Saudi Arabia has signed nine investment deals in the metals and mining sector worth over 35 billion riyals ($9.32 billion) with various international companies, including India’s Vedanta and China’s Zijin Group. The deals were announced during the World Investment Conference in Riyadh, as part of the Global Supply Chain Resilience Initiative, a program under Saudi...
READ MOREThe Deposit and Management Fund (CDG) and Gotion High-Tech group have signed a memorandum of understanding (MoU) to support the electric battery gigafactory currently under development in Kenitra, Morocco. The MoU was signed on Wednesday in Hefei, China, by CDG’s CEO Khalid Safir and Gotion High-Tech’s Chairman Li Zhen. According to a press release from...
READ MOREAmerican gold mining company AngloGold Ashanti is set to acquire Centamin, a company registered offshore on the British island of Jersey. Shareholders from both companies have approved the deal, which is expected to be finalized by the end of November. The acquisition will be conducted through a share swap, with current shareholders of AngloGold Ashanti...
READ MOREFLSmidth and Enter Engineering have signed a cooperation agreement for the supply of core mineral processing equipment for the MOF-4 copper-gold-molybdenum concentrator, currently under construction in Almalyk, located in Uzbekistan’s Tashkent region. Once completed, the plant is expected to be among the largest copper concentrators in the world. The agreement, estimated to be worth around...
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