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Boliden invests in the Tara Mine in Ireland

Successful exploration at the Tara zinc mine in Ireland has identified a new mineralisation with an inferred mineral resource of 10 Mtonnes. Boliden has decided to expand the mine’s tailings dam and launch a programme to extend the life-of-mine.

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President of Colombia opens the Regasification Terminal of Cartagena de Indias

With a capacity of 400 million cubic feet of liquefied gas per day the president of Colombia, Juan Manuel Santos, inaugurated the first regasification terminal in Cartagena de Indias, executed by Sacyr Industrial, along with the president of Sacyr, Manuel Manrique; the chief executive officer of Sacyr Industrial, Pedro Sigüenza; and other political and business authorities. With an investment of $150 million, this terminal will help boost Colombian competitiveness and the development of the Caribbean coastal region.

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New strategic Partnership between Glencore and Qatar Investment Authority relating to Rosneft

Glencore and QIA have concluded various agreements which provide for the establishment of a 50:50 consortium (the Consortium).

The Consortium has entered into agreements in connection with the further privatisation of Rosneft whereby the Consortium will acquire from Rostneftegaz a 19.5% interest in the issued share capital of Rosneft (the Shares) for €10.2 billion (the Consideration). Under the proposed arrangements, Glencore will commit €300 million in equity (the Glencore Equity) and QIA will commit €2.5 billion in equity to the Consortium with the balance of the consideration for the acquisition of the Shares to be provided by non-recourse bank financing, principally by Intesa Sanpaolo S.pA., with Russian banks also providing financing and credit support.

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SSAB invests in its Nordic Operations

SSAB will invest more than SEK 500 million in its Nordic operations to support the automotive growth strategy, increased production stability and reduced energy consumption. The investments will be made in operations at the Hämeenlinna and Luleå sites and the projects will start in late 2016.

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Jerbanverket begins new Era in Norway

Thanks to more money for maintenance, Jernbaneverket now has the opportunity to think along new lines when planning. Entire sections can now be renewed for faster and greater benefits. 2015 was the first big year of maintenance in modern times.

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Small Businesses still big Winners of Resources Sector

The Queensland Resources Council’s latest report into resource company spending patterns confirms that local operators are still big beneficiaries of the resources sector. Despite facing one of the most severe economic conditions on record, the resources sector spent $24.7 billion with more than 24,000 local businesses and community groups last financial year.

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Exploration Initiative paves Way for Future

Statement by QRC Chief Executive Michael Roche

The Queensland resources sector may be well past the investment boom phase but tonight’s federal budget confirms the sector will deliver strong export growth with the return from minerals and LNG outperforming other sectors.

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Eldorado Gold announces amended Investment Plans in Greece

Eldorado Gold Corporation ("Eldorado" or the "Company") confirms that it will implement significant changes to its investment plans in Greece going forward. In order to complete the construction and development of its mining projects (the "Kassandra Mines") in Halkidiki, northern Greece , Hellas Gold , a Greek subsidiary of Eldorado, requires the approval of various routine permits and licenses from a number of government agencies, predominantly under the direction of the Ministry of Energy and Environment (the "Ministry").

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