Trafigura Group head of mergers and acquisitions Jesus Fernandez is leaving, in the latest senior departure from the commodity trading giant. Fernandez will retire after around 20 years at the firm, according to people familiar with the matter, who asked not to be identified because the information is not yet public. He will be succeeded by Patrick Burke, another longtime Trafigura dealmaker.
Southern Copper hopes to begin construction as soon as this year at a once fiercely contested copper mine in Peru’s coastal mountains as socio-political tensions ease and authorities get behind the project. The company has had permits to build its Tia Maria project for years yet held back because of environmental opposition. A 2019 decision to approve its license unleashed weeks of protests and then-President Pedro Castillo called the mine a non-starter. The current government says it’s supportive.
South Africa’s R105-billion green hydrogen, green ammonia project in the Eastern Cape took another major leap forward on Tuesday with the announcement of its underpinning by a cluster of nine solar projects in the very high solar yielding area of De Aar. The giga scale 1 230 MW solar project is the co-development of a consortium made up of Hive Hydrogen, Akuo Energy Afrique, Africoast Investments and Golden Sunshine Trading, which has been working towards this milestone for the past two years, and... Читать дальше...
Private investment company Menar, which is advancing steadily on the manganese front, has anthracite, coal, nickel, and gold in its diversified multi-country portfolio. The company's diversification into manganese began in 2021 with the East Manganese project in the Northern Cape, where a second manganese project is now at an advanced stage of assessment, and a manganese acquisition is under consideration.
Over three decades, Jose Luis Manzano built a reputation for diving into distressed sectors in Argentina and navigating tumultuous economic and political cycles to shape a portfolio ranging from media to energy. Now, through holding company Integra Capital, he’s going all in on mining in a gambit that South American minerals will be essential to fueling the world’s future — and especially the transition to clean power. Argentina, traditionally a farming and oil nation, has more recently been luring investors to its vast... Читать дальше...
ASX-listed Alpha HPA on Tuesday upsized its equity raising to facilitate the development of its high-purity alumina (HPA) refinery in Gladstone, Queensland, to A$175-million. The company previously planned a A$120-million equity raising as part of a broader funding package for the Stage 2 project.
Dubai-based United Mining Projects Corporation (UMPC) plans to begin producing battery-grade lithium in Argentina next year, aiming to deliver 5 000 metric tons in 2027 and double that in 2028, CEO Bradley Pielsticker said in an interview. Argentina is the world's fourth-largest lithium producer, with a pipeline of projects led by international companies set to ramp up in the coming months.
Rio Tinto Group has declared force majeure on alumina cargoes from its refineries in Queensland, Australia, due to shortages of gas to power its operations, according to people familiar with the matter. The company notified clients on Monday, the people said, asking not to be identified discussing private information. Rio produces alumina — the raw material for making aluminum — at its Yarwun refinery and at Queensland Alumina, a joint-venture it owns with Russia’s United Co. Rusal International.
