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Abu Dhabi Fund Invests in Swiss Online Metals-Trading Platform

(Bloomberg) Abu Dhabi-backed Mubadala Investment Co. is buying into a Swiss online metals-trading platform set up by two former Glencore Plc traders. The United Arab Emirates wealth fund is the lead investor in a $33 million funding round, Zug, Switzerland-based Open Mineral AG said in a statement. The funds will be used to expand the company’s digital trading offering, which allows producers and traders to buy and sell metals and raw materials online. Boris Eykher, Open Mineral’s chief executive officer and co-founder, said the firm has 45% of all global metals buyers and sellers registered on its trading platform. Users include China’s Zijin Mining Group and Russia’s Ural Mining and Metallurgical Co., he said by email. The latest funding round attracted other new investors, including Statkraft and Lingfeng Capital. Open Mineral declined to disclose the size of individual investments. The trading platform’s other backers include Xploration Capital and Emerald Technology Ve ....

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Mubadala invests in metal concentrate trading platform

Mubadala invests in metal concentrate trading platform
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ETtech Morning Dispatch on 21 Jan. 2021: Top tech news to start your day

ETtech Morning Dispatch on 21 Jan. 2021: Top tech news to start your day
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Last Updated: Jan 21, 2021, 08:31 AM IST
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From India s plan to revamp IT Act to Tesla India s one-seat office in Bengaluru and Joe Biden s tech to-do list, here are the must-read top tech news this morning
ETtech
India is planning to revamp its IT Act to keep up with the massive shifts in technology. Tesla India has booked a one-seat office in Awfis Bengaluru a placeholder of sorts. Sebi has approved the Reliance-Future deal, amid persistent opposition from Amazon.
Also, a look at President Joe Biden’s tech to-do list… ....

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ETtech Bytes On 20 Jan. 2021: Top 5 Tech News Today, In 10 Minutes

ETtech Bytes On 20 Jan. 2021: Top 5 Tech News Today, In 10 Minutes
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Last Updated: Jan 20, 2021, 08:54 PM IST
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From Indigo Paints IPO bringing gains for Sequoia Capital and technical glitches for Zerodha, to Jack Ma appearing in the public for the first time since October, here’s a look at the Top 5 tech news today.
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Good evening, ETtech reader.
Indigo Paints IPO has brought with it bumper gains for Sequoia Capital and technical glitches for Zerodha. Fireside Ventures has announced the final close of its second fund, and Indian IT firms aren’t giving up on their campuses yet. Also, Jack Ma is back! ....

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