To avoid pricing out locals, Ghana limits a tender for Gold Fields’ Damang mine to companies wholly owned by its own citizens https://t.co/p2KhZrhnsS ...

Flash | 31 Mar 2026 11:29:25 ET │ 10 pages CMOC (3993.HK) Takeaways from Chairman Meetings after FY25 Results CITI'S TAKE Jimmy Feng, CFAAC +852-2501-7588 jimmy.feng@citi.com We hosted meetings with CMOC after its FY25 results in HK on 31st Mar. Mr. Liu Jianfeng, Chairman and CIO, Mr. Xu Hui, Board Secretary, and Ms. Laura Zhang, IR Director, presented at meetings. The unit sulfur consumption is ~1t sulfur per ton of copper output, and CMOC purchases sulfur from traders that sourcing sulfur from various reg ...

March 31, 2026 02:38 PM GMT Zijin Mining Group | Asia Pacific China Summit 2026 Feedback Key Takeaways | M March 31, 2026 02:38 PM GMT Zijin Mining Group Asia Pacific | Morgan Stanley Asia Limited+ Rachel L Zhang | Update | | --- | --- | --- | | | Equity Analyst | | | China Summit 2026 Feedback | Rachel.Zhang@morganstanley.com | +852 2239-1520 | | | Chris Jiang | | | | Equity Analyst | | | | Chris.Jiang@morganstanley.com | +852 3963-1593 | | Key Takeaways | Hannah Yang, CFA | | | | Equity Analyst | | | | Ha ...

Summary of the Conference Call on Metals & Mining Industry Industry Overview - The conference call focused on the **Metals & Mining** industry in **Europe** and discussed the impact of **energy shocks** and **supply disruptions** on costs and margins [1][6] - The current market is pricing in a slowdown rather than an outright recession, with margins more dependent on commodity-market tightness than inflation [1][4] Key Points Cost and Margin Dynamics - Energy shocks and supply disruptions are increasing costs, but margins are more influenced by commodity-market conditions than inflation unless inflation becomes demand-destructive [1][4] - The mining sector is experiencing a de-rating due to concerns over energy shocks and recession risks, leading to higher costs in fuel, freight, and insurance [2][9] - Historical data shows that mining margins expanded in **60-74%** of periods when unit costs rose, indicating that higher costs are not inherently bearish if demand remains resilient [3][26] Supply Chain Disruptions - The geopolitical situation has led to tangible supply chain disruptions, affecting diesel availability, freight costs, and operational complexities [10] - Specific examples include: - **Fenix Resources** facing diesel supply constraints impacting operations [10] - **Norsk Hydro** operating at reduced capacity due to natural gas supply issues [10] - Disruptions in Iranian iron ore and steel exports tightening regional supply [10] Market Valuation and Performance - The sector's valuation has adjusted to reflect a demand slowdown, with relative P/B ratios at **0.76x**, below the long-run average of **0.83x** [11][15] - The market has not yet fully priced in an outright recession, leaving room for further downside if demand shocks intensify [11] Stress Testing and Resilience - The analysis includes stress-testing mining equities against historical recessionary episodes, indicating that companies like **Glencore**, **Rio Tinto**, **Norsk Hydro**, and **Endeavour Mining** are better positioned to navigate higher cost inflation and demand risks [4][49] - The current conflict could lead to a broader impact on mining stocks globally if disruptions persist, with a focus on maintaining tight commodity balances [4][18] Commodity-Specific Insights - Different commodities exhibit varying levels of risk: - **Copper** and **zinc** are identified as the most vulnerable in a recession scenario, while **precious metals** and companies with lower cost positions show stronger resilience [43][49] - The analysis suggests that if the current energy shock leads to a broader cost-push phase, quality, low-cost mining equities are likely to outperform [32][49] Conclusion - The Metals & Mining industry is facing significant challenges due to energy shocks and geopolitical tensions, but historical data suggests that resilient demand can support margins despite rising costs [27][41] - Companies with strong balance sheets and disciplined capital allocation are better positioned to withstand potential downturns and maintain shareholder returns [13][50]

