Russian court orders Glencore to pay shares worth 114.8m euros in Sberbank lawsuit

A Russian arbitration court ruled on Monday that four units of Swiss commodities trader Glencore will pay more than 11.4 billion roubles, or some 114.8 million euros, worth of shares in a lawsuit filed by Sberbank, according to the court.

US, EU set to miss critical minerals agreement this week

A US and European Union push to reach an accord on fostering critical mineral supply chains is set to miss another target this week, according to people familiar with the discussions.

Deutsche Bank says Glencore may weigh listing move to US

Glencore Plc may consider switching its primary listing from London to New York, analysts at Deutsche Bank AG predicted, in what would be the most high-profile exit from the UK exchange to date.

Northvolt starts battery plant work in win for Europe’s industry

Northvolt AB is starting construction of a €5 billion ($5.4 billion) battery plant in northern Germany to supply electric cars, capping an intense lobbying effort under newly relaxed European Union state aid rules.

Perseus extends OreCorp takeover bid to April

Australia’s Perseus Mining is not giving up on its plans to acquire African gold developer OreCorp, releasing on Friday a second supplementary bidder’s statement that extends its off-market offer to April 19.

Sibanye-Stillwater, Heraeus team up to save palladium

Precious metals producer Sibanye-Stillwater (JSE: SSW)(NYSE: SBSW) has teamed up with metals trader and recycling company Heraeus Precious Metals to explore new uses for platinum-group metals (PGM), particularly palladium, in the hydrogen market.

Plaintiffs demand 582m euros from TÜV Süd over Brazil dam burst

More than 1,400 plaintiffs are demanding over 582 million euros ($634 million) in damages from German industrial inspector TÜV Süd over its alleged role in the deadly collapse of a dam in Brazil, their lawyers said on Thursday.

Aluminum price jumps after report EU may sanction Russian metal

Aluminum rallied in London after Politico reported that the European Union is considering sanctions on Russian aluminum ahead of the second anniversary of the invasion of Ukraine.

OreCorp rebuffs latest takeover bid as Perseus-Silvercorp battle rages

OreCorp has rejected Perseus Mining’s new takeover bid as it battles Silvercorp Metals to obtain the Nyanzaga gold project in Tanzania.

Biden extends EU steel, aluminum tariff exemption for 2 years

Mining News Pro - US President Joe Biden on Thursday extended the suspension of tariffs on European Union steel and aluminum for two years to continue negotiations on measures to address overcapacity and low-carbon production.

Biden extends EU steel, aluminum tariff exemption for 2 years

Mining News Pro - US President Joe Biden on Thursday extended the suspension of tariffs on European Union steel and aluminum for two years to continue negotiations on measures to address overcapacity and low-carbon production.

Russia says it will have no trouble skirting latest EU sanctions

Mining News Pro - Russia said on Tuesday it would have no difficulty skirting the latest package of EU economic sanctions, which notably target its diamond exports.

Fortescue gets 200 million euros for Norway green ammonia plant

Mining News Pro - Australia’s Fortescue on Friday said it received 200 million euros ($219.3 million) from the European Union (EU) for its Holmaneset Project, a flagship green ammonia plant in Norway.

South32 yet to invoke force majeure in Colombia

Mining News Pro - South32 Ltd. told contractors and suppliers at its Colombian nickel operations to scale back to essential activities as community protesters block the movement of people and supplies to the giant open pit mine and smelter.

NICICO participated in the 2nd Eurasia Expo 2023

Mining News Pro - The second exclusive Eurasia Expo will be held at the permanent location of the Tehran International Exhibition with the presence of the National Copper Industries Company of Iran.

EU and US delay key trade meeting amid deadlock in negotiations

Mining News Pro - A trade meeting between the US and European Union due to take place next month is expected to slip to early next year as the two allies remain deadlocked in talks about steel and critical minerals.

European companies exploring ways to boost rare metal supply

Mining News Pro - European companies are exploring ways to replace the gallium and germanium supply put at risk by China’s export curbs after pressure from EU authorities, but the industry says incentives will be needed to make critical mineral production viable.

EU Commission proposes Russian diamond ban

Mining News Pro - The European Commission has proposed a ban on imports of diamonds and liquid petroleum gas from Russia and also to tighten implementation of a price cap on Russian oil as part of new sanctions against Moscow, EU diplomats said on Wednesday.

EU makes deal to boost domestic supply of key raw materials

Mining News Pro - The European Union reached a deal on measures to become more self-sufficient in the key raw materials it needs to help power the clean energy transition.

US will extend EU metals tariff exemption if needed

Mining News Pro - The United States will roll over its suspension of tariffs on European Union steel and aluminum if the two sides need more time to agree on measures to address overcapacity and low-carbon production, the US ambassador to the EU said on Wednesday.

EU, US could agree on critical minerals despite steel failure

Mining News Pro - The European Union and the United States could reach a deal on critical minerals over the coming weeks or months despite their failure to agree an accord on steel and aluminum, French Trade Minister Olivier Becht said on Friday.

Some EU states baulking at streamlined mine permitting, says commissioner

Mining News Pro - Some European Union members are pushing back on efforts to streamline the application process for new mines and processing plants for critical minerals under proposed legislation, a European Commission official said on Tuesday.

UK risks losing out to Europe in hydrogen energy race

Mining News Pro - In 2021, the UK set out a bold ambition to become a ‘global leader in hydrogen’ by 2030. Two years later, delivery is falling short and it’s dropped behind European rivals jostling for a piece of the market.

US optimistic it will reach critical minerals deal with EU

Mining News Pro - The United States is optimistic it will conclude an agreement with the European Union to allow critical minerals mined or processed in Europe to qualify for US clean vehicle tax breaks, a senior US official said on Monday.

European insurers are underwriting 30% of US coal, study says

Mining News Pro - Some of Europe’s biggest insurers are underwriting close to a third of the coal production that takes place in the US, even after pledging to target net zero emissions, according to a report by climate campaign group Insure Our Future.

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