Business
Comprehensive business news. The latest gold, copper and metal prices, mining stock, market data and investing news.
-
Weir acquires Fast2Mine
The British group The Weir Group PLC, valued at over US$7 billion and present in more than 60 countries, has announced the acquisition of Fast2Mine, a Brazilian company specialised in…
-
Seplat targets US$3 billion investments and aims to increase production by 50%
Nigerian independent Seplat Energy Plc targets investments of up to US$3 billion over five years to develop oil and gas assets acquired from ExxonMobil. Seplat finalised the acquisition of these…
-
Nex Metals signs MoU to operate North Hennai gold project
Nex Metals Explorations, an Australian junior gold miner, announced the signing of a memorandum of understanding to take operational control of the North Hennai gold project in Egypt. Once the…
-
DR Congo to resume cobalt exports on 16th Oct. under strict quotas
The Democratic Republic of Congo will resume cobalt exports on 16th October, after a months-long suspension, but with strict quotas that reset the rules of the global market. The country’s…
-
Wärtsilä signs 5-year agreement to operate power plant for Boto Gold Mine in Senegal
Technology group Wärtsilä has entered a five-year Operation and Maintenance (O&M) agreement with Boto SA, a subsidiary of Moroccan mining group, Managem, for a 23 MW captive power plant at the…
-
Namibia approves Trigon’s $24 million sale of Kombat Mine stake
Namibia’s Competition Commission has approved Trigon Metals‘ plan to sell its 80% stake in the Kombat Mine to the British company Horizon Corporation. The information, confirmed in a statement, marks…
-
Ivory Coast extends the exploitation permit of the Yaouré gold mine
The government of Ivory Coast extended the exploitation permit of the Yaouré gold mine, operated by Australia’s Perseus Mining, by six years. The Council of Ministers announced the decision, bringing…
-
Midas Minerals raises A$11.5 million to fund its acquisition and exploration of the Otavi Copper Project
Midas Minerals has secured firm commitments to raise A$11.5 million (about N$145 million) through a share placement to fund its acquisition and exploration of the Otavi Copper Project in Namibia.…
