BHP and Faraday Copper sign letter of intent to explore pathways to unlock US copper basin development
· Financial Post
The LOI provides the basis through which BHP and Faraday will explore pathways for the restart of the San Manuel copper mine and development of a new copper hub in Arizona. Consolidated development of the adjacent Copper Creek and San Manuel properties would benefit from neighbouring land positions, existing infrastructure at San Manuel, and enhanced capital efficiency. The brownfield redevelopment of San Manuel, under this ownership structure, provides the potential for new copper units to be brought to market at pace. The LOI is non-binding, other than an exclusivity period, financing participation as outlined above, and confidentiality provisions. Completion of the proposed transaction is subject to final due diligence, agreement of definitive documentation and customary approvals. Read More
Visit amunra-opinie.pl for more information.