President and CEO Mark Bristow said the company expected to complete a feasibility study for the project, which could extend the liefe of the mine into the 2030s, next year.
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The Vancouver-based miner intends to use the proceeds for its Kutcho copper-zinc project in northern BC.
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The company plans to advance its New Craigmont copper property with a diamond drilling program this year.
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The Canadian miner said that being able to enter Torrubia provides access to approximately 1.9 kilometres of strike with the widest and strongest soil copper geochemistry in the north part of the Torrubia trend.
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The Canadian miner said that the survey identified multiple high-priority anomalies that warrant follow-up reverse circulation drill testing.
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The $285-million takeover bid, considered by some analysts and Acacia’s minority shareholders as a low, would see the world’s second largest gold miner buying the remaining 35% of the African miner it does not already own, at a discount.
The post Barrick’s bid for Acacia an “appropriate” and “elegant” solution to Tanzania’s woes — CEO appeared first on MINING.com.
Debt financing agreements worth $200 million could be finalized “any day” and are expected to catalyze equity financing to start the almost 30-month development of the 1.1 billion-tonne Colluli sulphate of potash project, the company said.
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Danakali about to secure financing for potash project in Eritrea Read More »
Unionized workers rejected on Saturday the miner’s final contract negotiation offer and announced that they will vote on a proposal to go on strike.
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Workers at Codelco’s Chuquicamata mine to vote on strike action Read More »
The announcement follows a warning by the US Federal Trade Commission regarding the misuse of the words eco-friendly’ and ‘sustainable.’
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The goal is to study the physicochemical patterns and mechanisms of nitric acid dissection of hard-to-process ores.
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