Freeport Indonesia to process 400,000t of copper concentrate at new smelter
Earlier this month, Freeport obtained an export permit for the rest of the year from the government.
The Moxico Resources PLC and Ajlan & Bros Mining Company consortium won the licence for exploration of Saudi Arabia’s Khnaighuiyah mines, where zinc and copper deposits are estimated around 26 million tonnes, the kingdom’s Ministry of Industry and Mineral Resources said on Wednesday.
The ministry awarded the licence for 255.6 million riyals ($68 million) after a four-day electronic auction.
($1 = 3.7575 riyals)
(By Aya Nader; Editing by Tomasz Janowski and David Goodman)
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