Sibanye falls to $2 billion loss, weighs capital raise if metal prices worsen
Sibanye Stillwater on Tuesday reported a $2 billion annual loss and scrapped its final dividend, hurt by a slump in platinum group metal (PGM) prices that is forcing South African mining companies to restructure and cut jobs.
-
-
Visit: 71
Raising capital now biggest risk to mining companies after ESG
Mining News Pro - Global mining and metals executives still view environment, social and governance (ESG) as the top risk facing their business over the next 12 months, but access to capital has now also become a major worry, according to a new report from EY.
-
-
Visit: 165
Crypto miners in Russia capitalize on the bear market by hoarding ASIC devices
Mining News Pro - Miners in Russia have likely been increasingly buying crypto ASICs due to reduced prices of mining devices as well as low-cost energy.
-
-
Visit: 374
Mining firms poised to lead capital raisings in Canada
Mining News Pro - Mining companies seeking to accelerate exploration of scarce critical minerals are set to lead capital raisings in Canada this year, the chief executive officer of the Toronto Stock Exchange said on Monday, as sectors such as technology take a back seat amid market volatility.
-
-
Visit: 700
Vale creates $100 million venture capital arm to spur mining innovation
Mining News Pro - Vale SA, the world’s No. 2 iron ore producer and one of the biggest nickel suppliers, has created a corporate venture capital arm to back startups focused on developing game-changing innovations for mining and metals challenges.
-
-
Visit: 590
Miners gather in copper capital facing ‘another world’ of tumult
Mining News Pro - The last time the copper industry gathered in Santiago, prices were below $3 a pound amid concerns over a slowdown in Chinese demand, and there was little talk of supply-chain woes or inflation.
-
-
Visit: 357
Ecuador court revokes Cornerstone Capital’s exploration permit
Mining News Pro - Ecuador’s Constitutional Court has backed the revocation of the environmental permit for Canada’s Cornerstone Capital Resources, which has been exploring in the country since 2005.
-
-
Visit: 856
Capital formation constraints could ultimately stunt EV revolution
Mining News Pro - The rapid onset of the green energy revolution could be stunted by pervasive structural issues in the finance sector spilling over to mining. It hinders capital formation, especially for junior mineral explorers, CPM Group managing partner Jeffrey Christian recently told The Northern Miner’s Global Mining Symposium.
-
-
Visit: 385
Appian Capital in talks to sell Atlantic Nickel for $1bn
Mining News Pro - London-based private equity fund Appian Capital is said to be in advanced negotiations to sell its Atlantic Nickel unit in Brazil for around $1 billion, with Canada’s Teck Resourcescited as one of the likely buyers.
-
-
Visit: 375
Jervois completes A$313m capital raise
Mining News Pro - Jervois Global has closed the retail component of its entitlement offer, raising A$178-million.
-
-
Visit: 335
Jervois nears capital raise targets
Mining News Pro - Triple listed Jervois Mining has completed A$135-million of it’s A$313-million capital raise.
-
-
Visit: 515
Yamana to expand Jacobina at fraction of original capital estimate
Mining News Pro - Canadian gold miner Yamana Gold has significantly lowered the capital expenditure (capex) estimate for the expansion of its Jacobina mine, in Brazil, with the project now expected to cost no more than $15-million to $20-million.
-
-
Visit: 478
Australian coal miners recapitalise, eye BHP assets and other M&A
Mining News Pro - Buoyed by a rebound in the price of coal, Australian miners of the resource are dusting off expansion plans and raising capital for new projects and acquisitions.
-
-
Visit: 418
GBM handballs Mt Morgan for Canadian capital
Mining News Pro - GBM Resources has initiated the sale of the Mt Morgan gold-copper project in Queensland to Canadian-based Smartset Services to focus more attention on its Drummond Basin gold assets.
-
-
Visit: 482
Salt Lake launches A$28m capital raise
Mining News Pro - Potash developer Salt Lake Potash will raise A$28-million through a share placement to enable the final debt drawdown and access to additional funding through a bank guarantee provided by financier Sequoia Economic Infrastructure Income Fund (SEQI).
-
-
Visit: 925
Venture Minerals to capitalise on strong iron ore market
Venture Minerals has started commissioning for its wet screening plant at the Riley iron ore mine in Tasmania.
-
-
Visit: 429
Hammer taps capital markets
Junior Hammer Metals will raise A$5-million in a share placement to existing, as well as sophisticated and institutional investors.
-
-
Visit: 641
Western Areas capitalises on high-grade Forrestania
Mining News Pro - Western Areas has reported improvements in mined and milled tonnage at the Forrestania nickel operations in Western Australia.
-
-
Visit: 732
ioneer in A$60m capital raise for Nevada project
Mining News Pro - ioneer on Thursday announced plans for a A$60-million capital raise to accelerate construction of its Rhyolite Ridge lithium/boron project, in Nevada.
-
-
Visit: 689
SQM shareholders approve $1.1 billion capital increase
Mining News Pro - Shareholders of Chilean miner SQM voted on Friday to greenlight a plan to raise $1.1 billion through the sale of common stock to help underwrite an expansion of its lithium, nitrate and iodine operations, a company spokesperson said.
-
-
Visit: 825
Capital makes strides in getting all equipment on Sukari site for mining start
Mining News Pro - Capital Limited says payments on major capital equipment items required for contracts related to waste mining and extended drilling services at London-listed Centamin`s Sukari gold mine, in Egypt, have significantly progressed.
-
-
Visit: 578
Capital secures `transformational` contract mining contract at Centamin`s Sukari
Mining News Pro - A subsidiary of minerals drilling solutions provider Capital Limited has entered into a conditional 120-million-tonne openpit waste mining services contract and an expanded drilling contract at LSE-listed Centamin’s Sukari gold mine in Egypt, as part of Centamin’s operational reset.
-
-
Visit: 685
Bushveld draws down $30m for capital investment purposes
Mining News Pro - Bushveld Minerals has satisfied the conditions to draw down $30-million under a production financing agreement (PFA) and the unsecured convertible loan notes of $35-million, to be subscribed by Orion Mine Finance.
-
-
Visit: 753
Aveng may ‘upsize’ R300m recapitalisation should shareholders show appetite
Mining News Pro - Infrastructure and contract mining group Aveng has expressed confidence that its recently unveiled debt restructure and recapitalisation plan will provide the “reset” required for its two remaining core businesses, McConnell Dowell and Moolmans, to begin growing again, with the Australasian region poised to be the main driver of that growth.
-
-
Visit: 514
Edenville warns of potential capital constraints
Mining News Pro - Edenville is nearing the maturity of a funding agreement it signed with Lind Partners in November 2018 for $580 000.
-
-
Visit: 677