Glencore, China Moly face higher cobalt royalty taxes in Congo
The Democratic Republic of Congo will declare cobalt a strategic metal, imposing a 10 percent royalty tax on producers.
Latest Stories
Solar with batteries cheaper than gas in parts of US Southwest
Natural gas-fired power plants will be facing more price competition from solar farms in some parts of the U.S. as battery costs fall.
Ramaphosa gives taste of plan to kickstart South African economy
Ramaphosa revealed highlights of the plan at a Sept. 14 meeting and the full package should be announced at the Oct. 24 midterm budget.
Russian giant copper project aims to raise $1.25B in 2018
Spurred by high global appetite for cooper, the company in September started preparing the site for construction of a massive plant at the deposit.
Philippines president repeats desire to “close all mining” after landslides
Environment and Natural Resources Secretary ordered all small-scale mining stopped in the Cordillera region, where landslides killed 24 people.
South Africa’s Eskom has coal shortages at 10 power plants – spokesman
Eskom said on Monday that it had fewer than 20 days of coal supplies at 10 of its 15 coal-fired power stations, posing a threat to national power supplies.
Relief for Rusal, but aluminium’s political risks remain
The United States has thrown Russian aluminium company Rusal a lifeline by loosening sanctions imposed on the company in April.
South Africa imposes tough conditions on Sibanye-Lonmin deal
The transaction would create the world’s No.2 platinum producer as Lonmin is the world’s third-largest while Sibanye-Stillwater is the fourth.
Lithium Power closer to start mining at Chile’s Maricunga
The Maricunga project in northern Chile has seen significant past exploration, with over $30 million spent to date.
