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U.S. Interior Secretary Doug Burgum Calls for Accelerated Mineral Exploration on Federal Lands

According to MiningWeekly, citing Reuters, U.S. Interior Secretary Doug Burgum called on the mining industry to accelerate mineral exploration and development on federal lands during CERAWeek. His remarks align with former President Donald Trump’s agenda to streamline approvals for fossil fuel and metal production projects. Burgum, the former Governor of North Dakota, a major oil-producing […]

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Rio Tinto’s $1.8 Billion BS1 Iron Ore Project to Begin Production in 2027, a Year Ahead of Schedule

According to Miningnews.net, Rio Tinto officially announced on Thursday that its $1.8 billion Brockman Syncline 1 (BS1) iron ore project will commence production in 2027, a year earlier than originally planned. The company has obtained all necessary approvals from federal, state, and traditional landowners. Construction will begin this year, including: A new primary crusherOverland conveyor

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Eloro Resources Discovers High-Grade Tin Mineralization at Depth in Bolivia’s Iska Iska Project

Eloro Resources, a tin exploration company, has discovered an important deep tin mineralization zone beneath a potential initial open-pit at its Iska Iska polymetallic project in Bolivia. In its recently defined diamond drilling program, Eloro intercepted an 87-meter tin-bearing zone grading 0.74% Sn at a depth of 291.8 meters, including a 33-meter interval grading 1.39%

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U.S. Gold Reserves Under Spotlight: Revaluation Could Boost Gold Prices, Says BofA

In recent days, public attention has focused on the U.S. gold reserves, particularly the holdings at Fort Knox, the country’s largest gold depository. Bank of America Securities has suggested that a market-based revaluation of U.S. gold reserves could benefit gold prices. However, U.S. Treasury Secretary Scott Bessent has dismissed the possibility of revaluing gold reserves

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Biden to Block Nippon Steel’s Acquisition of U.S. Steel, Citing Political Concerns

President Joe Biden is expected to block Nippon Steel’s $15 billion acquisition of U.S. Steel, potentially as soon as Friday, January 3. This decision would end months of lobbying by both companies to gain U.S. government and bipartisan approval. Two informed sources revealed that the Biden administration has consistently approached the deal with caution, leaning

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Nippon Steel Extends Deadline for U.S. Steel Acquisition Amid Political Opposition

Last December, Japanese steel giant Nippon Steel announced plans to acquire U.S. Steel for 2 trillion yen (approximately $14.9 billion). The deal met bipartisan opposition in the U.S., and one year later, its fate remains uncertain. The original deadline for the acquisition is set for the end of December. As the date approaches, Nippon Steel

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Panama’s President Says Copper Concentrates at Closed Cobre Panama Pose No Environmental Threat

According to a report by Mining.com citing Reuters, Panama’s President Jose Raul Mulino stated on Thursday that over 100,000 tons of copper concentrate stored at the closed First Quantum mine pose no immediate environmental risk. The Cobre Panama copper mine was shut down in November last year after Panama’s Supreme Court ruled the contract between

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Biden Administration Split on Nippon Steel’s Acquisition of U.S. Steel; Biden Likely to Block Deal

According to media reports, the Biden administration is divided over Nippon Steel’s acquisition of U.S. Steel. The U.S. Department of State, Department of the Treasury, and Department of Defense believe the deal does not pose a national security risk, but President Biden is still expected to block the transaction. In December last year, Nippon Steel

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India’s Copper Demand Expected to Rise 13% in FY2024 to 1.7 Million Tons

According to a report by the International Copper Association (ICA) India chapter, India’s copper demand is forecast to rise by 13% year-on-year to 1.7 million tons in FY2024, driven by overall economic expansion. Notably, during the post-COVID period of FY2021-24, average annual copper demand grew by 21%. The ICA India chapter highlighted an 8% growth

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Aurubis Reports 19% Profit Growth Amid Optimism for Copper Demand Prospects

Aurubis AG, a leading European copper producer, reported a 19% increase in pre-tax operating profit for the 2023/2024 fiscal year, reaching €413 million. The company confirmed its forecast for a €300–400 million reduction in operating profit for the 2024/25 fiscal year. Aurubis proposed a dividend of €1.50 per share, exceeding analysts’ expectations. CEO Toralf Haag,

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