The allocation of $500 million each to the coal-dependent countries will come in the form of “concessional,” or low cost, finance, the World Bank-affiliated fund said in a statement.
Gold Fields CEO Chris Griffith says he “remains confident" and hopes to get the majority of investors on board by the time shareholders vote on the transaction.
Transnet has come under fire from exporters of bulk commodities because it can’t supply them with adequate rail capacity at a time when demand is booming.
Sumitomo wants to start making materials for a cheaper type of battery -- containing no nickel -- that’s poised for global popularity after storming the world’s top EV market, China.
The financial chiefs of First Quantum Minerals and Lundin Mining noted a shifting trend on costs for mine supplies during their third-quarter earnings calls.
