Midas estimates Stibnite would have a mine life of 12 years with life-of-mine total cash costs of $597 per oz. and all-in sustaining costs of US$616 per oz.
The diamonds to be sold by Vutomi, in which Botswana Diamonds holds a 40% interest, are expected to generate short-term cash flow to further develop he Thorny River project.
Extracting Atacama’s lithium means pumping large amounts of water and churning up salty mud known as brine—and that’s having an irreversible impact on the local environment.