Gates, Bezos-backed KoBold Metals raises $537 million in race for critical minerals
The funding round valued KoBold at $2.96 billion.
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Oman makes first copper export in 30 years
Approximately 900 tonnes of copper concentrates were shipped from the Lasail mine in Sohar.
ACG to raise $200m in bonds to finance Turkey copper mine
The funds will be used to transition the Gediktepe mine to copper and zinc concentrate production from gold and silver.
Copper price holds near 9-month low as 2025 opens with eyes on China
Chinese President Xi Jinping acknowledged new challenges from the external environment in a speech on Tuesday
Brazilian miner boosts rare earths output in challenge to China’s grip
Serra Verde started commercially producing concentrate in Brazil’s Goias state about a year ago.
Rio Tinto says crew member missing from ship en route to Australia
A deck fitter on board of a bulk carrier travelling from China to Western Australia was reported missing last week
Cobalt miner Jervois in rescue deal after struggle to compete with China
A collapse in the price of cobalt has forced the company to delist and reorganize.
US Steel jumps most in a year on Nippon Steel offer to Biden
Last-ditch effort to get President Joe Biden’s approval for its takeover of the American steelmaker.
De Beers sitting on largest diamond inventory since 2008, FT reports
The diamond giant has faced multiple headwinds in recent years.
