Labrador Gold Invests $1.41M in Bolivian Silver-Zinc-Lead Mine Operator

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

In the early morning of August 20, 73,500 mt of sulfur directly purchased from the Middle East by Guizhou Phosphate Chemical Group successfully arrived at Zhanjiang Port, Guangdong. This is the first vessel of mainstream Middle East cargo directly imported and purchased by Guizhou Phosphate Chemical Group since the conflict between the US, Israel and Iran, and also the largest single purchase contract for Middle East sulfur in terms of volume and value since the establishment of the group in 2019.