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Saturday 25 November 2017

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ENAMI signs JVs with Barrick, Rio

February 2016: State mining development agency ENAMI’s initiative to find partners to explore its large portfolio of mining properties is beginning to bear fruit. In late 2015, ENAMI signed its first option contracts under the year-old program with Barrick Gold (TSX: ABX) and Rio Tinto (LON: RIO). Launched at last year’s PDAC Convention in Toronto, the program aims to allow third parties to propose the business model of their choosing to secure a partnership with ENAMI, offering greater flexibility than the previous tender model.

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