Perseus gets key OreCorp shareholders on side with sweetened offer

Prices for two of the world’s most important mined commodities are diverging quickly.

Under the revised deal, both parties have agreed that China will invest up to $7 billion in infrastructure projects in Congo.

"We don't want to be overly reliant on any one country or any one company for global supply chains," says US Deputy Treasury Secretary Wally Adeyemo.

Coal miner is considering potential deals to acquire copper and manganese assets as part of its diversification strategy.

Bouna Sylla is former head of the state company that managed infrastructure projects on the giant Simandou iron ore project.

The project has total probable reserves of 11.3 million oxide tonnes grading 0.63 g/t gold, 7.9 million transition tonnes at 0.63 g/t gold, and 155.1 million fresh tonnes at 0.73 g/t gold.

Syrah's largest shareholder AustralianSuper will fund the projects.

Six mining companies closed down in 2022, while one more ceased activity last year.

The new zone will help Galiano convert inferred resources below the pit shell to the indicated category and evaluate the potential to expand the pit.