Anglo Asian inks sales contract with Trafigura for new copper mine
The sales contract includes a revolving prepayment facility of up to $25 million.
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Gold Fields pays $36M for 12% of Founders Metals
This is the second significant Canadian mining investment in as many years by Gold Fields.
Aluminum price hits three-year high as US-China truce buoys outlook
Aluminum gained more than 7% in October, its best showing in more than a year.
China’s massive African mine threatens to upend iron ore market
Simandou is the world’s largest untapped iron ore deposit, with estimated reserves of at least 3 billion tons.
Malaysia PM says $142M magnet plant to boost rare earth sector
In July, Lynas Rare Earths and South Korea's JS Link signed a deal to develop a 3,000-tonne neodymium magnet manufacturing facility.
China cuts gold tax exemption as state bank stops gold product enrolments
China will stop retailers from offsetting VAT on physical gold sales for gold purchased from the Shanghai Gold Exchange.
Coeur Mining buys New Gold in $7B all-stock merger
Deal consolidates two midsize North American gold miners as record-high metal prices boost investor interest in the sector.
Kodal Minerals keeps Mali lithium mine running amid unrest
Al Qaeda-linked militants have neared the capital, blocking roads, ambushing troops, and attacking fuel trucks.
Indonesia’s Amman Mineral moves a step closer to getting export permit
Since mid-2023, Indonesia has banned exports of copper concentrates and other raw minerals.
