The sum will be given on the completion of the sale of 15% of its Solwara 1 project to an entity nominated by Papua New Guinea.
Jamaica Mining News
The ship will accommodate as many as 180 people and is expected to be delivered by the end of 2017.
State-owned and private companies from the UK, Germany, India, Brazil, Singapore and Russia are among those to benefit from the seabed regulator’s decision.
Since 2001 the United Nations’ International Seabed Authority has issued 30 exploration permits, with other seven waiting approval soon.
Commodities trader claims Jamaica firm won't send the alumina it still owes Glencore due to a new agreement with another firm.
Nippon Light Metals has commenced the extraction of rare earth minerals found in red bauxite mud in Jamaica's Hope Gardens, St. Andrew.
The mining of rare earth minerals in the Caribbean nation of Jamaica has come a step closer after its government gave the go-ahead to the feasibility study for a proposed extraction project