South Africa’s Implats CEO confident of funding during restructuring
Implats is confident of having adequate cash while restructuring its operations and cutting its workforce despite reporting a wider full-year loss.
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Gold Fields plans to extend life of Peru mine through 2040
South African miner Gold Fields Ltd aims to extend the life of its Cerro Corona gold mine in Peru through 2040 with an investment of at least $240 million.
Congo mines minister insists no compromise on new mining code
Democratic Republic of Congo's mines minister said that a new mining code signed into law that hikes royalties and taxes cannot be called into question.
Mitsubishi, Sumitomo said to be after Teck’s Quebrada Blanca mine
Other companies interested in partnering with Teck include Freeport-McMoRan, China’s Aluminum Corp of China (Chinalco) and Canada’s base metals miner Lundin Mining.
MIT study suggests nuclear power crucial to future as uranium price hits 2-year high
Last week, 2.4 million pounds of uranium changed hands according to industry consultant TradeTech.
US private equity firm Black Mountain to buy Australia nickel project
A unit of the company, Black Mountain Metals LLP, will buy the Lanfranchi nickel project in the state of Western Australia for $15.1 million from Panoramic Resources.
Bosnia’s Aluminij calls for government help to ensure survival
Aluminij Mostar, Bosnia's sole aluminium smelter, is at risk from high alumina and electricity prices and only urgent government intervention can help it stay on line.
Belgium’s Umicore to invest over $370 m in Polish battery materials plant
The plant is the first of its kind built by Umicore in Europe and comes as the European Union is trying to develop EV battery manufacturing in the bloc.
De Beers officially the new owner of Peregrine Diamonds
The C$107 million-acquisition ($82m) gives the miner access to the Chidliak diamond project in Canada, which hosts at least 74 kimberlites, eight of which are potentially economic.