Vale Base Metals, a unit of Vale SA (NYSE: VALE), announced on Tuesday that it has completed the construction and commissioning of its C$4.13 billion ($2.94 billion) Voisey’s Bay nickel-copper underground mine in northern Labrador.
The Ministry of Energy and Minerals signed on Thursday a mining concession agreement with Al Tamman Indsil FerroChrome, granting exploration and mining rights in concession area No (22-D) in North al Sharqiyah Governorate.
Mine developers in Latin America are seeking new lithium and nickel prospects as current low market prices bring acquisition opportunities for those with a foothold in the region.
Kazakhstan plans to launch a large-scale Lomonosovske iron ore project (Lomo) with reserves of 74 million tons of iron ore concentrate with an Fe content of over 67%
State-ownwed diversified miner PT Aneka Tambang (Antam) has allocated US$723 million (Rp11.46 trillion) in Capital Expenditure (Capex) that will be used for gold, bauxite, and nickel exploration over the next five years.