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Metals and Mining Industry News
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Coal India, HURL explore Sindri coal-to-urea project as Rs 69,346cr gasification push widens
Coal India Limited and Hindustan Urvarak & Rasayan Limited will study a coal-gasification-based urea project at Sindri in Jharkhand, adding another potential downstream route to Coal India’s ₹69,346 crore coal-to-chemicals portfolio as India pushes domestic production of fertiliser feedstocks.
Gold Fields eyes Northern Star after Australian miner rebuffs approach
Gold Fields has reportedly approached Northern Star Resources about a potential transaction, setting up an intriguing strategic reversal only a year after the South African miner sold a A$1.09 billion stake in the Australian gold producer.
Troilus Mining secures $850m debt commitment as Quebec gold-copper project nears financing milestone
Troilus Mining secured US$850 million for its Québec gold-copper project. Find out how the financing could move construction closer.
Bannerman (ASX: BMN) completes US$320.4m CNNC deal as Etango heads toward investment decision
Bannerman Energy Ltd has completed a US$320.4 million strategic financing with CNNC Overseas Limited, giving the Etango uranium project a debt-free construction pathway while handing its Chinese nuclear partner a 42.75% economic interest and rights to 60% of life-of-mine production.
Meeka Metals (ASX: MEK) raises A$40m for underground gold expansion as shares fall 25.9%
Meeka Metals Limited has secured a A$40 million institutional placement to accelerate Turnberry underground development, complete Mt Holland acquisition payments and expand drilling, but the deeply discounted financing erased almost A$147 million of market value.
Matsa Resources (ASX: MAT) receives A$10m AngloGold deposit as A$55m Lake Carey sale moves closer
Matsa Resources Limited has received a A$10 million deposit from AngloGold Ashanti Australia Limited toward a A$55 million Lake Carey tenement sale, a transaction whose fixed consideration exceeds the junior explorer's recent equity market value.
Why America’s rare-earth strategy increasingly depends on controlling everything from mine to magnet
USA Rare Earth has combined Brazil’s Serra Verde mine with processing, metallurgy and a planned $1.2 billion South Carolina magnet complex. The strategy reflects a growing recognition that Western rare-earth security requires control of the entire chain between ore and finished permanent magnets.
Orosur Mining secures drilling runway to late 2027 after C$14m placement fills
Orosur Mining says its C$14 million private placement is oversubscribed and fully allocated, giving the company funding into late 2027 for an expanded drilling campaign across the Anzá gold project in Colombia.
Ferrexpo production falls 54% as suspended VAT refunds squeeze operations
Ferrexpo’s first-half revenue fell to US$196 million and underlying EBITDA turned negative as reduced electricity availability, constrained liquidity and withheld VAT refunds forced the miner to operate at sharply reduced production levels.
Savannah Resources secures $40m as Barroso lithium project moves toward construction
Savannah Resources has completed a US$40.2 million equity financing that lifts available cash above US$53 million, giving the Barroso Lithium Project a substantially stronger runway toward a targeted final investment decision and construction phase.