Indonesia adds nickel parks worth nearly $40 billion to strategic plan
The parks will produce mixed hydroxide precipitate and nickel and cobalt sulphate, used in the making of EV batteries.
The parks will produce mixed hydroxide precipitate and nickel and cobalt sulphate, used in the making of EV batteries.
Anglo plans to focus on copper while spinning out or selling its less profitable diamond, platinum, coal and nickel businesses.
Prices were pressured by an inventory accumulation at Chinese ports and caution about demand outlook.
Until closure, Cobre Panama was responsible for approximately 5% of Panama's GDP.
A 2021 pre-feasibility study gave the project a 10-year mine life, averaging 108,500 oz. of gold equivalent output per year.
The contest began with 1,300 entrants in 2021.
According to the feasibility study, the projected capex of the Stage 1 operation is estimated at $83.5 million.
Analysts see the election result as a positive development for the Cobre Panama mine.
The combined indicated open pit resources increased by 12.4 million tonnes or 37% to 46.2 million tonnes.
The deposit is believed to be the largest undeveloped copper asset in Eastern North America, said Osisko.