Ero Copper extends NX Gold mine life

The Toronto-based miner, which is developing a large untapped gold deposit in a remote part of Northern Ireland, will seek final approval of the transaction by the Ontario Superior Court of Justice early next week, with the deal expected to close on or about Sep.7, 2018.

The mine and processing complex, in operation since 1997, will be placed on care and and maintenance by year-end.

Acquisition will add 250,000 to 260,000 ounces to its full-year 2019 guidance, boosting expected output to between 850,000 to 900,000 ounces

Congo is Africa's top copper producer and the world's leading miner of cobalt, which is a key component in electric vehicles and other electronic products.

"It is not just China."

Victoria's government wants to spend $220 million on exploration and drill one million metres by 2023.

South Africa plans to publish a final version of its new Mining Charter for implementation by November.

The US miner will eventually have to invest a minimum of $3 million in Miranda Gold's Lyra project to be granted a 51% stake on it.

PDVSA filed an appeal requesting that a Delaware court vacate a decision granting the Canadian miner the right to seize its U.S. assets.