Congo nears deal with Israeli billionaire to recover assets The DRC is in negotiations with Dan Gertler’s Fleurette Group, which controls mining and oil permits throughout the Central African country. Bloomberg News | February 20, 2022 | 10:55 am
Amex closes financing for exploration at Perron gold project in Quebec The C$49.6 million bought-deal private placement is the largest financing in company history. Canadian Mining Journal Staff | February 17, 2022 | 10:47 am
LME warehousers slash capacity as metal stocks drain away Exchange stocks have been draining away as pandemic demand recovery collides with disrupted supply chains across the base metals spectrum. Reuters | February 17, 2022 | 9:54 am
IGO gets Western Areas’ shareholder Wyloo nod for $790m bid Australian billionaire Andrew Forrest-backed Wyloo Consolidated will vote its 9.8% stake in Western Areas in favor of IGO's bid. Reuters | February 17, 2022 | 8:22 am
Newcrest first-half profit nearly halves on lower production, covid costs The gold miner posted an underlying profit of $298 million for the six months ended Dec. 31. Reuters | February 16, 2022 | 2:08 pm
RANKED: World’s top 10 copper mining projects – 2022 Copper is a metal vital to the green energy transition. MINING.com Editor | February 16, 2022 | 11:46 am
Ecuador says mining exports nearly doubled in value in 2021 to $2bn President Guillermo Lasso, a conservative ex-banker, is betting on mining to diversify the country's income streams. Reuters | February 16, 2022 | 9:45 am
Aurubis CEO upbeat as metals demand, prices high Aurubis posted an 85% rise in quarterly profits and reiterated increased 2021/22 earnings estimates. Reuters | February 16, 2022 | 7:13 am
First Quantum hopes for speedy Cobre Panama contract renewal The document, which has yet to be approved by Congress, will see First Quantum pay $375 million a year plus a royalty of 12% to 16% of the mine's gross profits. Cecilia Jamasmie | February 16, 2022 | 7:13 am