France’s $1.6 billion uranium deal with Mongolia faces delays
France said in October it wants to give landlocked Mongolia, which is situated between Russia and China, “the means to benefit from greater strategic sovereignty” in the face of “two extremely powerful neighbors.”
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Funds return to LME nickel with $4.6 billion in short positions
Mining News Pro - Investors are returning to the London nickel market with hefty bets that prices will fall, in a trend could set the stage for a fresh bout of volatility after steep declines this year.
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Tata to build $1.6 billion Indian EV battery plant, Gujarat says
Mining News Pro - India’s salt-to-software conglomerate Tata Group signed an agreement with the Gujarat state government to set up a giga-factory for manufacturing lithium-ion cells, with an estimated initial investment of around 130 billion rupees ($1.6 billion).
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Hurdles loom for Newmont’s $19.6 billion bid for Newcrest
Mining News Pro - Newmont Corp’s A$29.4 billion ($19.6 billion) offer for Australia’s Newcrest Mining faces hurdles including winning approvals from shareholders and regulators, and the full backing of the target’s board, analysts said on Wednesday.
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Brazil okays BHP’s $6.6 billion acquisition of OZ Minerals
Mining News Pro - Brazilian regulators have cleared BHP’s intended acquisition of Australian copper-gold producer OZ Minerals for A$9.6 billion ($6.6bn), bringing the world’s no.1 miner closer to securing its biggest deal in more than a decade.
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British Columbia spent $13.6 billion on mineral exploration in 2022
Mining News Pro - British Columbia had record spending on mineral exploration in 2022 and there are eight new mines or mine expansions in the queue, Premier David Eby said Monday at the opening of the Association of Mineral Exploration (AME) Roundup conference in Vancouver.
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Sanctioned Russian’s family sells $6 billion stake in Polyus
Mining News Pro - Said Kerimov, the son of sanctioned Russian billionaire Suleiman Kerimov, resigned from the board of gold miner Polyus PJSC on Monday, the same day his family’s holding company reduced its stake in the business to less than 50%.
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Canada to invest $1.6 billion on mineral strategy for EV battery supply chain
Mining News Pro - Canada’s federal budget will include an investment of at least C$2 billion ($1.6 billion) for a strategy to accelerate the production and processing of critical minerals needed for the electric vehicle (EV) battery supply chain, two senior government sources said.
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Canada’s Trans Mountain pipeline expansion soars to over $16 billion
Mining News Pro - The capital cost of completing the twinning of the Trans Mountain pipeline has soared to a whopping C$21.4 billion ($16.7bn).
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Nornickel ups investment forecast by $6 billion over next decade
Mining News Pro - Russia’s Norilsk Nickel said it has raised its 2021-2030 investment estimate by $6 billion to $35 billion to reflect higher construction costs and increased investment in energy infrastructure upgrades.
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Organisers of Nordgold IPO see its value at $5.1-$6.6 billion
Mining News Pro - Two organisers of an initial public offering (IPO) for Russia-focused gold producer Nordgold see its equity value at $5.1-billion to $6.6-billion, three financial market sources told Reuters on Thursday.
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China’s top lithium miner struggles to pay $6 billion debt
Mining News Pro - China’s Tianqi Lithium Corp., the country’s top producer of the battery metal, is facing mounting pressure to repay over $6 billion in debt that helped it finance an ambitious expansion overseas in the past two years.
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Vale sees $1.6 billion impairment charge for Q4 in New Caledonia write down
Mining News Pro - Brazilian miner Vale SA, the world’s top nickel producer, will write down its New Caledonia mine and incur a non-cash impairment charge of about $1.6 billion in the fourth quarter, the company said on Tuesday in a securities filing.
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Recycled lithium batteries market to hit $6 billion by 2030
Mining News Pro - Electric vehicles (EVs) are catching on faster than even their most ardent supporters ever expected, which inevitably means the pile of spent lithium-ion batteries that once powered those cars is also rising fast.
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$6 billion private capital ready to invest in mining
Mining News Pro - Private capital tracker Preqin says in an report, that contrary to expectations, 2018 was another bumper year for the industry, particularly for natural resources investments.
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Citigroup says Venezuela deal covered $1.6 billion in gold
Mining News Pro - Citigroup Inc. said it entered into a financing deal with Venezuela’s central bank in 2015 essentially using $1.6 billion of gold held at the Bank of England as collateral.
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Platinum price gets $6 billion shot in the arm
Mining News Pro - On Thursday, platinum futures dipped below $800 an ounce as the metal slides back to near 15-year lows first reached in August.
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IMIDRO Support for 156 billion Rials to developing communication with the university
Mining News Pro - Over the period 2013-2017, IMIDRO spent more than 156 billion Riyals on developing industry-to-university communication from the point of view of Article 17 of its statute.
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The financial commitment of the Industry and Mine Bank in the transportation sector amounts to 6 billion euros
Mining News Pro - The bank is committed to providing significant financing for the development of the transport sector, especially in the rail transport sector, and the pledge is estimated to reach 6 billion euros, the managing director of the Industry and Mine Bank said.
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