Canadian miner First Quantum Minerals is exploring a rights issue as it seeks to strengthen its balance sheet, following the closure of a key mine in Panama last month that accounted for about 40% of its revenue, two sources familiar with the matter told Reuters. The...
The Cerro Matoso mine, in Colombia, a major ferronickel producer, is undergoing a strategic review in response to ongoing nickel market shifts that are putting pressure on prices. South32, the mine’s owner, announced that the review aims to “evaluate options to...
Yancoal upped coal production by four per cent in the December quarter, closing out the year with a $477 million cash boost. The miner hit its stride with an average realised coal price of $196 per tonne (t) for the quarter and $232/t for the year. “Output from our...
Epiroc has added a new type of service agreement offering to its portfolio of electrification solutions, providing customers with an opportunity to own the battery and benefit from the latest updates and service. Batteries with Service can be applied on both Epiroc...
Canada recently formally gave the giant Arctic territory of Nunavut control over its reserves of gold, diamonds, iron, cobalt and rare earth metals, a move that could boost exploration and development. Prime Minister Justin Trudeau signed a devolution...
US-headquartered Peabody has closed a new $320-million senior revolving credit facility, enhancing its financial resiliency during the period of investment at its Centurion mine, in Queensland, Australia. Formerly known as North Goonyella, the Centurion mine is a key...
