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The article discusses the increasing tensions and conflicts in the global mining industry, particularly in regions like Africa and Asia, as countries seek a larger share of profits from valuable metals and minerals. The story follows an Australian mining executive, Neil Warburton, who faced armed soldiers and a revoked exploration license in Ethiopia, highlighting the risks and challenges faced by mining companies in these regions. The article also mentions similar incidents in countries like Mali and the Democratic Republic of Congo, where international mining companies have faced arrests, disputes, and asset freezes. Miners are resorting to international arbitration to seek compensation for seized mines or licenses, as tensions between governments and mining companies escalate. [Extracted from the article]

The article discusses billionaire Gina Rinehart's close ties to Donald Trump and her efforts to bring MAGA ideals to Australia. Rinehart, Australia's richest person, has a controversial reputation marked by generosity and pugnaciousness. She is heavily involved in her company's deals and investments, and is currently investing in energy and critical minerals. Rinehart's support for Trump's policies, such as cutting taxes and reducing government waste, align with her own advocacy for pro-business policies in Australia. [Extracted from the article]

Rio Tinto, an Anglo-Australian mining company, has agreed to acquire Arcadium Lithium for $6.7 billion, making it one of the top producers of lithium, a key commodity used in electric vehicle (EV) batteries. This move reflects Rio Tinto's focus on diversifying its profit sources and capitalizing on the growing demand for lithium in the EV industry. The deal comes at a time when lithium prices have fallen significantly, and Rio Tinto believes that lithium could make a substantial contribution to its earnings in the future. The acquisition will also help Rio Tinto overcome challenges it has faced in building its own lithium business. [Extracted from the article]

Teague Egan, the founder of Energy Exploration Technologies (EnergyX), has ambitious plans to build the world's largest lithium company, despite having no background in mining or chemical engineering. Egan's company has attracted investments from blue-chip backers such as General Motors, Eni, and Posco. While some skeptics question the company's capabilities, Egan remains confident in the future demand for lithium, which is a key component of electric vehicle batteries. Although the lithium market has experienced a downturn, Egan believes that the industry will rebound, and he aims to produce between 500,000 and 1 million tons of lithium annually within the next 10 years. [Extracted from the article]

Vice President Kamala Harris has proposed building a stockpile of critical minerals in the U.S. to counter China's dominance in the supply chains for materials used in defense technology, electric vehicles, and nuclear power. The stockpile would expand upon previous investments by the Trump and Biden administrations to strengthen the U.S. mining sector and build renewable-energy supply chains. The plan aims to address the issue of China flooding the market with supplies, causing price swings that can negatively impact U.S. projects. However, critics argue that a stockpile alone is not a solution to the underlying problem of China's control over critical mineral supplies. [Extracted from the article]

Tens of thousands of protesters in Serbia have taken to the streets to oppose a proposed lithium mine, with suspected Russian disinformation fueling the protests. The US and Germany believe that Russia is playing a major role in stoking opposition to the project in order to undermine Europe's access to lithium and prevent Serbia from fostering closer ties with the West. The mine, owned by Rio Tinto, is expected to produce battery-grade lithium carbonate and contribute to Serbia's gross domestic product. However, concerns about the project's environmental impact have led to widespread opposition. [Extracted from the article]

Arch Resources and Consol Energy have agreed to merge in an all-stock deal to create a new company called Core Natural Resources. The merger aims to create a premier North American natural-resources company with a focus on global markets. Under the terms of the deal, Arch shareholders will receive 1.326 shares of Consol stock for each Arch share they own, with Arch stockholders owning about 45% of the combined company and Consol shareholders owning the other 55%. The deal is expected to close by the end of the first quarter of 2025, subject to approval from shareholders and regulators. [Extracted from the article]

