Argentinean businessman and entrepreneur Eduardo Elsztain has acquired an initial 5% stake in Challenger Gold and has signalled an intention to take a larger stake pending a more detailed due diligence process. Challenger made a placement of 66.38-million shares at...
Glencore may consider switching its primary listing from London to New York, analysts at Deutsche Bank predicted, in what would be one of the most high-profile exits from the UK exchange to date. Liam Fitzpatrick and colleagues said the...
Ramelius Resources produced 86,928 ounces (oz) of gold in the March 2024 quarter, marking a new record for the company. The gold miner’s previous quarterly record was the 86,516oz it produced in the June 2020 quarter. The March 2024 production figure is...
Rio Tinto will take over management of the Ranger uranium rehabilitation project in the Northern Territory from Energy Resources of Australia (ERA). Under a new management services agreement (MSA), Rio will provide services and advice on the project including...
Canada-focused FireFly Metals has announced A$52-million in funding to accelerate resource growth at its Green Bay copper and gold project, in Newfoundland. The Australia-listed company last week unveiled a share placement of 81.5-million shares at A$0.64 each to...
Iron-ore’s reset to around $100 a ton is indicative of a broader reshaping of China’s commodities markets that favors the new economy over the old. The steelmaking material plunged to $95.40 a ton on Monday, a 10-month low, before nosing back into three figures,...
