Business
Comprehensive business news. The latest gold, copper and metal prices, mining stock, market data and investing news.
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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…
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Bullied to billions, South African mining titan Pinagare Mogodi
Pinagare Mogodi is a South African born businessman and CEO of his self-founded multi-billion Rand mining company, Matsapa-A-Botshelo. But he wasn’t always wealthy, and nor was he born into an…
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Thor Explorations gains 100% ownership of Douta gold project
Thor Explorations Ltd. has agreed to acquire the remaining 30% economic interest in the Douta gold project, in Senegal, from JV partner. The transaction increases Thor’s ownership in the project…
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Akobo Minerals completes financial restructuring
Akobo Minerals AB (publ), the Scandinavian-based gold producer operating in Ethiopia, announces that it has completed its financial restructuring by amending and restating in full the terms of the loan…
