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Cement prices surge to Rs850

Sky-rocketing coal prices, squeezed supplies and other similar issues have caused a surge in cement prices that has subsequently led to an increased cost of construction.In the last 60 days (since Jan 15), the per-bag cement price has increased by Rs160 and it may...

Rio Tinto goes after Turquoise Hill in $2.7 billion bid

Oyu Tolgoi is Rio’s biggest copper growth project but has faced geological challenges. (Image courtesy of Rio Tinto.) Rio Tinto has offered $2.7 billion for the 49% of shares it doesn’t already own in Canada’s Turquoise Hill Resources (TSX, NYSE: TRQ) in a move that...

FLSmidth recruits Microsoft to advance digital mining

Image: FLSmidth FLSmidth has signed an agreement with Microsoft to accelerate its digital journey and further advance its MissionZero sustainability ambition for the mining and cement industries. The collaboration will co-innovate and improve FLSmidth’s existing...