Northparkes life extension project approved – China Molybdenum

The life of mine extension at the Northparkes copper/gold mine, in New South Wales, has been approved by the federal and state governments, the operating arm of China Molybdenum said on social media. China Molybdenum acquired an 80% shareholding in the project from mining major Rio Tinto in 2013, in a deal worth $820-million.