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...EU member Romania on Friday awarded a mining concession to Verde Magnesium, a Bucharest-based company backed by US private equity investor Amerocap....
...New Delhi is pushing state-owned mining groups to pursue mineral reserves in South America and Africa as well as inviting bids to develop domestic mining blocks as it seeks to expand industries such as electric...
...Endeavour Mining stripped de Montessus of remuneration worth $29.1mn....
...But the biggest miners, such as Newmont and Barrick, haven’t enjoyed the same success. Shares of Denver-based Newmont Mining have fallen into a pit, down 25 per cent over one year....
...Elliott Management is setting up a company to hunt for global mining assets in the range of at least $1bn, as it seeks to take advantage of the depressed valuation of groups operating in the sector, people...
...His comments come as Newmont closes the largest deal in the industry’s history — the $19bn purchase of Australia’s Newcrest Mining — solidifying the company’s claim as the biggest player in the space....
...Any deal for the company would have to get the approval of South Africa, which doesn’t seem keen on the prospect of BHP owning the company....
...[MUSIC PLAYING] Microsoft and Alphabet beat out Meta this week, and a proposed merger of two big companies could reshape mining....
...BHP has proposed a £31bn takeover of Anglo American that would bring together two global mining companies and rank as one of the industry’s largest transactions in years....
...One Continent Investments owns 49 per cent of Nere Mining, a company that bought the Karma mine in Burkina Faso from Endeavour in 2022, according to the miner’s annual report....
...Mining M&A only tends to generate large cost savings when the two companies’ operations are in close geographical proximity to one another....
...Plus, a merger between mining giants BHP and Anglo American could get investors excited about the industry again....
...HOLD: Caledonia Mining Corporation (CMCL) The Zimbabwean gold miner is growing, but was buffeted by operational difficulties and higher costs, writes Alex Hamer....
...This disrupted plans by foreign companies to acquire the companies, and she is now seen as a significant force in the development of lithium, a key material for electric vehicles, in Australia....
...Mining and trading group Glencore recorded a big increase in carbon emissions last year after it expanded coal production and restarted an oil refinery in South Africa that was closed by an explosion....
Miners are battling to whittle down the oversupply of gems
...Australian mining billionaire Andrew Forrest has called on China to demand higher environmental standards from its global supply chain, particularly its companies conducting nickel processing in Indonesia...
...for every share in the Australian company....
...London should ditch aspirations to be a global centre for technology company listings and instead focus on reversing the flight of mining groups to Australia and Canada, says the head of a UK private equity...
...As prices fall, the companies can only awkwardly point out that these metals now matter less and less to the group’s profits....
...Producers are buyers,” said Nick Lawson, chief executive of Ocean Wall, an investment house, in a reference to mining companies buying uranium supply to meet their supply obligations....
...The California-based company is valued at $1.15bn, and also counts BHP, the world’s largest mining group, and oil major Equinor, as investors....
...Rio Tinto’s board has approved the world’s biggest mining project in west Africa, chief executive Jakob Stausholm said as he outlined the company’s ambition to produce iron ore from the $20bn development...
...Jim Luke, fund manager at Schroders, wrote in a recent note that “dismal western sentiment” on gold and poor operational delivery by the sector’s leading companies were behind the low valuations....
...out, according to executives from mining companies and trading houses, as well as a senior US government official....
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