Zimbabwe’s Bindura Nickel sounds alarm on going concern status
THE board chairman of Bindura Nickel Corporation (BNC) said the mining company's going concern status was in doubt as its current liabilities exceed current...
Orion Minerals switches up ‘investment grade’ after raising R110m
ORION Minerals raised A$11m (R110m) in a share placement and swapped debt for equity with a lender in a development the firm's chairman said...
Orion Minerals heads for capital market as share doubles in a...
ORION Minerals opted to raise capital earlier rather than later after announcing today its share had been suspended ahead of an announcement regarding the...
US risked Chinese battery monopoly had Gertler dispute escalated
GLENCORE'S workaround the US sanctions placed on Dan Gertler, the Congo's mining tycoon, was a remarkable piece of pragmatism on behalf of the Swiss...
South32 unveils $1.3bn all cash bid for zinc firm, Arizona Mining
SOUTH32 today unveiled a $1.3bn all-cash swoop on Arizona Mining, a US-based zinc development firm in which the Johannesburg- and Perth-listed group had previously...
Glencore’s legal workaround over US-sanctioned Gertler secures Congo assets
GLENCORE was confident it had avoided another potential crisis in the strategically important mining district of the Democratic Republic of Congo (DRC) as it...
Gécamines’ Yuma calls on foreign miners to revisit JV deals
GÉCAMINES, the Democratic Republic of Congo's state-owned base metals miner, has urged foreign investors to renegotiate the terms of joint ventures saying that current...
Anglo pre-funds $600m of Quellaveco in Mitsubishi share deal
ANGLO American is to sell a 21.9% stake in its Quellaveco copper project in Peru to Mitsubishi increasing the Japanese firm's stake in the...
Analysts laud Glencore, Gécamines deal as Congo de-risked
THE net cash impact of Glencore's debt forgiveness agreement with the Democratic Republic of Congo's (DRC's) state-owned Gécamines was $190m to $250m, according to analysts...
Glencore cancels Congo debt of $5.6bn in Gécamines equity deal
SWISS-based mining and marketing firm, Glencore, has headed off potentially disruptive legal action with Gécamines by agreeing today to dissolve $5.6bn in debt and...