The Vancouver-based miner claims the Finnish Association for Nature Conservation’s (FANC) Lapland chapter is willfully misleading the courts in its appeal of an exploration permit decision — a criminal act under Finnish law.
The price for the two assets could rise to $500m from $200m, depending on an eventual recovery of copper prices and the execution of an expansion plan for the Mantoverde mine.
The US has suspended the futures market on the Nasdaq index, as panicking traders have driven it down 5% — the maximum allowed under Wall Street rules.
Appian Capital founder Michael Scherb: "You're now seeing the same changes in mining that happened in oil and gas which is now heavily supported by PE"
Beginning this fall, the company will start digging the first in a series of pits, each the size of a football stadium, in Utah, about 265km (165 miles) from Salt Lake City.