Botswana sells troubled state-owned mine to Canada’s Premium Nickel Resources

Pancon now controls more than 157 square kilometres west of Timmins.

Robert Mayne-Nicholls has worked in companies such as Codelco, Antofagasta and Barrick Gold.

But only sliver of funds raised destined for mining and metals

Glencore tightened its grip by appointing new executives and entering a management services contract to run its troubled Congo copper and cobalt unit.

The company expects Oyu Tolgoi will be the world’s third-largest copper producer at peak metal production.

Company has agreed to buy BHR Newwood DRC Holdings Ltd, a holding company set up by private equity firm BHR to buy a 24% stake in the Congo mine in 2017.

The company's Main Ridge project is located in an area where Spaniards mined placer gold in the 16th Century.

The reduction in global expectations for the price in 2019, coupled with the trade war, will keep investors away, maintaining a downwards trend in the price for the short term.

The funds will enable the company to expand activities in south-west England and to drill exploratory boreholes to extract samples of lithium-bearing brines.