Vale buys remaining 45% stake in Alianca Energia for $541 million
Brazilian miner Vale said in a filing on Wednesday it had signed a contract to buy a 45% stake in Alianca Energia from Cemig GT, a subsidiary of energy firm Cemig, for 2.7 billion reais ($540.9 million).
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Piedmont Lithium to sell remaining stake in Sayona Mining for $39 million
US miner Piedmont Lithium said on Wednesday it would sell its remaining shares in Australian miner Sayona Mining for about A$59.9 million ($39.28 million).
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The 5% taxes on the export of sponge iron remains in place
Mining News Pro - Khuzestan Steel Sales Vice President said: From the beginning, we did not have 20% tax for the export of sponge iron, and until today we have exported this product with 5%, which of course, this percentage is not reasonable even in the summer when we have a surplus of products.
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Goldman veteran Jeff Currie remains bullish on commodities this year
Mining News Pro - Jeff Currie, who spearheaded commodities research at Goldman Sachs Group Inc. for almost three decades, remains bullish on the sector for this year.
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Mexico finds first remains of coal miners lost in 2022 accident
Mining News Pro - Mexican authorities have located remains from two of the 10 coal miners trapped and killed at the El Pinabete mine in the state of Coahuila in August 2022, the government said in a statement on Thursday.
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Teck Resources says restructuring remains ‘priority’ as Q3 underwhelms
Mining News Pro - Teck Resources was progressing “expeditiously” on a split of its coal and copper businesses, the Canadian miner said on Tuesday, after missing quarterly profit estimates on weak sales of steelmaking coal.
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BHP plans to keep remaining coal after completing mine sales
Mining News Pro - BHP Group Ltd., the world’s biggest miner, plans to keep its remaining metallurgical coal assets after completing an existing sale process, pointing to a strong outlook for higher-quality raw materials.
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Gold price at highest in over two weeks ahead of Powell remarks
Mining News Pro - Gold inched higher on Wednesday, reaching its highest in over two weeks, as both the US dollar and Treasury yields retreated ahead of Federal Reserve Chair Jerome Powell’s upcoming speech.
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Teck planning full exit from coal business, in event of partial sale will spin off remainder
Mining News Pro - Teck Resources (TSX: TECK-B) intends to completely exit its coal business, but in the event of only a partial sale, would spin off the remainder to ensure a clean break, a source familiar with the situation said.
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Glencore to buy remaining 18% stake in PolyMet Mining
Mining News Pro - PolyMet Mining Corp on Monday accepted Glencore Plc’s proposal to buy the remaining 18% stake in the company for about $73 million.
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Teck Resources should remain in Canada
Mining News Pro - Teck Resources Ltd, which is trying to fend off an unsolicited $22.5 billion takeover offer from Glencore Plc, should remain headquartered in Canada and help the country expand its critical minerals industry, Finance Minister Chrystia Freeland said on Monday.
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Currency markets wobble after Credit Suisse deal as Fed remains acid test
Mining News Pro - Currency markets fluctuated amid thin volumes after Switzerland brokered a rescue of Credit Suisse Group AG, with traders weighing the deal’s impact on the Federal Reserve’s monetary-tightening path.
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Remarkable environmental activities of Iran Alumina Company in Taash Mine
Mining News Pro - CEO of Iran Alumina Company said: Iran Alumina's environmental measures in Tash Mine have been unprecedented.
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En+ says Rusal remains in full compliance with US regulations
Mining News Pro - The chairman of EN+, which owns a 57% stake in aluminum producer Rusal, dismissed media reports that Washington is weighing restricting imports of Russian metal, saying Rusal remained in full compliance with US regulations.
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LME says market to remain open despite queen’s funeral
Mining News Pro - The London Metal Exchange (LME) will remain open on Sept 19, the day of the funeral of Queen Elizabeth, even though it has been declared a public holiday, the exchange said on Tuesday.
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Ancient remains found at Glencore’s project in Argentina
Mining News Pro - A mine worker at Glencore’s El Pachón copper and molybdenum project in Argentina’s San Juan province bumped into human remains while performing some road cleaning duties over the weekend.
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The Race to Remake the $2.5 Trillion Steel Industry With Green Steel
In the city of Woburn, Massachusetts, a suburb just north of Boston, a cadre of engineers and scientists in white coats inspected an orderly stack of brick-sized, gunmetal-gray steel ingots on a desk inside a neon-illuminated lab space.
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Ten Mexican miners remain trapped in coal mine after three rescued
Mining News Pro - Rescuers in Mexico, including dozens of soldiers, were working desperately on Wednesday to reach ten miners trapped in a flooded coal mine following the collapse of an inner wall, the ministry handling the disaster said.
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Gold to remain relevant as hedging asset in H2 despite headwinds
Mining News Pro - Despite headwinds created by rising interest rates, the strategic and tactical role of gold will likely remain relevant to investors during the second half of 2022, particularly while uncertainty stays elevated, according the World Gold Council (WGC).
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BHP, Evolution remain upbeat despite COVID challenges
Mining News Pro - BHP and Evolution Mining have managed respective hurdles with inclement weather and COVID during the March quarter, but full-year targets remain largely optimistic.
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Remarkable physical progress for Iran Alumina project In Khorasan
Mining News Pro - Iran Alumina Company currently has 15 projects in progress which had 60 percent progress this year.
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How Many BTC Remain to be Mined?
Mining News Pro - The 19 millionth Bitcoin was mined, leaving just 2 million BTC to be mined over the next 100 years.
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De Beers latest sale shows diamond demand remains strong
Mining News Pro - De Beers, the world’s top diamond producer by value, saw sales jump by 18% in the second cycle of 2022 compared to the same period last year, attesting to the industry’s consolidated recovery from the first pandemic-induced shutdowns.
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GolGohar produces a remarkable share of Iran’s concentrate and pellet
Mining News Pro - GolGohar Company produce a total of 33 percent of concentrate and 25 percent of pellet in Iran.
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Implats acquires 24% of Royal Bafokeng, offers to buy out remaining shares
Mining News Pro - Impala Platinum, also known as Implats, said on Monday it would make an offer to buy out smaller rival Royal Bafokeng Platinum (JSE: RBP) in which it acquired a 24.5% stake for 10.6 billion South African rand last week.
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