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...Endeavour on Thursday said the payment was connected to one of its divestitures in recent years, which a BMO research note said was the Agbaou mine in Ivory Coast, sold in 2021....
...The company operates one mine in Zimbabwe, and bought another last January. The main mine, Blanket, was consistent in 2023 despite power problems, which are common in the country....
...Endeavour owns four operating mines in west Africa. The $5.9mn payment related to the Agbaou mine in the Ivory Coast, which Endeavour sold to Canadian miner Allied Gold....
...Shareholders, wary of overpaying for growth, would prefer companies to mine the market for cheap assets first. alan.livsey@ft.com...
...stance — case of pot calling kettle black / From Alex J Pollock, Senior Fellow, Mises Institute, Lake Forest, IL, US FDIC has a short memory / From Christos Rotsas, Former Member of Parliament, Nicosia, Cyprus...
...Biden hailed McCall on Wednesday as “a friend of mine”....
...Elliott is particularly interested in underfinanced mines....
...“We’ve been on sleep mode for too long and now our membership is energised again,” said Melbye, who is also a senior executive at Uranium Energy Corp, a Texas-based company reopening mines in Wyoming and...
High food prices are preventing core customers from spending on higher margin discretionary items
...The ousting of de Montessus earlier this month came after Endeavour, which operates four gold mines in west Africa, alleged it discovered an irregular payment of $5.9mn made on his instructions in relation...
...Or at least it was until 2015, when the US enacted the American Commercial Space Launch Competitiveness Act which basically said that US citizens have the legal right to mine and sell the resources on asteroids...
...The ousting came after the group, which operates four mines in West Africa, alleged it discovered an irregular payment of $5.9mn made on de Montessus’s instructions in relation to an asset disposal....
...Gina Rinehart has lifted her stake in Liontown Resources, as Australia’s richest person seeks to muscle in on a proposed takeover of a lithium mine developer by Albemarle, the world’s largest producer of...
...Liontown shares halted trading on the Australian stock exchange on Monday as the company looks to complete a fundraising to develop the mine....
...At the same time, copper supply is coming under strain as global copper mines age and become less productive. New mine sites are increasingly remote or politically vexed....
...Brent Berg, president and chief executive of Rare Element Resources, a minerals company, will join Uranium Energy Corp, a North American uranium company, as senior vice-president of US operations....
...Halil Ismail talked to me over a video call from a hotel poolside in Cyprus....
...Analysts believe there is the potential for more mines....
...Twitter was a clown car that fell into a gold mine, then a gold mine that fell to a car clown. Now it’s a metaphor of sorts....
...It estimates that more than 140 reactors could operate longer than previously expected and 35 gigawatt hours of small modular reactors could be developed by 2040, requiring new mines to be developed to meet...
...Nasa, China, India and Russia are among those hoping to mine the Moon for precious minerals such as rare earth metals or helium-3, an isotope that can power nuclear reactors without producing waste....
...“Half of the world’s top gold mines will be in our portfolio.” The deal gives Newmont a greater foothold in copper production, an essential metal for the energy transition....
...Ma’aden and PIF expressed interest in taking a stake in the mine at a gathering in Islamabad for Pakistan’s first mineral conference this month....
...The gold miner, which has mining operations in Russia and Kazakhstan, is incorporated in Cyprus, but is owned by a holding entity that has now switched its domicile from Jersey in the UK’s Channel Islands...
...And the year before, a colleague of mine accidently sent £6bn to a client upon inputting a gross instead of net number. Usually, errant trades are spotted by software....
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