Business
Comprehensive business news. The latest gold, copper and metal prices, mining stock, market data and investing news.
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ILC to acquire 80% stake in Namibia’s Karibib lithium project
In September 2024, Lepidico engaged Jefferies International to help maximise the value of its Karibib lithium project in Namibia. The plan then included selling the project or divesting a portion…
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Atlantic Lithium highlights meaningful progress despite tougher market
Atlantic Lithium Ltd. reported meaningful progress, despite challenging delays and a tougher lithium market, highlighted that it is on the cusp of advancing a development timeline for its Ewoyaa project, in Ghana, that’s…
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Barrick to sell Hemlo Gold Mine
Barrick Mining Corporation has reached an agreement to sell the Hemlo Gold Mine in Canada to Carcetti Capital Corp., which is to be renamed to Hemlo Mining Corp. (“HMC”) upon…
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Gladiator Resources is in talks to sell its uranium assets at Mkuju
Gladiator Resources is in discussion with several groups over the sale of its uranium exploration assets in the Mkuju area of Tanzania. The Australian mining firm highlighted “strong interest” from potential…
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Egypt’s Elsewedy Electric to invest US$2.5 billion in Algeria’s energy sector
Egyptian group Elsewedy Electric and Algeria’s Investment Promotion Agency (AAPI) signed a memorandum of understanding for US$2.5 billion of investments in Algeria. The agreement, signed on the sidelines of the…
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Anglo American and Teck to merge into Anglo Teck
British miner Anglo American and Canada’s Teck Resources announced on 9th September their merger to create Anglo Teck, a mining group valued at more than US$50 billion. If completed, the…
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Arrow Minerals halts Guinea bauxite project amid permit uncertainty
Arrow Minerals has suspended all activities at its Niagara bauxite project in Guinea pending the resolution of a dispute over the status of its mining permits, the Australian junior miner…
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Blencowe hires WaterBorne to fund US$62 million Uganda graphite project
Blencowe Resources announced it had hired South African advisory firm WaterBorne Capital to help finance its Orom-Cross graphite project in Uganda. The firm will be tasked with structuring and securing…
