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First Cobalt on track for 2020 refinery restart with Glencore
Canada’s First Cobalt released an update Wednesday on the progress of recommissioning its cobalt refinery in partnership with Glencore (LON:GLEN). The mining and commodities trader giant is lending First Cobalt an initial $5 million to restart the company’s refinery...
Violent protests shut down key Rio Tinto mine in South Africa
Violent protests, often characterized by deadly shootings and barricades of burning tires, are making it harder for the world’s biggest mining companies to operate in South Africa. Rio Tinto Group shuttered its Richards Bay Minerals (RBM) unit on Wednesday and paused...
Vale aims to boost nickel production by 70%
Brazilian mining giant Vale said on Wednesday it would hike nickel production by about 70% in coming years to 360,000 tonnes a year, mainly by expanding in Indonesia. The Brazilian mining giant plans to exit its troubled New Caledonia assets but still aims to ramp up...
Overview Market Close – December 04, 2019
Americas Name Value Net Change % Change DOW JONES INDUS. AVG 27,649.78 +146.97 +0.53% S&P 500 INDEX 3,112.76 +19.56 +0.63% NASDAQ COMPOSITE INDEX 8,566.67 +46.03 +0.54% NYSE COMPOSITE INDEX 13,457.97 +91.88 +0.69% S&P/TSX COMPOSITE INDEX 16,897.34 +5.16 +0.03%...