Global Atomic shares jump on permit for Dasa project

It gives the company access to 23,903 hectares of land in the country Great Dyke, which has a potential for 96 million ounces of platinum and palladium.

After six months of lobbying, companies including Glencore and Randgold Resources have got nowhere in their battle to push back against a new mining law that voids existing agreements and increases their costs.

Vedanta's Deshnee Naidoo told Reuters, adding that KCM is on track to produce 400,000 tonnes of copper a year in the next few years.

Project is expected to extend Fort Knox mine life to 2030 and generate 17% internal rate of return (IRR) at a low capital cost.

"We see numerous similarities between cobalt and silver."

CITIC Metal will own 20% of the Canadian miner, which makes its biggest shareholder.

The fully automated underground section of the mine is scheduled for commissioning in late 2018.

Transiting Voisey's Bay nickel mine from open-pit operations to underground will cost about $2 billion, and is expected to extend its productive life to 2035.

Code sets Congo on collision course with mining firms.