Articles for tag: BHP, explore, Finland, jointly, Kingsrose, Norway

May 22, 2024

Ron Finklestien

mining

BHP, Kingsrose to jointly explore Norway and Finland

The agreement, to be carried out in three stages, will first see BHP funding up to $20 million in regional generative exploration over up to four years across areas of interest in the two Nordic countries. This gives BHP the exclusive right to select the targets it wants to see developed as projects. Kingsrose Mining has been building a portfolio of critical minerals exploration projects targeting nickel, copper and platinum group metals in both Norway and Finland. In the second phase, BHP may earn up to 75% in two stages by providing up to a further $36 million over seven

March 20, 2024

Ron Finklestien

mining

Unearthing Potential: Barrick Ventures into Fresh Gold and Copper Prospects in the DRC

Exploration Endeavors in the DRC Barrick’s Kibali mine, Democratic Republic of Congo. Image from Rangold Resources. Barrick Gold (TSX: ABX; NYSE: GOLD) has declared its intention to venture into uncharted territories by seeking out new gold and copper deposits in the Democratic Republic of Congo in collaboration with the government. The acclaimed, second-largest gold entity worldwide plans to delve deeper into the region, following the resounding success of its operations at the Kibali gold mine in northeastern DRC. Remarkably, the mine produced 343,000 ounces of gold in 2023, constituting a sizeable 8.5% of the company’s total output for the year.

February 29, 2024

Ron Finklestien

mining

Getech and East Star Embark on a Copper Exploration Journey in Kazakhstan

Strategic Partnership Forges A Path in Kazakhstan Getech, a UK-based technology company, has joined forces with East Star to delve into the depths of copper exploration in Kazakhstan. East Star currently holds copper licenses on the Verkhuba deposit, along with licenses for orogenic gold and rare earth prospects in the country. They will take the lead in the application process for new tenements and licenses, as well as spearhead operational activities within the project areas. Equity Participation Strategy to Lead the Way In a groundbreaking move, Getech will have a call option to acquire shares at no cost in the

February 2, 2024

Ron Finklestien

mining

Merger Talks Spark as Rare Earth Market Fluctuates Merger Talks Spark as Rare Earth Market Fluctuates

Amidst a volatile rare earth market, both Lynas, based in Western Australia, and MP Materials, operating from California’s Mountain Pass, have been grappling with daunting challenges spawned by the steep decline in rare earth prices. MP’s shares have nosedived by over 50% in the past year, whereas Lynas witnessed a staggering decline of approximately 40%. The recent embargo imposed by China on the export of rare earth extraction and separation technologies has been sparking fervid speculation, apparent in its quest to sustain its market supremacy amidst worsening relations with the US – a suitor thirsty for the rare earth elements.