Indonesia president signals intention to go after illegal mines
Indonesia will move to “rectify” illegal mines estimated to have caused $19 billion in state losses.
Latest Stories
China warns Western companies against stockpiling rare earths, FT reports
China is warning western companies against stockpiling rare earths or risk even greater shortages.
Russia to sell seized stake in gold producer UGC to unit of Gazprombank
Russia will sell a majority stake in gold producer Uzhuralzoloto it seized from businessman Konstantin Strukov to a unit of state-owned Gazprombank.
Dubai investor offers $10M lifeline to Lucapa Diamond
The deal ensures creditors are fully paid, while shareholders get up to 1.8 AUD cents per share, up from 1.4 cents.
Bolivia election and lithium: What you need to know
Some investors hope a political shift will change regulations and unlock access to untapped lithium resources in the country.
Hybrid navigation system successfully deployed in Europe’s deepest mine
System entered a completely new environment - no GPS, no fixed infrastructure, no maps - and returned with precise positioning data, the company said.
Brazil Potash seeks up to $1.8 billion to build Amazon mine
The underground mine, around 100 miles from Manaus, the capital of Amazonas, will supply 2.4 million short tons of potash per year.
Africa’s second-largest aluminum smelter at risk of shutdown
The Mozal plant will no longer be viable under a proposed new tariff set to replace the existing one early next year.
Nickel surpasses coal as Indonesia’s top export, Macquarie says
Earnings from overseas sales of nickel products were $16.5 billion in the first half of the year.
