Western miners lag as oil powers enter race for Africa’s critical metals Risk aversion is likely to leave major Western miners lagging in a race to tap Africa's reserves of critical raw materials. Reuters | February 2, 2024 | 9:52 am
First Quantum bonds rally as miner works to free up cash The most liquid notes due in 2031 climbed $0.15 to $0.94 since hitting a low in November. Bloomberg News | February 2, 2024 | 9:37 am
Zambia seeks to restructure Glencore debt with new Mopani investor Zambia is seeking to restructure a $1.5 billion debt owed by Mopani Copper Mines to Glencore. Reuters | February 2, 2024 | 8:38 am
Grupo Mexico profit down 19% on sliding metal prices The firm produced 264,251 metric tons of copper over the quarter, down 2% from a year earlier. Reuters | February 2, 2024 | 7:32 am
Copper-infused innovation helps convert CO2 into ethylene A new energy-efficient carbon dioxide electroreduction system converts CO2 into ethylene for industrial purposes. Staff Writer | February 2, 2024 | 6:06 am
Germany invests $1.1bn to counter China on raw materials The state fund will focus on cobalt, copper, lithium, silicon, rare earths projects, including in extraction, processing and recycling. Bloomberg News | February 2, 2024 | 5:13 am
Bougainville Copper soars on Panguna licence 5-year extension The company is attempting to reopen the giant Panguna mine, believed to hold 5.3 million tonnes of copper and 19.3 million ounces of gold. Cecilia Jamasmie | February 2, 2024 | 3:44 am
British Columbia’s Nisga’a Nation plans Indigenous-majority owned royalty company Vega Mining will acquire from the Nisga’a the rights to five existing annual benefit payment entitlements with projects in the Golden Triangle, in exchange for common shares in Vega’s capital. Blair McBride | February 1, 2024 | 2:58 pm
Base metals drop as investors weigh Fed path, China consumption Industrial metals have had a soft start to the year. Bloomberg News | February 1, 2024 | 2:25 pm
