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Chinalco Mining to acquire 95% stake in Opuwo Project
Key takeaways
- Chinalco Mining to acquire 95% stake in Opuwo Project.
- The Opuwo Project in the Kunene Region of north-western Namibia is an advanced cobalt-copper exploration and development venture.
- It has a mineral resource estimate (MRE) of 225.5 million tonnes (mt), with grades of 0.12% cobalt, 0.43% copper and 0.54% zinc.
Chinalco Mining to acquire 95% stake in Opuwo Project. The project has an MRE of 225.5mt · Mining Technology Shree Mishra Tue, June 30, 2026 at 8:53 PM GMT+7 2 min read HG=F CLA.AX 601600.SS Chinalco (Xiong'an) Mining, a subsidiary of the Aluminum Corporation of China, has agreed to acquire a 95% stake in the Opuwo Cobalt-Copper Project in Namibia from Celsius Resources for $15m (101.88m yuan).
The transaction follows the execution of a binding share sale agreement between the two parties.
The Opuwo Project in the Kunene Region of north-western Namibia is an advanced cobalt-copper exploration and development venture.
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