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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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Pricing power seen returning to steel producers

Pricing power seen returning to steel producers

After about two years, pricing power seems to have returned to steel companies. Now, primary steel producers are preparing to raise prices for this month. On Wednesday, NMDC announced a rise of Rs 250-300 a tonne in domestic iron ore prices. “Taking the total domestic demand-supply environment into ...

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