The acquisition, valued at $96 million, will increase Cobalt 27’s exposure to nickel through the Ramu nickel-cobalt mine in Papua New Guinea.
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The founder of US private security company Blackwater aims to raise as much as $500 million to invest in deposits of metals such as cobalt, lithium and copper, mainly in Africa and Asia.
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The miner submitted a new version of its project proposal, which was approved with strict conditions to mitigate against environmental and social impacts.
The post Clean TeQ’s Sunrise nickel-cobalt-scandium project gets green light appeared first on MINING.com.
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The Brisbane-based lithium miner
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The drill program east of the mine is targeted at high grade gold zones associated with a previously undiscovered major fault structure.
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Mawson Resources says that its Rajapalot gold-cobalt project in Finland has plenty of room for expansion.
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The Canadian junior miner is taking advantage of a window of opportunity presented by a local drill company to complete two holes prior to the Christmas break.
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The joint venture will allow the American lithium producer, the world’s No. 1, to expand its presence in Australia.
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But short term pain will persist.
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The company plans to move forward with the plan only once the feasibility study at its Zinnwald project is completed, in the second quarter of next year.
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