Archives: Mining finance

With the COVID-19 virus continuing to affect business operating conditions, Sandvik says it has initiated measures to support savings both in the short and long-term. The initial focus is on short-term activities with quick impact such as reduced worktime, reduction of temporary employees and consultants, and reduced discretionary spend, it said. Structural changes and reductions[…]

Appian Funds is offering miners short term, flexible financing solutions to help them navigate the choppy markets that have come about as a result of the spread of the COVID-19 virus. The private equity firm’s solutions, which include credit facilities, are aimed at helping support mining companies with near-term balance sheet pressures and liquidity concerns,[…]

Looking at the big OEMs for mining equipment, statements made so far focus as expected on the health and safety of employees, while maintaining production and distribution supply chains where possible with adaptations where needed and restricting all employee travel with all non-essential manufacturing and service staff switching to home working. However, as mines shutter[…]

On 20 January 2020, the boards of Sirius Minerals PLC, Anglo American PLC and Anglo American Projects UK Ltd (Bidco) announced that they had reached agreement on the terms of a recommended cash acquisition of the entire issued and to be issued ordinary share capital of Sirius by Bidco, to be implemented by means of[…]

Ritchie Bros., a leading global provider of asset management and disposition solutions, today announced an update to its RB Asset Solutions SaaS inventory management system. This cloud-based tool, designed to help businesses more efficiently manage their fleets, has been redesigned to help companies of all sizes, including smaller miners, contract miners, mining equipment rental businesses[…]

Leading North American uranium supplier and international energy group Uranium One is teaming up with distributed ledger technology firm Insolar to research the possibility of deploying a blockchain-based solution for commodity settlement. Uranium One is a global energy company and one of the world’s largest uranium producers, with a diverse portfolio of assets worldwide. Insolar[…]

On 20 January 2020, the boards of the UK polyhalite mining project owner Sirius Minerals PLC (developing the 10 Mt/y Woodsmith mine which will ramp up to 20 Mt/y at full production), global mining major Anglo American PLC and Anglo American Projects UK Ltd announced that they had reached agreement on the terms of a[…]

The Brazilian Mining Association (IBRAM) has announced that it has signed a Memorandum of Understanding (MOU) with the Toronto Stock Exchange (TSX) and TSX Venture Exchange, (TSXV) to establish a relationship to increase investment in the Brazilian mining sector in the coming years. The MOU is expected to open up perspectives for expanding geological research,[…]

K2fly Ltd has announced that major miner groups Vale and South32 have signed initial purchase orders to immediately commence work on proof of concept designs for the RCubed Resource Governance solution. It comes only a month after Gold Fields Australia on behalf of Gold Fields Ltd signed a new five year SaaS contract to implement[…]

The Mining Peru Congress is now less than three months away and the organisers are ready to welcome more than 300 attendees from key mining enterprises, regulatory authorities, government, technology and equipment suppliers, and investors. Taking place on April 1-2, in Lima, Peru, Vostock Capital, the organisers, describe the event as a “strategic congress and[…]