A torrent of deal-making among gold producers that’s pushed M&A in the sector to an eight-year high is seen spilling over into the wider mining industry.

Mining royalties would rise to 8% from 2% for raw precious stones. Rough industrial stones would attract a 6% royalty rate while cut industrial stones would be taxed at 3%.

According to a new report, in October the average EV sold globally contained 22% more nickel, 19% more cobalt and 15% more manganese than a year prior.

Nornickel aims for the tokens to account for as much as 20% of its metals sales, possibly within the next couple of years.

The subsidiary of fellow Australian company, Perenti, successfully piloted its BROC remote operating centre.