LEADERSHIP

Metallica counting cost after Sconi stuff-up

METALLICA Minerals is counting the opportunity cost of a two-year-old mistake, with the value of future payments owned from Australian Mines for development of the Sconi nickel-cobalt-scandium project development in Queensland slashed.

Metallica counting cost after Sconi stuff-up

If commercial production is established at Sconi, AUZ will now only need to pay A$2.5 million, down from the original $5 million.   It was a significant contingent payment owed to Metallica, being...

Start a free trial to continue reading this article

Already have an account?

Subscribe now

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.