Miners seek partners for copper assets as M&A heats up
Mining News Pro - A flurry of copper mining deals are being lined up for the next six to 12 months, industry sources said, as producers seek to spread the soaring cost of new projects for the metal key to the energy transition.
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Europe’s unwanted coal heads to China and India as heat builds
Mining News Pro - Coal cargoes unwanted in Europe are heading to Asia, where utilities are stockpiling the fuel amid sweltering temperatures heading into the summer.
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Glencore to end silver streaming deal with Wheaton on Peru mine
Mining News Pro - Wheaton Precious Metals agreed to end its so-called silver “streaming” deal with Glencore Plc on Peru’s Yauliyacu mine for $150 million, the Canadian company said on Thursday, so that Glencore could divest the mine.
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Glencore takes heat in Quebec for smelter that spits out arsenic
Mining News Pro - Quebec’s public health director took aim at Glencore Plc for toxic emissions at a copper smelter in the province’s northwest, saying the level of pollution must be brought down quickly because of evidence it’s causing increased risk of cancer and other health problems.
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JPMorgan spoofing cheated gold market
Mining News Pro - JPMorgan Chase & Co.’s gold trading and sales team was so focused on making money that they scammed the market for years with so-called spoofing trades, according to a former colleague who testified at the trial of three former bank employees charged with fraud.
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Guinea junta turns up the heat on bauxite miners
Mining News Pro - The military junta that took control of Guinea in September is heaping pressure on multinational miners to refine raw bauxite, a raw material used to make aluminium, to more advanced materials before export.
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Sabina raises $520 million for Goose mine, including gold stream deal with Wheaton
Mining News Pro - Sabina Gold & Silver (TSX: SBB) announced Tuesday that it has completed final documentation with Orion Mine Finance and Wheaton Precious Metals for a financing package totaling approximately $520 million.
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Wheaton offers $140m for Artemis’ Blackwater mine silver stream
Mining News Pro - Artemis Gold says it has received an offer of C$176 million ($140m) from Wheaton Precious Metals for the silver stream from Artemis’ Blackwater gold project 150 km southwest of Prince George, British Columbia.
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New cell efficiently converts waste heat to energy
Mining News Pro - Scientists at Korea’s Daegu Gyeongbuk Institute of Science and Technology have designed a novel hybrid thermoelectrochemical-concentration cell that outperforms similar state-of-the-art devices and shows promise in utilizing waste heat to generate electricity.
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Battle for Noront heats up with BHP’s sweetened offer
Mining News Pro - BHP opened Wednesday a new chapter on a months-long battle with Wyloo Metals over nickel-copper miner Noront Resources (TSX-V: NOT) by sweetening its all-cash bid for the Canadian company.
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Wheaton Precious Metals revenue hits record
Mining News Pro - Streaming company Wheaton Precious Metals has posted record revenue and cash flow of $655-million and $449-million, respectively, for the first half of 2021, resulting in an increase to its dividend.
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Disused coal mines have potential to heat homes with lower-carbon energy
Mining News Pro - The UK Coal Authority posits that water from flooded coal mines has the potential to be used in the heating of UK homes and industry as a source of lower-carbon energy.
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Copper heats up as global demand spikes
Mining News Pro - It’s no secret that clean energy technologies require a large amount of copper.
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Wheaton enjoys record 2020 revenue of $1.1bn, shares up
Mining News Pro - Wheaton Precious Metals enjoyed record 2020 revenues of $1.1 billion with 627,063 oz. gold-equivalent sold. The figure includes sales of 367,419 oz. gold, 22,9 million oz. silver, and 22,187 oz. palladium.
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Wheaton Precious Metals hikes dividend
Mining News Pro - Despite the Covid-19 pandemic, metals streaming company Wheaton Precious Metals had a productive 2020, delivering value back to its stakeholders, president and CEO Randy Smallwood reported on Thursday, announcing record yearly revenue and operating cash flow.
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Lithium could help control extreme heat in future fusion facilities
Mining News Pro - Researchers at the US Department of Energy’s Princeton Plasma Physics Laboratory have created a plan using liquid lithium to control the extreme heat that could strike the exhaust system inside tokamak fusion reactors.
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Wheaton Precious Metals’ silver linings playbook
Mining News Pro - Earlier this year, Wheaton Precious Metals had a bigger market cap than Telus, which is typically British Columbia’s largest or second-largest publicly traded company.
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Wheaton pays $150m for 50% of Cozamin mine’s silver
Mining News Pro - Wheaton Precious Metals and Capstone Mining have struck a deal whereby the streaming company will pay $150 million for a share of the silver output from Capstone’s Cozamin copper mine in Zacatecas state, Mexico. In 2019 the mine produced 35.84 million lbs. copper, 1.16 million oz. silver, and 18.46 million lbs. zinc.
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Wheaton Precious Metals to trade in London
Mining News Pro - Canada’s Wheaton Precious Metals, one of the world’s largest gold and silver streaming companies, said on Friday it had been approved by the UK financial regulator to list on the London Stock Exchange (LSE), one of the world’s oldest.
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Miners feel investor heat
Mining News Pro - Mining company executives expect pressure from investors on environmental, social and governance aspects of their businesses will only escalate in coming years as issues such as climate change, engagement with traditional owners, and slavery in supply chains garner increasing public attention.
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Precious metals streaming firm Wheaton plans London listing
Mining News Pro - Streaming firm Wheaton Precious Metals said on Sunday it is planning a UK listing by year-end, potentially the largest metals and mining company to join the London Stock Exchange since Glencore in 2011.
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Wheaton`s Smallwood becomes WGC chair
Mining News Pro - The World Gold Council (WGC) has appointed streaming company Wheaton Precious Metals president and CEO Randy Smallwood as its new chairperson.
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US appoints coordinator for Arctic policy as mineral race heats up
Mining News Pro - The Trump administration appointed a coordinator for policy in the Arctic on Wednesday, as Washington prepares to compete with Russia and China on resource extraction in a region quickly melting due to climate change.
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Miners may raise $3 billion in streaming deals, Wheaton CEO says
Mining News Pro - Mining companies may raise as much as $3 billion by selling a share of future output in so-called streaming deals, according to the head of Wheaton Precious Metals Corp.
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Caldas Gold, Wheaton reach $110 million Marmato deal
Mining News Pro - Caldas Gold announced on Monday a $110 million streaming transaction with Wheaton Precious Metals (NYSE: WPM) to expand operations at the Marmato project in Colombia.
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