CANADA > Japan based Softbank Group is set to invest in Canada based lithium company, Nemaska Lithium Inc. acquiring a stake up to 9.9%

softbank-logo SoftBank Group Corp. is set to invest in the Canadian lithium company, Nemaska Lithium Inc. acquiring a stake up to 9.9 % in Nemaska. The Whabouchi mine in Québec, Canada, one of the richest spodumene hard rock lithium deposits in the world, is to be developed by Nemaska which is building a lithium electrochemical plant (refining plant) at Shawinigan, which More …

AUSTRALIA > Switzerland based Glencore is set to acquire Hail Creek Coal Mine and Valeria coal resource in Queensland, Australia for $1.7 billion  

glencore logo Swiss Glencore is set acquire Rio Tinto’s 82% interest in the Hail Creek coal mine and 71.2% interest in the Valeria coal resource in Central Queensland for a total cash consideration of $1.7 billion. Nippon Steel Australia Pty Ltd (8%), Marubeni Coal Pty Ltd (6.67%) and Sumisho Coal Development Pty Ltd (3.33%) own the remaining 18% of the Hail Creek More …

CHILE > BHP invests $2.5 billion for the expansion of Spence copper mine in Chile’s Atacama desert

bho logo After Chile’s environmental regulator (SEA) unanimously approved the project, mining giant BHP is set to invest $2.5 billion in Chile’s Atacama Desert for extraction of copper. This expansion project involves the construction of a concentrator plant to increase production and also to increase the life of the deposit by 20 years. Spence project is likely to generate 4,100 temporary jobs More …

Côte d’Ivoire > UK based Amara Mining to invest $430 million in mining project(s) in Côte d’Ivoire

PR-Amara-Mining-Plc London based Amara Mining will invest $430 million to build one of Africa’s largest gold mine in Yaoure, Côte d’Ivoire. The company is expected to extract over 325,000 ounces of gold per year through this project. With a population of 24 million and an economic system which is largely based on agriculture, Côte d’Ivoire is emerging as a country with potential More …