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.
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Mag Silver shares surge on Juanicipio mine’s mineral resource update
Shares of MAG Silver rose on Thursday following the release of a new mineral resource estimate for the Juanicipio silver-gold-zinc-lead mine in the state of Zacatecas, Mexico.
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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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Kumba Iron Ore to cut 490 jobs as rail crisis hits output, shares fall
Kumba Iron Ore shares fell more than 5% on Tuesday after it announced plans to cut about 490 jobs, following a reduction in production as it struggles to overcome South Africa’s persistent rail bottlenecks.
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First Quantum shareholder SailingStone told miner about ‘missed opportunities’
SailingStone Capital Partners, one of First Quantum Minerals’ FM.TO largest shareholders, said on Monday it had told the Canadian miner about historic “missed opportunities” in the management of its balance sheet and a range of options to bring down its leverage.
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Share of Russian aluminum in LME warehouses rises to 90% after UK curbs
Mining News Pro - The share of available aluminum stocks of Russian origin in London Metal Exchange-approved (LME) warehouses rose to 90.4% in December from 78.8% in November, data on the exchange’s website showed on Wednesday.
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Atico shares surge on long-term extension for La Plata mining concession in Ecuador
Mining News Pro - Shares of Atico Mining (TSXV: ATY) surged by double-digit percentage points on Thursday after the company obtained a 25-year extension for the mining concession at its La Plata project in Ecuador.
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Aneka Tambang sells shares of subsidiaries to world’s biggest EV battery company
Mining News Pro - Indonesian miner Aneka Tambang has sold shares worth $467.18 million in two of its subsidiaries to a unit of the world’s biggest electric vehicle battery maker, China’s Contemporary Amperex Technology Co (CATL).
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Allkem shareholders approve $10.6bn Livent lithium merger
Mining News Pro - Investors in Australian lithium producer Allkem voted on Tuesday to accept a $10.6 billion merger offer from US giant Livent that would create one of the world’s biggest lithium companies.
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Anglo American’s falling shares fuel takeover rumours
Mining News Pro - Speculation about Anglo American (LON: AAL) becoming the target of a takeover by a rival or a private equity firm keeps mounting, as shares in the diversified miner continue to fall.
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Gecamines to push for copper, cobalt trading share
Mining News Pro - Congo’s State mining group Gecamines said it will push to secure the rights to buy copper and cobalt at mines it has holdings in, as it attempts to build its own stocks and trade the metals.
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Sigma Lithium shares jump as it posts first quarterly profit
Mining News Pro - Sigma Lithium reported on Wednesday a revenue of $97 million for the third quarter of 2023, marking the company’s first revenue-generating quarter.
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Atlantic Lithium shuns takeover by major African shareholder
Mining News Pro - Atlantic Lithium (AIM: ALL, ASX: A11) is once again turning down a proposed takeover by major shareholder Assore International Holdings, which has offered to acquire the company at a price of £0.33 per share (A$0.63).
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Lynas shares jump as Malaysia allows key plant extension
Mining News Pro - Shares of Lynas Rare Earths hit their highest in over a month on Wednesday, extending gains, after Malaysia allowed the miner to operate its flagship refinery locally with a variation to the operating licence.
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Teck shares are back where they started before Glencore offer
Mining News Pro - Teck Resources has come full circle: After a tumultuous seven months kicked off by an unsolicited takeover offer from Glencore Plc that sent the Canadian firm’s stock soaring, its shares are now back where they began.
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Newmont clears regulatory hurdle for Newcrest deal, awaits shareholder vote
Mining News Pro - Gold miner Newmont Corp said on Monday it has received a clearance from Australia’s Foreign Investment Review Board to proceed with its proposed A$26.2 billion ($16.86 billion) takeover of Australia’s Newcrest Mining.
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Investors glimpse opportunity in Europe’s unloved mining shares
Mining News Pro - Investors are finally seeing potential in European mining shares, as China’s step-by-step economic stimulus is steadily laying the foundations for a recovery of the unloved sector.
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Mobarakeh Steel Company accounted for the largest share in foreign exchange savings
Mining News Pro - Last year, Mobarakeh Steel Company accounted for the largest share in foreign exchange savings with 170.1 million dollars.
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Champion Iron shares rise after update boosts Bloom Lake resources by 40%
Mining News Pro - An update for Champion Iron‘s Bloom Lake mine in northeast Quebec has increased measured and indicated resources by 40% and inferred resources by 360%, boosting company shares by more than 6% on Wednesday.
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Anglogold Ashanti shareholders approve South Africa exit
Mining News Pro - Anglogold Ashanti shareholders on Friday voted in favour of the miner’s plans to switch its primary listing from Johannesburg to New York, the company announced, clearing the way for its exit from South Africa.
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Anglogold Ashanti shareholders approve South Africa exit
Mining News Pro - Anglogold Ashanti shareholders on Friday voted in favour of the miner’s plans to switch its primary listing from Johannesburg to New York, the company announced, clearing the way for its exit from South Africa.
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The 33.2% share of Mobarakeh Steel Group in the 8.8% growth of Iran's steel production
Mining News Pro - The vice president of operation of Mobarakeh Steel said: The report of the World Steel Association in May 2023 indicates that despite the 5.1% decrease in global steel production, the steel production of Iran has experienced an 8.8% growth, and Mobarakeh Steel Group has increased by 33% during this period. It has produced 2% of the country's total steel.
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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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Botswana president insists on bigger share of diamonds from De Beers venture
Mining News Pro - Botswana will not back down on demands for a bigger share of rough diamonds from its joint venture with De Beers, President Mokgweetsi Masisi said on Thursday, upping the stakes as talks for a new sales deal appear to be stalling.
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Polymetal plays down scope of sanctions as London-listed shares tank
Mining News Pro - Gold producer Polymetal International PLC sought to play down the impact of US sanctions on its Russian operations as its London-listed shares tanked on Monday, emphasizing that the restrictions did not affect its business outside Russia.
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