China’s state-owned miner joins ‘gold rush’ to raise capital
Shandong Gold Group is the latest miner looking to cash in on the rally in gold. It is currently seeking to raise as much as $600 million in loans.
Latest Stories
Valterra CEO has ‘positive’ outlook on PGM market despite volatility
With a valuation of £8.5 billion and assets spanning operations in South Africa and Zimbabwe, CEO Craig Miller says the company is positioned for sustainable growth.
Antofagasta celebrates 25 years of mining at Los Pelambres
As one of the largest copper mines in the world, Los Pelambres has produced more than 8.5 million tonnes of the industrial metal to date.
Gradiant to build lithium production plant in Pennsylvania’s Marcellus Shale Formation
The site, the company said, is the world’s first to extract, concentrate and convert lithium in a fully integrated, end-to-end process from oilfield produced water.
Buenaventura to begin gold production at San Gabriel project in November
Construction of the mine, located in the southern region of Moquegua, is 80% complete, its CEO said.
Uranium miner’s Russian routes unnerve potential bond investors
Money managers are raising red flags about a planned $300 million bond sale by Uzbekistan’s NavoiYuran.
Central banks eye gold, euro and yuan as dollar dominance wanes
According to a report by the Official Monetary and Financial Institutions Forum, one in three central banks plan to increase exposure to gold over the next one-to-two years.
Magna’s Crean Hill project receives Ontario gov’t funding
The funds, said Magna, will be applied towards metallurgical work related to enhancing precious metal recoveries.
Silver X secures $2M from Trafigura to support Peru copper expansion
The loan builds on the existing copper offtake agreement for Nueva Recuperada, which is ramping up to its nameplate capacity.
