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.
On Monday, November 4, Chinalco and the Republic of Guinea-Bissau signed a framework agreement for cooperation on mineral resources at Guinea-Bissau's Ministry of Natural Resources.