Indian miners seek higher import tax on aluminum, zinc, copper products
The government should raise import taxes to 10%-15% on several aluminum products, including scrap to 10% from 2.5%.
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Vedanta says state revenue share would make Barmer oil asset unviable
The government has said it is entitled to increase its revenue share from the block by 10%, having recently extended the contract for the Barmer asset by 10 years.
Mining People: FPX Nickel, Pan Global, SolGold, Fission 3, Inventus, Wolverine Resources
Key moves in the mining sector.
Australia extends $165 million in loans to local lithium miner
The 10-year debt facility will go toward expanding mining and processing at the Pilgangoora project.
France puts future of deep sea mining in doubt
A growing number of member states of the ISA have called for a “precautionary pause” or moratorium on mining due to the lack of scientific data on fragile and biodiverse deep ocean ecosystems targeted for exploitation.
ArcelorMittal’s Q3 profit beats expectations on energy savings
ArcelorMittal said it had cut its gas consumption in Europe by 30% in a bid to counter surging energy prices.
Growing human rights focus in due diligence for lenders
The growing focus on human rights goes well beyond the operational realm into a mining project’s entire upstream and downstream supply chain.
Teck Resources secures 100% renewable power supply for Quebrada Blanca phase 2 from 2025
Clean energy contract will mitigate about 1.6 million tonnes of annual greenhouse gas emissions, equivalent to removing over 340,000 combustion engine passenger vehicles from the road.
Copper price rises on signs of US inflation turning the corner
The dollar fell sharply on Thursday after US consumer prices rose less than expected last month.