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Business, Precious Metals

“Elliott takes $1 billion stake in Anglo American as miner faces takeover interest”

“…The activist’s U.K. arm, Elliott Advisors, in a regulatory filing Friday confirmed after publication that it had a 2.5% interest in Anglo American. The position, which consists of cash-settled derivatives, is worth around £891 million, or roughly $1.1 billion. Anglo… Continue Reading…

Business

“Feds seek seizure of two New York apartments worth $14 million tied to former Mongolia leader in alleged mining scheme”

“Federal prosecutors on Tuesday sued to seize two New York City apartments worth $14 million that were allegedly bought with proceeds from a corrupt scheme involving Mongolia’s huge copper mine, a former prime minister of that nation, and his Harvard… Continue Reading…

Business, Precious Metals

“Inside Saudi Arabia’s plan to dominate mining”

“Saudi Arabia sees vast riches beyond oil within its reach. The kingdom’s broad-ranging ambition, a top mining official told Semafor, is to extract the more than $2.5 trillion in metals in its soil, invest in minerals extraction around the world,… Continue Reading…

Business, Precious Metals

“Gold Miners Newmont, Newcrest Extend Takeover Talks by a Week”

“Talks to secure the biggest ever gold-mining deal will be extended after Newmont Corp. and Newcrest Mining Ltd. failed to reach a binding agreement in the time originally allotted… Newmont, the world’s biggest gold miner, made a non-binding offer to… Continue Reading…

Investing, Precious Metals

“Big Money Is Eyeing Metals Over Oil As Mining Assets Soar”

“…The energy transition is driving the next commodity supercycle, with immense prospects for technology manufacturers, energy traders and investors. Indeed, new energy research provider BloombergNEF estimates that the global transition will require ~$173 trillion in energy supply and infrastructure investment over the… Continue Reading…

Cryptocurrencies

“Core Scientific, a major U.S. bitcoin mining company, is going public via SPAC”

“Cryptocurrency mining operator Core Scientific said Wednesday it is listing on the Nasdaq through a merger with Power & Digital Infrastructure Acquisition Corp. The deal with the special purpose acquisition company values Core Scientific at roughly $4.3 billion. It’s not… Continue Reading…