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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....
...Endeavour Mining stripped de Montessus of remuneration worth $29.1mn....
...“The LSE has a comparatively low appetite for mining investment and is no longer suitable as the company’s primary bourse,” he added....
...Vale faces a £3bn lawsuit in the Netherlands from 77,000 claimants over the 2015 Mariana dam collapse in Brazil, opening a new front in legal action against the mining group and its project partner BHP over...
...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....
...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....
...HOLD: Caledonia Mining Corporation (CMCL) The Zimbabwean gold miner is growing, but was buffeted by operational difficulties and higher costs, writes Alex Hamer....
...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....
...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...
...As prices fall, the companies can only awkwardly point out that these metals now matter less and less to the group’s profits....
...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...
...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....
...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...
...out, according to executives from mining companies and trading houses, as well as a senior US government official....
...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...
...The debt reduction plan aims to pave the way for the Swiss group to spin off a separate coal company in the second half of 2026, in what would be its most radical restructuring since buying mining group...
...However, the company warned that it “does not believe that any of these options are likely to recover any value for the company’s shareholders”....
...Endeavour Mining, one of London’s largest listed gold producers, has fired boss Sebastien de Montessus after discovering that he instructed an irregular multimillion dollar payment and receiving allegations...
...De Montessus was the highest paid CEO in the FTSE 100 in 2021, despite Endeavour being a fraction of the size of the index’s largest companies....
...Mining as a whole is going through the glum end of the commodity cycle....
...The more transactions taking place on the network in the future, the better equipped mining companies’ businesses will be to fend off future halving events....
Mining groups have begun to look elsewhere for growth
...Rio Tinto’s share of the total cost is forecast to be $6.2bn, more than the company’s entire annual capital expenditure in some of the past five years....
...One of the reasons for the size of his remuneration in 2021 was the company giving him a one-off payment of $10mn....
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