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Regis and Vault surprise with major merger
miningmonthly49d ago

Regis and Vault surprise with major merger

Vault Minerals has long been seen as a possible takeover target, but Regis was not the expected buyer. In any case, today's merger of equals creates a A$10.7 billion business with annual production of 700,000 ounces and a massive pile of cash.

#COMMODITIES
Pakistan Opens Iran Land Corridors as Region Scrambles for Routes Beyond Hormuz
oilprice49d ago

Pakistan Opens Iran Land Corridors as Region Scrambles for Routes Beyond Hormuz

Pakistan has opened six overland transit routes to move shipments into Iran, aiming to clear more than 3,000 containers stranded at Karachi and Port Qasim as disruptions in the Strait of Hormuz continue to choke maritime flows, according to Pakistan’s Dawn media outlet. The move follows a statutory regulatory order issued last month by Pakistan’s Ministry of Commerce, activating a 2008 bilateral road transport agreement with Iran, allowing third-country cargo to transit through Pakistani ports and overland corridors into Iran. The designated...

#ECONOMY