Congo reinstates miners’ VAT exemption on imports in U-turn
The government owes mining companies about $700 million in VAT reimbursements from before last year's suspension.
Latest Stories
Copper price surges to 32-month high as hedge funds place $20 billion bet
Copper trades just short of $3 a pound as large scale futures speculators build massive bullish position and global supply worries resurface.
Gold rush in Nicaragua — production doubles in little over 10 years
Last year, the nation produced over 267,000 ounces of gold, significantly more than the 109,200 ounces it generated in 2006.
China’s Chalco plans $500m investment in Guinea bauxite project
The deal comes after a trip by the Guinean mines minister, Abdoulaye Magassouba, to China and follows other major Chinese investments in the resource-rich West African nation.
Copper price consensus outlook suggest rally will run out of steam
Even the most optimistic forecasts for copper by year-end is below the spot price.
Zinc prices hit decade-high on shrinking Chinese stockpiles
Metal traded above $3,000 per tonne on the LME for the first time since November 2007.
US researchers find unexpected new source of much-needed lithium
Lithium needed for rechargeable batteries used in high tech devices and electric cars might soon be extracted from calderas surrounding dormant supervolcanoes.
Flash floods hit Freeport Indonesia’s mining operations
Flash floods have left one worker missing and caused extensive damage to a power plant at the miner's operations in the eastern-most province of Papua.
Police detain central figure in mining’s largest corruption scandal
Israeli diamond billionaire Beny Steinmetz, four others, in custody of Israeli police on suspicion of fraud, forgery, obstruction of justice and bribery.