February 2, 2023

Sojitz to sell stake in Gibraltar copper mine to Taseko

The Japanese trading house said reasons for offloading its interest in the Canadian mine included unstable operations, declining grades and increased risk of environmental liabilities.

February 1, 2023

Japan buyers agree to pay Q1 aluminum premiums of $85-$86/t, sources say

The figures are lower than the $99 per tonne paid in the October-December quarter and mark a fifth consecutive quarterly decline.

February 1, 2023

President Jokowi ‘confident’ Tesla will invest in Indonesia

The country has offered the US car maker incentives ranging from tax breaks to a concession to mine nickel.

January 31, 2023

Gold as inflationary hedge makes Turkey world’s biggest buyer

The central bank’s gold reserves were at the highest level on record, the World Gold Council said in a report Tuesday.

January 31, 2023

Vedanta said to scrap plans to sell mega Indian copper smelter

The copper smelter, located in the southern state of Tamil Nadu, accounted for almost 40% of the metal’s production in the country.

January 31, 2023

Indonesia reviewing possible impacts of plan to limit tin exports

The resource-rich country is set to ban exports of all unprocessed metal ore in June 2023 to develop processing facilities at home.

January 31, 2023

2022 was strongest year for gold demand in over a decade — report

Annual gold demand jumped 18% to 4,741 tonnes, almost on a par with 2011.

January 31, 2023

Philippine nickel mining group rejects proposed tax on ore exports

The proposed tax on mineral ore exports is part of the overall plan to establish a new fiscal regime for the industry to boost government revenue.

January 30, 2023

Glencore sells Russian aluminum into LME storage, sources say

A build-up of Russian metal is likely to raise concern in the market that benchmark LME prices will weaken.

January 30, 2023

Philippines may tax nickel exports to follow Indonesia’s success

Indonesia and the Philippines are the world’s biggest suppliers of nickel.