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TRANSNET, South Africa's state-owned ports and rail company, posted an interim R2.2bn loss for the six months ended September, R600m worse than in the...
Hummingbird takeover offer to be declared unconditional
3 days ago · THE delisting of Hummingbird Resources moved a step forward on Friday after the gold miner’s main shareholder Nioko waived outstanding conditions on its takeover offer of 2.6777 pence per share in cash.. As a result, the offer will be unconditional once it is made. Offer documents are expected to be issued to shareholders by January 13. Another proposal to convert Hummingbird’s debt to ...
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Dec 11, 2024 · Miningmx is a digital publication which provides independent news and analysis related to the African mining sector. The publication does not republish the content of other news vendors and focuses on producing best content through its network of independent journalists.
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Miningmx is a digital publication which provides independent news and analysis related to the African mining sector. The publication does not republish the content of other news vendors and focuses on producing best content through its network of independent journalists. The scope of the news and analysis is around commodity markets and corporate developments of […]
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Miningmx is a digital publication which provides independent news and analysis related to the African mining sector. The publication does not republish the content of other news vendors and focuses on producing best content through its network of independent journalists.
Gates’ Kobold Metals raises $537m in latest funding round
4 days ago · KOBOLD Metals has raised $537m in its latest funding round as it seeks to become a key player in the race for the critical minerals needed for the energy transition, said the Financial Times on Wednesday.. The company, which has Bill Gates and Jeff Bezos as backers, is valued at $2.96bn following the funding. The capital raise was co-led by existing investor T Rowe Price, which has been joined ...
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Miningmx is a digital publication which provides independent news and analysis related to the African mining sector. The publication does not republish the content of other news vendors and focuses on producing best content through its network of independent journalists.
Global miners facing 80% haircut in 2023/24 - Miningmx
Jun 25, 2024 · NET profits earned by the world’s 40 biggest miners plunged by 44% in 2023 compared with 2022 and are expected to drop by another 36% in 2024 on a combination of lower commodity prices and above-average inflation, PwC said in its annual Mine 2024 report.. It said total revenues of the world’s top 40 mining companies fell by 7% in 2023 compared with 2022 and are expected to slide another 6% ...
The Mining Yearbook 2023 - Miningmx
Miningmx is a digital publication which provides independent news and analysis related to the African mining sector. The publication does not republish the content of other news vendors and focuses on producing best content through its network of independent journalists.
First Quantum to sell $1bn in shares in effort to keep afloat
Feb 22, 2024 · FIRST Quantum Minerals is to sell $1bn in shares and raise a further $1.6bn from an offering of notes in an effort to strengthen its balance sheet.. This is following the shock closing of its Cobré Panama mine in December after the Central American government said the terms of the group’s mining licence at Cobré Panama violated certain principles of the constitution.