Business
Comprehensive business news. The latest gold, copper and metal prices, mining stock, market data and investing news.
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Zambia should halt search for new KCM investor urges Vedanta
Zambia should halt the search for a new investor in Konkola Copper Mines (KCM) until litigation with Vedanta Resources is settled, the Indian mining company said on Tuesday. Zambia’s previous…
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SKF and Amazon Web Services collaborate to reinvent machine reliability industrial solutions
As asset reliability collaborators within the industrial segment, SKF and AWS are taking scalability of condition monitoring and data analysis to a new level as well as collaborating on the…
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ACWA Power-led consortium, comprising Hassan Allam Holding, signs project agreement for 1.1GW wind project in Egypt worth US$1.5 billion
ACWA Power, a leading Saudi developer, investor and operator of power generation, desalinated water and green hydrogen plants worldwide, inked a project agreement to develop a 1.1GW wind project in Egypt,…
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Glencore forecasts more than US$3.2 billion in interim trading division profit
Glencore on Friday forecast its trading division’s half-year adjusted operating profit would exceed US$3.2 billion, the top end of its long-term annual outlook range, boosted by soaring prices amid supply…
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ProSep secures first AIM application in heavy hydrocarbon separation unit of an LNG facility
A leading, global provider of environmentally friendly solutions, ProSep, has secured its first contract for its Annular Injection Mixer (AIM) within an LNG facility with globally recognised engineering, construction, and…
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Sibanye to restart South Africa gold operations after signing wage deal
Sibanye-Stillwater will restart operations at its gold mines in South Africa after signing a three-year wage agreement with trade unions, the miner said in a statement on Monday. Sibanye said…
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2021 diamond production setback for Anjin Investments
Chinese mining firm Anjin Investments suffered a massive slump in diamond production in 2021 recording 70 000 carats from 790 000 carats produced the previous year due to the relocation…
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Kuvimba acquires 50% stake in Great Dyke Investments
Kuvimba Mining House has acquired 50% stake in Great Dyke Investments from Afromet Joint Stock Company, thereby becoming the majority shareholder in the platinum mine. Kuvimba has invested heavily in…
