CMR to Expand Trading Business; Anglesey Mining Receives Environmental Assessment Approval

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COMMODITIES,MINING,GLOBALTRADE

Critical Mineral Resources (CMR) focuses on growing its commodities trading business, while Anglesey Mining receives feedback on its Parys Mountain Mine Environmental Impact Assessment.

Critical Mineral Resources (CMR) outlined its 2024 plans, focusing on expanding its trading business. The company highlighted recent progress in base and speciality metal trades and proposed advancements for its commodities trading unit in 2025. CMR emphasized strong demand for Moroccan exports, including metal concentrates and critical materials, citing its partners' expertise in the local mining economy.

The company stressed its commitment to high ethical, environmental, and social impact (EISA) standards, particularly in supporting undercapitalized small-scale mining in Morocco. Meanwhile, Anglesey Mining announced that Anglesey County Council approved their Parys Mountain Mine Environmental Impact Assessment Scoping Report. While the council provided detailed feedback and commentary, three areas - ground and surface water, cultural heritage, and traffic and transportation - require further work and consultation with experts. Anglesey Mining intends to utilize this additional information to refine their scope. Shares in Anglesey Mining dropped 17% following the announcement. Additionally, ACG appointed Damien Coles as its chief legal officer

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