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Codelco boosts copper output by 7.5% in September, annual production lags
Chile’s Codelco, the world’s top copper producer, boosted output by 7.5% in September to 145,300 tonnes, Chilean copper commission Cochilco said on Thursday, though its total production for the year continued to lag. The state miner saw its production in the first...
Glencore strikes deal with Katanga over $5.8 billion rights issue
Katanga Mining Limited, a big Congolese copper and cobalt producer, said on Thursday it would raise around $7.6 billion Canadian dollars ($5.8 billion) via a rights issue as part of a debt-for-equity swap with parent Glencore. Katanga Mining will subsequently owe...
Bushveld Minerals closes Vanchem Vanadium acquisition for $53m
Vanadium producer Bushveld Minerals (AIM: BMN) said Thursday that all outstanding conditions relating to the Vanchem acquisition,first announced in May have been completed. Bushveld has acquired, through its wholly owned South African subsidiary, Bushveld Vanchem...
Congo challenges Canadian miner Banro’s declaration of force majeure
The government of the Democratic Republic of Congo is disputing Banro Corporation’s recent request for force majeure following repeated attacks to its mines from armed rebels that made it impossible for the gold producer to keep staff and assets safe. The Canadian...