Core Viewpoint - Mkango Resources Limited successfully completed a fundraise of £12.5 million, which was oversubscribed and increased from the initial target of £10 million, reflecting strong demand from investors [6][20]. Fundraise Details - The fundraise generated gross proceeds of approximately £12.5 million (around C$23.0 million) before expenses [6][7]. - A total of 37,878,788 new Common Shares were conditionally placed at a price of 33 pence (C$0.606375) per share [7]. - The breakdown of the fundraise includes: - 30,909,154 new Common Shares from the Placing, raising approximately £10.2 million (C$18.7 million) - 636,300 new Common Shares from the LIFE Offering, raising approximately £0.2 million (C$0.4 million) - 3,030,303 new Common Shares from the Retail Offer, raising approximately £1.0 million (C$1.8 million) - 3,303,031 new Common Shares from the Subscription, raising approximately £1.1 million (C$2.0 million) [8]. Use of Proceeds - The net proceeds from the fundraise will be utilized for: - Acquisition of a synergistic German magnet business: £4,330,000 (C$7,956,375) - Capital expenditure for German operations: £3,950,000 (C$7,258,125) - Capital expenditure for UK operations: £2,200,000 (C$4,042,500) - Working capital: £2,020,000 (C$3,711,750) [15][16]. Market Context - The fundraise is seen as a strong endorsement of Mkango's strategy and long-term opportunities in the rare earths supply chain, particularly in light of challenging market conditions [20]. - The company aims to strengthen its balance sheet and advance growth initiatives in the UK, Germany, and beyond [20]. Share Capital and Trading - Following the admission of the Offer Shares, the total issued share capital will consist of 387,110,284 shares [21]. - Applications will be made for the Offer Shares to be admitted to trading on AIM and the TSX-V, with expected trading commencement on April 10, 2026 [11].

Core Viewpoint - The ALPS O'Shares U.S. Quality Dividend ETF (OUSA) does not exhibit characteristics that warrant a bullish outlook, leading to a maintained Hold rating [1] Group 1: Investment Strategy - The individual investor and writer employs various techniques to identify underpriced equities with strong upside potential and overappreciated companies with inflated valuations [1] - The research focus includes the energy sector, particularly oil & gas supermajors, mid-cap, and small-cap exploration & production companies, as well as oilfield services firms [1] - The analysis emphasizes the importance of Free Cash Flow and Return on Capital for deeper insights beyond simple profit and sales analysis [1] Group 2: Market Perspective - The investor acknowledges that some growth stocks may justify their premium valuations, highlighting the necessity for thorough investigation to determine the accuracy of the market's current opinions [1]

Core Viewpoint - Ivanhoe Mines is conducting a webinar to present the 2026 Mineral Reserve and Mineral Resource Update for the Kamoa-Kakula project, highlighting the company's ongoing commitment to transparency and investor engagement [2][4]. Group 1: Company Overview - The webinar features key executives from Ivanhoe Mines, including Founder and Co-Executive Chairman Robert Friedland, President and CEO Marna Cloete, and other senior management [3]. - The event is part of Ivanhoe Mines' efforts to keep stakeholders informed about developments in their mineral reserves and resources [2]. Group 2: Event Details - The call is recorded and took place on March 31, 2026, indicating the company's structured approach to investor relations [1]. - Forward-looking statements will be made during the event, which may involve risks and uncertainties, emphasizing the need for careful consideration of the information presented [4].

PPX Mining Announces Grant Of Stock Options, Restricted Share Units And Deferred Share Units <!-- Twitter Tags --> <!-- Facebook Tags --> <!-- Injecting site-wide to the head --> <!-- End Injecting site-wide to the head --><!-- Inject secured cdn script --> <!-- ========= Meta Tags ========= --> <!-- PWA settings --> <!-- Add manifest --> <!-- End PWA settings --> <!--Add favorites icons--><!-- End favorite icons --> <!-- render the required CSS and JS in the head section --> <!-- loadCSS function header.js ...

ROUYN-NORANDA, Québec, March 31, 2026 (GLOBE NEWSWIRE) -- Chibougamau Independent Mines Inc. (CBG-TSX-V in Canada, CLL1-Frankfurt, Stuttgart, Berlin and Lang & Schwarz Stock Exchanges in Germany, CMAUF-OTC in the US), herein called Chibougamau, is pleased to report to shareholders that TomaGold Corporation (LOT-TSXV, TOGOF-OTCPK) has started a drill program to extend 5 recent drill holes in order to intersect a newly recently discovered zinc/gold/silver zone intersected beneath the previously known Berrigan ...

Datavault AI And Coppercore To Tokenize Copper Tokenization firm Datavault AI (NASDAQ: $DVLT) and Coppercore Inc. said they are working together to tokenize high-grade copper resources. The partnership announced on Tuesday will use Datavault AI’s blockchain platform to mint $100 million or more in Coppercoin digital tokens, with a scheduled launch by the end of the second quarter of 2026. According to the press release, each Coppercoin token will represent five pounds of in-ground copper with pricing for ...