Peabody falls as production issues, weather crimp coal sales
Peabody Energy Corp. shares sunk to the lowest in seven months after the biggest US coal miner warned that first-quarter sales will be lower than expected due to production issues at mines in Australia and weak demand in the US.
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49% growth in the sales of Nicico in the first eleven months of 1402
Mining News Pro - Amir Khormishad, the CEO of the National Copper Industries Company of Iran, announced the 49% growth of the company's sales in the first eleven months of this year, compared to the same period last year in the capital market, and the realization of the plans formulated in the eleven months of the company's production performance.
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Polymetal shareholders approve sale of Russian assets
Shareholders of precious metals producer Polymetal International approved the sale of its Russian assets to a Siberian gold miner, the company said on Thursday.
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Debswana diamond sales down 25.1% in 2023 on weak demand
Debswana Diamond Company’s sales of rough diamonds fell 25.1% in 2023, data released by Botswana’s central bank late on Thursday showed, as an economic slowdown hit demand for luxury items in the U.S. and China and competition from lab-grown gems increased.
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Polymetal to drop out of top 10 gold miners on Russia sale
Polymetal International Plc will no longer rank among the world’s top 10 gold miners by output after the sale of its Russian business, which was sanctioned by the US last year due to the invasion of Ukraine.
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Vale’s 2023 iron ore output tops guidance, but sales fall
Vale’s iron ore production grew 4.3% in 2023, topping the Brazilian miner’s estimate for the year, while shipments of the commodity fell slightly, the company said on Monday.
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Brazil probes Mercado Libre sales of mercury used by illegal gold miners
Public prosecutors chasing illegal gold mining in Brazil’s Amazon region on Wednesday opened an investigation into on-line sales of mercury through Mercado Libre, Latin America’s largest e-commerce site.
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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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Cleveland-Cliffs clashes with US Steel as sale process gets underway
Mining News Pro - US Steel Corp is locked in a spat with rival steelmaker Cleveland-Cliffs Inc over a confidentiality pact that would allow the latter to participate in a sale process that is underway, people familiar with the matter said on Wednesday.
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No quick end for sale of Teck’s coal unit as mining giant weighs more bids than expected
Mining News Pro - Canada’s Teck Resources is surprised by the global interest in its coal business, suggesting that bidders such as Switzerland’s Glencore will face a highly competitive bidding process whose outcome will not be known quickly.
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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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Crystallex gets priority in proceeds from Citgo owner share sale
Mining News Pro - A US judge ruled Crystallex International Corp. will get first dibs among Venezuela’s creditors when shares in Citgo Petroleum Corp.’s parent company are sold at auction in October, which would help to pay $1.2 billion awarded to Crystallex as compensation for a gold mine seized more than a decade ago.
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Silver Lake eyes worst day in eight years as sales outlook disappoints
Mining News Pro - Silver Lake Resources (SLR) is set for its worst session in eight years on Monday as record annual output failed to make up for an unflattering sales outlook.
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Biden’s electric car sales plan to strain critical mineral supplies
Mining News Pro - Stellantis NV and Toyota Motor Corp. blasted a Biden administration plan to squelch auto pollution, saying it would compel aggressive and unrealistic sales of electric vehicles that strain critical mineral supplies.
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38.7% jump in Mobarakeh Steel Company sales revenue this year
Mining News Pro - The CEO of Mobarakeh Steel Company said that the sales revenue of Mobarakeh Steel Company has grown by 38.7% in the first 4 months of this year compared to the same period last year.
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De Beers agrees to give Botswana more rough diamonds in new sales pact
Mining News Pro - Botswana and De Beers Group have agreed to a new diamond sales deal in which the African country, the world’s No. 1 diamond producer by value, gradually increases the share of rough stones it gets from their joint venture Debswana over the next decade to 50%, the government and the mining company said on Saturday.
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Chadormalu broke the sales record in the first 4 months
Mining News Pro - Chadormalu Mining and Industrial Company earned 18 thousand billion Tomans from the sale of its products in the 4 months ending in July. This amount of sales of Chadormalu has grown by 16% compared to the same period last year.
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Chadormalu won the first place in the sales index
Mining News Pro - In the 25th conference of Iran's top 500 companies, Chadormalu Mining and Industrial Company won the first place in the sales index and the first place in the productivity factors of exploration, extraction and extra services.
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Rio Tinto, Marubeni agree on first sale of high-purity aluminum
Mining News Pro - Global miner Rio Tinto and Japanese trading house Marubeni Corp said on Thursday they had agreed to conduct a first sale of a high-purity aluminum to a customer in Japan.
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Visit: 178
India’s JSW Steel sees exports at more than 10% of 2022/23 sales
Mining News Pro - India’s JSW Steel expects its exports to pick up in the current quarter through March, boosted by the withdrawal of an export tax and robust demand from the Middle East and Asia, a senior company executive said on Saturday.
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Visit: 305
Condor Gold puts La India project in Nicaragua up for sale
Mining News Pro - The La India project covers a 588 square kilometre land package, that holds 12 contiguous and adjacent concessions.
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Visit: 407
Russia’s Rusal: 2023 sales pick up after LME decision
Mining News Pro - Rusal’s sales had already exceeded 76% of its primary aluminum and value-added production for 2023, the company said, confirming an earlier source-based report by Reuters.
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China's Fosun to raise $561 million from mining sale stake
Mining News Pro - The transaction announced on Monday is the second time Fosun has sold Zhaojin stock and has raised $663.73 million from both deals.
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EV battery hopeful Britishvolt holds talks on UK site sale as outlook dims
Mining News Pro - The UK’s push to develop a homegrown electric-vehicle battery giant is under threat as three-year-old Britishvolt Ltd. discusses a sale of its main factory site, according to people familiar with the matter.
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NorZinc agrees on sale to shareholder RCF
Mining News Pro - In a move to ensure the long-term viability of its Prairie Creek project located in the Northwest Territories, NorZinc (TSX: NZC) has agreed to a sale to RCF VI CAD LLC following a unanimous decision by the board of directors, which has been working to address the company’s financial challenges, namely limited cash and negative working capital, to fund the project’s development.
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