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10 June 2024
in
Oil & gas

Saudis said to hand about 60% of Aramco offer to foreigners

Foreign investors were allocated about 60% of the shares on offer in Saudi Aramco’s $11.2 billion stock sale, people familiar with the matter said, marking a...

10 June 2024
in
Metals and Mining

Zambia sees KoBold spending $2.3bn on copper mine

KoBold Metals, the Bill Gates-backed mining exploration company, could spend $2.3 billion to build a major new copper mine in Zambia, President Hakainde Hichilema...

10 June 2024
in
Metals and Mining

Mimosa suspends North Hill project

Mimosa Mining Company has put its $134 million North Hill project in Zinbabwe on hold due to a challenging operational environment, characterised by declining global...

10 June 2024
in
Metals and Mining

Nevada Copper fears shutdown without immediate funding

Nevada Copper has “significantly scaled down operations” at its Pumpkin Hollow mine after failing to secure necessary funding and fears that the business may...

10 June 2024
in
Oil & gas

New Zealand to introduce bill to reverse oil and gas exploration ban

New Zealand's government plans to introduce legislation to remove a controversial ban on offshore petroleum exploration to attract investment to the country's oil...

10 June 2024
in
Oil & gas

Egypt to issue tender for at least 15 LNG cargoes

Egypt plans to issue a buy tender seeking 15-20 cargoes of LNG to cover heavy summer demand that had led to a wave of rolling blackouts and forced temporary shutdowns of...

10 June 2024
in
Oil & gas

TC Energy shareholders approve spinoff

TC Energy's shareholders have voted in favour of spinning off the company's crude oil pipelines business.Shareholders at the Calgary-based company's annual...

10 June 2024
in
Metals and Mining

Panthera further restructures Mali JV agreements

Panthera Resources has further restructured the JV agreements with Golden Spear Mali over the Kalaka and Bassala gold projects, in Mali.Under the new deals,...

07 June 2024
in
Renewables

RBM signs PPA with Khangela Emoyeni wind farm

Richards Bay Minerals (RBM) has signed a PPA with Khangela Emoyeni Wind Farm to secure 140MW from a new wind farm in the Western and Northern Cape Province. Parties...

07 June 2024
in
Renewables

Mercury NZ wind farm extension to add 155MW

Mercury NZ will proceed with an expansion of the Kaiwera Downs wind farm following the recent supply agreement with Rio Tinto-owned New Zealand Aluminium Smelters.Mercury...

07 June 2024
in
Infrastructure

Uganda secures $500m infrastructure funding from Kexim

The Export-Import Bank of Korea will provide $500 million to South Korea to finance infrastructure projects.The funding will be used for road, energy, and other...

07 June 2024
in
Metals and Mining

B2Gold receives $90m in royalties divestment deal

B2Gold has entered into a purchase and sale agreement to sell a portfolio of ten precious and base metals royalties to Sandbox Royalties. Sandbox has subsequently been...

07 June 2024
in
Transport

Finnvera supports Tyovene's vessel deal to Scotland

Finnish shipbuilder Uudenkaupungin Tyovene has secured an order for three hybrid-ready SWATH (Small Waterplane Area Twin Hull) crew transfer vessels from Scotland's...

07 June 2024
in
Metals and Mining

Guinea signs alumina refinery deal with Emirates Global Aluminium subsidiary

Guinea has signed a non-binding agreement with a subsidiary of Emirates Global Aluminium for the construction of a major alumina refinery, the second one in the...

07 June 2024
in
Metals and Mining

SolGold signs Cascabel exploitation contract

SolGold has signed an Exploitation Contract for its Cascabel project in Ecuador. The milestone was achieved through the company's subsidiary, Exploraciones...

07 June 2024
in
Oil & gas

$5bn Africa Energy Bank is created

Afreximbank and the Africa Petroleum Producers’ Organisation have signed the Establishment Agreement to create the Africa Energy Bank (AEB).The AEB is designed as...

07 June 2024
in
Infrastructure

Iraq’s TBI, Germany’s ECA to finance development projects

The Trade Bank of Iraq and Germany’s ECA are to cooperate on financing private sector development projects in Iraq.The TBI also signed a €110 million agreement...

07 June 2024
in
Other

ABN Amro turns to AI for trade finance automation

ABN Amro is working with AI platform Complidata to automate its trade finance operations.ABN Amro will use Complidata's TradeSpeed around the world for documentary...

07 June 2024
in
Metals and Mining

Vale invests $340m in Carajas Railway locomotive fleet improvement

Vale and Wabtec Corporation have signed an agreement to increase the efficiency and operations of the Carajás Railway locomotive fleet.The railway, which moves a...

07 June 2024
in
Other

US launches Working Capital Pilot Program

The US Small Business Administration (SBA) has announced the Working Capital Pilot Program. The WCP offers a newly structured line of credit, made by lenders and...