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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.

Zimbabwe central bank to form new gold refining unit, sell shares to miners

17th December 2020 Zimbabwe's central bank will unbundle its gold refining and printing unit into two separate companies and sell a majority stake in the new gold refinery business to miners, governor John Mangudya said on Wednesday. Reserve Bank of Zimbabwe's Fidelity Printers and Refiners (FPR) is the sole buyer,... 

Polish coal boss warns of unemployment jump if mines close too fast

16th December 2020 A rapid closure of coal mines will lead to a jobless rate of up to 50% in some towns in Poland's southern coal region of Silesia, the chief executive of the country's biggest coal producer PGG said on Wednesday. Poland generates most of its electricity from burning coal and is the only European... 

B2Gold says Mali mine not affected by general strike

16th December 2020 Gold miner B2Gold on Tuesday said operations at its Fekola mine in Mali had not been affected by a five-day nationwide strike by the West African nation's main workers union. The National Union of Malian Workers (UNTM), which says it represents 80% of Mali's unionised workers, launched the... 

Fire breaks out at Vale mine amid protests in New Caledonia

15th December 2020 A fire broke out at nickel mining facilities owned by Brazil’s Vale in New Caledonia during local protests, the company said on Monday, as a simmering political dispute on the Pacific Island shows no signs of abating. Vale said its processing plant, located 7 km away, was secure and being... 

Rio Tinto willing to help improve iron-ore pricing system - China steel body

15th December 2020 Miner Rio Tinto is willing to work with iron-ore consumers to review the pricing mechanism for the steelmaking ingredient, the China Iron & Steel Association (CISA) said, as near-record high prices squeeze margins at Chinese mills. CISA recently called on regulators in China, the world's top... 

Strike averted at Antofagasta's Centinela as union accepts contract offer

15th December 2020 A workers union at Antofagasta´s Centinela copper mine in Chile agreed on a labour agreement with the Chilean miner, a union leader said on Tuesday, averting the threat of a strike. The agreement followed the company's offer of a 36-month contract, a 2% salary increase and contract-signing... 

De Beers extends 10-yr Botswana sales deal on coronavirus delays

15th December 2020 Diamond miner De Beers said on Tuesday it had extended a ten-year sales agreement with Botswana by a year due to logistical challenges caused by the coronavirus pandemic, allowing the two sides more time to negotiate. The Anglo American unit, which is 15% owned by the government of Botswana, saw... 

Ethiopia revokes licences of 63 mining companies - Minister

15th December 2020 Ethiopia has revoked the mining licences of 63 companies due to breach of contract, the mines minister said on Tuesday without providing any names. The mining companies breached contract rules, failed to renew their licences, or not made royalty payments, Mines Minister Takele Uma said,... 

Freeport lower 2021 copper charges signal sixth drop for benchmark

15th December 2020 Freeport-McMoRan has agreed copper treatment and refining charges (TC/RCs) for 2021 with four Chinese smelters at 4% below this year's terms, an executive from the miner said, signalling a sixth straight drop in the annual benchmark. Freeport agreed charges of $59.50 a tonne and 5.95 cents a... 

Some big Mali gold mines say not affected by general strike

14th December 2020 A five-day general strike launched by Mali's main workers union on Monday has not affected operations of some of the big international gold mining firms in the country, company representatives said. The National Union of Malian Workers (UNTM), which says it represents 80% of Mali's unionised... 

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