Ivanhoe Mines, Gecamines sign deal to develop Kipushi zinc mine

The idea is to secure fresh funds within six months for feasibility and engineering work at the Los Azules project.

The integrated Yerington project has a post-tax net present value (at a 7% discount) of $356 million and an internal rate of return of 17.4%.

Chinese rules and regulations alongside resistance from competitor Shanghai Futures Exchange have frustrated LME's attempts to expand its network to China.

The company produced 89.40 million metric tons of iron ore in the last three months of 2023.

The miner said selling the copper concentrate is the best alternative to generate resources to cover the costs.

The latest drilling results from the Safari Link area represent a near-term opportunity for resource and value addition, Lifezone said.

The miner sold two tranches of debt worth a total of $2 billion last week at 230 basis points and 235 points above US Treasuries.

The regulatory approval marks a major step in the permitting process, allowing the firm to appoint contractors for this year’s activities.

Sinohydro Corp and China Railway Group will invest up to $7 billion in infrastructure projects as part of an agreement over their Sicomines copper and cobalt JV in the DRC.