The goal of a mineral supply agreement is that countries that have limited access to the raw materials needed to transition to a green economy are not left behind.
The Panguna mine was operated by BCL, majority-owned by Rio Tinto, for 17 years from 1972 until 1989, when operations were suspended due to an uprising.
The center is home to companies and researchers developing commodities like asphalt, graphene, graphite, agricultural char, carbon fiber and more — using coal and coal byproducts.
The new resource estimation is in addition to Séguéla’s current mineral reserves of 12.1 milllion tonnes averaging 2.80 g/t gold containing 1.09 million ounces.