News in Numbers

Tronox has secured coordinated, conditional and non-binding support for up to $600m in rare earth supply chain financing from Export Finance Australia and the Export-Import Bank of the United States.

West Wits has opened the Qala Shallows underground gold mine in South Africa. The total economic contribution to the country is forecast to exceed $1.15bn (R19.46bn).

Westgold Resources has restarted high-grade gold mining at the Great Fingall mine, which is forecast to supply around 500,000 tonnes per annum of high-grade ore to Westgold’s Cue processing hub.

China-based Jiangxi Copper has increased its takeover bid for SolGold, valuing the Ecuador-focused gold and copper miner at around £842m ($1.12bn), with the offer rising to 28p per share.

Tomago Aluminium plans to invest at least A$1bn ($665.66m) in its smelter over the next decade while the Australian and New South Wales Governments plan to secure it beyond 2028.