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Akobo Minerals secures first phase of Segele project financing

By: Tasneem Bulbulia     Updated 4 hours ago Scandinavian gold exploration and boutique mining company Akobo Minerals has secured a convertible loan of NKr49.18-million, or about $5-million, to fund the first phase of the Segele mining operation in Ethiopia. The remaining $7-million for the final phase of the project is contemplated to be... 

BlueRock signs loans note subscription agreement for £1.6m

By: Tasneem Bulbulia     Updated 5 hours ago Aim-listed BlueRock Diamonds has signed a loan note subscription agreement with Teichmann Company, T-Three-Drilling and three Teichmann employees, for an aggregate £1.6-million. Under the subscription agreement, BlueRock will initially issue a £1-million simple loan note (SLN) to Teichmann... 

Iron-ore hits 2022 low

By: Reuters     Updated 5 hours ago Iron-ore slumped on Wednesday to its lowest level this year in Singapore as China faces fresh Covid-19 flare-ups in several areas including Shanghai, stoking concerns over further lockdowns in the world's biggest steel producer. Growing prospects of a global recession also weighed on most... 

Metals extend losses as global recession fears damp outlook

By: Bloomberg     5th July 2022 Copper fell to the lowest level in 17 months, with metals extending losses as global recession fears continue to damp the demand outlook for commodities. Sentiment remains sour for the industrial materials used in everything from construction to new energy vehicles. Copper, widely considered an... 

Alphamin achieves record quarterly output, declares dividend

By: Tasneem Bulbulia     5th July 2022 TSX-V- and AltX-listed Alphamin Resources achieved record quarterly tin production of 3 180 t from its high-grade operation in the Democratic Republic of Congo (DRC) for the three months ended June 30. Output was 4% higher than that produced in the quarter ended March 31. 

Hecla to help Keno Hill achieve its full potential

By: Mariaan Webb     5th July 2022 NYSE-listed Hecla Mining on Tuesday announced the acquisition of NYSE American- and TSX-listed Alexco Resources in a transaction that will make the company not only the biggest silver producer in the US, but also in Canada. Each outstanding common share of Alexco will be exchanged for 0.116 of a... 

Firm says at least 32 companies likely to delist from South Africa’s exchanges this year

By: Marleny Arnoldi     5th July 2022 South Africa’s stock exchanges are set to experience a few delisting’s in the remainder of the year, which is likely to take the full-year total to at least 32. Consultancy AmaranthCX reports that South Africa had 332 listed companies at the start of the year, across the JSE and three other... 

Bank of England takes deep dive into 'opaque' commodities

By: Reuters     5th July 2022  The Bank of England said on Tuesday it will conduct an in-depth analysis of "opaque" commodity markets after Russia's invasion of Ukraine left the central bank without a full picture of risks and vulnerabilities. Just as the global financial crisis threw a spotlight on unregulated so-called... 

Resolute rejoices as Mali sanctions are lifted

By: Esmarie Iannucci     5th July 2022 Gold miner Resolute Mining has welcomed the decision by the Economic Community of West African States (Ecowas) to lift sanctions against Mali, where it operates the Syama gold mine. Sanctions were imposed on Mali in January this year after the military government said it would not organise... 

AR Controls well positioned to ride copper, cobalt and nickel wave in Africa and South America

5th July 2022 With the global mining industry on the cusp of a commodity super cycle the likes of which was last seen in 2015, this remains the largest, most lucrative, and low risk market for valves in Africa. “Copper has proven especially robust during a depressed financial market,” notes AR Controls... 

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