A roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.
- FPX Nickel announced Friday that on September 21, it signed a non-binding memorandum of understanding with Japan’s JOGMEC and Prime Planet Energy & Solutions , a JV between Toyota and Panasonic.
On top of that, under the terms of the MoU, FPX, PPES and JOGMEC will work collaboratively to share technical information and expertise, and to explore potential strategic arrangements and business structures. President and CEO Martin Turenne said, “We are pleased to initiate this MoU with PPES and JOGMEC, two groups leading the global transition to a low-carbon, electrified economy. This MOU demonstrates the strategic nature of the Baptiste project and its potential to produce an ideal nickel feedstock for the battery supply chain.
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Top Philippine Nickel Miners May Spend $2 Billion in New Plants(Bloomberg) -- The Philippines’ two biggest nickel producers are planning to invest about $1 billion each to build processing plants, the companies’ top executives said, boosting the government’s push to develop the Southeast Asian nation’s downstream mineral industry.Most Read from BloombergPassalacqua in Italy’s Lake Como Is Named Best Hotel in the WorldVegas’ Newest Resort Is a $3.7 Billion Palace, 23 Years in the Making‘Dead Space’ Co-Creator Departs Startup After Newest Game FlopsFed Set to
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Top Philippine Nickel Miners May Spend $2 Billion in New PlantsThe Philippines’ two biggest nickel producers are planning to invest about $1 billion each to build processing plants, the companies’ top executives said, boosting the government’s push to develop the Southeast Asian nation’s downstream mineral industry.
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Nova Scotia gas prices drop by a nickel overnightIf you waited till Thursday to fill up your car, you saved yourself a bit of cash. The Nova Scotia Utility and Review Board, which regulates fuel prices in ...
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Japan's troubled Toshiba to delist after takeover by Japanese consortium succeedsTOKYO (AP) — A 2 trillion yen ($14 billion) tender offer for troubled electronics and energy giant Toshiba by a Japanese consortium has been completed, clearing the way for it to be delisted, the company said Thursday. In the tender offer, announced last month and ended Wednesday, the number of shares purchased exceeded the minimum needed, at 78.65%, it said. The switch to Toshiba's new parent company and largest shareholder, called TBJH Inc. will take place on Sept. 27. The move still needs sha
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Japanese PM Fumio Kishida seeks to shake up $5-trillion asset management industryThe Japanese government is reviving its decades-old policy pledge to move 2,000 trillion yen of household financial assets into investment, as half of such assets are sitting in cash or bank deposits
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Global Funds Double Sales of Japanese Stocks to Most Since 2019Foreign investors sold the most Japanese equities since March 2019 last week as the Topix index reached a fresh multi-decade high.
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