Articles for tag: 1bn, Arabia, deal, Diq, nears, Reko, Saudi, stake

April 19, 2024

Ron Finklestien

mining

The Tale of Saudi Arabia’s Potential Investment in Reko Diq

Saudi Arabia Eyes Stake in Reko Diq Speculations are rife about Saudi Arabia’s interest in snagging a significant stake in Reko Diq, a mineral-rich project enticing international investors. The potential deal involves the Saudi company gradually boosting its involvement in Reko Diq, a venture where the Pakistani government holds a 25% stake, with the remaining 25% belonging to the Balochistan province. Early Talks Amidst Uncertainties Sources closely tied to the matter have disclosed that discussions are merely at a nascent stage and could either crumble like a house of cards or witness a temporary hiatus. The backdrop paints a picture

January 9, 2024

Ron Finklestien

mining

EMP Metals Revolutionizes Lithium Extraction with Groundbreaking PEA Results EMP Metals Revolutionizes Lithium Extraction with Groundbreaking PEA Results

The recent release of EMP Metal’s Viewfield lithium brine project’s Preliminary Economic Assessment (PEA) has reverberated across the mining industry, sending seismic waves through the market. The PEA revealed a post-tax Net Present Value (NPV) of a staggering $1 billion, while also disclosing a pre-tax internal rate of return (IRR) of 55% and a pre-tax NPV of $1.49 billion at an 8% discount rate. The capital cost of the project stands at $571 million, with an additional $52 million contingency, and a promise of repaying the investment over 2.1 years. CEO Rob Gamley expressed his elation, declaring the company’s deep