China’s massive African mine threatens to upend iron ore market
Simandou is the world’s largest untapped iron ore deposit, with estimated reserves of at least 3 billion tons.
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China cuts gold tax exemption as state bank stops gold product enrolments
China will stop retailers from offsetting VAT on physical gold sales for gold purchased from the Shanghai Gold Exchange.
Coeur Mining buys New Gold in $7B all-stock merger
Deal consolidates two midsize North American gold miners as record-high metal prices boost investor interest in the sector.
Kodal Minerals keeps Mali lithium mine running amid unrest
Al Qaeda-linked militants have neared the capital, blocking roads, ambushing troops, and attacking fuel trucks.
MINING.COM launches Global Mining Power Rankings
The new initiative lets readers directly shape how the world’s leading mining stocks are ranked.
China ends gold tax break in setback for key bullion market
Starting on Nov. 1, Beijing will no longer allow retailers to offset a value-added tax when selling gold they bought from the Shanghai Gold Exchange.
World Bank arbitration body rejects Barrick expedition request in Mali case
The company had wanted ICSID to urgently address issues brought up in its dispute with Mali.
Angola says national budget will not fund Endiama’s De Beers bid
The southwest African country had initially indicated interest in a minority stake in De Beers.
Vianode to build $1.4B synthetic graphite plant in Ontario
The project is structured as a phased investment, starting with an initial investment of over C$2 billion.
