Gemfields faces 21% tax as Zambia reinstates export duty
Combined with an existing 6% mineral royalty tax, the 15% export duty on emeralds represents a significant tax burden for Gemfields.
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Stubbornly resilient lithium supply remains hurdle to recovery
Lithium prices have plunged since late 2022 on oversupply and slower-than-expected growth in electric vehicle demand.
Colorado start-up raises $5.1m to advance critical mineral separation with biochemistry
Alta aims to increase supplies of rare earth elements like neodymium and dysprosium by cost-effectively separating them from abundant low-grade sources.
Equinox Gold extends Fazenda mine to 2033
Fazenda has been operating since 1984 as a combined underground and open pit mine, producing over 3.3 million oz. of gold to date.
British Columbia’s EAB upholds $97k fine against Teck Coal for workplace injury
Teck Coal was found to have contravened the Health, Safety and Reclamation Code for Mines in the province.
Novel lithium metal battery achieves unprecedented cycling results, CEO says
Pure Lithium announced results it says have never been previously reported from lithium metal battery cycling, and further proves its technology’s commercial viability.
Scottie drills more high-grade gold in British Columbia ahead of initial resource statement
Highlights among the most recent batch of results include 2.6 metres grading 20.2 grams gold per tonne.
Sandvik acquires US-based CAM reseller FASTech
FASTech will be a part of the business unit holding Mastercam, the the world’s leading CAD/CAM software provider.
Nippon Steel’s thwarted bid sets up tougher rivalry with Chinese mills
Creating an entity to compete more effectively with China was touted as a key rationale behind the Japanese firm’s proposal to purchase US Steel.
