Nervous bankers leave the gold market stuck in disconnect

Mining News Pro - Gold has rarely been a hotter trade, but the world’s two most important markets remain out of sync. In New York, the price of gold topped $1,750 for the first time in seven years on April 9. In London, it still hasn’t caught up.

Coal India faces challenges in finding merchant bankers for planned overseas acquisitions

Mining News Pro - State-miner Coal India Limited’s (CIL’s) planned investment in overseas coal assets is facing stiff speed-breakers, with global merchant bankers unwilling to take up an advisory and due diligence mandate for the so-called ‘dirty fuel’.

Ex-Goldman banker may finish huge gold deal five years later

Mining News Pro - The man proposing to buy Newmont Mining Corp. in the world’s biggest gold takeover is the same person who was blamed for the deal falling apart five years ago — Barrick Gold Corp. Chairman John Thornton.

Bankers have gone AWOL in the race to build more lithium mines

Mining News - MELBOURNE – After clinching a deal with a Chinese battery maker in 2016, James Brown figured bankers would be eager to fund his new lithium mine. Altura Mining was racing to ship the raw material from Australia to the world’s biggest electric vehicle market as demand was surging.

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