09 January 2025
09 January 2025
The initiative is led by BNDES, the Brazilian Development Bank, and government funding agency Finep.
The project has faced more than a decade of legal and regulatory scrutiny, culminating in the ministerial committee's decision.
The expansion plan involves enlarging the Constancia pit, which has been operational since 2014.
Brimstone plans to begin pilot operations in 2025 and aims to have its commercial demonstration plant operational by the end of the decade.
The sellers have reportedly earned profits exceeding 100-times their initial investment during the 2022 acquisition.
The project is expected to go into production in the second half of 2026 (H2 2026), with the earthworks contract being recently awarded.
Upon completion of this acquisition, Vizsla Copper will hold a 100% interest in these claims.
In this issue: we interview Queensland's new Mining Minister, Dale Last; explore the latest innovations in mining pumps; examine Australia’s cobalt mining outlook; and much more.
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