Proponents of a new AUD$480 million copper mine on South Australia’s Yorke Peninsula are evaluating financing options in regard to project funding and offtake agreements from a number of interests, including Chinese.
Due to past examples of environmental mismanagement, and with only a reported 3 per cent of 9 million hectares identified by the state as having high mineral reserves being mined, mining in the South East Asian nation remains a contentious issue.
As reported in Chinese media, a new method for extracting lithium in a greener and more efficient way has passed China’s state-level appraisal, paving way for its commercialisation to boost the new energy sector.
The Royal Government of Bhutan was presented with a $300,000 grant from the World Bank-led Extractives Global Programmatic Support (EGPS) multi-donor trust fund to support reforms in the mining sector and assist the Department of Geology and Mines in implementing its 2017 Mineral Development Policy.