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...One option being explored by Oliver Gunasekara, chief executive of US-based Impossible Metals, is retrieving minerals from the country’s own territorial waters off the coast of American Samoa in the south...
...Soaring steel imports are a particular sore spot for the Brazilian government as the Latin American nation is one of the world’s largest exporters of iron ore — a primary ingredient in steel production....
...As much as Anglo American maintains the metals it produces such as platinum and nickel are “critical in enabling . . . sustainable green solutions”, the mining sector has been feeling decidedly old economy...
...One metals, minerals and energy company, Sweetwater Royalties, owns or co-owns more than 1,000 sq miles in the chequerboard, including the Uinta Development parcel....
...The International Energy Agency said there would need to be a big increase in the production of metals such as copper, lithium and iron ore in the coming years for the world to achieve net zero emissions...
...This week, the group announced almost 4,200 jobs would be under threat at its South African platinum group metals and iron ore mines, as it seeks to cut costs....
...Rohitesh Dhawan President & Chief Executive, ICMM (International Council on Mining and Metals), London EC2, UK...
...Anglo American’s worst day on the London stock exchange for 15 years has heaped pressure on relatively new boss Duncan Wanblad, prompting questions over why the British miner has been so badly driven off...
...Anglo American has unveiled plans to slash metal production to cut costs and combat the slide in its share price that has been far deeper than rival mining companies....
...However, the former head of Anglo American also stressed: “There’s no indication that there won’t be an appropriate process to find a successor.”...
...rather than iron ore....
...China’s heavily subsidised steel and aluminium makers have flooded global markets with discounted metals, costing Pennsylvania jobs, he said....
...Reduce iron ore where green power is cheap, and then ship this to steel mills....
...Lower prices and the disarray in South Africa have affected its platinum group metals business particularly badly, leading Anglo American to say that it would focus on more profitable production using its...
...But behind the scenes IRH’s parent, International Holding Company, the $240bn business empire of powerful Abu Dhabi royal Sheikh Tahnoon bin Zayed al-Nahyan, had been courting the highest levels of Zambia...
...A second mine — known as the WCS project — will be built by Baowu, the world’s biggest steel producer, in partnership with a consortium led by Singapore-based Winning International Group....
...The Houthis have launched attacks on ships that they describe as Israeli, British or American....
...Russ Mould, investment director at AJ Bell, says: “Leading copper miners listed in the UK include Antofagasta and Central Asia Metals, while Anglo American, Rio Tinto and Glencore are more diversified producers...
...Everything lying around the Metinvest factory is used: plastic tubes, foam blocks, used tyres, scrap wood and metal....
...This was probably due to overcapacity in China, where the property slowdown has reduced domestic metals demand....
...American Express Global Business Travel has agreed to buy rival CWT for $570mn in a bet on the continued recovery of business travel....
...The mining sector remains unloved by investors despite record profits for many big companies last year, and despite widespread expectations of a boom in demand for metals such as copper, iron ore and nickel...
...Police have issued international arrest warrants for a further 14, most of them German citizens....
...as iron ore, copper and steelmaking coal would take place by the end of the year....
...Yet the festivities masked divisions within the mining company, which operates both as an iron ore miner and a pioneer of green hydrogen investment....
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