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Canadian developer, Nouveau Monde Graphite (NMG) has lined up a $335-million senior project debt commitment to advance its Phase 2 Matawinie mine in Québec. The Export Development Canada (EDC) and the Canada Infrastructure Bank (CIB) have committed the funding, which will support the construction, development and commissioning of the graphite project. The […]
In the world of luxury and geology, few things spark the imagination like the discovery of a rare blue diamond. Last week, Canadian mining company Lucara Diamond Corp announced it had recovered a stunning 36.92-carat blue diamond from its Karowe mine in Botswana. Described as a high-quality “Type IIb”—a category so pure and rare […]
Namibia Critical Metals has selected Toyota Tsusho Corporation as a strategic partner for the Lofdal Heavy Rare Earths Project, a decision formalized through a public tender organized by the Japan Organization for Metals and Energy Security (JOGMEC). Toyota Tsusho’s involvement, facilitated by JOGMEC, brings significant industrial and technical expertise to the project, along […]
A key plank of Canadian Prime Minister Mark Carney’s climate plan will likely miss its target implementation date, industry sources said, raising new doubts about Canada meeting its environmental goals in the face of higher oil prices and uncertain US trade policy. Carney, a former UN climate envoy, committed last fall to […]
By Momodu Favour Governor of the Central Bank of Nigeria, Olayemi Cardoso, has reaffirmed that ongoing monetary and structural reforms are reinforcing Nigeria’s economic stability and restoring investor confidence, as the country navigates a period of significant financial adjustment. Speaking at the Africa Capital Forum in London, Cardoso said recent policy actions by the […]
By Rachel Akper The Nigerian naira maintained a steady performance against the United States dollar on Thursday, March 19, 2026, across both the official and parallel foreign exchange markets. In the Nigerian Foreign Exchange Market (NFEM), the local currency was quoted at an average of ₦1,357.11 per dollar during early trading, reflecting a marginal […]
London-listed mining company, Anglo American expects to get final regulatory approval for its merger with Teck Resources between September this year and March 2027, a spokesperson said on Wednesday. The company clarified its expectations for approval from China and South Korea after earlier comments from an executive at an event in Brazil’s Sao Paulo, who […]
By Rachel Akper Vice President, Kashim Shettima, has vowed that those responsible for the recent attacks in Maiduguri will be decisively confronted, assuring residents that the Federal Government will not relent in its fight against terrorism. Shettima made the declaration on Wednesday during a visit to Borno State, following a wave of violent incidents […]
Coal miners are poised to benefit from a rising coal price as a result of the Iran war, says Bloomberg Intelligence. Analysts at the market research firm say if the Iran war disrupts liquefied natural gas (LNG) supplies for several more weeks, coal prices could rise to between $165/t and $185/t. […]
A global cobalt shortage is expected to persist through the end of this decade as export restrictions from top producer, Democratic Republic of Congo impact the supply chain, according to trading house Darton Commodities. Shipments of the battery metal from Congo slid last year after the government first banned exports in February and […]
