China’s gold imports via Hong Kong bounce back in August
Net imports stood at 39.023 metric tons in August, up 51.4% from the previous month.
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Czech tycoon backs Coronado’s coal expansion in Australia, US
Coronado has expansion options including developments in Queensland, Australia and at Mon Valley in southwest Pennsylvania.
Vale and Port of Açu sign deal for potential low-carbon iron ore complex
The plan is to develop a hot briquette iron plant that would make high iron content compact bricks to supply steel mills.
K92 extends Trafigura partnership with $100 million loan, longer offtake
The company expects first drawdown to occur in early to mid-Q4 2023.
Glencore bought at least 5,000t of Russian copper via Turkey – report
The Financial Times reported the metal was sold by UAE-based entity Haldivor Energy and exported through Turkey to Italy’s Livorno port.
China scoops up cheap Indian iron ore in bid to trim steel costs
Indian iron ore exports have surged as steel mills switched to lower-grade, cheaper feed in the face of dwindling profits.
Congo plans new copper-cobalt smelter to serve informal miners
The project will be developed by privately held Congolese firm Buenassa Sarl and is expected to cost $350 million.
Brazil’s Mura people back Amazon potash mine
Based on consultations, several hundred Mura people voted in support of the project being constructed and operated by Brazil Potash’s local unit Potássio do Brasil.
Philippines’ lower house passes bill overhauling mining tax system
Under the bill, large-scale metallic mining operations within mineral reservations shall be subject to a royalty rate of 4% of the gross output.
