Zimbabwe miners losing 20% of export proceeds to exchange rate distortions
Exporters are required to surrender 40% of their foreign currency earnings to the central bank, in exchange for local currency at the official rate.
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Grupo Mexico net profit rises to $844m in third quarter
The company also reported a 28.9% increase in revenue year over year, to $3.65 billion.
Rio Tinto to host world’s first carbon mineral storage hub near Iceland smelter
Iceland-based Carbfix will use Rio Tinto’s land surrounding the ISAL smelter for onshore CO2 injection.
Equinox breaks ground at one of Canada’s largest gold mines
The $1.23bn Greenstone Gold Mines project will produce more than 400,000 ounces of gold annually for the first five years of operations.
Fresnillo’s production hit by labour shortages, lower grades
The Mexico-focused precious metals miner is grappling with a staff shortage triggered by labour reforms in the country.
Vulcan Energy accused of misleading investors with positive PFS — report
J Capital alleges Vulcan's management team low-balled the costs, thus making the project look profitable, and overstated the quality of the resource.
TSLA la land: Tesla vs Volkswagen 2021 battery power comparison
Head to head, gigawatt for gigawatt Tesla vs Volkswagen’s electric car only sales show just how out of whack TSLA’s $1 trillion valuation really is.
Aluminum sector needs $1.5 trillion just to decarbonize power
Around 60% of the aluminium sector's emissions are from the production of electricity consumed in the smelting process, but investment is also needed to shift to green hydrogen, deploy carbon capture and boost recycling,
Colombian Mining Association establishes sustainable mining standard
Producers of coal, gold, nickel, emeralds, copper and industrial minerals in the country will adopt a set of indicators to measure and publicly report on the quality of its management systems.
