Continental says Newmont Goldcorp has until July 12 to exercise its right to maintain its ownership of the company in connection with the private placement.
Brazil has a backlog of more than 20,000 areas where mining rights expired or were otherwise lost by their previous holders, equivalent to roughly 10% of the areas with pending mining permits.
While uranium oxide prices continue to drift in the doldrums, several uranium companies have still raised a bit of money to explore and carry out modest programs.
While the producers will be conscious that AMCU led the country’s longest ever platinum mining strike in 2014, none can meet its demand for a pay increase of as much as 48% without undermining their businesses.