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Peabody extinguishes another $150m debt

US coal major Peabody Energy has notified lenders that it will repay a further $150-million of its senior secured term loan, bringing total debt repaid in the third quarter to $300-million. The St Louis, Missouri-based miner also said it was seeking amendments to accommodate a repricing of the company's senior secured term loan, which will total $647.6-million after the prepayment.

International Lithium Corp receives proof of concept study for alternative lithium recovery

TSX-V-listed International Lithium Corp (ILC) has received the final proof of concept study for the recovery of lithium using membrane separation as a potential alternative to the natural evaporation process, which is currently proposed at the lithium brine joint venture project in Salta, Argentina.

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