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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.

AngloGold prices $700m notes offering

29th September 2020 Gold miner AngloGold Ashanti on Tuesday priced the offering of a $700 million principal amount of 3.750% notes due 2030 to help repay a part of its $1.4-billion credit facility, which will become its primary short-term funding facility. The company said its $1-billion syndicated bridge loan... 

Iron-ore extends gains as Vale halts Viga plant operations

29th September 2020 Iron-ore futures rose on Tuesday after miner Vale said it was suspending operations at a concentration plant in Brazil, though trading was subdued as market activity winds down ahead of China's October 1-8 National Day holidays. The steelmaking ingredient's most-traded January 2021 contract on... 

Thai villagers 'reclaim' land after 26-year fight over mine

29th September 2020 Villagers in a near three-decade battle against a mine in northeastern Thailand said they had reclaimed land that was allocated for quarrying despite their objections, reflecting a growing trend of community action against industrialisation. Villagers in the Nong Bua Lamphu province said they... 

Vale suspends iron-ore production at Viga

29th September 2020 Brazilian miner Vale said in a filing on Monday it is temporarily suspending operations at its Viga concentration plant in Minas Gerais state, which will result in 11 000 t/d fewer of iron-ore fine production. Iron ore fines are high-quality fine ore powders. This follows a court ruling which... 

Rio Tinto changes tack, ready for talks over Bougainville mine

28th September 2020 Rio Tinto said on Tuesday that it was ready to talk to stakeholders over allegations of human rights breaches at a giant copper mine in Bougainville that it formerly owned, after community members filed a complaint with the Australian government. "We are ready to enter into discussions with the... 

Piedmont signs lithium ore supply deal with Tesla, shares surge

28th September 2020 Piedmont Lithium on Monday said it signed a five-year deal with Tesla to supply high-purity lithium ore mineral to the US electric carmaker, prompting an 83% surge in the Australian lithium miner's shares. The initial five-year agreement implies that Piedmont will supply about a third of its... 

Zambia chamber of mines says double taxation hurting investment

28th September 2020 Zambia should treat mineral royalty payments as a deductible expense in order to avoid double taxation and attract investment, the Zambia Chamber of Mines said on Monday. Since 2019, mineral royalty payments have not been treated as a deductible expense when calculating corporate income tax and... 

Australia trims resources revenue outlook on weaker coal, LNG exports

28th September 2020 Australia has pared its forecasts for mining and energy export revenue this year, as liquefied natural gas (LNG) and metallurgical coal earnings are forecast to be slightly weaker than earlier expected. Total earnings from mining and energy exports are forecast to fall 12% in the year to June... 

Rio Tinto smelter in focus as New Zealand's PM seeks extension

28th September 2020 New Zealand Prime Minister Jacinda Ardern said on Monday that she will negotiate to extend the operations of Rio Tinto's aluminum smelter in the country by 3-5 years if she is returned to power in the October 17 election. New Zealand Aluminum Smelter's (NZAS) planned closure is a hot election... 

Aboriginal group says Rio Tinto ignored pleas to save sacred cave from blast

25th September 2020 Rio Tinto ignored repeated requests from traditional owners for sacred Australian rockshelters to be protected in the months before the site was blasted during a mine expansion, an Indigenous group said on Friday. The world’s biggest iron ore miner in May destroyed the two caves in Western... 

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