The Butte Highlands Joint Venture (BHJV) is the first example of Timberline's strategy to participate in gold production through creative structures. ... and construction in anticipation of mining once all the required permits are obtained. ... LLC (MSGC), a private Montana company. MSGC has assumed Highland's $24-million loan and will fund ...
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Greatland Gold plc, a precious and base metals exploration and development company, has announced that the company, and its wholly-owned subsidiary Greatland Pty Ltd, have signed a series of new agreements, including a fully formed joint venture (JV) agreement for the Havieron project (the Havieron JV agreement), a new JV agreement for the Black Hills and …
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The JV deal replaces the $330 million in second tranche equity investment from GM announced in January 2023, and is in addition to the $2.3 billion loan from the US Department of Energy (DOE).
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2018 has seen a marked uptick in the use of the mining joint venture (JV) in the industry as mining companies spend more on exploration and look for strategic partners to invest in expanding projects. While the jurisdiction in which the JV will be based is the main driver for determining what kind of JV structure is available to the potential ...
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Philippine-focused miner TVI Pacific has arranged a secured promissory note of up to C$1.3-million to joint-venture (JV) partner Mindoro Resources, to help Mindoro fund its operations for the next ...
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BHP Billiton and Rio Tinto have secured a $100m loan from the Australia's export credit agency, Export Finance and Insurance Corporation (EFIC), to expand Escondida copper mine in Chile.. The Escondida mine is owned by Minera Escondida Limitada (MEL), a joint venture of BHP Billiton, Rio Tinto, JECO Corporation and JECO 2. The mine is located in the …
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Joint ventures (JVs) can be a natural solution. Yet, even when structured right, JVs often fail due to unclear decision-making processes, ineffective governance, and poor …
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In contemplating a mining JV in the US, investors, whether foreign or domestic, should consider involving legal counsel early on to assist with structuring and formalizing the …
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Sylvania Platinum (SLP) has announced a 50:50 joint venture (JV) with Limberg Mining Company (LMC), called Thaba, to process platinum group metals (PGM) and chrome ores from LMC's historical tailings dumps and run-of-mine (ROM) ore. It is expected to start production in H225 and will for the first time see Sylvania receiving a chromite concentrate revenue …
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The mining industry's largest players are exploring cross-sector alliances to advance innovation programs and achieve sustainability goals. Matthew Johnson, Lachlan Poustie and Cynthia Urda Kassis ask which key elements should be considered when structuring these bespoke partnerships.. Joint ventures (JVs) have long been an important tool used in …
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Sherritt International has signed an agreement to restructure its Madagascar-based Ambatovy joint venture (JV) in order to eliminate debt from its balance sheet.
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Mining projects are capital intensive and are often operationally complex. For these reasons, the sharing of risk and the ability to access finance or combine operational know-how often brings parties together in a joint venture transaction.
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The support from controlling shareholder Jiangxi Copper Corp comes after the state-run company said this week it would pay $1.1 billion for an 18% stake in Canadian miner First Quantum Minerals.
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"The Thaba JV combines the strengths and expertise of both companies in the mining and processing industry. Sylvania Metals has a proven record in the recovery, sale and distribution of PGMs ...
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If miners want to expand their mining operations by purchasing additional mining rigs or investing in better rigs, they can take out a DeFi loan using their existing crypto assets as collateral. These expansion funds can then generate more income through mining, creating a virtuous cycle thanks to the liquidity unlocks of DeFi loans.
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The answer is to merge your neighboring properties into a shared joint venture company. The concept of mining joint ventures is not new and the mining industry has a long history of them.
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Joint ventures in the mining industry are a common practice that involves two or more companies coming together to pool their resources and expertise for a specific project. …
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Ioneer entered into an agreement in September 2021 with Sibanye Stillwater Limited (Sibanye-Stillwater), a mining and metals processing company, subject to certain conditions, to establish a joint venture related to the Rhyolite Ridge project. Sibanye-Stillwater is a valued interested party and is expected to partner in the project.
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Developed at SLB's demonstration plant in Clayton Valley, Nev., the "well-to-product" scalable technology combines SLB's geological expertise with surface engineering, Nicholas Lugansky ...
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Principles of mining joint venture arrangements provided; ... be entitled to receive distributions made by the company, including loan notes in respect of qualifying shareholders loans; and to approve at least two suitable persons to the top executive management of the company as maybe agreed in the shareholders agreement and subject to the ...
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Stillwater Mining Company: Advising on Canadian mining and securities matters, including in connection with its acquisition of Peregrine Metals Ltd. for C$487 million; its C$118 million acquisition of Marathon PGM Corporation by way of plan of arrangement, including a joint venture with Mitsubishi with respect to the Marathon Project; and advising geological and engineering …
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Now, BHP has bought a 50% stake in Josemaria from Lundin Mining for $690m. The two companies have also established a 50:50 JV called Vicuña Corp, which includes FDS and Josemaria. Operating independently from BHP and Lundin Mining, the JV company is responsible for managing these projects.
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Pilbara Minerals (ASX:PLS) reports that POSCO Pilbara Lithium Solution Co Ltd has executed a US$460 million loan agreement to fund the balance of the capital development and commissioning costs for its new 43,000tpa Lithium Hydroxide Monohydrate Chemical Facility being constructed in South Korea. Pilbara Minerals retains an 18% interest in the POSCO …
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Syrah Resources, an Australian mining company, has secured a significant $150 million loan from the US government to expand its Balama graphite mine in northern Mozambique. The loan, approved by the US International Development Finance Corporation (DFC), is a testament to the strategic importance of graphite in the global energy transition. …
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If Newcam decides to exercise the option, the company will pay an additional $500,000 cash to Aurumin to acquire a 50% interest in the JV that will hold the iron ore rights on the tenements. Newcam will also provide a loan of up to $5 million to the JV to fund production start-up activities, and will be repaid from operating profit.
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Lithium Americas said on Monday it has closed its joint venture with US automaker General Motors to develop the Thacker Pass lithium mine in Nevada. The miner's CEO, Jonathan Evans said that the...
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Letter of credit for DOE loan. Lithium Americas and General Motors have entered into a new investment agreement to establish a joint venture (JV) to fund, develop, construct and operate the ...
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A R1.5-billion green loan facility secured in 2022 is the significant funding underpin of three solar PV renewable-energy plants being constructed by Harmony Gold at its large Moab Khotsong gold ...
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The Vancouver, Canada-based private mining shell company seeks to tap into an estimated $15 billion in capital. February 18, 2025 | 08:25 am Anglo sells Brazil assets for $500M, targets June to ...
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Develop Global (ASX:DVP) has completed the documentation for a US$65 million ($101.55 million) loan facility with Trafigura, which paves the way for a final investment decision for the Woodlawn copper-zinc mine. In August, Develop Global signed a term sheet with Trafigura for the loan facility and an offtake agreement. Both companies have also executed a […]
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A China-backed joint venture between Guinea's Societe Miniere de Boke (SMB) and Singapore's Winning International Group scored a big win in the iron ore world after securing on Wednesday ...
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