The world's largest coal producer, Coal India, is setting up its first overseas trading office in Singapore, aiming to diversify into trading iron-ore and critical and strategic minerals, two sources said.
Iron-ore trader Radiant World has laid off some operations staff as banks and counterparties retreat, cutting off the credit the Singapore-based firm needs to fund its trades, according to two sources familiar with the matter.
American Tungsten and Antimony's US subsidiary Trigg Minerals has been selected by the US Department of Energy (US DoE) for a potential financial award of up to $18-million.
African critical minerals exploration and development company NeoTerra has chosen Valentine Enterprises (Valent) to lead the US Trade and Development Agency- (USTDA-) funded prefeasibility study (PFS) at its Monte Muambe rare earths project, in Mozambique.
Abasca Resources highlights in an independent preliminary economic assessment (PEA) on the Loki flake graphite deposit, in Saskatchewan, the potential for a long-life, 2 750-t/d openpit mining operation.
Critical Metals Corporation and ASX-listed European Lithium have announced an amendment to the previously fixed share scheme transaction ratio under its proposed merger deal, with the companies having entered into a second deed to amend the scheme implementation deed of May 19.
Australia's largest gold miner Northern Star has posted a record net profit after tax of A$1.7-billion, or A$1.17 apiece, in the year ended June 30, marking a 24% year-on-year increase from the prior year's net profit after tax of A$1.3-billion.
Arc Minerals has selected an experienced drilling contractor for the imminent exploration diamond drilling programme at its PL135/2017 licence, which forms part of the Virgo project, located in the Zone 5 corridor of the Kalahari Copper Belt (KCB) in Botswana.
Chilean Cobalt Corporation has received a new letter of interest from the Export-Import Bank of the US for a potential debt funding package of up to $375-million, as the company develops the La Cobaltera and El Cofre cobalt and copper mines, in Chile.
State oil giant Saudi Aramco and Saudi mining company Maaden plan to form a joint venture that will focus on mineral exploration and hard-rock mining in the kingdom, they said on Tuesday.
