Congo and China talking $7 billion in finance, Tshisekedi says

China and Democratic Republic of Congo are discussing $7 billion in financing as part of a renegotiated minerals-for-infrastructure deal, President Felix Tshisekedi said Saturday at his second inaugural address in the capital, Kinshasa.

US, Australia consider tapping public finance vehicles for critical mineral projects

Mining News Pro - The US Export-Import Bank is being eyed as a venue for boosting investment in Australian critical minerals development to supply components needed in electric vehicles, wind turbines and other technology, Australia’s resource minister said.

Africa needs $700 billion of finance for green energy and metals

Mining News Pro - Africa will need more than $700 billion in finance over the next decade to develop renewable power and mines to extract the metals required for the green energy transition, according to Standard Bank Group Ltd.

Sierra Metals halts 2022 production and finance guidance on Peru mine blockade

Mining News Pro - Sierra Metals Inc. said a group of residents from the Peruvian town of Alis are blocking the access to its flagship Yauricocha copper mine, where production has been suspended for over a week.

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.

China’s coal support continues with $31B finance promise

Mining News Pro - China continues to set itself apart from global peers when it comes to coal, allocating more than $31 billion (200 billion yuan) in financing at a time when most global banks are shunning the fuel.

Rich countries fall $10bn short in climate finance pledges

Mining News Pro - Rich countries are racing to close a climate-finance shortfall of at least $10-billion, with a handful of European nations planning to increase their pledges this month ahead of crucial talks in Glasgow, Scotland, according to people familiar with the plans.

From minerals to beer, Congo finance minister hunts for cash

Mining News Pro - The Democratic Republic of Congo is intent on revisiting mining contracts, rescinding and reselling unused oil permits and boosting taxes on beer to fund its development plans, according to Nicolas Kazadi, the country’s finance minister.

BLSA reiterates support for govt, new Finance Minister

Mining News Pro - Business Leadership South Africa (BLSA) CEO Busi Mavuso has reiterated the organisation’s commitment to supporting government in the development of policy that can drive the country’s economic recovery.

Project launched to define role of finance in South Africa and India’s ‘just transitions’

Mining News Pro - Anew multi-partner initiative has been launched with the aim of defining the role that finance can and should play in supporting both South Africa and India’s aspirations to implement “just transitions” to more climate-resilient economies.

ScoZinc pursuing project finance talks for Scotia mine

Mining News Pro - ScoZinc remains in active discussions with various capital providers for the Scotia project, near Halifax, the company said on Friday.

Bushveld enters into $30m financing agreement with Orion Mine Finance

Mining News Pro - Bushveld Minerals has signed a long-term production financing agreement (PFA) of $30-million with mining-focused investment business Orion Mine Finance, primarily to finance its expansion plans at its Vametco operations, in South Africa, and to pay down some of its debt.

Eskom’s new just energy transition office assessing green finance options for repurposing of old coal stations

Mining News Pro - Eskom CEO Andre de Ruyter reports that the State-owned utility’s newly created just energy transition (JET) project office is evaluating green financing options that could help accelerate the deployment of renewables and facilitate the repurposing of its older coal plants in ways that improve Eskom’s sustainability and sustain livelihoods in coal mining towns.

Joint ventures on the increase in mining finance, says industry specialist

Mining News Pro - A number of alternative sources of finance, such as strategic investments, joint ventures and equity based fundraisings, are available to mining companies, but what do miners need to know before they take the plunge?

Lithium miner finances solar farm in Argentina

Mining News Pro - Minera del Altiplano, which operates Livent’s Fenix project at the Salar del Hombre Muerto (Deadman’s Salt Flat) in Argentina’s Catamarca province, is the financial force behind a soon-to-be-open, 600.3-kilowatt solar farm in the town of Antofagasta de la Sierra.

Chilean miner Mantos Copper secures $250m to finance concentrator expansion

Mining News Pro - Private Chilean copper producer Mantos Copper has secured $250 million to fund the expansion of the sulphides concentrator at its Mantos Blancos operation, which will extend the life of the open-pit mine until 2035 and reduce costs.

Cornish Lithium turns to crowfunding to finance UK project

Mining News Pro - Cornish Lithium, a start-up hoping to lead the development of an industry for the battery metal in the UK, became on Friday the first British miner to launch a crowdfunding campaign to finance its hunt for the commodity in the ancient mining region of Cornwall, in south-west England.

Nordic Investment Bank loans almost €100 million to Epiroc to finance mining technology R&D

Mining News Pro - The Nordic Investment Bank (NIB) has provided a SEK 1 billion (EUR 96 million) loan to the Swedish mining equipment company Epiroc to finance the company’s R&D investments in Sweden during 2018-2021.

sponge iron of Baft County will be completed on completion of the year if it is financed

Mining News Pro - The Commander of the Khatam Headquarters announced the 87-percent improvement in the 800,000-tonne SpongeBob project.

Utilization of 133 industrial projects financed by the Bank of Industry and Mines

Mining News Pro - 133 industrial projects with 29,761,905 dollars. Facilities of the bank of industry and mining in different parts of our country during the last year was exploited.

Coal miners to see improved finances: BMI

Mining News Pro - A new report by BMI Research states that despite coal being an increasingly targeted commodity on environmental protection grounds, the demand remains strong due to the economic aspect of the fossil fuel and therefore producers will see improving financials over the coming years.

Consortium activities consisting of 9 banks to finance the Gulf Pipeline / Project will be operational next year.

Mining News Pro - The national sweetening and transfer pipeline project of the Persian Gulf to the central and desert provinces of the country with a credit of more than 18 trillion Rials with the participation of 9 banks in the form of a consortium is underway and is scheduled to be operational in 2019.

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