Centerra’s Kyrgyz units seek bankruptcy protection over Kumtor mine expropriation

Canada’s Centerra Gold (TSX: CG) announced late on Monday that its Kyrgyz subsidiaries have filed for bankruptcy in New York to protect investors and restructure the company, whose Kumtor gold mine was seized by the former soviet nation last month.

Shareholders call on Standard Bank to table advisory resolution on climate risk

Mining News Pro - Three Standard Bank asset manager shareholders, together with shareholder activist organisation Just Share, have co-filed a nonbinding advisory shareholder resolution ahead of the bank’s annual general meeting (AGM) on May 27.

Nedbank makes pioneering ‘zero fossil

South Africa’s Nedbank Group released an ambitious new energy policy on April 22, containing a commitment to reduce its exposure to all fossil fuels to zero by 2045, as well as a pledge to halt all new thermal coal-mine financing by January 1, 2025.

Australia’s lithium miners bank on brighter times ahead as prices soar

Mining News Pro - Australian-listed lithium miners are preparing for better times ahead, filings showed this week, as they outlined expansion plans in the wake of soaring prices for the raw material used in electric vehicle batteries.

Australia`s lithium miners bank on brighter times ahead as prices soar

Mining News Pro - Australian-listed lithium miners are preparing for better times ahead, filings showed this week, as they outlined expansion plans in the wake of soaring prices for the raw material used in electric vehicle batteries.

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.

Samarco files for bankruptcy protection

Mining News Pro - Samarco Mineracao SA, a joint venture between Brazilian miner Vale SA and BHP Group Ltd, has filed for bankruptcy protection to prevent creditors’ claims from affecting its operations, Vale said in a Friday securities filing.

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.

Cimento Tupi files for bankruptcy

Mining News Pro - Cimento Tupi has filed for so-called preventative bankruptcy to deal with its US$627m total debts, with the majority attributable to bondholders. The Valor Economico newspaper has reported that the cement producer has suffered due to a downturn in the sector since 2014 and currency depreciation.

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.

Zimbabwe central bank to form new gold refining unit, sell shares to miners

Mining News Pro - Zimbabwe`s central bank will unbundle its gold refining and printing unit into two separate companies and sell a majority stake in the new gold refinery business to miners, governor John Mangudya said on Wednesday.

Sasol keeps rights-issue powder dry having ‘banked’ $3bn in disposals

Mining News Pro - Debt-laden chemicals and energy group Sasol is keeping its rights-issue powder dry, indicating on Wednesday that a final decision on any possible issuance, including its scale, will depend on various factors, including whether or not it is successful in completing yet more asset disposals.

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.

Peabody may be flirting with bankruptcy

Mining News Pro - Experts from the US-based Institute for Energy Economics and Financial Analysis published a commentary stating that Peabody Energy, —the world’s largest private coal miner— seems to be flirting with bankruptcy just three-and-a-half years after emerging from its previous default.

Former World Bank exec joins Barrick board

Mining News Pro - Bullion major Barrick Gold has appointed Anne Kabagambe, a former World Bank executive, as an independent director.

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.

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.

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.

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.

Parsian Bank to support market activist and knowledge-based companies

Mining News Pro - The research director of Parsian Bank said that their company will supply facilities for activists.

Friedland’s Nimba iron ore project to get World Bank backing

Mining News Pro - The World Bank is said to be mulling an $135 million investment in the proposed Nimba iron ore mine in southeastern Guinea, which is owned by Canada’s High Power Exploration (HPX), a privately-held company founded my mining mogul Robert Friedland.

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.

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.

Scotiabank compliance failed to stop gold spoofing, US says

Mining News Pro - Bank of Nova Scotia’s compliance officers failed to stop its precious metals traders from manipulating markets despite having information about the activity, according to the US government.

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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