Metals Acquisition IPO Down Under goes over forecast
Metals Acquisition (NYSE: MTAL.U) has raised A$325 million ($285 million) through a new listing in Australia that will help pay for the billion-dollar purchase of the CSA copper mine there. The…
Australia, NZ & South Pacific
Video: Mazumdar highlights sector’s challenges; need for sentiment shift
Of the many challenges facing the mining sector right now, the biggest one is investor sentiment, says Joe Mazumdar, mining analyst, editor and writer of the Exploration Insights Newsletter. Mazumdar,…
Cash crunch has junior miners feeling ‘despondent’
According to Mining Intelligence data, mining financings tumbled by around 13% last year, after falling a precipitous 45% the previous year. Numbers from the Prospectors and Developers Association aren’t in…
Pilbara Minerals upgrades offtake deal with Chengxin Lithium
Australian lithium producer Pilbara Minerals (ASX: PLS) has amended a spodumene-concentrate supply deal with lithium chemicals producer Chengxin Lithium Group, raising agreed sales volumes and extending the contract duration. Under the…
Tanzania backs SilverCorp takeover of ASX-listed gold developer OreCorp
Silvercorp Metals’ (TSX: SVM; NYSE: SVM) planned takeover of African gold developer OreCorp (ASX: ORR) has been cleared by the Tanzanian Fair Competition Commission (FCC). The decision paves the way for…
Piedmont Lithium cuts 27% of workforce as prices plunge
Piedmont Lithium (NASDAQ: PLL; ASX: PLL) said on Tuesday it had laid off 27% of its workforce as a sharp downturn in the lithium market is forcing miners to cut…
MP Materials and Lynas explore merger amid rare earth market woes: report
MP Materials (NYSE: MP) and Lynas Rare Earths (ASX: LYC), two leading producers of rare earth elements, could be considering a merger, the Australian Financial Review reported Friday. The Sydney-based publication suggests that…
Bougainville Copper soars on Panguna licence extension
Shares in Bougainville Copper (ASX: BOC) rose as much as 64.3% to A57¢, on Friday, their biggest intraday percentage gain since February 2022, after receiving a five-year extension for its exploration licence…
China’s Zhaojin extends offer period for Tietto Minerals again
Zhaojin Mining has once again extended the offer period in its bid for Australia’s Tietto Minerals (ASX: TIE), a West Africa-focused gold producer. Zhaojin is currently Tietto’s second-biggest shareholder with…
South32 hits IGO with $107M royalty lawsuit
South32 (ASX: S32) is taking battery metals producer IGO (ASX: IGO) to court over royalty payments worth A$122.1 million ($107 million) it claims to be owed, which are related to the Tropicana gold…
VRIC: Gold set to gain as shine comes off US dollar
Escalating U.S. debt and a global move away from the U.S. dollar as the world’s reserve currency presents opportunity for gold and a complex landscape for mining, a recent industry…
Lithium market transition comes with delays, layoffs and M&As — Wood Mac
The lithium market is being shaken-up by a sharp, sustained slump in prices and a demand slowdown, which has disrupted projects and forced miners to cut production and look for…