International news within the industry of mining and metal, May, 22 2019
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The EU is threatening to stop the merger of Tata Steel-Thyssen

Thyssen main office. Photo: Creative Commons, credit: dietmarwiedemann
Thyssen main office. Photo: Creative Commons, credit: dietmarwiedemann
Published by
Markku Björkman - 17 Feb 2019

The EU Commission threatens to veto the steel giants ThyssenKrupp and Tata Steel merging their steel operations in Europe. According to sources noted in the case that Reuters has been in contact with, the EU Commission will send a so-called statement of objections to the two companies, if they do not agree to certain concessions.

ThyssenKrupp also expects to receive such a message, according to Reuters, and it will form the basis for future negotiations.

- As soon as the statement of objections comes, we will examine in detail the arguments of the European Commission, says a spokesman for Thyssen Group to Reuters, who is confident that the deal will be in port early in 2019.
 
 

Cobalt mine in Democratic Republic Congo. About half of all mined cobalt comes from DRC, mainly from the province of Katanga. The mining takes place close to towns and villages. Local communities regularly are cut off from their farmland and water sources near mines, without having had a say in the matter. There are several examples of forced relocations of entire villages. Inhabitants of the village Kishiba, for example, were forced to move to make way for Frontier, a cobalt and copper mine. Their new homes in Kimfumpa lack the most basic of services such as clean water, fertile farmland, schools and health care. Photo: ECCJ Secretariat
Cobalt mine in Democratic Republic Congo. About half of all mined cobalt comes from DRC, mainly from the province of Katanga. The mining takes place close to towns and villages. Local communities regularly are cut off from their farmland and water sources near mines, without having had a say in the matter. There are several examples of forced relocations of entire villages. Inhabitants of the village Kishiba, for example, were forced to move to make way for Frontier, a cobalt and copper mine. Their new homes in Kimfumpa lack the most basic of services such as clean water, fertile farmland, schools and health care. Photo: ECCJ Secretariat

Chinese control half of the Congo's cobalt