Commodity markets are contending with a growing liquidity crisis
Mining News Pro - Commodity markets are struggling to shake their months-long liquidity crisis that’s brought an era of erratic swings in the value of the world’s raw materials.
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Visit: 750
Energy traders lobby for urgent funds to avoid liquidity crisis
Mining News Pro - Europe’s energy traders are lobbying central banks and governments for urgent funding as the industry faces cash-calls running into the billions of dollars due to soaring commodity prices.
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Visit: 490
Trevali accelerates T90 programme as its bolsters liquidity
Mining News Pro - Base metals miner Trevali has secured additional liquidity of up to $45-million from its long-term syndicate of lenders and its largest shareholder, Glencore.
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Visit: 625
Land Bank raising R3bn liquidity facility
Mining News Pro - The State-owned Land and Agricultural Development Bank of South Africa announced in an update on liquidity that it would be raising R3-billion and restructuring its debt.
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Visit: 1462
Northam Platinum strengthens liquidity, attracts R411m new funding
Mining News Pro - Platinum group metals mining company Northam Platinum has strengthened its liquidity position in response to Covid-19 by attracting R411-million of additional new long-term funding during the lockdown period as part of the completion of its R2.65-billion restructuring of its domestic medium-term note programme.
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Visit: 969
Loan note changes add R811m to Northam’s liquidity for this uncertain year
Mining News Pro - Northam Platinum has managed to extend the maturity dates of certain notes held in terms of the company’s R10-billion Domestic Medium Term Note (DMTN) Programme with an aggregate amount of around R1.8-billion.
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Visit: 796
AngloGold cash flow soars 231%, liquidity boosted to $2bn
Mining News Pro - Gold mining company AngloGold Ashanti more than trebled first-quarter cash flow from operating activities, bolstered its available liquidity to more than $2-billion and improved leverage as key mines delivered solid performances.
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Visit: 626
Enhances liquidity, Detailed Implements for Covid programme
Mining News Pro - Vanadium producer Bushveld Minerals, which on Monday provided an operational update on Bushveld Vanadium and Bushveld Energy for the three months to March 31, is implementing a detailed programme in response to the Covid-19 pandemic and drawing down its full R375-million of bank debt facilities to enhance liquidity and financial flexibility.
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Visit: 460
Tianqi postpones commissioning of Australia lithium plant amid liquidity problems
Mining News Pro - Tianqi Lithium Corp., one of the world’s biggest lithium producers, said on Sunday it had postponed commissioning of the first phase of its flagship Australian processing plant due to rising liquidity problems after the coronavirus outbreak.
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Visit: 603
BHP outperforming peers in terms of liquidity
Mining News Pro - Market research firm Fitch Solutions recently published a company outlook for BHP Billiton, weighing in on the company’s market-leading position in the mining industry.
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Visit: 843
Lonmin warns on liquidity and persistent challenges
Mining News Pro - Lonmin, which is being bought by Sibanye-Stillwater, said it does not have sufficient liquidity to fund the new projects needed to avoid shaft closures and job losses.
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Visit: 654
Canada offers C$1.5bn in loans for oil-sector liquidity
Mining News Pro - The Canadian government announced C$1.5-billion in loans for the oil and gas sector, as well as some government funding for unspecified projects, after a supply glut sank heavy crude prices to as low as $13.46 a barrel last month.
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Visit: 919