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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.

Petropavlovsk CEO says 'business as usual' despite boardroom battle

23rd July 2020 A boardroom battle for control of Russian gold miner Petropavlovsk should not have an impact on the company's performance and so far has not affected its operations, the group's chief executive said on Thursday. Petropavlovsk, which has a history of such conflicts is embroiled in another... 

'Please mine more nickel,' Musk urges as Tesla boosts production

23rd July 2020 Tesla boss Elon Musk urged miners to produce more nickel, a key ingredient in the batteries that power the company's electric cars, warning the current cost of batteries remained a big hurdle to the company's growth. "Tesla will give you a giant contract for a long period of time if you mine... 

Sasol expects delay in last unit in US project to come onstream

23rd July 2020 Sasol said on Thursday a unit damaged by fire at its Lake Charles Chemical Project (LCCP) should reach meaningful output by October, a month later than previous guidance. Even before a fire earlier this year, the Louisiana plant, which converts natural gas into plastics ingredient ethylene, had... 

Pentagon resumes rare earths funding program after review

23rd July 2020 The US Department of Defense has resumed funding for two projects to process rare earth minerals for military weapons after a review found the grants are in the best interest of the US government, according to documents seen by Reuters. The Pentagon on April 22 awarded Australia’s Lynas and... 

Antofagasta, Zaldivar mine workers extend contract talks to avoid strike

23rd July 2020 One of the world's largest copper producers, Chilean miner Antofagasta, and workers at its Zaldivar mine decided to extend government-mediated talks for a new union contract and avoid a strike, a union source said on Wednesday night. The workers at the mine entered mediation with the government... 

BHP labels English lawsuit over Brazil dam failure pointless, wasteful

22nd July 2020 Anglo-Australian miner BHP has dismissed as pointless and wasteful a £5-billion English lawsuit by 200 000 Brazilian people and groups over the 2015 collapse of a dam that led to Brazil's worst environmental disaster. Kicking off an eight-day hearing in Manchester, northern England, BHP on... 

Iamgold restarts Suriname mine after coronavirus halted operations

22nd July 2020 Canadian gold miner Iamgold said on Tuesday it is restarting operations at its Rosebel gold mine in Suriname that it shut in June after union leaders issued a stop work order in response to employees testing positive for coronavirus. Iamgold in June said it had quarantined the seven infected... 

Pensana seeks cash from banks, UK funds for Angola project

21st July 2020 Pensana Rare Earths is in early stage talks with lenders including Barclays, South Africa's Rand Merchant Bank (RMB) and funds including Fidelity to secure more funding for its Angola project. Chairman Paul Atherley said the miner planned to raise between $30-million and $50-million of working... 

US Army Corps poised to recommend approval of Alaska's Pebble mine

21st July 2020 The US Army Corps of Engineers is poised to give its blessing later this week to an Alaska copper and gold mining project the Obama administration tried to block because of concerns it could harm the state's salmon industry. A final environmental impact statement (EIS) recommending development... 

Vale says Q2 output rises 5.5% despite pandemic

21st July 2020 Brazilian miner Vale said on Monday that its second-quarter iron ore production totalled 67.6-million tonnes, up 5.5% from a year earlier and 13.4% higher than the first quarter, despite the impact of the novel coronavirus. Vale said it was keeping its full-year outlook for iron ore fines... 

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