China’s Yancoal proposes assets merger with Gloucester Coal

Cheap and cheerful Chinese AI does little to unskew relative valuation of one chipmaker against the entire mining industry.

The sanctions package would allow European buyers to import Russian metal under a quota system for a one-year period, before a full ban comes into effect.

The project has resources of around 1.7 million tonnes of rare earth oxides.

The fundraising drew support from existing shareholders and the UK’s National Wealth Fund.