Solidcore to buy 55% stake in Kazakhstan’s Syrymbet tin deposit for $82.5m
me-metals: Gold miner Solidcore, formerly known as Polymetal, will buy a 55% interest in Kazakhstan’s Syrymbet tin deposit from Lancaster Group subsidiary Berkut Mining for $82.5 million, it said on Thursday.
According to me-metals cited from mining.com, The transaction will be financed from existing cash resources and is expected to complete in the fourth quarter of 2024, subject to regulatory approval, it added.
Solidcore said it has completed 3 km of drilling at Syrymbet this year to validate historical exploration results and conduct metallurgical studies. The deposit is suitable for open-pit mining.
he company said it aims to secure board approval for construction in 2025.
Oman’s Maaden International Investment is Solidcore’s biggest shareholder with a stake of 29.7%. Lancaster Group belongs to a group of Kazakh businessmen.
source: mining.com
Related News
Top News
Five last month
Two last year
US Energy Dept finalizes $2.26bn loan for Lithium Americas’ Nevada mine
Abandoned copper mines embraced as fast track to boost output
Glencore posts lower metals output for first nine months, reiterates outlook
Solidcore to buy 55% stake in Kazakhstan’s Syrymbet tin deposit for $82.5m
Mercuria eyes equity in African assets, new metals boss says
Gold price surge adds glitter to tarnished miners
Traders see gold as a surefire bet as coin-toss election looms
Gold price shows little reaction to jobs data
Environmentalists sue over US approval of ioneer’s Nevada lithium mine
Liberty Gold advances Black Pine project permitting
China zinc smelter group sets processing fees for Q1 2025
Brazil prepares to remove illegal Amazon gold miners from Munduruku land
Anglo American sells Australian coal JV stake for $1.1 billion
Solidcore to buy 55% stake in Kazakhstan’s Syrymbet tin deposit for $82.5m
Ecuador to reopen mining register for first time in over six years
Mercuria eyes equity in African assets, new metals boss says
Traders see gold as a surefire bet as coin-toss election looms
Gold price surge adds glitter to tarnished miners
Euro Sun, Glencore enter MOU for offtake on Rovina Valley project
China zinc smelter group sets processing fees for Q1 2025
Brazil prepares to remove illegal Amazon gold miners from Munduruku land
Anglo American sells Australian coal JV stake for $1.1 billion
Solidcore to buy 55% stake in Kazakhstan’s Syrymbet tin deposit for $82.5m
Ecuador to reopen mining register for first time in over six years
Traders see gold as a surefire bet as coin-toss election looms
Gold price surge adds glitter to tarnished miners
Euro Sun, Glencore enter MOU for offtake on Rovina Valley project
Gold price shows little reaction to jobs data