25 February 2025
25 February 2025
The combined entity, New Equinox Gold, will have an estimated market capitalisation of C$7.7bn ($5.4bn).
An assessment will be conducted after three months to decide on the future of the ban.
This move aims to meet growing demand for HRC steel in Europe and position GRP as a leading low-carbon steel manufacturer in South East Asia.
The judgment includes the original award amount of around $713m (C$1.02bn) and pre-award interest of $22.29m.
Firebird’s patented calcining kiln offers superior energy efficiency over existing alternatives, claims the company.
Production at the facility is expected to begin by Q3 2025, initially utilising Pampafos ore.
Approximately 60,000t of ore remain on the ROM Pad at Jeffreys Find.
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