Deep-sea miner TMC plans to be ready to apply for licence
The Metals Company said current draft rules provide them with legal cover to submit an application at any time.
The Metals Company said current draft rules provide them with legal cover to submit an application at any time.
Researchers sampled the seabed of the Clarion-Clapperton Zone to assess the possible impacts of deep-sea mining.
Deep-sea miner is said to have misled investors, government officials, and the public through material misrepresentations and omissions.
The move follows the sale of the Nickel King property, highlighting the company's focus on advancing the South Crofty tin project in the UK.
Usmar has more than 30 years of industry experience, with his latest role being founder and CEO of Triple Flag Precious Metals.
The world's largest producer of rare earths outside of China posted sales revenue of A$136.6 million for the quarter.
Copper production during the quarter totaled 270,747 metric tons, up 4.7% from a year earlier.
The miner also announced internally that it will no longer enter into long-term deals to buy commodities that it doesn’t already produce.
Industry leaders have pushed for two pricing structures for several years.
The diversification strategy includes plans to expand into international mining to secure access to minerals including copper, cobalt and nickel, as well as lithium.