This post was originally published on this site. Shares in Spain’s Abenójar Tungsten (LON: ABT) gained on their London Stock Exchange debut Friday after the company raised €170 million ($190 million) in the city’s largest mining initial public offering since 2018. The company priced its IPO at 110 pence per share Tuesday, when conditional trading began. The shares rose almost 3% to 105 pence in early-afternoon trading Friday, remaining below its offering price. “Today marks a truly significant milestone for ABT as we join the Main Market of the London Stock Exchange,” CEO Gonzalo García San Miguel said in a...

This post was originally published on this site. Chile’s state-owned miner Codelco has dismissed eight people, including senior executives, after investigations into over-reported copper production uncovered new evidence of irregularities, deepening the fallout from an accounting scandal at the copper giant. The dismissals span the Chuquicamata, Ministro Hales and Salvador divisions as well as the Santiago headquarters, the company said. They include Salvador general manager Patricio Viveros and managers responsible for mineral resources and development at the three divisions. “Transparency and integrity are completely non-negotiable principles in our state-owned companies,” Chilean Mining Minister Daniel Mas said in a statement published...