Main objective of mining commencement is to stockpile the mill throughput in advance of anticipated mill start.
The acquisition itself is valued at US$635 million, which is to be made payable in six installments over a five year period
The Kemess Underground project is undergoing a coordinated permitting review process, meaning that all of the required permit applications have been submitted and will be reviewed at the same time.
According to Acacia’s 2017 interim results, it announced that it would need to consider reducing operating activity, and lower expenditure at the Bulyanhulu mine if the concentrate ban was not lifted by the end of Q3 2017.
Trevali Mining Corp. has announced its acquisition of a portfolio of zinc assets, which previously belonged to Glencore PLC.
The Tanami expansion was undertaken by the Newmont Mining Corporation in an effort to increase profits.