Independent diamond producer Lucara Diamond Corp, which owns and operates the Karowe mine, in Botswana, is planning to raise at least $70-million in a private placement of about 437.5-million shares at a price of $0.16 each. The miner notes that trusts settled by the...
US Treasury Secretary Scott Bessent will urge Group of Seven nations and others to step up their efforts to reduce reliance on critical minerals from China when he hosts a dozen top finance officials on Monday, a senior US official said. The meeting, which kicks off...
Just 20 countries produce 80% of the world’s oil, gas and coal. Since 2019, researchers have released regular reports analysing how these governments plan to continue drilling and mining for fossil fuels – and how those plans diverge from the global climate goal set...
It is reported merger talks between Rio Tinto and Glencore are closer than ever, with both companies exploring potential combinations to create the world’s largest miner. Sources told Bloomberg the current round of negotiations is the most serious yet in...
A global copper supply shortfall is set to widen dramatically over the next decade as accelerating electrification, artificial intelligence and rising defence spending collide with declining mine supply, according to a new study by S&P Global. In its...
