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India to propose easing foreign investment rules further

10 January 2020 - 14:24
India is considering further opening up its insurance and aviation sectors to foreign investors to help spur the economy, according to people familiar with the matter.

Acting banks to loan $3b to develop oil industry’s upstream sector

9 December 2019 - 21:49
Iranian acting banks are authorized to offer up to $3 billion of loans to the oil industry’s upstream sector, according to the country’s budget bill for the next calendar year (starts on March 19, 2020), IRNA reported.

Commentary: Gold sector fragmentation hurts investors

9 December 2019 - 21:10
Of all the mining sectors, gold is possibly the most fragmented, and the gold industry and its investors would realize considerable benefits from consolidation. Brokerage Pollitt & Co. estimates that 50% of global iron ore and copper production comes from four and 10 companies, respectively, while 25 companies account for just 45% of total gold production.

IMF says $10 billion Congo budget unrealistic as mining slows

6 December 2019 - 19:34
The International Monetary Fund said the Democratic Republic of Congo’s proposed $10.2 billion budget is “unrealistic,” amid slowing output from the country’s copper and cobalt mines.

Saudi Arabian miner Ma’aden eyes $5bn Waad al-Shamal debt refinancing

5 December 2019 - 20:12
Saudi Arabian Mining Co (Ma’aden) is considering full or partial refinancing of debt it raised for the Waad al-Shamal phosphate project, which is about $5 billion in total, its chief executive said on Thursday.

Rio Tinto invests $749 million in Pilbara iron ore mine

26 November 2019 - 18:44
Rio Tinto Ltd said on Wednesday it had approved a $749 million investment in its Greater Tom Price operations to help sustain production capacity in its iron ore business in the Pilbara region of Western Australia.

Iran draws over $1.25bn from NDF to create jobs

23 October 2019 - 03:12
Iranian government has drawn over $1.25 billion from the country’s sovereign wealth fund for the sole purpose of creating jobs as the government struggles to diversify the economy to cope with sanctions imposed by the United States.

Private investors shun mining amid “escalated investor concerns

23 October 2019 - 01:00
Private capital tracker Preqin in a third quarter update outlines “escalated investors’ concerns” for natural resource investment with “geopolitical pressure dictating much of the momentum” in the industry.

African lender eyes unloved neighborhoods in mining drive

20 October 2019 - 12:52
African Finance Corp. will invest in countries disregarded by other companies as part of a plan to double its exposure to the mining industry, the firm’s head of investments said.

Investment in Iran’s petchem industry to rise 75% by 2026

11 October 2019 - 15:27
Head of Iran’s National Petrochemicals Company (NPC) said investment in the country’s petrochemical sector is going to increase by 75 percent by the end of the Iranian calendar year 1404 (March 2026), IRNA reported.
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