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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.

Sojitz to sell Canadian copper mine stake

2nd February 2023 Japanese trading house Sojitz, which on Thursday reported record profit for the nine months to end-December, said it was selling its 12.5% stake in Canada's Gibraltar Mines. Sojitz said it booked a pre-tax loss of 6.3-billion yen ($49-million) in the October-December quarter from the planned... 

First Quantum to hold board meeting in Panama - source

2nd February 2023 Directors of First Quantum Minerals will meet in Panama this week for a board meeting, a source close to the Canadian company said on Wednesday, in the midst of a longstanding dispute over its contract with the government to operate a major copper mine. Panama's government and First Quantum are... 

Freeport Indonesia's $3bn copper smelter to be completed by end of 2023 - official

2nd February 2023 The construction of US mining giant Freeport McMoRan's Indonesian copper smelter, one of the biggest in the world, will be completed by the end of this year, an official at its Indonesian unit said on Thursday. The $3-billion facility in Gresik, East Java, will have capacity of 1.7-million... 

Australian regulator to review short-seller report on India's Adani

2nd February 2023 Australia's corporate regulator said on Wednesday it will review a short-seller report that has flagged a wide range of concerns about India's Adani Group. Hindenburg Research, a well-known US short-seller, last week accused the group of improper use of offshore tax havens and cited concerns... 

Simandou iron-ore project to restart in March, Guinea says

1st February 2023 Work on Guinea's massive Simandou iron-ore mine and infrastructure project is set to restart in March, Guinea's military junta said in a Jan. 30 statement seen by Reuters on Wednesday. Guinean authorities ordered work on Simandou to stop in July last year in a bid to force the shareholders -... 

President Jokowi 'confident' Tesla will invest in Indonesia

1st February 2023 Indonesian President Joko Widodo is confident Tesla will finalise a deal to invest in a production facility in his country, having offered the US car maker incentives ranging from tax breaks to a concession to mine nickel. Southeast Asia's largest economy has been wooing Tesla to invest in... 

Australia's Tombador Iron halts Brazil mine production after unrest

1st February 2023 Australia's Tombador Iron said on Wednesday it had temporarily halted production at its flagship iron-ore mine in Brazil after a blockade in Bahia state affected logistics. Shares of the iron ore miner fell 14.3% after the news and were staring at their worse session in nearly five months. 

Australia aims for bigger fines a week into Outback hunt for radioactive capsule

1st February 2023 Authorities in Australia will review laws that penalise the mishandling of radioactive material with a A$1 000 ($707) fine as a search for a hazardous capsule lost in the Outback enters a seventh day. Officials from Western Australia's emergency response department, defence authorities,... 

Missing radioactive capsule found in Western Australia

1st February 2023 Australian authorities on Wednesday found a radioactive capsule that was lost in the vast Outback after nearly a week-long search along a 1 400 km (870-mile) stretch of highway, an emergency services official said. The military was verifying the capsule and it would be taken to a secure facility... 

Sweden's Epiroc says demand for mining equipment to remain high

1st February 2023 Swedish mining equipment maker Epiroc said on Tuesday it expected demand would remain at a high level in the near term while reporting a fourth-quarter operating profit in line with forecasts. Operating profit for the October-December period rose to 3.24-billion Swedish crowns ($309.63-million)... 

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