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Tag: mining

  • China Turns Against an Australian Mining Giant It Helped Grow | How high does Macquarie think For…

    China Turns Against an Australian Mining Giant It Helped Grow | How high does Macquarie think For…

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    How high does Macquarie think Fortescue shares will go?

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  • Azerbaijan to help Uzbekistan develop mining sector | Azerbaijan, Uzbekistan Sign Documents in Pr…

    Azerbaijan to help Uzbekistan develop mining sector | Azerbaijan, Uzbekistan Sign Documents in Pr…

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    Azerbaijan to help Uzbekistan develop mining sector

    Azerbaijan and Uzbekistan are strengthening economic connections, signing a variety of agreements covering mining, banking and tourism.

    Uzbek Prime Minister Abdulla Aripov and his Azerbaijani counterpart, Ali Asadov, presided June 16 over a signing ceremony in Tashkent of a cooperation agreement under which the two countries will jointly develop an Uzbek gold deposit as well as other mineral resources. 

    Ural Yusupov, Uzbekistan’s deputy mining minister, previously indicated that Tashkent was intent on conducting comprehensive surveys of precious metal deposits in the Kashkadarya and Surkhandarya regions, along with critical mineral deposits in Karakalpakstan and the Jizzakh region. 

    The Azerbaijani entity CJSC AzerGold will be the chief partner in developing the Uzbek gold deposit. It appears that Uzbek officials are interested in gaining experience in the processing and marketing of gold products. The Azerbaijani state-owned company bills itself as having experience in building “an integrated value chain for the exploration and development of ore deposits, production, processing and sales of precious metals.”

    Azerbaijan, Uzbekistan Sign Documents in Presence of Both Countries’ PMs

    Several documents have been signed between Azerbaijan and Uzbekistan, in the presence of both countries' Prime Ministers, Ali Asadov and Abdulla Aripov, in Tashkent.

    The ceremony took place as part of Asadov’s working visit to Uzbekistan to attend the 5th Tashkent International Investment Forum at the invitation of the Uzbek side, The Caspian Post reports via Azertac.

    The signed agreements cover the joint development of a gold mining project in Uzbekistan by AzerGold CJSC, enhanced banking cooperation between the International Bank of Azerbaijan OJSC and a partner financial institution in Uzbekistan, as well as collaboration on critical minerals projects involving NEQSOL Holding.

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  • Live: Mega mining company back on cards as Glencore confirms Rio Tinto talks | Rio Tinto, Glencor…

    Live: Mega mining company back on cards as Glencore confirms Rio Tinto talks | Rio Tinto, Glencor…

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    Live: Mega mining company back on cards as Glencore confirms Rio Tinto talks

    Glencore has confirmed media speculation that the company is back in merger talks with Rio Tinto.

    Meanwhile, the ASX 200 is heading into Friday after choppy trade on Wall Street overnight.

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    Not surprised by the EV pullback. Most people that want one have one, and given the horrendous resale values, most who bought won't be upgrading too often you'd imagine.

    Well it looks like Aussie investors aren't loving the terms of this merger deal talk between Rio Tinto and Glencore.

    Rio Tinto, which is dual listed on the ASX, has just opened around 5% lower in very early trade.

    Rio Tinto, Glencore in merger talks to create global powerhouse

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    Rio Tinto and Glencore say they are in discussions to merge in a move that would create one of the world’s largest mining companies and a copper production powerhouse in a major shake-up of the resources sector.

    The London-listed Glencore said it was in “preliminary discussions … about a possible combination of some or all of their businesses, which could include an all-share merger between Rio Tinto and Glencore”.

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    Glencore and Rio Tinto resume talks on $260bn mining megadeal

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