The industry is laying part of the blame on temporary permits known in Peru as Reinfo, a registry that allows informal miners to operate with some legal protections while they formalize operations.
The funds will be used to support a mini-pilot to confirm certain process design criteria and improvements to the NICO project metallurgical processes in Canada's Northwest Territories. .
Under the terms of the current JV agreement, IAMGOLD has the option to acquire an additional 5% interest for 80% by delivering a feasibility study on the Nelligan project.
The Biden administration has unveiled plans to exclude Chinese entities from receiving any of the generous tax credits available for investing in the US EV supply chain.