Gold miners are increasingly looking towards new avenues of venture capital on the London and New York stock exchanges as they seek to take advantage of surging prices and demand for the safe haven investment. The COVID-19 pandemic has chiefly fuelled a 32% rise in the...
Canada’s Taseko Mines and Australia-based TNG Ltd both announced plans to list on the London Stock Exchange (LSE), in a boost to the market which has recently been weighed down by Brexit-related uncertainty. Copper producer Taseko is already listed in Toronto and New York, but hopes...
LSE-listed miner Sirius Minerals has been forced to cancel a US$500 million bond sale for its large scale potash mine in the UK, throwing the future of the project into doubt. The company blamed poor ‘market conditions – including Brexit and a lack of government support...
Vancouver-based Pure Gold Mining has begun trading on the Main Market of the London Stock Exchange, as the TSX-listed company looks to attract a broader pool of international capital with a secondary listing. Pure Gold is advancing the Madsen Red Lake Gold Mine in Ontario, and...
TSX-listed gas firm Valeura Energy has revealed it expects to start trading on the London Stock Exchange (LSE) next week in a non-dilutive secondary listing, after trialing the idea in the past. Valeura is testing onshore gas resources in Turkey’s Thrace basin, where it operates with...
Ferro-Alloy Resources Group, a vanadium producer based in Kazakhstan, has become the first junior flotation on the London Stock Exchange (LSE) from the mining sector this year. The company, which is already listed in Kazakhstan, has raised £5.2 million and issued 7,507,761 new ordinary shares at...
Mining companies on the London Stock Exchange (LSE) were boosted yesterday in the wake of embattled Brazilian miner Vale’s decision to shut another iron ore mine in Minas Gerais state. The FTSE 100 was dominated by mining companies including Fresnillo, who ended the day up by...
LSE-listed international oil and gas producer Ophir Energy has agreed to be bought by Indonesian firm MedcoEnergi for a sweetened cash bid of £408.4 million (US$539 million). In a joint statement, the companies said that Ophir shareholders will receive 57.5 pence per share in cash, up...
ASX-listed Resolute Mining has revealed plans to join the London Stock Exchange as the African-focused gold miner looks to raise its profile across global markets and accelerate its growth plans. Preparatory work is underway for an application to the Main Market of the LSE, with the...
Rio Tinto has completed a US$2.1 billion off-market share buyback in its Australian division and added the finishing touches to a $576 million divestment of land in British Columbia, Canada. The mining giant said the buyback of 41.2 million shares was transacted at a 14% discount...