Business
Comprehensive business news. The latest gold, copper and metal prices, mining stock, market data and investing news.
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Oregen Energy positions itself at the heart of Namibia’s oil boom
Namibia’s Orange Basin has become one of the most closely watched oil frontiers in the world, with large-scale discoveries by Galp, TotalEnergies and Shell pointing to billions of barrels of…
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Zimbabwe signs a US$455 million to rehabilitate Hwange thermal power plant
Zimbabwe has finalised a US$455 million, 15-year partnership with Jindal Africa, the African subsidiary of India’s Jindal Steel. This agreement targets the rehabilitation of the 920 MW Hwange coal-fired thermal…
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Ivanhoe Mines announces US$500 million strategic investment from QIA
Ivanhoe Mines announced a US$500 million investment from Qatar Investment Authority (QIA), the sovereign wealth fund of the State of Qatar. In accordance with the investment, Ivanhoe Mines will issue…
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Peak Rare Earths rejects US$160 million U.S. bid, favors China’s Shenghe
Peak Rare Earths, the operator of the Ngualla rare earths project in Tanzania, has rejected a A$240 million (about US$160 million) bid from General Innovation Capital Partners (GICP), a U.S.…
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Paladin Energy raises equity while ramping up Langer Heinrich Mine’s operations
Paladin Energy Ltd. has launched a fully underwritten A$300 million equity raising to provide general working capital while ramping up the Langer Heinrich Mine into full mining and processing plant…
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Bowmans wins African Legal Award for Property and Construction Team of the Year
Pre-eminent African law firm Bowmans has once again been recognised for its deep understanding of the continent’s regulatory environment and contribution in solving its most complex legal challenges. At the…
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Critical One Energy acquires 18.5% interest in Dark Star Minerals
Critical One Energy Inc., a leading Canadian exploration company focused on critical metals and minerals, is pleased to announce its acquisition of an 18.5% interest in Dark Star Minerals Inc.,…
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Mulilo secures US$400 million facility from Standard Bank for renewables in South Africa
Mulilo, a leading South African renewable energy developer and independent power producer (IPP), has secured a landmark corporate facility from Standard Bank, Africa’s largest bank by assets. Standard Bank will…
