World Bank, Germany, Rio and Anglo set up "climate smart" mining fund
The World Bank is targeting a total investment of $50 million, to be deployed over a 5-year timeframe.
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The World Bank is targeting a total investment of $50 million, to be deployed over a 5-year timeframe.
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One of the largest gold mining companies in the world has taken a shine to Chakana Copper and its Soledad project in Peru.
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Global demand for strategic minerals like lithium, graphite and nickel will skyrocket by 965%, 383% and 108% respectively by 2050, according to the World Bank’s updated 2018 projections.
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The uranium producer logged a C$18.3 million loss in the first quarter of 2019, compared with a profit of C$57.8 million a year ago.
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The Victoria-based company announced it wants to earn an initial 60% interest and a subsequent 100% interest in the West Madsen gold property.
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This will allow the miner to increase Cameby Downs thermal coal mine's output from 2.8 million tonnes a year to 3.5 million.
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Rebeico sits on Mexico’s famed Sierra Madre Gold belt, credited with production of over 80 million ounces of gold and over 4.5 billion ounces of silver.
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More than 8,000 tonnes of ore have already been extracted since early April.
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The Knife Lake property was extensively explored from the late 1960s to the 1990s, with the last documented work program completed in 2001.
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The Argyle deposit has indicated resources of 543,000 tonnes grading 2.19 g/t gold for 38,300 oz.
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The transaction is expected to close in the second quarter 2019.
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The project is on track to deliver between 140,000 and 175,000 tonnes in 2019.
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