Glencore hit by fresh bribery-related suit in the UK
Glencore (LSE: GLEN) is facing a fresh lawsuit in the U.K. related to alleged losses to shareholders resulting from the mining and commodities trader’s involvement in bribery. Legal & General…
Articles by Cecilia Jamasmie
Ghana mining fund mulls multi-million investment in Atlantic Lithium
Australia’s Atlantic Lithium (LSE: ALL; ASX: A11) said on Friday that is engaged in talks with Ghana’s state-owned Minerals Income Investment Fund (MIIF) for funding of up to US$30 million….
Glencore to sell 23% stake in Peruvian miner Volcan
Miner and commodities trader Glencore (LSE: GLEN) has kicked off a sale process for its 23% stake in Peruvian zinc and silver miner Volcan. Delivering 2022 results, the Swiss company…
Amplats first female CEO leaves to join Newmont as COO
Anglo American Platinum (JSE: AMS) announced on Wednesday that its first female chief executive officer, Natascha Viljoen, is leaving the miner after three years to join Newmont Mining (TSX: NGT;…
Chile issues fresh measures against Lundin Mining for giant sinkhole
Chile’s environmental regulator SMA said on Wednesday it had issued fresh measures against a copper mine owned by Lundin Mining (TSX: LUN) after detecting new leaks around a sinkhole that…
Bluejay Mining pulls demerger plan, aims to raise US$6M
Explorer and developer Bluejay Mining (LSE: JAY) said on Tuesday it would not spin off its battery and critical metals exploration subsidiary Disko Exploration, as previously announced. Executive chairperson Robert Edwards, who…
Gemfields evacuates exploration camp in Mozambique after attack
Africa-focused Gemfields (LSE: GEM; JSE: GML) said on Tuesday it had suspended operations and was evacuating personnel from its Nairoto exploration camp in Mozambique following an attack on a nearby village….
Vulcan Energy to mine 60% more German lithium than planned
Vulcan is now targeting 24,000 tonnes of lithium a year from its brine resource in Germany — 60% higher than its previous goal of 15,000 tonnes.
B2Gold to buy Sabina Gold & Silver for $1.1B
Canada’s B2Gold (TSX: BTO; NYSE: BTG) is buying fellow precious metals miner Sabina Gold & Silver (TSX: SBB; US-OTC: SGSVF) in an all-stock deal worth $1.1 billion (US$824 million). The…
Talks with First Quantum making headway, Panama says
Panama’s government said negotiations with First Quantum Minerals (TSX: FM) about agreeing on a contract for the company’s Cobre Panama copper complex have shown signs of progress this week. Comments…
Torex Gold picks up the pace on Media Luna build
Torex Gold (TSX: TXG) plans to invest between US$390 million and US$440 million in its flagship Media Luna gold project in Mexico this year to speed up development, with commercial production anticipated in…
Trafigura faces US$577M loss on alleged nickel fraud
Commodities trader Trafigura Group will take an almost half a billion dollars charge in first half of 2023, after discovering that some nickel cargoes it bought didn’t contain the metal they were…