Glencore, which owns approximately 86.3% of Katanga, had agreed to swap $5.8 billion in debt for equity, which will raise its stake further in the firm.

Azimut believes work done so far helps establish Rex as a district scale, polymetallic opportunity.

A tie-up with Freeport could bolster Barrick’s U.S. presence, where it already operates gold mines in Nevada.

UK judge ruling bolsters the Serious Fraud Office in one of its longest-running and most sensitive investigations

The Edmonton-based company is now focusing on the Atajo zone.

Codelco said that it expected work on the plant to kick off in the first quarter of 2020 and for the plant to be operational in 2022.

The move continues a recent acquisition spree for Zijin and strengthens its foothold in the Balkans.