Global bankers spurn Trump’s pleas to keep making loans for coal
Given the economics and how the conversation around coal has shifted, you might as well try to push these banks into rotary phones or horse-drawn carriages.
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Gupta’s South African mining assets attract $215m bid
Project Halo will buy Optimum Coal Mine (Pty) Ltd, Koornfontein Mines (Pty) Ltd and Optimum Coal Terminal (Pty) according to the term sheet seen by Bloomberg.
Anti-mine stance eases in second-largest copper producer
Cajamarca could attract as much as $18.2 billion investment in new projects, according to the Mines and Energy Ministry.
Greece seeks to avert nickel producer Larco shutdown
Larco, which is 55% owned by the Greek state, owes about 280 million euros in unpaid electricity bills to state-controlled power utility Public Power Corp.
Germany secures access to world’s second-largest lithium deposit
The partners expect to produce up to 40,000 tonnes of lithium hydroxide per year beginning in 2022.
Vale buys innovator New Steel for $500m
Vale has focused on sales of better quality iron ore, mostly from its S11D project in Pará state, as demand for the cleaner and less polluting product rises in China, its main market.
Australia plans deal with US on ‘critical minerals’, hopes to boost its exports
This will mean Geoscience Australia and the United States Geological Survey (USGS) will work closely on exploration, extraction, processing and research and development.
BHP calls off sale of Cerro Colorado copper mine as buyer backs out
The world’s No.1 miner had decided to offload Cerro Colorado mine in May last year, as part of chief executive Andrew Mackenzie’s bid to focus on large assets in commodities such as iron ore, copper and oil.
Toronto miner Amarillo allowed to stay in Brazil
The company received approval for a three-year extension of its mining concessions for the Posse gold deposit.