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US to offer up to $3.4bn for Nuclear fuel makers in June

Published: 17 May 24

The US plans to start soliciting bids worth as much as $3.4-billion to buy domestically produced nuclear reactor fuel as soon as next month, according to a government notice. The funding includes $2.7-billion requested by the White House as part of a broader plan to help restart the domestic nuclear fuel production industry through direct purchases of the low-enriched uranium used in reactors. The government aid was unlocked after President Joe Biden signed a ban on imports of enriched uranium from Russia, which provides about a quarter of the reactor fuel in the US, making it the nation’s top supplier.

Biden open to easing sanctions on billionaire Gertler in return for Congo exit

Published: 17 May 24

The US government is open to easing sanctions on billionaire mining magnate Dan Gertler if he gives up his business operations and assets in the Democratic Republic of Congo, where Washington’s interest in critical minerals has run up against his problematic royalties ownership. The Treasury Department is willing to grant limited sanctions relief to Gertler, an Israeli citizen, as a way to incentivize his complete exit from Congo, including relinquishing his royalty streams on three strategic projects, according to two US officials, who asked not to be identified as the talks are ongoing.

Polyhalite produced at Anglo American's Woodsmith mine

Anglo American has sought fertiliser partners for months, says CEO

Published: 17 May 24

Anglo American has been looking for partners for its fertiliser project in North Yorkshire for around six months, CE Duncan Wanblad told Reuters, reiterating the business will be one of three pillars of the revamped miner, even as work there stalls. The London-listed miner outlined a radical plan on Tuesday to shrink by divesting less profitable coal, nickel, diamond and platinum businesses, as it moves to fend off BHP Group's $43-billion takeover offer.

Chile's Cochilco raises 2024, 2025 copper price estimates

Published: 17 May 24

The Chilean Copper Commission (Cochilco) on Thursday raised its average copper price estimates for both this year and next. Cochilco now sees average copper prices this year at $4.30/lb, from $3.85/lb before. For next year, Cochilco estimates average copper prices around $4.25/lb, up from $3.90/lb before.

UNIT FEATURES
The new M20 MILLTURN has a turning machining unit with B-axis and automatic tool change on the lower system.

Company focuses on core competence in complete machining

Published: 17 May 24

Austrian mechanical engineer WFL Millturn Technologies’ latest development has enabled the company to manufacture the complete machining of chuck parts with a diameter of 2 000 mm. The complete machining of chuck parts from the aerospace industry is one of the core competencies of WFL Millturn Technologies, which notes that it has been able to gain “quite an advantage over the years” for chuck parts where the diameters are often the same as or considerably larger than the workpiece length.

INDISPENSABLE OPPORTUNITY
The Machine Tools Africa expo aims to be an indispensable gathering for all stakeholders in the engineering and manufacturing industries

Machine Tools Africa to play crucial role in education, skills development

Published: 17 May 24

The upcoming Machine Tools Africa 2024 exhibition will serve as a comprehensive platform for showcasing the latest innovations in machine tools and related technologies. It also plays a crucial role in education and skills development, which is vital for sustaining industrial growth in South Africa.

Industry organisation eagerly anticipates Machine Tools Africa event

Published: 17 May 24

With a few days to go until the 2024 iteration of the Machine Tools Africa event, to be held from May 21 to 24 at the Nasrec showgrounds, in Johannesburg, industry organisation Machine Tools Merchants’ Association (MTMA) chairperson Mike Lee says all exhibitors are “getting ready to put the greatest machine tool exhibition on the African continent together”. The latest industry technologies are being demonstrated at the event, Lee says, noting that it will “without a doubt be of huge interest” to the local and international markets.