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New Hope’s $55m loss may see Acland mine mothballed

New Hope’s interim profit has plunged to a loss of $55 million for the six months to January 31 as the cost of delays on its Acland expansion added to almost $90 million. New Hope’s profit has dived because of costs associated with AclandThe Brisbane coal...

Euro Manganese raises cash for Czech project

Photo by Bloomberg Euro Manganese will raise C$29-million in a private placement to accelerate work at its Chvaletice manganese project, in the Czech Republic. The company is offering 50-million chess depositary interests (CDIs) each representing one share at a price...

Gold drops as dollar strengthens

Gold declined as the dollar remained resilient and 10-year Treasury yields held near the highest level in more than a year, weighing on the precious metal which doesn’t offer interest. Investors will turn their attention to a heavy slate of bond auctions focused in...

Northern Minerals rare earths to hit export market

Browns Range pilot plant and rare earth carbonate bags. Image: Northern Minerals Northern Minerals is set to deliver heavy rare earth carbonate from the Browns Range mine in Western Australia to thyssenkrupp, as it bounces back from COVID-19 challenges. The company is...

Colombia’s Coal Mining Ambitions Could Backfire

As many developed and even emerging nations aggressively pursue renewable energy targets with a focus on winding down the extraction of fossil fuels, strife-torn Colombia reaffirms that fossil fuel production is crucial to its economic development. In a recent...