Petra Diamonds is cutting production targets and implementing cost-saving measures in response to a challenging diamond market. The company aims to navigate these tough times with strategic adjustments.
mining industry
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Gold mining giant Newmont has unearthed a different kind of treasure – recognition for its environmental efforts. The company secured the only…
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Barrick Gold Corporation has denied allegations of human rights abuses at its mining operations, presenting its defense to the UNHRC and emphasizing its commitment to ethical practices and community support.
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Anglo American anticipates a 30% decrease in copper production at Los Bronces mine in Chile, due to extended maintenance scheduled for 2024.
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Nevada Copper is on the brink of shutting down if it fails to secure urgent funding to continue operations.
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In a surprising turn of events, BHP Group walked away from its proposed $49.2 billion takeover of Anglo American Plc. The deal’s demise hinges on a disagreement over Anglo-American’s South African assets. BHP sought to acquire these assets to become the world’s leading copper producer, but Anglo American rejected the deal structure.
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The electric mining vehicle market is forecast to reach $23 billion by 2044. Large batteries, fast charging methods, and the increasing adoption of electric and autonomous mining vehicles are driving this growth. Â
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Strandline Resources announces the sale of its Tanzanian mineral sands asset to focus on its key projects in Australia, aiming to boost growth and shareholder value
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Anglo American announces a global hiring freeze following a $43 billion takeover bid by BHP, aiming to streamline operations and focus on profitable sectors.
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While the current critical minerals market appears stable, uncertainties loom over its future. Rising demand and geopolitical tensions pose challenges that require proactive solutions.