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...A version of this article was first published by Nikkei Asia on January 4. ©2023 Nikkei Inc. All rights reserved....
...RWE is doubling down on the world’s second-biggest renewables market with the acquisition of a portfolio of US solar parks and wind farms from Consolidated Edison Inc in a $6.8bn deal funded by Qatar....
...“The United Mine and Consolidated Mine were mined by hand to 500 metres below the surface, which confirms they were high grades of copper and worthwhile from a cost perspective.”...
...“If you look at iron ore, copper, nickel . . . all these sectors are more consolidated. Gold has always had far more companies than is justified by the size of the industry. This is needed.”...
...He has already bought zinc and copper mines from Anglo in Africa....
...“Combined with the previously announced curtailments, the consolidated impact is an aggregate reduction of 250m pounds of copper and 20m pounds of molybdenum per year,” the miner said....
...“Kimberley Mines may not have to close in the near future . . . with an appropriate operator, this asset has potential into the next decade,” said Phillip Barton, chief executive of De Beers Consolidated...
...Nine-month 2015 consolidated net profits plunged 26 per cent to $954m, mostly on lower metal prices....
...Inefficient Chinese capacity will be consolidated. High-cost mines will close. Diversified miners will sell or spin off unwanted coal assets....
...Your guess is as good as mine – Streetwise Prof Hidden debt must still be repaid – Pettis...
...Mr Kulibayev consolidated control of the project last year when he bought 50 per cent for $235m from Turquoise Hill, the Canada-listed miner best known as the owner of the Oyu Tolgoi copper mine in Mongolia...
...An important test case was the 1906 case De Beers Consolidated Mines Ltd vs Howe, where an English court found that the “central management and control” of the South African incorporated diamond miner was...
...The project is being carried out by De Beers’ South African operation, De Beers Consolidated Mines....
...” … Our plates having been cleared – mine clean, his half-finished – Sandel orders a skimmed latte with chocolate syrup on the side. I go for a double espresso....
...While Tata does not release consolidated earnings, it is easy to identify the main engines of the group’s profit....
...Harry Winston, which owns 40 per cent of Rio’s Diavek mine in Canada, has been considering a bid for BHP’s mine nearby, according to people familiar with the matter....
...De Beers spent $43m on exploration activities last year and expects to begin construction on a new mine – Gahcho Kué in Canada – to begin in 2015....
...In Latin America, the Barro Alto nickel project as well as the expansion of Los Bronces and Collahuasi copper mines were completed last year....
As miners have profited from high commodity prices, host nations are naturally seeking a bigger share
...It was not possible to contact De Beers, but the group said in a statement on Wednesday that in the event of a strike it had contingency plans in place to operate its mines....
...The industry consolidated further this year with the merger of Russia’s two biggest producers, UralKali and Silvinit....
...Freeport said it held $3.5bn in total debt and consolidated cash of $4.4bn....
...While Consolidated only opened its first mine nine months ago, its proximity to a similar Cliffs mine in Quebec means the $75m annual synergy target is probably undemanding, especially after $600m is spent...
...Wuhan has agreed to sell its stake in Consolidated Thompson but will retain a 25 per cent stake in Bloom Lake, the company’s mine....
...to commercialise inventions from London’s Imperial College and which raised £139.5m, and Petra Diamonds, which raised £205m to help fund the acquisition of Finsch, South Africa’s second-biggest diamond mine...
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