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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.
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Biden open to easing sanctions on billionaire Gertler in return for Congo exit
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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.
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Anglo American has sought fertiliser partners for months, says CEO
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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.
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Chile's Cochilco raises 2024, 2025 copper price estimates
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Central lime project, Papua New Guinea
Published: 17 May 24
The project will be Asia Pacific’s first carbon-neutral quicklime, clinker and cement project for supply to PNG, Australia and the South Pacific at much lower cost than Asian exporters.
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