Saudi Arabia nears $1bn deal for stake in Barrick’s Reko Diq
Through its investment fund Manara Minerals, Saudi Arabia is seeking at least a 25% interest in the Reko Diq copper and gold project.
Through its investment fund Manara Minerals, Saudi Arabia is seeking at least a 25% interest in the Reko Diq copper and gold project.
Both teammates worked on the company’s technical services team.
The company, which was the country's second top gold producer until 2018, has applied for a new concession in the southern Puno district.
The mine, which will supply General Motors, is a key part of US President Biden's efforts to reduce dependence on Chinese lithium.
Newmont said last week it planned to sell six non-core assets.
The miner reported record annual revenue of $1.69 billion.
The world's largest gold miner will use proceeds to cut debt, which stood at $8 billion at the end of 2023.
Jiangxi Copper, the Canadian miner’s top shareholder, will receive 50,000 tonnes of copper anode per year from mines in Zambia.
Côté Gold will be the third largest gold mine in Canada with an expected mine life exceeding 18 years, the company said.
The Canadian miner has not yet earned a stake in African Pioneer Zambia, the company that holds the copper licences.