Surge Copper acquires option on 70% stake in Berg copper project
Berg includes a historic resource estimate of 397 million measured and indicated tonnes grading 0.44% copper-equivalent and 14 million inferred tonnes at 0.34 copper-equivalent.
Alcoa and Rio Tinto announced the launching of Elysis, a joint venture company whose goal is to push towards commercial production a newly discovered, carbon-free aluminum smelting process.
Indicated and inferred gold equivalent resources increased by whooping 208% and 172% respectively, when compared to the project’s maiden mineral resource estimate of 2015.
The Canadian miner is the latest company to be hit by changing policies in Africa as governments seem increasingly willing to upend historic deals with foreign companies in their quest for more mining revenue.