UK Supreme Court rules that sunken WWII silver bars worth $43 million belong to South Africa, denying compensation to the British salvage firm.
Commodities
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CommoditiesExploration & DevelopmentNews
BHP’s Anglo Takeover Bid Threatens $9B UK Fertilizer Project
BHP’s $39 billion bid for Anglo American casts doubt on the future of the $9 billion Woodsmith fertilizer mine, highlighting strategic conflicts in global mining.
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Congo officially questions Apple’s use of conflict minerals, highlighting potential ethical violations in the tech giant’s extensive supply chain operations.
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CommoditiesExploration & DevelopmentFinanceNews
Western Copper and Gold Boosts $29 Million for Yukon Casino Project
Western Copper and Gold is raising $29 million to fund the expansion of the Casino project in Yukon, aiming to enhance its copper, gold, and molybdenum output.
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Gold surges past $2,400, driven by geopolitical concerns; silver hits highs.
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Costco’s monthly sales hit $200 million with booming gold and silver demand.
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Paladin Energy announces the commencement of uranium concentrate production at its Langer Heinrich mine in Namibia, signaling a strategic move amid soaring uranium demand.
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NextSource Materials Inc. is setting the pace with a new battery anode facility in Mauritius, poised to power the future of electric vehicles globally.
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Amidst China’s aggressive investments, the US bolsters ties with Congo’s Gecamines to secure critical cobalt and copper, ensuring diversified and sustainable global supply chains for essential minerals.
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CommoditiesExploration & DevelopmentNews
Fortescue Prioritizes Copper Development, Shies Away from Cobre Panama
Fortescue Metals Group eyes potential copper projects, opting out of the Cobre Panama venture, as it navigates the fluctuating commodities market with a strategic pivot towards copper.