The Philippines should have bigger mines to encourage investment in the downstream sector, according to tycoon Manuel Pangilinan, who says the resource-rich Southeast Asian nation should take advantage of brisk demand for electric vehicles.

Tuesday, February 20, 2024 - 19:40:03

Visit: 103

Wyloo Metals Pty Ltd., the private nickel producer owned by billionaire Andrew Forrest, is shutting down its Western Australian mines due to a sharp slump in prices for the key transition metal.

Monday, January 22, 2024 - 22:49:01

Visit: 102

Mining News Pro - Egyptian billionaire Naguib Sawiris, the northern African country’s second-wealthiest person, is said to be seeking a stake in the $7 billion Reko Dick copper-gold project, jointly owned by Barrick Gold and Pakistan.

Tuesday, October 17, 2023 - 22:28:38

Visit: 148

Mining News Pro - PT Rajawali Corp., an Indonesian conglomerate owned by tycoon Peter Sondakh, is considering selling its controlling interest in gold miner PT Archi Indonesia, according to people with knowledge of the matter.

Sunday, October 15, 2023 - 21:29:00

Visit: 110

Mining News Pro - JSW Steel Ltd. is on the lookout for coal assets globally as the tycoon Sajjan Jindal-led mill seeks to tie up raw material supplies for its expansions in India.

Tuesday, July 25, 2023 - 22:38:48

Visit: 188

Mining News Pro - Formula One mogul Bernie Ecclestone put up millions of dollars to backstop a series of gold transactions that made “no commercial sense,” prosecutors said at a trial into one the U.K.’s biggest money laundering operations.

Saturday, May 7, 2022 - 13:40:00

Visit: 884

Mining News Pro - Before the pandemic began, Low Tuck Kwong tried — and failed — to sell a stake in his Indonesian mining company. Unable to find the right buyer, he decided to double down, adding shares instead of paring them.

Tuesday, April 19, 2022 - 11:59:31

Visit: 477

Mining News Pro - Banks led by JPMorgan Chase & Co. are in advanced talks for a loan facility to backstop Xiang Guangda’s short position in nickel, in an attempt to restore stability to the market after an unprecedented squeeze.

Tuesday, March 15, 2022 - 12:48:24

Visit: 400

Mining News Pro - Xiang Guangda’s wrong-way bet on nickel futures helped trigger one of the wildest commodity price spikes in history.

Friday, March 11, 2022 - 13:17:07

Visit: 540

Mining News Pro - Diamond and mining tycoon Beny Steinmetz, who was convicted of minerals rights-related bribery in January by a Swiss court, was arrested last month in Greece when his private jet landed at Athens airport.

Friday, December 10, 2021 - 12:52:50

Visit: 498

Mining News Pro - In December, the government of Zimbabwe announced a multibillion-dollar project called Kuvimba Mining House that would hold some of the nation’s most valuable gold, platinum, chrome and nickel mines and whose revenue would be used to revive the country’s moribund economy.

Tuesday, May 11, 2021 - 14:01:52

Visit: 471

Mining News Pro - Beny Steinmetz was found guilty of bribing a public official to secure an iron-ore mine in Guinea worth billions of dollars.

Monday, January 25, 2021 - 10:52:25 PM

Visit: 785

Mining News Pro - A U.K. judge dismissed efforts by mining tycoons to stop British prosecutors from bringing charges in a wide-ranging investigation into fraud, bribery and corruption, bolstering the Serious Fraud Office in one of its longest-running and most sensitive investigations.

Wednesday, November 6, 2019 - 12:09:49 PM

Visit: 674

Mining News Pro - Kazakh mining company Eurasian Natural Resources Corp. has asked a British court to stall the U.K.’s pursuit of corruption charges following a six-year bribery investigation.

Wednesday, August 14, 2019 - 12:54:38 PM

Visit: 729