🔒 Sir Mick The Miner recharged by battery metals – With insights from The Wall Street Journal
‘One of the mining industry’s most prolific dealmakers, Mick Davis has set up a new fund to invest in metals required to store power.’
‘One of the mining industry’s most prolific dealmakers, Mick Davis has set up a new fund to invest in metals required to store power.’
This in-depth interview unpacks lessons from Mick Davis’s career and looks ahead to his next challenge as CEO of the UK’s governing political party.
Mick Davis’ X2 is among companies considering a bid for Anglo American’s Brazilian niobium and phosphate mines, says people with knowledge of the matter.
Anglo American fell to a record low in London, leading mining shares lower, as investors seek more information on its strategy to deal with tumbling commodity prices.
Bernard Swanepoel gives his perspectives on the disaster that has enveloped the world’s third largest platinum producer, century old group Lonmin. His conclusion – “that’s capitalism”.
The Eland closure leaves Glencore with Mototolo mine in Limpopo province, now its only platinum asset in South Africa.
Glencore’s shares were down about 30 percent on Monday. Apparently, the company’s executives themselves didn’t know the reason for the freefall.
Traders have latched onto worries about Glencore’s debt mountain, which have been amplified by concerned reports from investment banks Investec and Goldman Sachs.
Glencore watched its bonds plunge below investment-grade levels as credit-default swaps gave it a better than 50 percent chance of default on Monday.
Miner and commodity trader Glencore is considering closing its Eland platinum mine in South Africa due to falling prices, it said on Tuesday.