31.8 C
Supported byspot_img

CAML the new owner of Macedonia’s Sasa mine as takeover is completed

Member of Europium Groupspot_img
Supported byspot_img

London-based Central Asia Metals Limited is officially the new owner of the Sasa mine in Macedonia, after the company on Monday concluded the acquisition of Lynx Resources and was readmitted to trading on Aim.

The $402.5-million acquisition has diversified CAML’s base metal production capabilities. The company’s previously production focus was on copper at its Kounrad solvent extraction and electrowinning facility in central Kazakhstan.

“The low-cost nature of Sasa complements our Kounrad operation and we look forward to our future with two long-life and cash-generative base metal operations in highly prospective jurisdictions,” commented executive chairperson Nick Clarke.

Supported by

The Kounrad mine produced 14 020 t of copper in 2016. The Sasa mine produced 22 515 t of zinc concentrate and 28 955 t of lead concentrate.

Source: miningweekly

Supported byElevatePR Digital

Related News

Rio Tinto challenges Serbian government with arbitration notice on Jadar project

Background of the dispute: Jadar project and environmental protests The British-Serbian activist group Earth Thrive has reported that Rio Tinto has officially notified the Serbian...

There is no technology that guarantees the safe processing of lithium in the form it exists in Serbia

The Rio Tinto lithium mining project has never been conclusively dismissed, just paused, waiting for the dust to settle before being reintroduced with even...

“Jadar” will not pollute river streams

As the discussion about the "Jadar" project has reignited in recent days, the public in Serbia remains confused by the extremely contradictory narratives about...

Serbia’s lithium mining revival: Implications for EU membership and geopolitics

Serbia is aiming to position itself as a significant supplier of lithium in Europe, reviving a contentious mining project that was previously abandoned due...
Supported by
Supported by
Supported by
error: Content is protected !!