Steel News

We strive to let you one step ahead of the market.

Critical Metals acquires 57% stake in Madini Occidental

14 Sep 2022 15:47 reported by Joy Liu

A A A
Critical Metals Plc, a UK-based mining investment company, said that the company has decided to acquire a 57% stake in Madini Occidental for US$750,000.

Madini Occidental indirectly holds a 70% interest in the Molulu project in Congo.

Critical Metals said it planned to resume production at the Molulu Project in the fourth quarter of this year, which will generate short-term cash flow.

The Molulu Project is a medium-sized copper/cobalt asset in the Katanga Copperbelt in Congo, and four pits were previously mined by artisanal miners.

Back to Steel News

Related News

German steel sales decrease in Oct y-o-y

  • Industry activities
  • 29 Nov 2022 17:08

SMS to provide technology for Tata Steel to build low CO2 emissions plants

  • Industry activities
  • 29 Nov 2022 17:06

UK's Primetals & India's Tata Steel team up on decarbonization

  • Industry activities
  • 29 Nov 2022 17:00

YC INOX increases capital in Turkish subsidiary YC INOX TR Celik Sanayi ve Ticaret A.S.

  • Industry activities
  • 28 Nov 2022 17:28

NLMK-Kaluga invests more than 23 million rubles in repairing railway tracks

  • Industry activities
  • 28 Nov 2022 17:25

Metal Price Index

Learn more

LME Official Bid Price

  • Zinc
  • 2,911.00
  • 2,908.00
  • Aluminum
  • 2,315.00
  • 2,353.00
  • Copper
  • 7,965.00
  • 7,980.00
  • Nickel
  • 25,200.00
  • 25,300.00

Learn more

Coil Exchange Center

  • 2B Coil-Dec
  • 2,960
  • 2,820
  • NO1 Coil-Dec
  • 2,930
  • 2,790
  • 2B Coil-Dec
  • 2,960
  • 2,820
  • NO1 Coil-Dec
  • 2,930
  • 2,790

Learn more