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

January 9, 2024

Ron Finklestien

mining

Norway’s Arctic Ocean Deep Sea Mining Approval Norway’s Controversial Approval of Arctic Ocean Deep-Sea Mining

As Norway greenlights deep-sea mining in the Arctic Ocean, it is anticipated that an agreement on deep-sea mining in international waters could follow later in the year. The move by the European country, typically esteemed for vast oil and gas reserves, aims to diversify its economy away from fossil fuels. However, it has placed the country at odds with the EU and the UK, which have called for a temporary ban on the practice due to concerns about environmental effects. The Norwegian government announced, “We’ve mapped vast areas in the northern Norwegian Sea since 2017. We’ve taken samples and collected