Established 1835
RESOURCE STOCKS
✕
PROJECT FINANCE

Commodity price tailwinds needed for 29M

Citi not convinced investment in Gossan Valley is best use of new funding

Michael Quinn
Cash inflow would have been been better spent by 29M on debt outflow according to Citi

Cash inflow would have been been better spent by 29M on debt outflow according to Citi | Credits: 29Metals

The destination of the big capital raising announced last week by the indebted 29 Metals hasn't convinced investment bank Citi, which has significantly cut its share price target expectation for the base...

Start a free trial to continue reading this article

Already have an account?

Subscribe now
RELATED ARTICLES
MORE ON THIS TOPIC

FROM OUR PARTNERS

View more
PARTNER CONTENT

Macquarie Arc: Elephants hiding in plain sight

PARTNER CONTENT

BHP builds 'beautiful' Xplor community

MOST POPULAR
1
M&A

Two bids for Glencore's troubled New Caledonian nickel stake

2
MINERS

The curious link between malaria and gold prices

3
LATIN AMERICA

Chile rejects $2.5B Dominga iron, copper mine

4
MINERS

Huge rescue operation underway at flooded mine in India

RESEARCH

lock Premium subscribers only

View more

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

editions

Mining Journal Intelligence World Risk Report 2024 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 117 jurisdictions globally, assessed across six risk categories and an industrywide survey.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

Content
about
SOLUTIONS
legal

THE ASPERMONT BRAND PORTFOLIO

Copyright © 2000-2025 Aspermont Media Ltd. All rights reserved. Aspermont Media is a company registered in England and Wales. Company No. 08096447. VAT No. 136738101. Aspermont Media, WeWork, 1 Poultry, London, England, EC2R 8EJ.

Login