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Category: International

Eurasian Resources Group publishes its Sustainable Development Report 2021 1 About Company Environment Social Governance (ESG) International 

Eurasian Resources Group publishes its Sustainable Development Report 2021

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Eurasian Resources Group (“ERG” or “the Group”), a leading diversified natural resources group headquartered in Luxembourg, announces the publication of its Sustainable Development Report (“the Report”) for 2021, entitled “Supporting key aspects of modern life”. The report unveils the significant role ERG plays in supporting the green energy transition as well as modern life in general. ERG is well-positioned to seize the opportunities presented by this transition, and is committed to doing so responsibly, including through its ongoing work on mineral value chain transparency and assurance and its broader contribution… Read More Here
The ECOBAY family is growing 2 Technology & Innovation International 

The ECOBAY family is growing

arnbethnic
BEKA Schréder is excited to announce the expansion of their ECOBAY lowbay and highbay lighting range! The ECOBAY is the ideal luminaire for lighting industrial facilities to optimize light levels and return of investment. BEKA Schréder have added a visually pleasing round PCB, and an optional additional skirt with enhanced glare reduction that can complement any specific application. The ECOBAY offers substantial energy savings, high performance and is able to operate at high ambient temperatures. It will meet all your expectations in a valued investment. Available with a selection of… Read More Here
GoviEx moves closer to being a uranium producer by 2025 3 International Mining in Zambia Uranium 

GoviEx moves closer to being a uranium producer by 2025

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GoviEx Uranium has closed its previously announced bought deal private placement financing which includes a partial exercise of the over-allotment option, at a price of C$0.22 per Unit for aggregate gross proceeds of C$10,166,860. Each unit consists of one Class A common share of the company and one-half of one Common Share purchase warrant. Each Warrant entitles the holder thereof to purchase one common share at US$0.24 until October 25, 2025. The company expects to close an additional tranche of units on the same terms as the Private Placement in… Read More Here
Copper price jumps as dollar eases 4 Copper International 

Copper price jumps as dollar eases

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Copper prices rose on Wednesday buoyed by a weaker dollar amid hopes the pace of US interest rate hikes would slow down. The dollar wallowed near a three-week low versus major peers as more signs of economic weakness in the United States fanned speculation about a less hawkish Federal Reserve. Copper for delivery in December rose 3.8% on the Comex market in New York, touching $3.52 per pound ($7,744 per tonne). The most-traded November copper contract on the Shanghai Futures Exchange was up 0.1% to 63,050 yuan ($8,650.02) a tonne. “The… Read More Here
Gold price rebounds to 2-week high on Fed relief hopes 5 Gold International 

Gold price rebounds to 2-week high on Fed relief hopes

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Gold prices rose to a two-week high on Wednesday as the US dollar and Treasury yields slipped on expectations that the Federal Reserve would temper its aggressive rate-hike stance from December. Spot gold rose 1% to $1,668.92 per ounce by 10:50 a.m. ET after touching its highest since October 13. US gold futures were up 0.8% to $1,669.90 per ounce in New York. Meanwhile, the dollar extended losses to a more than one-month low against its rivals, making gold less expensive for other currency holders. Benchmark US 10-year Treasury yields… Read More Here
Liebherr unveils R 9300 mining excavator at bauma 2022 6 Equipment & Technology International Mining technology 

Liebherr unveils R 9300 mining excavator at bauma 2022

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Liebherr Mining has announced the R 9300 Generation 8 hydraulic excavator at bauma 2022. Replacing the existing R 9250 excavator in the 250 t class market, the R 9300 encompasses the OEM’s most advanced design principles and technology platforms to further enhance machine performance, efficiency, and safety. The latest hydraulic excavator to join Liebherr Mining’s portfolio is unveiled at Bauma tradeshow in Germany. The second Generation 8 excavator launched within the portfolio, the R 9300, builds on Liebherr’s decades of excavator design expertise for the mining industry and is fitted with the… Read More Here
Copper price down as China’s yuan falls to lowest since 2008 7 Copper International 

Copper price down as China’s yuan falls to lowest since 2008

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Copper prices fell on Monday as investors worried about the pace of economic growth in China and the yuan fell to its weakest versus the dollar since 2008, making dollar-priced commodities costlier for Chinese buyers.  Data showed China’s economy rebounded faster than anticipated in the third quarter but the outlook is clouded by covid-19 control measures, a property slump, and weakening growth elsewhere in the world Meanwhile, Xi Jinping’s newly unveiled leadership team heightened fears that economic growth will be sacrificed for ideology-driven policies. Copper for delivery in December fell… Read More Here
Barrick to expand East African footprint following positive results at North Mara, Bulyanhulu gold mines 8 Gold International 

Barrick to expand East African footprint following positive results at North Mara, Bulyanhulu gold mines

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Barrick Gold’s (NYSE: GOLD) (TSX: ABX) president and chief executive Mark Bristow announced on Saturday that the company plans to expand its East African footprint using the North Mara and Bulyanhulu gold mines in Tanzania as a foundation for this endeavour. Back in September 2019, Barrick inherited what Bristow called these “moribund mines” when it re-acquired Acacia Mining. After some rebuilding work, the mines breathed new life and are now set to achieve a combined production in excess of 500,000 ounces for the second year running, thus becoming tier-one assets. North Mara hit a… Read More Here
Namibia, EU reach provisional deal on rare earth minerals 9 Rare Earth Minerals International 

Namibia, EU reach provisional deal on rare earth minerals

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Namibia has provisionally agreed on a deal with the European Union to sell its rare earth minerals, critical to the renewable energy sectors, mines and energy minister Tom Alweendo said on Thursday. EU and Namibian officials told Reuters in July they were planning a deal on hydrogen and minerals as the bloc works to reduce its dependence on Russian energy. “In principal we have agreed on conditions, whatever the materials, we are going to process them here,” Alweendo said about the approaches being taken to ensure the southern African country reaps… Read More Here
Gemfields halts Mozambique operations after attack at nearby ruby mine 10 Gemstones International 

Gemfields halts Mozambique operations after attack at nearby ruby mine

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Precious gem miner Gemfields Group has stopped operations at its Montepuez ruby mine in Mozambique’s Cabo Delgado province after an attack was reported at a nearby facility, it said on Thursday. “This morning, an attack attributed to insurgent activity has been reported at the neighbouring ruby mine belonging to Gemrock, which lies about 12 km south-east of the operations… in which Gemfields holds a 75% interest,” Gemfields said in a statement. Mozambique’s northern Cabo Delgado province has seen an Islamic State-linked insurgency that has claimed thousands of lives since it broke out in 2017, disrupting multibillion-dollar natural gas and mining projects. Gemfields said it… Read More Here

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