Sipa Resources has enticed global mining giant Rio Tinto to consider spending up to US$59 million as part of a staged earn-in at the Kitgum-Pader base metals project in northern Uganda, just months after Rio established a subsidiary specifically to look outside the company’s traditional bailiwick (MiningNews reports).
Plus, Capricorn poised to be Australia’s next 100,000ozpa gold producer
Elon Musk reckons ‘boring bonehead’ questions on Tesla’s massive cash burn rate are not cool.
He was equally sensitive on Tesla’s recent first-quarter investor call on the subject of cobalt, a key ingredient in lithium-ion batteries, which is today’s interest.
The cobalt price has increased almost four-fold in the past two years as the world frets about being reliant on the less-than-stable Democratic Republic of the Congo for as much as two-thirds of its needs to power the electric vehicle and renewable energy storage revolution.