La Mancha Holding has completed a previously announced $125.7m strategic investment in Golden Star Resources through a private placement.
La Mancha Holding received 163.2 million common shares of Golden Star, representing approximately 30% of the company’s outstanding share capital in return for the investment.
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La Mancha intends to use the proceeds raised from the placement to explore growth opportunities in Africa and strengthen its balance sheet.
Based in Luxembourg, La Mancha Holding is a private gold investment company, while Golden Star is a gold mining firm based in Canada.
Rio Tinto has reached an agreement with its partners in the Robe River joint venture to invest $1.55bn for maintaining production capacity at two projects in Pilbara, Western Australia (WA).
Rio Tinto holds a 53% stake in the Robe River joint venture, while Mitsui holds 33% and Nippon Steel & Sumitomo Metal holds a 14% interest.
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By GlobalDataRio Tinto is a UK-based global mining group, while Mitsui is a general trading company and Nippon Steel & Sumitomo Metal Corporation is engaged in steel production. Both Mitsui and Nippon Steel & Sumitomo Metal Corporation are based in Japan.
GEM intends to form a joint venture (JV) with Contemporary Amperex Technology (CATL), Tsingshan Holding Group, Hanwa, and PT Bintangdelapan Group to create an approximately $700m battery-grade nickel chemicals manufacturing company in Indonesia.
The nickel smelting plant will be set up at Tsingshan’s industrial park in Morowali on the Indonesian island of Sulawesi. It will have an annual capacity of at least 50,000t and cobalt smelting capacity of 4,000t.
GEM will hold a 36% interest in the new company, while CATL will hold 25%, Tsingshan Holding Group will hold 21%, Hanwa will hold 8% and Indonesia Morowali Industrial Park (IMIP) will hold a 10% interest. IMIP is a joint venture formed by Bintangdelapan and Tsingshan.
GEM is engaged in battery manufacturing, while CATL is a lithium battery manufacturer. Both companies are based in China.
Tsingshan Holding Group is a Chinese stainless steel-making firm, Hanwa is a Japanese trading company and PT Bintangdelapan Group is an Indonesian nickel ore mining company.
HCL Technologies has secured a five-year infrastructure services contract from Anglo American.
HCL will support Anglo America through the adoption of cloud technology and will help in reducing global data centre footprint of the latter.
The contractual scope includes partial migration to an Infrastructure-as-a-Service operating model in addition to providing regional and local service desk support, and end-user computing services.
Based in the UK, Anglo American is a diversified mining company, while HCL Technologies is an India-based technology services provider.
Tando Resources has purchased the SPD vanadium project in South Africa, under an agreement signed in March 2018.
Tando acquired the project through the acquisition of 100% of the issued capital in Steelpoortvan, which holds the right to acquire 74% of Vanadium Resources, the 100% owner of the SPD vanadium project. The remaining stake is held by BEE entities including the Steelpoort Development Trust, in trust for local communities.
The company has agreed to undertake a JORC-compliant measured resource and complete feasibility studies, as part of the acquisition.
Based in Australia, Tando Resources is engaged in mineral exploration.
