In addition to traditional resources such as iron ore, the British and Australian mining giant Rio Tinto is preparing to enter the lithium resource industry. According to Jiemian News, Rio Tinto has recently approved nearly US$200 million in funding to advance the further development of the Jadar lithium borate project in Serbia
Alamus Mining Company acquires Mexican gold project
Canadian Minera Alamos has expanded its business in Mexico by acquiring the Cerro de Oro gold project, which is the third asset of Alamos in Mexico
Middle East, Africa mining deal activity increases in second quarter
overall deal activity in the Middle East and African metals and mining industry increased by 16.7% in the second quarter, data and analytics company GlobalData’s deals database shows.
Twenty-eight deals worth $1.44-billion were announced for the region during the quarter, against the last four-quarter average of 24 deals.
Rio Tinto attempts to enter the lithium resource industry
In addition to traditional resources such as iron ore, the British and Australian mining giant Rio Tinto is preparing to enter the lithium resource industry. According to Jiemian News, Rio Tinto has recently approved nearly US$200 million in funding to advance the further development of the Jadar lithium borate project in Serbia
Peru expects to invest USD 4.8 billion in mining in 2020
According to Jiemian News, Peru’s Cabinet Director Pedro Cateriano stated that Peru is expected to invest US$4.8 billion in mining in 2020 and expand to US$6 billion in 2021; Peru must make full use of the opportunity of rising copper prices.
