Eramet Announces Reduced 2026 Quota for Weda Bay Nickel JV, Plans to Apply for Increase

Dominion Holdings, controlled by the Sy family, has received board approval to merge with Indophil Resources Philippines and Sonar Holdings, securing voting rights in Sagittarius Mines, operator of the Tampakan copper-gold project. Tampakan is Southeast Asia's largest undeveloped copper-gold deposit in South Cotabato, Mindanao, valued at about US$200 billion, designed to produce roughly 375,000 tonnes of copper and 360,000 ounces of gold annually over 17 years, with operations targeted around 2028 after an initial 2026 timeline. Dominion already holds 54.48% of Atlas; the consolidation would create the Philippines' largest miner, with its shares up more than 820% in 2026.

According to an August 17 announcement by Develop Global, Develop has awarded the EPC contract for the design and construction of the Yitirrti processing plant (formerly known as Sulphur Springs) to leading engineering company GR Engineering Services Limited, with a contract value of A$275 million. The processing plant will have a designed capacity of 1.5 million tonnes per year and will produce separate copper-silver and zinc concentrates. Funding for the Yitirrti project will come from a US$400 million debt facility recently provided by Trafigura to Develop, Develop's existing cash resources, and cash flow generated by Develop's Woodlawn and Pioneer Dome mines. Trafigura has signed offtake agreements to purchase the copper and zinc concentrates produced by the Yitirrti project. Construct