Some coal producers are having to set aside tens of millions of dollars to cover their own risks as they are cut adrift by insurers, making it more difficult and costly to do business amid a surge in demand for the fossil fuel. Dozens of insurers have announced...
IGO has released its 2023 financial year (FY23) report, where it achieved “a year of record financial performance”. IGO’s revenue for FY23 reached over $1 billion, and it generated a net profit after tax (NPAT) of $549 million and record underlying earnings before...
Just one day after 29Metals launched a fully underwritten entitlement offer to raise $151 million, the miner has completed the institutional component of the offer. Eligible existing institutional shareholders have subscribed for approximately 97 per cent of their...
Thiess Group has been awarded a $240 million nickel mining contract with PT Halmahera Sukses Mineral in Central Halmahera, Indonesia. The contract marks Thiess’ second successful venture in the Indonesian nickel market this year, after securing the largest nickel...
Platina Resources has announced it will drill three of its gold projects in Western Australia over the next five months after receiving $10.8 million from the recent sale of its scandium project to Rio Tinto. Early phase exploration activities have been...
India has asked the United States to release $26-million belonging to at least two Indian diamond firms frozen due to their alleged trade links with sanctioned Russian diamond major Alrosa, three Indian sources told Reuters. The Office of Foreign Assets Control...
