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We have Aluminium Ingots 96/97% min, for sale. Interested Buyers, kindly email traders@ardevur.com or call +356 99727505 (also available on WhatsApp). Payment terms: T/T only. #ARDEVUR #ARDEVURCommodities #Commodities #metals #Aluminium #tradingcompany #Aluminiumingots #Ingot

GOLD FIELDS has finished buying Osisko Mining for C$1.93 billion (about $1.39 billion), giving it full control of the Windfall project in Quebec, Canada. In fact, Windfall is expected to produce 300,000 ounces of gold each year starting in 2027, with production worth under $800 per ounce. Eventually, this will help Gold Fields manage its older mining sites in Ghana and Peru. Gold Fields paid 55% more for Osisko shares. However, CEO Mike Fraser assured investors that the company is still doing well financially and has a good credit rating. Moreover, experts think the extra cost was important to get a valuable growth opportunity. By 2025, Gold Fields foresees a substantial increase in earnings, driven by expectations that gold prices will exceed $2,800 an ounce in the current year. The Windfall project, along with Salares Norte in Chile, will be important for Gold Fields' growth, having $3.2 million ounces of gold reserves. Since its founding in 1887, the company has expanded its reach from South Africa to diverse regions such as Ghana, Australia, and the Americas. Read more here : https://lnkd.in/e5jWRJ_C #mining #mine #Africa #gold #Ghana

Even though Sinomine Resource Group's branch in Zimbabwe currently facing financial losses due to low metal prices, it plans to invest $500 million in a lithium refinery over the next 3 to 5 years. Xuedong Gong, the boss of Bikita Minerals, said: “We have to borrow from the market and investors, we don’t have much money.” In fact, Sinomine is one of many Chinese mining companies that started operating in Zimbabwe when lithium prices went up in 2021 and 2022. As a result, Zimbabwe emerged as a key producer of lithium. Moreover, president Emmerson Mnangagwa's administration is encouraging investors to engage in lithium ore processing domestically rather than solely exporting it. While lithium has experienced a price reduction of nearly 90% in the last two years, firms in China are still actively seeking materials for rechargeable battery production. They expect prices to go back up when there is more demand than supply. Learn more here : https://lnkd.in/eKe4SWsW #mining #mine #Africa #Zimbabwe #lithium #China

Gold Fields has successfully purchased Osisko Mining for a total of C$1.93 billion ($139 billion), giving them complete ownership of the Windfall project in Québec, Canada. By early 2027, Windfall, which was initially a partnership, aims to produce 300,000 ounces of gold each year while keeping its total costs below $800 per ounce. This will help Gold Fields balance out its older mines in both Ghana and Peru. Moreover, Gold Fields paid a 55% extra for Osisko's shares, but CEO Mike Fraser reassured investors that the company is financially strong and has a good credit rating. Experts believed the high price was reasonable for buying a valuable investment, especially since gold prices are expected to hit $3,000 per ounce by 2025. Furthermore, the Windfall project, along with Salares Norte in Chile, is an important part of Gold Fields' plan for growth. The company was established in 1887 and now aims to produce between 2. 2 and 23 million ounces in 2023. This target has been slightly reduced due to delays at Salares Norte. For more information : https://lnkd.in/e5jWRJ_C #mining #mine #Africa #gold #Ghana #Peru

We have Aluminium Off Grade Ingots for sale. Interested Buyers, kindly email traders@ardevur.com or call +356 99727505 (also available on WhatsApp). Payment terms: T/T only. #ARDEVUR #ARDEVURCommodities #Commodities #metals #Aluminium #tradingcompany #Aluminiumingots #Ingot

The Democratic Republic of Congo has lifted a suspension on mining activities in South Kivu, except for gold extraction. Initially, the suspension was imposed in July due to disorder among mining operators. Therefore, After discussions with operators, the government decided to resume mining, urging companies to resolve tax issues and promising continued consultations to transform the sector into a driver of stability and development for the province. https://lnkd.in/eXH9ej5b #mine #mining #Africa #congo #DRC #gold

According to CEO July Ndlovu, Thungela Resources, a South African thermal coal producer, continues to search for new mines to acquire. Including coking coal assets if suitable opportunities arise. After purchasing the Ensham mine in Australia last year, to diversify from South Africa due to rail capacity issues, Thungela is now considering investing further in Ensham's coal production. Despite a challenging environment where banks are avoiding funding new coal projects, Thungela is confident in its ability to self-finance development. However, South Africa's rail crisis has severely impacted coal shipments, reducing Thungela's profits by 61% in the first half of 2023. Yet, Ndlovu expects conditions to improve, with coal shipments potentially rising from 2025. Learn more about this : https://lnkd.in/dEk7qsnH #mining #mine #Africa #Southafrica #coal

Sibanye-Stillwater has secured an additional €500 million ($557.3 million) in debt financing to advance its Keliber lithium project in Finland, despite current low lithium prices.  Additionally, the loan, partly from the European Investment Bank, will support the project’s development, which is expected to start production in 2026.  Furthermore, Sibanye remains optimistic about future lithium price increase due to anticipated market deficits.  Ultimately, the Keliber project aims to produce 15,000 metric tons of battery-grade lithium annually for at least 16 years. Likewise, Sibanye plans to process third-party spodumene starting in 2025.  Thus, this financing will also improve the company's liquidity and operational flexibility. Get more information here : https://lnkd.in/end-aGsF #mining #mine #Africa #lithium #metals

Endeavour Mining in London expects to make in gold approximately 200,000 ounces each year by 2025, from its new mine in the Ivory Coast. The new mine, Lafigue, began to produce in August about 500 kilometres from northeast Abidjan. Additionally, it is expected to produce around 90,000 to 100,000 ounces by this year-end. Furthermore, the company has invested about 250 billion CFA ($415 million) toward the project. Therefore, they anticipate to endure at least 13 years, as well as producing for the country over 380 billion CFA francs in taxes and income. However, the CEO, Ian Cockerill, highlighted the significance of the mine in reinforcing Endeavour’s position in the Ivory Coast beside the two other working mines in the region. Ivory Cost is seeking to expand its economy by enhancing the mining industry; therefore, they aim to generate each year within five years at least 100 metric tonnes of gold. Learn more here : https://lnkd.in/e_vcurUm #mining #mine #Africa #Ivorycoast #gold

After the company lowered its 2024 production targets for its manganese mine in Gabon and nickel mine in Indonesia, Eramet's shares dropped nearly 19% on Wednesday, the16th of October. This announcement came late Tuesday, citing a drop in the manganese market and limited permits in Indonesia. Moreover, Eramet attributed the manganese market decline to falling Chinese carbon steel output and an influx of low-grade ore. Furthermore, the company's revised target for manganese ore production in 2024 is now 6.5 to 7.0 million tonnes, declining from 7.0 to 7.5 million tonnes, leading to a three-week suspension of production at the Moanda mine. Additionally, in Indonesia, the mines ministry granted a revised allowance of 32 million wet tonnes for Eramet’s joint venture, reducing the nickel ore target to 29 million tonnes from 40 to 42 million tonnes. However, Eramet expects higher ore premiums to offset some financial impacts. Fore more details: https://lnkd.in/dmbVZ4dg #mining #mine #Africa #manganese #nickel #gabon