Nigeria to pay $496 million to settle claims over steel plants
Global Steel had acquired rights to Nigeria's entire state steel industry via five major concessions and share purchase contracts.
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Mining industry on track to meet decarbonization targets, say analysts
The availability of risk capital for miners is biased towards those with concrete plans for achieving net-zero emissions targets by 2030.
Chile, Codelco face another lost decade of output growth
World's no.1 producer Codelco’s annual copper production is set to fall 400,000 tonnes below its peak while Chile’s output is back to levels last seen in 2004.
Metso Outotec acquires Global Physical Asset Management in North America
The acquisition will further strengthen Metso Outotec’s capabilities in digital field service inspections for grinding.
Norway’s last coal mine extends life to feed European industry
Mine 7 will continue production of bituminous coal, used primarily in the steel industry, until July 2025.
Copper price rises despite China lockdowns, recession fears
Price was supported by slow growth in American jobs in August.
Nighthawk Gold reports new results from Colomac project in Northwest Territories
Colomac Centre contains Grizzly Bear, Colomac Main, Goldcrest, and has four higher grade satellite deposits.
Gold price rises as US jobs data eases pressure on Fed
“The gold price rose slightly on the news as the data release reduces the risk of faster-than-expected rate hikes going forward," analyst said.
Dutch aluminum maker Aldel halts remaining production
Company is Netherlands' only producer of primary aluminum.
