Celsius Resources Limited (ASX:CLA, AIM:CLA) is closer to becoming the newest #CopperProducer in the Philippines after the Philippine Department of Environment and Natural Resources approved the MCB Project’s mining permit. The market has responded enthusiastically, sending CLA shares climbing as much as 53.85% in the first hour of ASX trading to A$0.02. This permit grants CLA exclusive rights to undertake exploration, development and commercial production of #copper and associated minerals at MCB for the next 25 years, with an option to renew for a further 25. It marks the first copper project to be approved in the Philippines in 15 years, opening the path to mine development at the MCB Copper-Gold Project in northern Luzon. More at #Proactive #ProactiveInvestors #ASX #AIM #CLA #CopperMining #BatteryMetals http://ow.ly/cL0B105mlvU
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This is a major step forward for the Mining Industry of the Philippines. Coming from the ASEAN-Australia Special Summit, PBBM was able to secure over a billion in business investments, among these being the Mineral Production Sharing Agreement (MPSA) with Australian Miner, Celsius Resources. This will be the first new copper project in the country in the last fifteen years! The mining of copper is significant in infrastructure development, technological advancements, renewable energy sectors, and electric vehicle developments, among many more. Onward and upwards for sustainable mining in the Philippines! Read more on the article from the Manila Standard #Mining #SustainableMining #MiningPhilippines #ASEANAustraliaSpecialSummit #RenewableEnergy #SustainableDevelopment Chamber of Mines of the Philippines
BOI approves first copper mining project in PH in last 15 years - Manila Standard
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via Mining.com.au Shareholders of Evolution Energy Minerals have voted in favour of a $3.62 million investment from China-based battery anode specialist BTR New Material Group. This marks the final approval necessary for the investment to go ahead, meaning #EV1 is now set to issue to BTR 25.86 million shares at $0.14 per share — marking a 9.9% interest in the Australian graphite company. Shareholders voted 99.96% in favour of the deal. The parties have agreed to adjust the issue price of the shares under the BTR Investment to $0.14, the equivalent price of the company’s most recent capital raising. The change in the issue price will result in BTR investing $3.62 million into Evolution for a 9.9% interest in the company. Learn more: https://loom.ly/YMxQ8-I #EvolutionEnergyMinerals #graphite #ASX
Australian Mining News - Mining.com.au
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Galileo MiningLtd (ASX:GAL, OTC:GLMGF) is trading higher on inking a farm-in and joint venture (JV) agreement with major Australian mining company Mineral ResourcesLtd (ASX:MIN) (MinRes) for lithium rights over the Norseman Project in Western Australia. GAL has agreed to sell 30% of its #lithium rights on Norseman tenements in return for A$7.5 million in cash consideration, with A$5 million to be paid within five days of the joint venture agreement’s (JVA) execution. A further A$2.5 million will be paid within 12 months of the JVA, with Galileo and MinRes forming a JV to explore for lithium at Norseman. Under the JV, MinRes will fund exploration over four years to the tune of A$15 million, thereby expanding its interest in lithium rights on the tenure to 55% – stage 2 of the JVA. Investors welcomed the agreement with GAL shares as much as 18.37% higher in early ASX trading to A$0.29. More at #Proactive #ProactiveInvestors #LithiumMining #BatteryMetals #CriticalMinerals #MiningAustralia http://ow.ly/HiG1105vkQh
Galileo Mining higher on executing farm-in with Mineral Resources for lithium rights at Norseman Project
proactiveinvestors.com.au
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SIBANYE-STILLWATER’S COST-CUTTING MEASURES TO SAVE R6.6 BILLION ANNUALLY Green metals and gold mining company Sibanye-Stillwater has implemented measures to address loss-making assets, which are expected to secure annual savings and capital expenditure deferrals of R6.6 billion, announced Chairperson Dr. Vincent Maphai at the company’s online AGM on Tuesday. The Johannesburg- and New York-listed platinum group metals major is focusing on strategic essentials, such as reducing operating and capital costs and improving efficiencies. While prepared for an extended period of low prices, the company remains optimistic about the outlook for its produced metals. Despite the low prices, Sibanye-Stillwater, which…READ MORE HERE https://lnkd.in/dr-zvvKG
Sibanye-Stillwater’s Cost-Cutting Measures to Save R6.6 Billion Annually
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Accelerating green hydrogen deployment where it is most needed to solve the climate crisis, increase energy security and improve job and other socioeconomic opportunities
Really important piece of work here from Natural Resource Governance Institute. As they say, contract transparency is becoming the norm when a company signs a deal with a government in the extractive sector, so surely there is even more of a need for transparency when the agreement is between states. A great service to have a repository for these agreements and some important pointers for what the agreements should contain, including on governance and including civil society. Minerals for the energy transition - for renewables, electricity/hydrogen transmission and electrolysers for green hydrogen - are indeed 'critical' and we need robust governance and transparency around state-state agreements (in addition to state-investor agreements) Gavin Hayman Maria Cristina Mundin Ernst Müller Mark Robinson Eddie Rich Bruce Douglas Sonia Dunlop
There's been lots of talk (some would say hype) around mineral security partnerships bringing together consumer and producer governments around mineral supply (with a focus on minerals important for the global energy transition), including at this week's #MiningIndaba. But as my Natural Resource Governance Institute colleagues Susannah Fitzgerald, Phesheya Nxumalo and Thomas Scurfield set out in this timely piece, to date many of these have been "Deals without Details." https://lnkd.in/eDGTXnjS Given their potential economic and geopolitical significance, greater scrutiny around these deals is important. NRGI has taken a first step by including the publicly available official documentation related to these new state-state mining partnerships on ResourceContracts - https://lnkd.in/e5XGRYJY (a repository of publicly available oil, gas, and mining contracts and associated documents). But lots of work remains, both to increase transparency (no public documentation available on 22 of the 35 identified partnerships) and to analyze and accompany these partnerships as they move to the next steps of details being developed and negotiated. If these partnerships are to live up to their billing for low and middle income mineral producing countries, a wide range of stakeholders will need to be keeping an eye on how they move forward.
