NATURAL RESOURCES News April 2021 Private companies purchase North Sea assets Over the previous few years there has been an increase in private companies purchasing North Sea assets. This trend has increased since 2010 when approximately 8% of the production in oil...
NATURAL RESOURCES News April 2021 Maxeon Solar Technologies announces IPO pricing Maxeon Solar Technologies has announced the pricing of an underwritten offering at a share price of US$18.00 for ordinary shares in a US$125 million offering. Maxeon Solar Technologies...
NATURAL RESOURCES News April 2021 Orocobre Limited and Galaxy Resources merger planned Orocobre Limited and Galaxy Resources plan to merge in a US$3.2 billion deal. If the merger goes ahead, the merger will create one of the world’s largest lithium producers. The...
NATURAL RESOURCES News April 2021 Rio Tinto increases joint venture stake Rio Tinto has increased its stake in the Citadel joint venture (Citadel JV). The increased stake in the Citadel JV is due to Rio Tinto solely funding in excess of US$25 million in the joint...
NATURAL RESOURCES News April 2021 Gemfields finally generate revenue The London listed Gemfields has generated its first ruby revenue in 15 months. The rubies sold were mined pre-April 2020 when the mine had to suspend mining operations in Mozambique due to the Corona...
NATURAL RESOURCES News April 2021 Hydrogen investment fund launched A clean energy hydrogen private infrastructure investment fund has been launched (Fund). The Fund is aimed at delivering clean hydrogen infrastructure projects and the co-founder has stated that they...
NATURAL RESOURCES News April 2021 Anglo American demerger Anglo American is set to demerge its South African coal assets as a result of increased investor pressure in respect of these polluting resources. Anglo American plans to transfer its South African thermal coal...
NATURAL RESOURCES News March 2021 China’s import from Myanmar falls amid unrest According to customs data, China’s imports of copper metal and tin ore from Myanmar fell more than 25% year-on-year in January and February of 2021 due to the unrest. Myanmar accounts for...
NATURAL RESOURCES News March 2021 Price of iron ore drops with China’s pollution crackdown According to S&P Global Platts, the price of iron ore has dropped to US$167.37 after there are indications that the Chinese authorities, including the Ministry of Industry...
NATURAL RESOURCES News March 2021 Australian spend on mineral exploration hits seven-year high According to the annual Australia’s Identified Mineral Resources report (AIMR), the Australian expenditure on mineral exploration increased by 21% to more than $2.6 billion...
