Business
Comprehensive business news. The latest gold, copper and metal prices, mining stock, market data and investing news.
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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…
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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…
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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…
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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…
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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.…
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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…
