Jamaica’s efforts to mine gold and copper received a boost with the recent announcement by a Canadian entity that it has reached an agreement over prospects in St Catherine and Clarendon.

The company, C3 Metals Inc, which is listed on the Toronto Venture Exchange (under the symbol CCCM), recently announced that it has entered into a royalty purchase and assignment agreement with Rodinia Resources Pty Limited to purchase 1.5 per cent of a net smelter returns (NSR) on the company’s Main Ridge and Hungry Gully properties located in Jamaica. The NSR Purchase agreement replaces the original two per cent NSR with a 0.5 per cent NSR and provides the company with a right of first refusal to purchase the remaining 0.5 per cent NSR.

https://www.jamaicaobserver.com/business-observer/gold-and-copper-mining-company-renegotiates-royalty-for-jamaican-mines-mining-yet-to-start_229488?profile=1056