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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.

Endeavour appoints LBMA director to its board

30th September 2022 LSE- and TSX-listed Endeavour Mining has appointed Sakhila Mirza, currently general counsel and an executive director of the London Bullion Market Association (LBMA) to its board of directors. Mirza has been appointed an independent nonexecutive director of Endeavour. →

Teck eyes spinoff or divestment of Fort Hills oil sands stake

30th September 2022 Canada's Teck Resources said on Thursday it could pursue a spinoff or divestment of its stake in the Fort Hills oil sands project if the value of the asset is not reflected in Teck's share price. The comments come a day after French company TotalEnergies, another partner in the Fort Hills mine... →

Vale announces reorganization of Brazil base metals business

30th September 2022 Brazilian miner Vale on Thursday announced a reorganization of its base metals business in Brazil, saying it will transfer its copper assets in the country to Salobo Metais and its nickel assets to a new venture it will form. Vale will continue to fully own the assets and said the move comes as... →

Possible LME ban lights fire under aluminium and nickel

29th September 2022 The London Metal Exchange is launching a discussion paper that marks the first step toward a potential ban on new supplies of Russian metal, according to people familiar with the matter. Any move by the LME to block Russian supplies could have significant ramifications for the global metals... →

Glencore reviews lead operations at Italian plant due to high power prices - source

29th September 2022 Commodity group Glencore is reviewing the sustainability of lead operations at its Portovesme plant in Italy due to high power prices, an industry source with knowledge of the situation said on Thursday. The company is delaying maintenance operations that were planned in coming months due to the... →

Peru targets local lithium battery production, official says

29th September 2022 Peru wants to produce lithium batteries domestically, a government official said on Wednesday, joining other Latin American nations with lofty ambitions to industrialize their resources of the ultralight metal needed to power electric vehicles. "We are already starting to act to see if we can... →

Teck may raise value of Zafranal project in Peru to more than $2bn

29th September 2022 Canada's Teck Resources is considering revising the value of its Zafranal copper project in Peru to more than $2-billion from $1.3-billion, one of its executives said Wednesday. The initial value of the project was set in 2019, when copper prices were below their current levels, the general... →

Botswana's Morupule aims to boost coal output by 50% with new mine

28th September 2022 Botswana President Mokgweetsi Masisi on Wednesday commissioned a new 1.4-million tonne per year coal mine at state-owned Morupule Coal Mine (MCM), aiming to increase exports after demand for the fuel boomed since the start of the war in Ukraine. Despite the country's estimated 212-billion tonnes... →

Zambia's Konkola Copper Mines hires RMB to find new investor

28th September 2022 Zambia's Konkola Copper Mines (KCM) has appointed Rand Merchant Bank (RMB) as financial advisor as the government searches for a new investor to expand the copper mine and smelter, the company's state-appointed provisional liquidator said on Wednesday. Zambia's previous government put KCM in the... →

Jagersfontein mine dam owner denies second collapse

28th September 2022 Jagersfontein Developments, the owner of a mine waste dam that partially collapsed two weeks ago, denied on Wednesday that another dam wall had collapsed, contradicting a statement from the Free State provincial government. "There has been no further breach of any kind at the facility," the... →

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