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Unveiled by Prime Minister Keir Starmer, the plan targets meeting at least 10% of mineral demand through domestic production and 20% via recycling by 2035.
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BHP said it held preliminary talks with Anglo but stated it is “no longer considering a combination of the two companies” and will instead focus on its existing portfolio.
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The provisional administration of the Loulo-Gounkoto complex will be terminated and operational control of the mine complex returned to Barrick.
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The Eva Copper Project, a 100%-owned, high-margin, long-life asset, is expected to significantly expand Harmony’s copper portfolio.
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As consideration for the acquisition, Bayridge will issue 5,600,000 common shares priced at $0.25 each, valuing the transaction at $1.4m (C$1.97m).
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