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Moxico Resources is a development and exploration mining company incorporated in the UK. [95] Moxico holds an 85% ownership in the license holding company and 15% is held by Moxico's Zambian partners. The mining license was granted in May 2017, with a validity for 25 years. [96] The British firm plans to invest US$100 million in the mine ...
The UN-backed International Seabed Authority (ISA) has issued 31 deep-sea exploration licences, including two for India in the Indian Ocean, but is yet to allow mining because the 36-member body ...
The authority, which is the global custodian for international deep waters, has granted 31 mining exploration contracts but has not authorized any exploitation as the debate continues.
Meeting in Kingston, Jamaica, until July 26, the 36-member ISA council will negotiate the latest draft of a long-awaited "mining code", designed to regulate the exploration and extraction of ...
The Donlin Gold Project is a large, undeveloped, refractory gold deposit located 12 miles (19 km) north of Crooked Creek, Alaska, on the Kuskokwim River, about 280 miles (450 km) northwest of Anchorage. The deposit has proven and probable reserves estimated to be 33.9 million ounces of gold at a grade of 2.1 g/t and could produce an average of ...
A flow-through share (FTS) is a tax-based financing incentive that is available to, among others, the mining sector. A FTS is a type of share issued by a corporation to a taxpayer, pursuant to an agreement with the corporation under which the issuing corporation agrees to incur eligible exploration expenses in an amount up to the consideration paid by the taxpayer for the shares.
Mining firm Rare Earths Norway says it has discovered Europe’s largest proven deposit of highly prized rare earth elements, potentially reflecting a watershed moment for both the Nordic country ...
Deep sea mining is the extraction of minerals from the seabed of the deep sea. The main ores of commercial interest are polymetallic nodules, which are found at depths of 4–6 km (2.5–3.7 mi) primarily on the abyssal plain. The Clarion-Clipperton Zone (CCZ) alone contains over 21 billion metric tons of these nodules, with minerals such as ...
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