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Reuters

Reuters is an international news organization owned by Thomson Reuters. Until 2008, the Reuters news agency formed part of an independent company, Reuters Group plc, which was also a provider of financial market data.

Native Americans sue Trump administration over Arizona copper project

13th January 2021 Members of the San Carlos Apache tribe in Arizona on Tuesday said they have sued the Trump Administration to block a pending land swap that would give Rio Tinto the land it needs to build its Resolution Copper project. Apache Stronghold, a non-profit organisation that filed the lawsuit in the US... 

Philippines' Duterte stops mining on 'devastated' southern island

12th January 2021 Philippine President Rodrigo Duterte has ordered a halt to all mining on an island in a southern province that is home to some of the country's nickel projects, a Cabinet official said on Tuesday. Duterte was "very much concerned" about reports that the Tumbagan Island in Languyan, in Tawi-Tawi... 

Gold investors target 'excessive' executive payouts amid deals

12th January 2021 Gold investors critical of lavish executive payouts plan to vote down compensation at upcoming annual shareholder meetings, as soaring prices for the precious metal spur dealmaking. It is the latest knock against an industry that had only recently won back investor favor after being shunned due... 

Germany's Sunfire buys Swiss electrolyser maker IHT

12th January 2021 German clean technology company Sunfire said on Tuesday it has taken over IHT, a Swiss producer of alkaline pressure electrolysers to widen its portfolio and offer more technology choices to produce carbon-free hydrogen. The European Union and Germany aim to create a "green" hydrogen industry... 

Debswana terminates mining contract with Australia’s Thiess

12th January 2021 Debswana Mining Company, owned by De Beers and the Botswana government, said on Tuesday it has terminated a $1.3-billion contract with a unit of Australia's Thiess to extend the lifespan of its Jwaneng diamond mine and will carry out the project in-house. Debswana, among the world’s largest... 

Gold mine explosion in China traps 22 workers underground -Xinhua

12th January 2021 Chinese authorities have dispatched rescue workers to a gold mine in the country's northeast after 22 workers were trapped underground following an explosion, Xinhua news agency reported on Tuesday. The accident happened at 2 pm local time on Sunday in Xicheng Township, located in eastern... 

Mongolia considers terminating Oyu Tolgoi copper mine expansion

12th January 2021 Rio Tinto-controlled Turquoise Hill Resources said on Monday that Mongolia's government is considering terminating the companies' underground expansion of their Oyu Tolgoi copper mine project due to rising development costs. Shares of Turquoise Hill fell as much as 20% in early trading on the... 

Gold edges up from six-week low as equities cool off

11th January 2021 Gold on Monday bounced off a six-week trough as a rally in equities stalled, though gains were capped by a stronger dollar and higher US Treasury yields. Spot gold was up 0.1% at $1 849.64 per ounce by 10:39 GMT, after touching its lowest since December 2 at $1 816.53. Gold last week recorded... 

Zimbabwe gold deliveries tumble nearly a third to 19 t in 2020

11th January 2021 Gold sales to Zimbabwe's sole buyer and exporter of bullion Fidelity Printers and Refiners (FPR) fell 31% to 19 t last year after lower deliveries from small-scale miners, official data showed on Monday. FPR pays US dollars in cash to small-scale gold miners, but a shortage of hard cash caused... 

UK shareholder raises concerns over Rio/BHP Arizona mine

10th January 2021 A leading British local government pension group has urged mining giants Rio Tinto and BHP to clarify how they intend to protect the environment in and around an Arizona copper project that is opposed by many Native American tribes. The Local Authority Pension Fund Forum (LAPFF), a shareholder in... 

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