Bringing the project to production is expected to take about four years, but Donlin gold project is still has a long way to go in the permitting process before construction and operations can begin.
Australian lithium producer Galaxy Resources said it was evaluating “strategic options” for its project in Argentina, which remains in the feasibility stage.
If China’s Tianqi grabs a stake in Chile’s SQM, the world’s lowest cost lithium miner, it would mean the top three producers would control at least 80% of the total market, Chile’s government has said.
Despite seeing gold output decline by 2%, Newmont claimed the title of world’s biggest bullion producer as it surpassed rival Barrick by 16,000 ounces in the first three months of the year.
The company's revenue jumped a whopping 174% in the first quarter of the year thanks to strong demand for its rough rocks and the sale of a 910-carat diamond, the fifth-largest ever found.