The claims are within the company's Falcon Nickel project.

The Indigenous group will become a shareholder in Noront.

Sherritt International Corp., whose executives were once known as Fidel Castro’s favorite capitalists, is paying the price for its close ties to the struggling Caribbean nation.

Australian mine developer Clean Teq said on Tuesday it was looking to sell a stake in its nickel, cobalt and scandium project in central New South Wales.

Unable to get funding from lenders like the IMF since defaulting on its debt in 1999, Zimbabwe has over the last five years relied on the African Export and Import Bank for mineral-backed loans

The new government intends to look into establishing a mining tax and analyzing the possibility of taxing capital gains from the sale of mining rights.

The project is located 100 kilometres north-northwest of the Ring of Fire nickel and chromite deposits.

The world's largest miner has revised up expectations for electric vehicle sales and market penetration, but warns the electrification of the transport sector will proceed only as fast as the development of charging infrastructure does.