Newmont said it will sell its Akyem operation in the Republic of Ghana to China’s Zijin Mining Group under a definitive agreement, for cash consideration of up to $1 billion. The sale is part of Newmont’s ongoing program to divest non-core assets as the miner makes a strategic shift to focus on its Tier 1 assets. The transaction is expected…
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Barrick has reportedly confirmed that its Porgera gold operation in Papua New Guinea is running without restriction after a significant landslide hit the Enga province. A Reuters report said Barrick is reporting a 40-day fuel supply for the operation. The company has also offered its support to the survivors of the mountainside collapse, which happened 30 kilometres (18.64 miles) away.…
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Metso has been selected by Zijin Mining Group to supply crucial plant equipment for its concentrator at the Julong copper project in China’s Tibetan Autonomous Region. Full story.
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Xanadu Mines and Zijin Mining Group have entered a strategic partnership to progress the former’s flagship Kharmagtai copper-gold project in Mongolia through its next phase of evaluation and development. See full article here.
Read MoreChina-based Zijin Mining Group has acquired Canadian company Neo Lithium in a C$960 million (US$772 million) deal, which includes the Tres Quebradas (3Q) lithium project in Argentina. Read full article from The Asia Miner.
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