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