Business
Grande Portage signs gold offtake agreement for Alaska’s New Amalga
The Ocean Partners agreement could cover up to 100% of output during the first seven operating years.
NEWSVERUM / Global briefing
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Business
Mayfair outlines C$310 million financing framework for Fenn-Gib
The package includes a proposed non-binding C$300 million project facility and a C$10 million equity investment.
Business
Independence Gold proposes up to $6 million for 3Ts exploration
The private placement has not closed; part of the proceeds is intended for a 10,000-metre drill program in British Columbia.
Business
Great Atlantic reports gold-bearing rock samples at Newfoundland’s Golden Promise
The company said grab samples from earlier trenches indicate sporadic gold mineralization along a corridor of at least 135 metres.
Business
Independence Gold reports new gold-silver intervals at 3Ts
The September 24 release covers assays from three additional holes at the Balrog and Tommy veins in British Columbia.
Economy
Pakistan’s weekly essential-price index rose 0.99% on 24 September
Pakistan’s Bureau of Statistics said the SPI stood at 369.69 in the week ended 24 September, up 0.99% from the previous week. It is the bureau’s short-term indicator of essential prices.
Business
Kunduz iron-melting plant opens with 300-tonne daily rebar capacity
Afghanistan’s Office of the Deputy Prime Minister for Economic Affairs said the Khatiz Lmar iron-melting plant opened in Kunduz on 17 September. It reported $8.6 million in investment by a foreign company and capacity of 300 metric tonnes of rebar per day.
Energy
Mauritania signs comprehensive Aman hydrogen agreement with CWP Global
The September 16 agreement frames later development phases; annual hydrogen and ammonia quantities are production targets.
Business
New Found Gold declares commercial production at Newfoundland’s Hammerdown mine
The milestone followed the mill meeting throughput, recovery and feed criteria over a 60-day period ending August 19.
Energy
Republic of Congo licenses petroleum-products haulier nationwide
An official gazette published on 1 October gives Wing Wah a renewable five-year road-transport licence.
Energy
Afghanistan approves electricity networks in AFN 2.7bn procurement package
Afghanistan’s Procurement Commission approved 12 of the 30 projects discussed on 12 September, with a combined value of about AFN 2.7 billion. The deputy prime minister’s office said the approved projects included electricity supply and distribution networks in several provinces.
Business
Afghanistan signs $65.865m contract for Shirzad talc block
Afghanistan’s Ministry of Mines and Petroleum said it signed a contract on 8 September with Nangarhar Afghan Talc Mining and Processing Company for the second block at Kudi Khel in Shirzad district, Nangarhar. The area was reported as 3.826394 square kilometres and the contract value as $65.865 million.