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UK fund manager invests further $4m in Pensana

UK fund manager M&G Investment Management will invest a further $4-million in Pensana, which is focused on establishing a sustainable magnet metal supply chain. Pensana will issue 7.25-million new shares to M&G, which is already a shareholder in the...

Palmer sells Qld refinery

 Mining and political personality Clive Palmer has announced the sale of the Yabulu nickel and cobalt refinery, in Townsville, for a reported A$2-billion to Swiss consortium Zero Carbon Investek. While Palmer did not directly disclose the...

European Lithium strikes offtake with BMW

ASX-listed European Lithium has signed an offtake agreement with automotive manufacturer BMW for the supply of battery-grade lithium hydroxide from its Wolfsburg lithium project, in Austria. Under the agreement, BMW has the first right to purchase all...

MC Mining extends Uitkomst sales contract

Coal miner MC Mining has extended its coal sales and marketing agreement between its subsidiary Uitkomst Colliery Proprietary and Overlooked by six months. The marketing agreement was due to expire at the end of December but has now been...

Terrafame to mine uranium in Finland

Finnish mining company Terrafame will start extracting uranium by mid 2024 at its Sotkamo mine in Finland, aiming at output of 200 tons per year by 2026, the company said on Wednesday. Terrafame, in which the Finnish state holds 67.1% and commodities trading firm...