Istim Metals faces backlash for introducing high warehouse fees, leading to disputes at the London Metal Exchange and complaints over aluminum market disruption.
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Filo Corp. shareholders have approved the $4.1 billion acquisition by BHP and Lundin Mining, bringing the companies closer to finalizing the major mining deal. The acquisition includes Filo del Sol and the JosemarÃa projects, set to boost copper and gold production in Latin America.
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CommoditiesExploration & DevelopmentNews
Zijin Eyes Expansion to Make Congo Copper Mine a Global Giant
Zijin Mining plans to expand the Kamoa-Kakula copper mine in Congo to 1 million tons annually, aiming to rival the world’s largest copper producers
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African Rainbow Minerals declares a strategic focus on high-grade ore and waste reduction in its PGM operations, aligning with industry trends in sustainability and efficiency.
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DRDGOLD and The Innovation Hub are partnering to train 50 unemployed youth in Gauteng, focusing on mobile repair, data annotation, and graphic design through a R2.5 million program.
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Copper prices surged past $10,000 per tonne as China unveiled fresh stimulus measures for its real estate market. The economic push boosted demand and sent mining stocks soaring, with key players like Glencore and BHP seeing major gains.
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Koryx Copper has raised $7.4 million to further explore its Haib copper project in Namibia, boosting resources and resuming development after a legal victory
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Gemfields announces a 21% earnings drop due to Sedibelo Resources’ write-down and lower revenues at key mining operations, including Kagem and Montepuez Ruby Mining (MRM).
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Pan African Resources has joined the US Gold Miners Index, a significant step for the South African mining sector, enhancing visibility and attracting global investment.
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Nippon Steel has won arbitration approval for its $14.9 billion buyout of US Steel, addressing union concerns while facing political opposition ahead of the presidential election.