Antilles Gold Ltd (ASX:AAU, OTCQB:ANTMF) is conducting a pro-rata non-renounceable entitlement issue of a new class of options to fund the exploration of its copper prospects in Cuba. Options will have an exercise price of A$0.10 per option, expiring on June 30, 2025, with eligible shareholders of the company receiving one new option for every three fully paid ordinary shares...
London-listed Aterian has announced results, including 4.43% copper and 3.11% copper from brecciated vein samples, from geological work completed on its Jebilet Est project. The project, which covers an area of 45.2 km2, is located north of Marrakech within the Marrakech-Safi region of Morocco. The project is one of 15 copper, silver and base metal projects owned by Aterian which...
But how might transition metals markets cope? By 2050 the energy transition could see nickel (Ni) demand triple, copper (Cu) demand more than double, and demand for Lithium chemicals grow 700%. The burden on miners of transition metals will be immense and the industry will be transformed as investors scramble to deliver the necessary metal. For battery raw materials in...
Two Sigma Investments LP grew its holdings in shares of Southern Copper Co. (NYSE:SCCO – Get Rating) by 69.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 207,528 shares of the basic materials company’s stock after purchasing an additional 85,178 shares during the period. Two Sigma Investments LP’s holdings in Southern Copper...
Indonesian metal and mining firm PT Trimegah Bangun Persada is set to kick off its initial public offering as soon as Wednesday and is looking to raise about $650 million, according to people familiar with the matter. The company, also known as Harita Nickel, plans to offer shares at 1,220 to 1,250 rupiah each, said the people, who asked not...
Copper prices faltered on Tuesday, unsettled by worries about the knock-on impact of a U.S. banking crisis, a stronger dollar and a slow recovery of demand in top metals consumer China. Three-month copper on the London Metal Exchange CMCU3 shed 0.6% to $8,878.50 a tonne by 1130 GMT after rising by 0.7% on Monday. LME copper has dropped 7% since...
On Monday, global mining group Rio Tinto announced the commencement of underground production from the Oyu Tolgoi copper mine in the Gobi Desert, Mongolia. In a statement, Rio Tinto said that the Prime Minister of Mongolia, Luvsannamsrain Oyun-Erdene, today joined Rio Tinto Chief Executive Jakob Stausholm 1.3 kilometres underground to celebrate this milestone. “Since the agreement between the Government of...
US-based Steel Dynamics has begun construction on a flat-rolled aluminium plant in Mississippi. The project cost is estimated at USD 2.2 billion, with operations expected to get underway in Q1 2025. The site will have an output of 650,000 tons of low-carbon aluminium sheets per year. The move has been received as an extraordinary event in the US aluminium industry...
Nickel companies are driving a record year for public listings in Indonesia, in a crucial test of investor enthusiasm for President Joko Widodo’s ambition to make the country a top participant in the global electric car market. Harita Nickel, a subsidiary of Harita Group with a significant project in North Maluku, is holding its investor roadshow this week and hoping...
China’s copper smelters are preparing to boost exports, a sign its manufacturing and construction sectors aren’t yet making a decisive recovery from the ravages of the past year. The possibility of a powerful rebound in Asia’s biggest economy has fueled a number of bullish calls on the industrial metal since China exited strict Covid curbs late last year. But an...
