Basic Materials/Resources

LAKE ELMO, Minn.—Inside a locked storage container near the Twin Cities, 200 gallons of concentrated PFAS await an executioner. The Minnesota Pollution Control Agency harvested the chemicals from a nearby aquifer and has invited companies to demonstrate an array of destructive technologies on samples of the liquid. The goal is to kill the PFAS, which have been linked to cancer and other health problems, by dicing up molecules that have some of the strongest bonds on Earth.  LAKE ELMO,…

Norfolk Southern Corp. said the train derailment that spilled toxic chemicals in a small Ohio town earlier this year has cost the company almost $400 million so far. The Atlanta-based railroad operator said Wednesday that it was taking a $387 million initial charge associated with the accident. The charge doesn’t reflect money that the company could potentially recover through its insurance policies. Norfolk Southern Corp. said the train derailment that spilled toxic chemicals in a…

Mining companies are back at the deals table as they battle for control of commodities essential for making electric cars and renewable-energy infrastructure. The world’s largest miner is set to seal its biggest deal in more than a decade. An American gold giant is seeking to acquire an Australian rival that is rich in copper. And a Swiss commodities company has made two proposals to combine with a century-old Canadian competitor. Mining companies are back at the deals table as they…

Shares of some of the world’s biggest lithium mining companies traded sharply lower on Friday after Chilean President Gabriel Boric unveiled a new state-led strategy to develop its vast resources of the metal, which is vital for the development of electric vehicles.  Mr. Boric, a leftist former student protest leader who took office last year, announced late Thursday plans to create a state-owned lithium company to develop Chile’s lithium resources, a key campaign promise. In a televised address, Mr.…

Metal markets seem to think copper is the new lithium. A lack of new mining activity has added to worries that there won’t be enough of the red metal for the energy transition, a popular topic at this week’s World Copper Conference in Santiago, Chile.South America currently dominates copper production and Chile is the largest mined producer. Increasing mine output has proved a challenge, prompting a wave of deal making in the industry and warnings of a serious supply shortfall over the next decade.…

KIBBY TOWNSHIP, Maine— Weyerhaeuser Co. has cut down more trees than any other American company since its founder started logging before the Civil War. Environmentalists have long treated it as an enemy. Now, the new math of carbon emissions is enabling the lumber producer to cast itself as something quite different: a force for environmental good. KIBBY TOWNSHIP, Maine— Weyerhaeuser Co. has cut down more trees than any other American company since its founder started logging before…

Potash , a potassium-based fertilizer mined from the ground, came into sharp focus last year when prices reached record highs following supply disruptions from Belarus and Russia. Some see it as a key commodity not just for agricultural production but also combating global warming.  Now potash producers elsewhere—most notably in Canada—are seeing an opportunity to grab market share. BHP, the world’s largest miner, sees the fertilizer as one of the keys to its future. Will their potash bets pay off?…

The Canadian miner said its own plan to split into two independent companies was in the best interest of its shareholders. The Canadian miner said its own plan to split into two independent companies was in the best interest of its shareholders. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all…

Glencore GLNCY 2.90% PLC said it would add a cash component to its roughly $23-billion merger proposal for Teck Resources Ltd. TECK 1.24% , as the commodities company seeks to win over the Canadian miner’s shareholders for a deal that would create a copper giant.Glencore last week detailed a bid to combine with Teck and create two separate companies for their merged metals and coal businesses. Teck said it had rejected…

​ADELAIDE, Australia— Newmont Corp. raised its takeover offer for Newcrest Mining Ltd. to around $19.5 billion, as it aims to seal what would be the largest-ever M&A deal in the gold-mining industry. Newmont’s decision to improve its all-stock offer for Newcrest comes at a time when gold prices are approaching a record high amid stress in the global banking system and heightened worries over the economic outlook. The U.S. company had previously had an around $17 billion bid rebuffed by Newcrest,…