All articles by Umesh Ellichipuram

Umesh Ellichipuram

South Korea’s Posco to import graphite from Africa

The decision follows China’s tightening of export rules for graphite in December.

Lotus Resources to raise $30m to ramp up uranium projects

The placement involves issuing 100 million new shares at $0.30 each, marking a 6.5% discount to the last stock close of $0.32.

American Rare Earths announces placement to advance Wyoming project

This placement was supported by new and existing investors, with its price set at a 5.1% discount to the ten-day volume-weighted average price (VWAP).

Anglo American expands Minas-Rio with Vale’s iron ore resource

The deal will see Anglo American maintain control and management of Minas-Rio.

Glencore profit plunges in 2023 on reduced commodity prices

The company’s revenues also dipped, reaching $217.83bn in 2023, a 15% year-on-year decrease.

Piedmont Lithium to divest Sayona Mining stake for $39.4m

The decision to sell the shares aligns with Piedmont Lithium’s strategy to maintain a strong balance sheet.

Hot Chili expands Chilean portfolio with Cometa Project

Cometa spans around 56km² and is situated roughly 15km south-east of Costa Fuego’s planned operating centre.

Brazil suspends Vale’s Sossego mine operational licence

The specific reasons for the suspension were not disclosed, with Vale assessing steps to restore the mine’s operational status.

First Quantum reports loss in Q4 2023 over Panama woes

Total copper production for the quarter was 160,200 tonnes (t), a 28% decrease from the third quarter (Q3) of 2023.

Askari Metals acquires Matemanga Uranium project in Tanzania

The acquisition aligns with Askari Metals’ strategy to expand into uranium exploration.