India trade ministry seeks lower tax on diamond miners
The commerce department has sought to scrap levies and introduce a presumptive tax of 0.25 percent on diamond mining companies.
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Potash CEO meets with Chilean government amid stake sale
On Thursday, Potash Corp CEO Jochen Tilk met with authorities in Chile as the company tries to divest its minority stake in lithium miner SQM.
Vedanta’s Zambian arm to set up new processing plants
Vedanta Resources said Thursday its Zambian subsidiary KCM plans to set up new copper smelter, cobalt refinery and more under a $1 bln investment programme.
Asia Gold-Price dip gives small spark to demand; India buyers unmoved
Demand for physical gold picked up in most Asian centres this week as prices fell, but drop in local rates to four-month lows failed to lure buyers in India.
China’s Tongling Nonferrous cuts copper output by 20-30 pct
One of China's top copper smelters has reduced production by 20-30 percent to comply with winter output restrictions, a company official said on Thursday.
Indonesia’s Freeport-Rio plan masks longer-term issues: Russell
Proposed three-way deal between the Indonesian government, Rio Tinto and Freeport to clean up ownership of Grasberg 'ignores the wider picture'.
Biggest iron ore miner threatens to flood market if prices surge
Brazil's Vale is prepared to unleash as much as 50 million metric tons of spare capacity to balance the market if prices get too high.
Massive Oyu Tolgoi mine to more than double gold production in 2018
Rio Tinto-controlled Turquoise Hill is also predicting costs to fall about 2.8%.
Harmony Gold says Moab Khotsong mine purchase to boost cash flows
The $300 million deal, which incorporates the Great Noligwa underground mine and related infrastructure, is expected to boost Harmony's operational cash flow by 60%.
