Kaz Minerals bidders up takeover bid to $5.5 billion

Mining News Pro - Nova Resources, the consortium bidding to take copper miner KAZ Minerals private has increased its offer by 9% to £4.02B ($5.5 billion), after minority shareholders said they would reject earlier proposals for being too low.

Botswana names Canadian firm as preferred bidder for copper mine

Mining News Pro - Botswana picked Premium Nickel Resources Corp. as the preferred bidder for its shuttered copper mining group BCL Ltd., according to Mmetla Masire, the permanent secretary for the Ministry of Mineral Resources, Green Technology and Energy Security.

Embedded generation dynamics shifting from ‘buyer’s to seller’s market’

Mining News Pro - Market dynamics for embedded generation projects in South Africa have shifted materially over the past 12 months as an increasing number of mines and power-heavy industrial firms moved to install renewable-energy facilities at a time when government is also starting to resume utility scale procurement.

Eskom approaches court to have R23bn equity injection added back this year

Mining News Pro - State-owned electricity utility Eskom will make the case later this month for the immediate execution of a High Court order stipulating that an amount of R23-billion stripped unlawfully from its allowable revenue in 2019 by the National Energy Regulator of South Africa (Nersa) be added back during its 2021/22 financial year.

Midhco helps to complete the value-added chain of steel in Kerman province

Mining News Pro - Minister of mine, industry and trade said that currently we are in an economic war and the investors must try their best for economy boom and employment.

Cardinal Resources attracts third bidder in takeover war

Mining News Pro - A long-running battle between Nordgold and China’s Shandong Gold over Cardinal Resources has taken an unexpected turn after a Ghanaian firm formally presented on Tuesday an all-cash, unsolicited offer for the Australian miner.

Nouveau Monde puts out call to bidders for electric fleet

Mining News Pro - Set to become an all-electric openpit mine, TSX-V-listed Nouveau Monde Graphite is advancing its procurement process for its fleet and charging infrastructure through an international call for prequalification.

Cheaper diamonds fire life into the hidden world of gem trading

Mining News Pro - For the past six months, the global diamond hubs in Antwerp, Belgium, and Mumbai have been at a standstill, with cutting and polishing factories closed and trading floors shuttered. Now, a capitulation on prices by the biggest miners is sparking the industry back to life.

DNA sequencing could unlock hidden mineral deposits: Geoscience BC

Mining News Pro - Canada’s Geoscience BC has proposed that genomic sequencing can be used as a mineral exploration technique.

Cheaper diamonds fire life into the hidden world of gem trading

Mining News Pro - For the past six months, the global diamond hubs in Antwerp, Belgium, and Mumbai have been at a standstill, with cutting and polishing factories closed and trading floors shuttered. Now, a capitulation on prices by the biggest miners is sparking the industry back to life.

Perfect storm in scrap is copper’s hidden bull driver

Mining News Pro - Copper has gone from doom to boom in the space of a couple of months.

Termite mounds reveal hidden base metal deposits

Mining News Pro - Researchers from Australia’s national science agency, CSIRO, conducted a study in the southern Pilbara region that led them to conclude that hidden metal deposits can be discovered using metallic blue crusts in soils and on termite mounds as signposts.

Banro dangling Congo gold mine to best bidder

Mining News Pro - Canada’s Banro Corporation will put its Namoya gold mine in eastern Congo up for sale at a significant discount, after repeated attacks from armed rebels forced it to halt operations once again in September.

South32 finalising preferred list of coal mine bidders

Mining News Pro - The complete preferred list of bidders for South32’s energy coal interests is still being finalised, South32 CEO Graham Kerr told Mining Weekly Online on Thursday, when he also provided three reasons why the company’s Australian manganese operations are doing better than its South African manganese operations, and also commented on the steps that his group`s aluminium smelters have taken to offer resilience to Eskom`s load-shedding programme.

One million 350 thousand tons are added to the production capacity of Iran’s Coal Concentrate

Mining News Pro - Deputy of IMIDRO’s mining and industries plans mentioned the plan for increasing the capacity of coal concentrate, following the comprehensive steel plan.

Zimbabwe to announce winning bidders for mining assets in two weeks

Mining News Pro - Zimbabwe will announce in two weeks the successful bidders for assets owned by state-owned mining company ZMDC, including gold mines, the mines minister said on Monday, adding more companies would be put on sale at the end of November.

Essar Steel Update: Lenders Choose Arcelor Mittal as Successful Bidder by Issuing Letter of Intent

Mining News Pro - After the reports that the flagship owners of Essar Steel, Ruias had offered a whooping INR 54,000 crore to settle all the claims of the company in order to allow the company to make exit from bankruptcy process under Section 12A of IBC (Insolvency and Bankruptcy Code), the latest update in the case is that Committee of Creditors (CoC) have chosen the preferred bidder, Arcelor Mittal (AM) as the ‘successful bidder’ to take over debt laden Essar Steel.

India: Imported HMS Scrap Trades Reported; Shredded Deals Soften

Mining News Pro - SteelMint learned from market participants that imported scrap market in India observed availability of HMS offers at corrected levels by USD 5-8/MT on slow demand. Market remains less active on still depreciated currency despite slight recovery.

Essar Steel’s Lenders Choose Arcelor Mittal as Highest Bidder Leaving behind Numetal and Vedanta in the Race

Mining News Pro - According to the latest update in Essar Steel’s long-standing bankruptcy case, company’s Committee of Creditors (CoC) has chosen Arcelor Mittal (AM) as the preferred bidder for the insolvent asset ahead of its key competitor Numetal and other contender Vedanta Group.

Essar Steel’s Lenders Choose Arcelor Mittal as Highest Bidder Leaving behind Numetal and Vedanta in the Race

Mining News Pro - According to the latest update in Essar Steel’s long-standing bankruptcy case, company’s Committee of Creditors (CoC) has chosen Arcelor Mittal (AM) as the preferred bidder for the insolvent asset ahead of its key competitor Numetal and other contender Vedanta Group. However, the final bid price will be negotiated over the weeks to come.

Gold Prices Tick Up As ADP Reports 163K Private Sector Jobs Were Added In August

Mining News Pro - Gold saw some support after private-payrolls processor ADP reported lower-than-expected job numbers for August.

CEO of KSC annouced:

Semi hidden and semi-obvious price bubbles in the steel market!

Mining News Pro - Managing director of Khuzestan Steel Company (KSC), criticized the market situation and the non-professional behavior of brokers, and the government`s lack of attention to this issue, said that various ministries of the state did not have the ability to recognize the stages in the formation of production inputs.

Minister of Industry and Mining on National Iranian Industry and Mine Day:

The negative growth of the industry and the mine caused a problem in creating value added

Mining News - Minister of Industry, Mining and Trade at the national ceremony of industry and mining spoke on increasing production capacities over the past four decades, saying that aluminum production capacity has tripled over the past four decades and production of copper and cathode concentrates has been 1.6 million tons.

Sudden rise in copper prices

Mining News - Escondida Workers Strike with Police in March 2017

The growth of 300% of rare earth elements in the country was added to the country`s gold reserves of 50 tons

Mining News: Deputy Minister of Industry, Mines and Trade and chairman of the IMIDRO board of directors announced the increase of 300% of the reserves of rare and rare minerals in the country.

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