zincstocks
Metals Acquisition (MAC) (NYSE:MTAL,ASX:MAC) has signed a strategic investment deal with Polymetals Resources (ASX:POL), which is working to restart the Endeavor silver-zinc-lead mine and processing plant. The transaction will see MAC make an initial AU$2.5 million investment in Polymetals for a 4.31 percent interest in the company. An additional AU$2.5 million is on the table subject to several conditions outlined in a Monday (May 27) press release, including Polymetals securing enough funding to restart the mine and processing plant. The companies will also have to enter into a water offtake...
Investing News Network
After months of negotiations, Boliden (STO:BOL) has reached an agreement with worker's unions and local management to reopen the Tara operation, which is Europe’s largest zinc mine. Tara, operated by the Sweden-based mining company, is an underground zinc and lead mine with a production capacity of 2.6 million metric tons (MT) per year, making it the largest zinc mine in the continent. Located in Navan, Ireland, the Tara mine's reopening follows its closure in July 2023 due to a combination of challenges, including unfavorable zinc price trends and operational hurdles. The accord, aimed at ens...
Investing News Network
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