Mincor progressed its African and Pacific Rim gold projects and established an alliance with BHP for the development of copper resources at the Reko Diq Project in Pakistan. The Alliance was moved to a newly-created subsidiary, Tethyan Copper Company Limited.
In parallel with these international activities, Mincor focused considerable effort on finding and acquiring an advanced project or producing mine in Australia.
Mincor wins the bid to acquire the Miitel nickel mine and associated tenements, located in the world-class Kambalda Nickel District of Western Australia, from WMC Resources Limited.