Russia’s Severstal will need to pay $340m in extra taxes in 2022
The additional payment is due to changes in the calculation of a mineral extraction tax and the excise tax on steel.
Latest Stories
Indonesia president launches $2.7 billion China-backed ferronickel plant
The plant will be able to process 13 million tonnes of nickel ore annually.
Top lithium stories of 2021 and what to expect in 2022
Limited supply not only helped prices, but pushed companies to try meet demand, which made lithium take centre stage in our coverage.
Misstep could reignite blockade against Las Bambas copper mine in Peru
The president of the Fighting Committee for the Mining Corridor said that if the government proposal was not reasonable, a new blockade would be launched against Las Bambas.
Researchers link cobalt mining in the DRC to violence, substance abuse, food-water insecurity
An interdisciplinary group of researchers is calling for more data on how emerging technologies affect human health and livelihoods.
World economy now set to surpass $100 trillion in 2022
China will overtake the U.S. in 2030, two years later than forecast a year ago.
Russia’s largest new copper deposit to be developed under UN Global Compact guidelines
Udokan Copper, owned by Russian billionaire Alisher Usmanov's holding firm USM, has joined the UN Global Compact.
Codelco requests second arbitration against Ecuador over copper project
The Llurimagua project has been the subject of commercial tensions since November 2020.
Lithium production growth to accelerate, but supply risks abound — report
A host of new players are developing new extraction techniques, which could upend primary supply of lithium, says Fitch.