Sumitomo names Ueno as next CEO, promising reform
Shingo Ueno, 64, has played a pivotal role in leading Sumitomo's metals, resources and chemicals businesses.
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US takes aim at financial institutions with new Russia sanctions authority
A new executive order gives Washington the ability to ban products originating in Russia but processed in third countries, such as diamonds.
Abu Dhabi’s IRH to invest $1.1 billion in Mopani copper mine
Zambia had been seeking a new investor for Mopani since it took control of the assets from Glencore in 2021.
Japan-US ties stronger than ever, minister says amid US Steel scrutiny
Japanese Industry Minister Ken Saito praised his country's ties with the US but declined to comment directly on Nippon Steel's $14.9 billion proposed acquisition of US Steel.
Kloeckner to divest business in four European countries
German metal trader Kloeckner plans to sell off parts of its European commodity distribution business to Spain's Hierros Anon.
Diamond output of sanctions-hit Alrosa down in 2023, stockpiling likely
Alrosa said on Friday that its 2023 output fell by 2.8% year on year to 34.6 million carats.
Can beaten-up junior miners fight illegal short-selling?
CIRO and the Canadian Securities Administrators are forming a working group early in the year to study short selling in Canada.
Discovery may reduce use of palladium in hydrogen production
A recent discovery may increase the eco-friendliness of the energy-making process that involves using Pd in electrolysis.
Milei looks to cut costs for Argentina’s miners in broader deregulation push
The Argentina President singled out cutting costs for mining companies that in recent years have been lured to vast deposits in the Andes.
