Exxaro buys manganese mines in $640M diversification push
Deal aligns with the coal miner’s strategy to diversify into energy-transitioning metals and renewable energy.
Cecilia Jamasmie , Editor-in-Chief
Posts by Cecilia Jamasmie:
Cobalt Holdings plans London’s biggest mining IPO since 2022
Cobalt Holding is seeking $230M from its IPO, potentially the largest in the sector since Ithaca Energy Plc raised around $300M in late 2022.
Rio Tinto to ship Simandou ore in November
Rio Tinto also announced the $399 million sale of a 30% stake in Winu copper-gold project to Sumitomo Metals.
Cost of Sibanye lithium project in Finland rises 17% to $880M
The revised figure covers the development of the Keliber project through to hot commissioning of the refinery.
De Beers to shut down lab-grown diamond brand Lightbox
Decision reflects De Beers’ renewed focus on natural diamonds, a return to the strategy behind its iconic “Diamonds are Forever” slogan.
Gemfields to resume emerald mining in Zambia
The resumption of open pit mining at Kagem ends a four-month pause triggered by weak market prices and cost-cutting measures.
Gates, Bezos-backed KoBold to buy stake in DRC lithium project
KoBold plans to acquire AVZ’s stake in the Manono lithium project, aiming to resolve disputes and unlock a major source of the critical metal.
BYD and Tsingshan scrap plans for Chile lithium plants
Both companies had been selected in 2023 as strategic investors to develop value-added lithium products in Chile.
Wheaton lands $4.3B BHP silver stream, enters Australia
Major deals in Peru and Australia expand production reach and secure long-term precious metals supply streams.