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Codelco raises $2bn in a bond offering
Chile's Codelco has raised $2 billion in a bond offering in New York, as the world's top copper producer seeks to fund an investment campaign to revive declining production. The company offered 10- and 30-year bonds. The 10-year was issued for $1.3 billion with a...
Collaboration between Italy’s De Nora and Saudi Arabia’s ACWA Power kicks off
Electrode manufacturer De Nora will collaborate with Saudi Arabian utility ACWA Power on energy transition and water desalination projects in the Gulf country. The two companies signed a Memorandum of Understanding (MoU) on Monday during an Investment Forum between...
Copper: three South African companies join the race to buy the Khoemacau mine
At least three South African miners are in the race to buy Botswana's Khoemacau copper mine, home to one of Africa's largest copper deposits as growing demand for the metal ensures strong competition for the coveted asset. Johannesburg-listed Impala Platinum, Exxaro...
Is China losing the race for rare earths?
China's economic recession of 2023 has significantly changed the production and cost of rare earths. In July 2023, China saw the cost of rare earths drop to the lowest level since November 2020. The price of praseodymium-neodymium alloy also fell to $73.50 per...