Brazil’s Gerdau buys out Sumitomo Corp and JSW in Gerdau Summit
The transaction is expected to close in early 2025.
The governor of Tulcingo de Valle, Puebla, Mexico, has informed that the exploitation of antimony at the Tulcingo mine has been suspended due to the fact that the company responsible for the mine, East Mining, has failed to provide the necessary permits.
The governor highlighted that any company that has not been granted legal authorization to operate will be sanctioned. The amount of the fine to be issued to the company has not been determined yet.