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Mining
Anglo American Divests Coal Assets in £850 Million Pound Strategic Defence Move
Anglo American has orchestrated a significant strategic move by selling its 33 per cent stake in the Australian steelmaking coal business, Jellinbah Group, for £850 million. The sale materialises as part of a broader defensive restructuring…
Cornish miner hopes to capitalize on the global race for lithium
Cornwall's mines were once a major part of Britain's Industrial Revolution, but most have since closed down. The region is now among the poorest areas in the UK.
Many companies hope that the south-west England area can now mount a…
Elliott, an activist says that its long-term perspective on Anglo American remains’very…
After acquiring a $1bn stake in Anglo American rival BHP, activist hedge fund Elliott described its long-term view on the British mining conglomerate as "very interesting" and "very intact".
Nabeel Bhanji, an equity partner at Elliot,…
Serious Fraud Office (SFO) and ENRC have a single day to settle their legal dispute
The UK Serious Fraud Office (SFO) and Eurasian Natural Resources Corporation are giving themselves 24 hours to resolve a dispute about the conduct of the agency during an investigation into a Kazakh mining group. The civil trial ENRC was…
Harland & Wolff, the Titanic’s shipbuilder, stumbled on the edge of bankruptcy
Harland & Wolff’s two giant yellow gantry-cranes, Samson and Goliath have dominated Belfast's skyline for the past half century. "You'll know when you see them," Ernie Morrison said, who worked at the Titanic shipyard from 1959 to 2000.…
Doubleview Gold: Progress Update on the Hat Property and Drilling at Lisle Zone
Doubleview Gold is making progress, in its exploration work at the Hat Property specifically targeting the potential Lisle Zone. Through a drilling program the company plans to improve its mineral resource assessments and get ready for…
Fulcram Metals Secures £758,000 in Funding to Advance Tailings Project
Fulcram Metals, a company focused on innovative mining solutions, has successfully raised £758,000 through a placing at 8 pence per share. The funding, which includes significant contributions from existing investors and directors, is set…
Mkango Marks Strategic Progress in Rare Earth Magnet Recycling
In a pivotal move, Mkango Resources is steering towards becoming a leader in the recycling of rare earth magnets, alloys, and oxides through its majority-owned subsidiary, Maginito. They are spearheading the commercialisation of patented…
Oakmount Partners Poised for Growth as InterGroup Mining Nears TSX Listing
Oakmount & Partners Ltd, a prominent investment firm, is on the cusp of realising significant returns as InterGroup Mining prepares for its listing on the Toronto Stock Exchange (TSX). Glenn King, the managing director of Oakmount,…
Mkango Resources: Pioneering Sustainable Rare Earth Production
Discover Mkango Resources' strategic vision for sustainable rare earth production, recent milestones, and future growth plans in the clean energy sector.
Blencowe Resources Advances Orum Cross Graphite Project with Key Milestones
Blencowe Resources has announced significant progress in its Orum Cross graphite project in Uganda, East Africa. The company, which acquired the project five years ago, has been diligently advancing through various stages of development,…
Anglo American Forges Chinese Partnership to Boost Polyhalite Market
Anglo American, the owner of a controversial fertiliser mine in North Yorkshire, has entered into a strategic partnership with two Chinese producers to develop a market for the unproven crop nutrient, polyhalite. The mining giant has signed…
Blenco Resources: A Promising Future in Graphite Mining
Blenco Resources is making significant strides in the graphite market with its Orum Cross project in Uganda. This project stands out due to its remarkably low capital and operating costs, attributed to existing infrastructure, low strip…
Greenland’s GreenR Strategic Materials Eyes Norway for Graphite Plant, Secures Key Agreements
GreenR Strategic Materials, a company focused on developing critical mineral projects in Greenland, has announced plans to establish its graphite active anode material production plant in southern Norway. The decision is driven by several…
Mining Executives Caution Against Mergers and Acquisitions Frenzy Amidst Dealmaking Boom Predictions
As predictions of a dealmaking boom in the mining industry gain traction, top executives are urging caution, warning against repeating past mistakes. Companies are eager to secure commodities critical for clean energy, such as copper, which…
Pound Surges as UK Firms Record Fastest Growth in Four Months
The pound has reached a 13-month high against the dollar, trading at $1.3118, as British companies reported their fastest growth in four months during August. According to the latest S&P flash survey of purchasing managers, factors such…
Ted Bakers Demise A Foreseeable Outcome from a Fashion Standpoint
As the colder months approach, households across Great Britain are preparing for another increase in their energy bills. Forecasts from Cornwall Insight, a respected energy consultancy, indicate that the government's energy price cap is…
Canadian Rival Makes Buyout Offer for 7 Eleven Owner in Potential Record Breaking Deal
The potential takeover of Seven & i by Alimentation Couche-Tard (ACT) indeed represents a significant moment in the global convenience store industry. If the acquisition goes through, it would not only be the largest foreign acquisition…