Fortescue partners with OCP Group for green energy development in Morocco
Australia’s Fortescue said on Monday it would form a joint venture with OCP Group to supply green hydrogen, ammonia and fertilizers to Morocco, Europe and international markets, as the iron ore miner looks to transform itself into a green energy superpower with a global footprint.
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Visit: 64
Commodities will rally when the Fed cuts rates, Invesco says
Commodities usually rally when central banks cut interest rates, bolstering the case for going long raw materials in the coming months, according to Invesco Ltd.
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Visit: 52
Fortescue’s Forrest urges LME to separate ‘clean’ nickel contracts
The London Metal Exchange (LME) should classify its nickel contracts into “clean” and “dirty” ones to give customers more choice, Australian iron ore magnate Andrew Forrest said on Monday.
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Visit: 84
ESCO is a role player in Iran’s development
Mining News Pro - Referring to the role of this company in the development of the country, the CEO of ESCo said: In line with their social responsibility, the efforts of this huge industrial complex, especially in the conditions of sanctions, imported and localized the technology and know-how of rail production so that today Zob Ahn can produce the rails required for all projects. supply the country's railway.
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Visit: 52
France extends New Caledonia nickel rescue talks
France will continue talks until the end of February to save New Caledonia’s nickel industry, the finance ministry said on Monday, after failing to reach a deal last month to fill a massive funding shortfall for the territory’s nickel processors.
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Visit: 93
US to rescind Venezuela gold license after opposition candidate barred
The US will rescind a license awarded to Venezuela’s state gold producer after Nicolás Maduro’s government banned the opposition’s leading candidate from participating in elections this year.
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Visit: 95
Fortescue posts drop in second-quarter iron ore shipments
Australia’s Fortescue on Thursday posted a 1.4% fall in second quarter iron ore shipments, due to ongoing maintenance activities at some of its key projects in Western Australia.
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Visit: 112
The 9-month performance evaluation meeting of ESCO was held
Mining News Pro - The 9-month performance evaluation meeting of the financial year ending was held in the Tasiko meeting hall with the presence of managing directors, deputies and senior managers of Sadr Tamin and ESCO Holdings.
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Visit: 44
Zimbabwe rescues all 15 trapped miners alive
Rescuers on Sunday pulled out all 15 subsistence mine workers who were trapped in an underground shaft at Redwing mine in Zimbabwe after it collapsed on Thursday, a government spokesman said.
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Visit: 195
Fortescue gets 200 million euros for Norway green ammonia plant
Mining News Pro - Australia’s Fortescue on Friday said it received 200 million euros ($219.3 million) from the European Union (EU) for its Holmaneset Project, a flagship green ammonia plant in Norway.
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Visit: 87
Record resources deals rescue a dim year for Australian bankers
Mining News Pro - Energy and mining deals have dominated Australia’s dealmaking scene like never before this year.
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Visit: 68
4 percent jump in blast furnace section for ESCO
Mining News Pro - In the first six months of the current year, ESCO's blast furnace department achieved a 4% increase in cast iron production and a 7% increase compared to the same period last year.
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Visit: 130
60 percent jump in ESCO’s rebar export
Mining News Pro - From the beginning of the year, the export of ESCO’s rebar has grown by 60% compared to the same period in the previous year.
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Visit: 151
BHP averts strike at Escondida mine with preliminary union deal
Mining News Pro - Global miner BHP reached a preliminary deal with the supervisors’ union at its Escondida mine in Chile, avoiding a strike at the world’s largest copper deposit, the company announced late on Wednesday.
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Visit: 123
Fortescue to divert carbon offset funds to decarbonization
Mining News Pro - Australia’s Fortescue said on Friday it will divert funds that were allocated to carbon offsets towards decarbonization in a bid to achieve “Real Zero” by 2030.
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Visit: 153
Fortescue to divert carbon offset funds to decarbonization
Mining News Pro - Australia’s Fortescue said on Friday it will divert funds that were allocated to carbon offsets towards decarbonization in a bid to achieve “Real Zero” by 2030.
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Visit: 176
Fortescue brushes aside worries, says exits show resolute board
Mining News Pro - Executives at Fortescue Metals Group Ltd., who have held a series of investor meetings following a string of high-level departures, have brushed aside governance concerns and said shareholders welcomed the swift action
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Visit: 138
Fortescue says executive exodus reflects green shift
Mining News Pro - A clutch of executive-level departures at Australian iron ore miner Fortescue Metals Group Ltd. is linked to the need to focus on its break into the green-energy industry, the company’s billionaire founder said.
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Visit: 94
Fortescue executive rout continues as Debelle quits green unit
Mining News Pro - Guy Debelle, the former Reserve Bank of Australia deputy governor, resigned from the board of Fortescue Metals Group’s green energy unit on Friday, media reports said, continuing the run of abrupt departures by executives at the world’s fourth largest miner.
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Visit: 275
Fortescue founder toys with reverse greenwashing
Mining News Pro - To lose one key member of a team in a week may be regarded as a misfortune; to lose two, though, as playwright Oscar Wilde might put it, looks like carelessness. Fortescue Metals has gone one further.
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Visit: 111
Fortescue bolsters its board
Mining News Pro - Former head of CSIRO Dr Larry Marshall has joined the ranks at Fortescue as the company’s new non-executive director.
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Visit: 102
Fortescue adds ex-CSIRO chief Larry Marshall to board
Mining News Pro - Fortescue Metals Group Ltd. added Larry Marshall, former chief executive of the Commonwealth Scientific and Industrial Research Organisation, to its board, the Australian Financial Review reported.
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Visit: 138
Allocation of 40% of ESCO’s budget to the production of knowledge-based products
Mining News Pro - CEO of Esfahan Steel Company said: 40% of the company's production budget this year has been allocated to value-added, knowledge-based and new products.
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Visit: 229
Codelco at risk of insolvency as debt grows, CESCO report says
Mining News Pro - Chile’s Codelco, the world’s largest copper producer, is at risk of insolvency due to rising costs and a growing debt pile stemming from projects that missed output targets, Chile’s Centre for Copper and Mining Studies (CESCO) said in a report seen by Reuters.
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Visit: 171
Forrests’ separation will not affect Fortescue
Mining News Pro - Billionaire couple Andrew and Nicola Forrest have agreed to separate after 31 years of marriage, but have assured that the development will not impact their mutual business interests.
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Visit: 186