High availability of copper and low availability of oxygen during the Neoproterozoic period gave scientists the first clues.
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Newmont’s ownership in Continental could increase to 28%
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Gold production surged 150% year-on-year to 285,000 ounces, while copper production of 159,100 tonnes marked a 1.1% increase over 2017.
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The project now contains 1 million indicated tonnes grading 6.98 grams per tonne gold and 710.6 grams silver.
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Project included the installation of two power stations, a 66 kV interconnected power line, and a 450 km natural gas pipeline.
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The parcel of land proposed by state officials in September 2018 was deemed unsuitable from a social and environmental standpoint.
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The property is located approximately 6 kilometres north of the Cadillac Larder Lake Fault Zone.
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While the 83.9 carat rock was not gem-quality, Lucapa says the find continues to underline the large-stone nature of the kimberlite resource.
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The body, which looks into the way the Polish state operates and how it spends public funds, says the company has spent more than $5.2B in three years in the underperforming Sierra Gorda mine.
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Polish Audit Office blasts KGHM acquisition of Chilean copper mine Read More »
A 272.9% increase since 2014 has driven the median M&A deal value to its highest level in six years.
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