Barrick Gold, Pakistan set copper-gold project funding structure
Province where Reko Diq is located will benefit from its 25% ownership without having to contribute financially to construction and operations.
Province where Reko Diq is located will benefit from its 25% ownership without having to contribute financially to construction and operations.
Teams from Barrick and Pakistan are currently finalizing a framework deal to develop the giant Reko Diq copper-gold deposit.
A proposal championed by the White House to spend around $555 billion on climate and clean-energy measures have stalled.
The investment is expected to generate nearly $160 million (C$200 million) in economic benefits for Quebec.
Prime Minister Justin Trudeau has signed a deal with Belgium's Umicore to build a new battery facility in Ontario.
The $5.5 billion Peruvian copper project, to come on stream by mid-year, is expected to produce 100,000 to 150,000 tonnes of copper this year.
The company behind what is said to be the largest undeveloped gold-copper deposit in the world is looking for a joint venture partner.
It will drill a minimum of 8,000 metres as part of an ongoing feasibility study at the tin-copper project in Cornwall, southwest England.
Over the coming years, Fitch forecasts high copper prices on the back of a bullish demand outlook as the economics of copper mining projects will become increasingly attractive to investors.
Lately, gold has failed to attract safe-haven flows despite growing recessions risks.