Shares of Iamgold were halted in Toronto after climbing as much as 11%, valuing the company at about C$1.7 billion ($1.2 billion).
Intel Mining News
The metal touted for its environmental benefits, particularly in the manufacture of lighter cars and trucks, has a big problem with storing its toxic by-products.
As lucrative as the overall stock market has been for investors during the past two years, clean-technology shares have done even better.
A plan to build Zimbabwe’s biggest platinum mine at a cost of about $4 billion is floundering because a military stake in the project has deterred potential backers.
Supported metal prices, debts being slashed, and production efficiency growth were the keys for the good performance.
Should governments install tougher policy in the push for cleaner technology, emission-intensive companies will increasingly struggle to compete.
The non-profit organization said the new funding will allow for the continuation of its minerals, energy and water related public earth science.
Sibanye faces competition from two rivals if it wants to buy South African gold mining assets that AngloGold Ashanti Ltd. plans to sell.
AngloGold announced on Thursday that it’s in the early stages of a sales process for Mponeng, the world’s deepest mine and its last underground operation in South Africa.
Fugitive diamond merchant Nirav Modi’s third attempt to get bail has been denied by a UK court.
Renewable energy deployment stalled out last year, raising alarm bells about the pace of the clean energy transition.
Countries have been scrambling to claim territory or, like China, boost their presence in the region.