The Biden administration and the Democratic Republic of Congo have proposed a plan to reduce sanctions on Israeli businessman Dan Gertler, who has been accused of corruption, in exchange for his permanent exit from the African country. The plan involves the U.S. extending some sanctions relief to Gertler to allow him to sell his assets in Congo to the government and end his dealings in the country. The U.S. hopes that by providing this relief, it will encourage Western investment into Congo's valuable copper and cobalt mines, which are crucial for the production of electric vehicles. The proposal has sparked debate among officials and civil society organizations. [Extracted from the article]

The article discusses the global rush to acquire copper, a crucial metal used in electric vehicles, data centers, and other technologies. The U.S. and China are competing to secure copper supplies, with the U.S. aiming to prevent China from tightening its grip on global copper supply. The article highlights the importance of copper in the green-energy transition and the U.S.'s efforts to build up supplies of critical metals and minerals. The U.S. government is working with private companies and friendly countries to invest in assets helpful to national interests. China, on the other hand, is rapidly acquiring mining assets in Belt and Road countries. [Extracted from the article]

Anglo American, a mining company, has announced plans to focus more on commodities linked to green energy and unload several assets as part of a turnaround effort. The company will spin off its platinum-metals subsidiary, divest or demerge its diamond unit De Beers, sell its steelmaking coal assets, and explore options for its nickel operation. The plan aims to focus the company's portfolio around assets that support the transition to greener energy, with copper being a central focus. Anglo rejected a $43 billion takeover bid from rival BHP Group and plans to show the value of its copper assets through the restructuring. [Extracted from the article]

Anglo American, a mining company, has rejected a $43 billion takeover bid from Australian mining company BHP. The bid was an attempt by BHP to increase its exposure to copper, a metal that is expected to be in high demand as the world decarbonizes. Anglo American, which produces about 30% of its output from copper, believes that the bid undervalues the company and is too complex. BHP has until May 22 to make a formal offer or walk away. [Extracted from the article]

This article discusses the financial troubles of West Virginia Governor Jim Justice and the impact of the COVID-19 pandemic on the job market in the United States. Governor Justice and his companies have accumulated significant debts, but he remains popular and is favored to become a U.S. senator. The article focuses on the challenges faced by workers in industries heavily affected by lockdown measures and social distancing guidelines, such as hospitality, retail, and entertainment. It also explores the government and business efforts to support workers through unemployment benefits and job training programs. Overall, the article provides a comprehensive overview of the current state of the job market in the US during the pandemic. [Extracted from the article]

Teck Resources, a Canadian mining company, is in advanced talks to sell its coal assets to Glencore, a mining and trading giant. The deal, valued at close to $10 billion, would be one of the largest in the mining industry this year. The price reflects the strong market for metallurgical coal used in steelmaking. Glencore has been one of the few major resources groups to continue investing in coal, while other companies have reduced their exposure to the commodity due to pressure to reduce greenhouse gas emissions. [Extracted from the article]

Randall Atkins, a former Wall Street banker, purchased an old coal mine in Wyoming for $2 million twelve years ago. Recently, government researchers discovered that the mine contains a potentially valuable deposit of rare-earth elements, which are in high demand for electric vehicles and offshore wind turbines. The deposit could be worth around $37 billion. Atkins's company, Ramaco Resources, is now working to extract and analyze larger samples from the mine, with the goal of becoming the first new rare-earths mine in the U.S. since 1952. The discovery is significant as the U.S. seeks to secure rare-earth supplies and reduce reliance on China. [Extracted from the article]

A spokesman for Mr. Greensill said he proposed that Mr. Young play Mr. Hallows a recording of the meeting. Keywords: ahed; a-hed; greensill; england; wsjworld; Credit Types/Services; Banking/Credit; Financial Services; Corporate/Industrial News; Political/General News EN ahed a-hed greensill england wsjworld Credit Types/Services Banking/Credit Financial Services Corporate/Industrial News Political/General News N.PAG N.PAG 1 01/17/23 20230114 NES 230114 Yelling by villagers. At a Dec. 29 Saughall parish-council meeting, Chairman Marc Hallows said he believed Mr. Greensill had lied about donating money. [Extracted from the article]