Rio Tinto and Sumitomo Metal Mining have signed the final joint venture agreements to deliver the Winu copper-gold project in Western Australia following a December announcement of the partnership. Under the agreements, Rio Tinto will continue to develop and operate Winu, and Sumitomo will pay Rio Tinto up to $430.4 million for a 30% equity share of the project. This…
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Canadian-based miner IAMGOLD has completed its first gold pour at the Côté Gold mine in the Sudbury District of Ontario, less than 90 days since the start of pre-commissioning activities. Full story.
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Indonesia’s mining minister said Vale will sell a 14% stake in Vale Indonesia to bring the holding by foreign investors below the maximum limit, reported Reuters. The news agency said share divestment is a condition Indonesia requires to extend the operation permit for the nickel miner. The government requires oversea firms to divest 51% of their stake to local buyers…
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Photo: Ardea Resources Ardea Resources said it has signed a non-binding Memorandum of Understanding (MoU) with a Japanese consortium to develop its Kalgoorlie Nickel Project Goongarrie Hub in Western Australia. Full story.
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Large Philippines mining operator Nickel Asia is reportedly eyeing the addition of two more producing mines in the coming three years, adding additional output to what is already the second-largest global nickel producing country. Full story.
Read MoreJapan-based Sumitomo Metal Mining has decided to withdraw from an ongoing feasibility study on a nickel refinery project in Indonesia due to partnership difficulties with PT Vale Indonesia. Read full article here.
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