A new economic study has found that a proposed new Northern Territory open-pit tungsten mine promises to deliver a net outcome of more than AU$100 million over its seven-year life, potentially expanding underground.
As China remains a key driver of global commodity demand, India – the world’s fastest growing economy – and Indonesia, Asia’s emerging new powerhouse, could potentially add pressure on minerals supply.
By Bingxun Seng and Dr. Fraser Thompson
Asia is blessed with sizeable endowments of mining resources, amounting to some of the highest global reserves of coal, gold, manganese, uranium and iron. Almost 60 percent of the word’s coal reserves are found in Asia, particularly in the Central Asian republics, China and Indonesia.
Nevsun Resources and Zijin Mining Group have entered into a definitive agreement pursuant to which Zijin will make a take-over bid to acquire all of the issued and outstanding shares of Nevsun for C$6.00 per share in cash. The Offer is valued at C$1.86 billion (US$1.41 billion).