Banks shying away from fossil fuels bolster private credit deals
Private credit managers are doing significantly more fossil-fuel deals now than just a few years ago, as they step into a void left by banks exiting assets they worry pose too big a climate risk.
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Visit: 66
Metals sanctions are dividing the biggest traders and banks
The latest UK sanctions on Russia are creating new faultlines across the global metals world, in the latest example of how the fallout from the war in Ukraine continues to ripple through commodity markets while creating opportunities for those willing to navigate the restrictions.
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Visit: 233
One big gold seller among central banks has even more to offload
Mining News Pro - In a turnaround that’s already taken it from one of the world’s biggest gold buyers to a top seller this year, Kazakhstan’s central bank is looking to cut the metal’s share to as low as half of its $34.5 billion reserves
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Visit: 136
Reduced appetite from central banks to bring gold demand down in 2023
Mining News Pro - Demand for gold will drop 9% to 4,375 metric tons this year with central banks’ appetite falling from last year’s all-time high, consultancy Metals Focus said, adding that gold prices would be under pressure in the second half of 2023.
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Visit: 149
Trafigura tells its banks they aren’t exposed to nickel fraud
Mining News Pro - Trafigura Group is briefing lenders that none of its banks have direct exposure to the nickel deals at the center of what the commodity trader is calling a systematic fraud perpetrated against it.
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Visit: 236
EU urges European banks to step up funding for critical minerals
Mining News Pro - European Commissioner Thierry Breton urged European financiers this week to provide more funding to suppliers of minerals needed for the energy transition, as the European Union prepares its Green Deal industrial plan.
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Visit: 212
Banks step up trade finance in global commodities boom
Mining News Pro - Major banks are ratcheting up funds for the global commodities trade as Russia’s war in Ukraine drives up prices for everything from crude oil to corn.
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Visit: 681
Gold price bound for worst quarter in five, pressured by central banks’ hawkish rhetoric
Mining News Pro - Gold experienced a relatively larger decline on Thursday following a string of sluggish sessions this week, and is now headed for its worst quarter in five as the hawkish tone from global central banks continues to dim the metal’s appeal.
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Visit: 522
Central banks to increase gold holdings over crisis concerns
Mining News Pro - Central banks see gold as a reserve asset and will likely increase their holdings of the metal in the next twelve months, according to a survey by the World Gold Council.
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Visit: 718
Yamana wants banks to improve terms after S&P upgrade
Mining News Pro - Yamana Gold Inc., which operates mines in four countries including Canada and Argentina, is seeking better terms from lenders including Bank of Nova Scotia and Citigroup Inc. after earning an upgrade from S&P Global Ratings.
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Visit: 542
Tianqi Lithium said to pick banks for Hong Kong listing
Mining News Pro - Tianqi Lithium Corp., a Chinese supplier of the key material used in batteries, has selected banks for a share offering in Hong Kong that could take place as soon as mid-2022, according to people familiar with the matter.
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Visit: 740
Tianqi Lithium said to pick banks for Hong Kong listing
Mining News Pro - Tianqi Lithium Corp., a Chinese supplier of the key material used in batteries, has selected banks for a share offering in Hong Kong that could take place as soon as mid-2022, according to people familiar with the matter.
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Visit: 380
Britain carves out exemption for gold clearing banks from Basel III rule
Mining News Pro - A British regulator said on Friday that banks clearing gold trades in London could apply for an exemption from tighter capital rules due in January 2022, removing what some said was a threat to the functioning of the market.
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Visit: 624
Monadelphous banks BHP, Rio Tinto contracts
Mining News Pro - Monadelphous has secured contracts worth $215 million with a list of multinational miners, including BHP, Rio Tinto and Fortescue Metals Group (FMG).
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Visit: 460
Artemis selects banks for $360m Blackwater project loan
Mining News Pro - Artemis Gold has selected two banks to arrange a C$360-million project loan facility to fund a significant portion of the estimated construction costs of its Blackwater project, in central British Columbia.
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Visit: 581
The mother of all gold opportunities as central banks walk the line
Mining News Pro - Envision if you will a man with a bright red face … at first glance you might think he is in excellent health, glowing even … and on the other hand, it might suggest he has a fever … two completely opposite interpretations from the same facts … so to decide, you fall back on context. The same might be said of financial markets. Inflation can signal a robust economy or it could also signal trouble. The same might be said of bond yields.
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Visit: 636
Lucapa banks record carat price at Mothae
Mining News Pro - Lucapa Diamond Company has reaped $US5.6 million ($7.2 million) from this year’s first sale of diamonds from the Mothae kimberlite mine in Lesotho, Africa.
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Visit: 851
Lucapa banks $9 million from Lulo diamond sale
Mining News Pro - Lucapa Diamond Company has sold 4269 carats of diamonds from the Lulo alluvial mine in Angola.
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Visit: 891
Burbanks North approved
Mining News Pro - Junior Barra Resources has been given approval to mine at its Burbanks North deposit, at the Burbanks gold project, by the Western Australian Department of Mines, Industry Regulation and Safety.
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Visit: 728
Banks don’t want to lend to Australia’s coal miners any more
Mining News Pro - Financing options open to Australia’s coal operators dwindled further after another of the country’s largest banks said it would end almost all investment in thermal mines and power stations by 2030.
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Visit: 1030
Gold-buying by central banks seen climbing from near decade low
Mining News Pro - Gold buying by central banks, an important driver of bullion’s advance in recent years, is forecast to pick up in 2021 after a slowdown this year.
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Visit: 1151
Lucapa banks $US5.6m in Lulo diamond sales
Mining News Pro - Lucapa Diamond Company has scored $US5.6 million ($7.9 million) in sales from its latest offering of diamonds from the Lulo mine in Angola, Africa.
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Visit: 713
Sandfire banks on growth as copper recovers
Mining News Pro - Sandfire Resources is well positioned to take advantage of a recovery in copper prices, which have improved by 35 per cent since the lows experienced during the COVID-19 pandemic this year.
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Visit: 681
Sandfire banks on growth as copper recovers
Mining News Pro - Sandfire Resources is well positioned to take advantage of a recovery in copper prices, which have improved by 35 per cent since the lows experienced during the COVID-19 pandemic this year.
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Visit: 662
Banks arranging $325m for Horizonte’s Brazil nickel project
Mining News Pro - Horizonte Minerals announced on Wednesday that it has executed a mandate to arrange a senior secured project finance facility of up to $325 million to fund the construction and development of its flagship Araguaia nickel project in Para state in Brazil.
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Visit: 1167