Aluminum recycler Novelis targets up to $12.6bn valuation in US IPO
Novelis, owned by Indian billionaire Kumar Mangalam Birla's Hindalco Industries, is the world's largest recycler of aluminum.
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Sibanye shareholders back conversion of $500 million of bonds to shares
Sibanye issued the convertible bonds in November last year, partly to fund the $156 million acquisition of a US-based recycling business.
Firebird receives first key permit for Chinese manganese sulphate plant
Construction of the plant is projected to take approximately 12-15 months, with start of operations targeted for late 2025.
Post-Covid, China is back in Africa and doubling down on minerals
Chinese investment in Africa increased 114% last year.
EU, Australia sign critical minerals pact to diversify supply chains
Ministers in Canberra and Brussels signed an MOU on Tuesday, which will be followed by the joint development of “concrete actions” over the next six months.
Iron ore price falls to one-week low as weak fundamentals outweigh latest property stimulus
Steel demand remains subdued in China despite the latest property stimulus.
Berkeley seeks $1bn in damages from Spain over uranium mine dispute
The Retortillo project received preliminary approval in 2013, but Spain's Energy Ministry denied final approval in 2021 and 2023.
Most seabirds off northern Californian coast unlikely to collide with future wind turbines – study
A recent study shows that almost 80% of seabirds off the northern Californian coast fly far below the height at which potential wind turbines would operate.
South African Shell-BP refinery purchase raises clean-up concern
State-owned Central Energy Fund has agreed to buy the 180,000-barrel-a-day Sapref plant for a symbolic price of one rand.