Deals Without Details: Exploring State-State Mining Partnerships and Their Implications | Natural Resource Governance Institute
resourcegovernance.org
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A strategic Canadian critical minerals opportunity - Mink Ventures Corporation (TSXV:MINK) is a Canadian mineral exploration company exploring for critical minerals (nickel, copper, cobalt) at its Warren and Montcalm projects, in the Timmins Nickel District, Ontario, Canada. The assets are strategically located, highly prospective, polymetallic, Canadian critical minerals projects, ideally situated in a top-ranked mining jurisdiction with low geopolitical risk. Mink’s portfolio offers significant opportunities for the discovery of critical minerals. The company’s capital structure, with only 18.8 million shares outstanding, enhances its shareholders’ potential to ride the Lasonde curve. Natasha Dixon Mink Ventures Corporation President & CEO https://lnkd.in/eGSx6gFk #canada #criticalrawmaterials #criticalminerals #energytransition #mining #energy #batterymetals
A strategic Canadian critical minerals opportunity
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Horizon Minerals LTD (ASX:HRZ) has just wrapped up its independent ore reserve study for the Boorara Gold Project, conducted by AMC Consultants. The study confirms a financially viable project, with a projected open pit mine design producing 1.24 million tonnes at a fully diluted grade of 1.24 g/t gold for a total of 49,500 ounces over an estimated 14-month mine life. Key highlights include an ore sale agreement with Paddington Gold Pty Ltd, a wholly-owned subsidiary of Norton Gold Fields Ltd, that anticipates 45,800 ounces of recovered gold at a metallurgical recovery rate of 92.5%. The project is expected to generate A$19.9 million in free cash flow, assuming a gold price of A$3,300 per ounce. The Boorara project,15 kilometres east of Kalgoorlie-Boulder in Western Australia, is fully permitted with all statutory approvals in place. More at #Proactive #ProactiveInvestors #ASX #HRZ #Gold #Mining #PreciousMetals http://ow.ly/23Cs105C9v2
Horizon Minerals on track to develop Boorara project following positive ore reserve study
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Perseus Mining Limited (ASX:PRU, TSX:PRU, OTC:PMNXF) has increased its interest in Predictive Discovery Ltd (ASX:PDI, OTC:PDIYF) to 19.9%. On August 15, Perseus increased its interest in African #gold and West Africa by making a strategic equity interest in PDI, which holds the Bankan Gold Project in Guinea with an ore reserve of 3.05 million ounces. Perseus initially acquired a relevant interest in 13.82% of the issued shares of Predictive, with PRU chairman and CEO Jeff Quartermaine saying: “As a deliberate element of our capital management strategy, Perseus continues to assess and, where considered commercially appropriate, deploy our significant reserves of cash and bullion that totalled US$587 million at June 30, 2024, to pursue opportunities that will deliver material growth for our shareholders in coming years. More at #Proactive #ProactiveInvestors #GoldMining #GoldStocks http://ow.ly/bUTB105HPF9
Perseus Mining increases its interest in Predictive Discovery to 19.9%
proactiveinvestors.com.au
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There's been lots of talk (some would say hype) around mineral security partnerships bringing together consumer and producer governments around mineral supply (with a focus on minerals important for the global energy transition), including at this week's #MiningIndaba. But as my Natural Resource Governance Institute colleagues Susannah Fitzgerald, Phesheya Nxumalo and Thomas Scurfield set out in this timely piece, to date many of these have been "Deals without Details." https://lnkd.in/eDGTXnjS Given their potential economic and geopolitical significance, greater scrutiny around these deals is important. NRGI has taken a first step by including the publicly available official documentation related to these new state-state mining partnerships on ResourceContracts - https://lnkd.in/e5XGRYJY (a repository of publicly available oil, gas, and mining contracts and associated documents). But lots of work remains, both to increase transparency (no public documentation available on 22 of the 35 identified partnerships) and to analyze and accompany these partnerships as they move to the next steps of details being developed and negotiated. If these partnerships are to live up to their billing for low and middle income mineral producing countries, a wide range of stakeholders will need to be keeping an eye on how they move forward.
Deals Without Details: Exploring State-State Mining Partnerships and Their Implications | Natural Resource Governance Institute
resourcegovernance.org
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Eleven projects in upstream mining and mineral extraction, four projects in midstream minerals processing, and two projects in recycling and recovery; One project focusing primarily on lithium; three on graphite; two on nickel; one on cobalt; one on manganese; two on copper; and seven on rare earth elements; Five projects in the Americas, seven projects in Africa, three projects in Europe, and two projects in Asia-Pacific.
Joint Statement on the Minerals Security Partnership Announce Support for Mining, Processing, and Recycling Projects - United States Department of State
https://www.state.gov
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