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Fresnillo’s proposed deal with Newmont to boost gold output 50%

Newmont has agreed to divest its 44% stake in the Penmont joint venture in Mexico to partner Fresnillo for a gross transaction value of $477 million including cash proceeds of $450 million at closing.   The deal gives Fresnillo, which ...

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Mexican and Indian steel firms join up to expand into North Americ

Monterrey, Mexico-based PMP Grupo-Planeación, in partnership with India-based Preet Group-PG, announced plans this week to expand into the US and Canada, building mini-mills to process steel scrap. The announcement Monday at the Association for Iron & Steel Tecnology (AIST) conference ...

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