Mexico’s proposed higher mining royalties could block nearly $7bn in investments
The Mexican government proposed raising mining royalties under the argument that metal prices have risen in recent years.
Ethiopia is set to hit its target of more than doubling mining exports to an annual $1 billion ahead of time, the country’s mining minister told Reuters, as it promotes gold extraction, but also fertilizer ingredient potash.
Ethiopia, though still reliant on commodities like coffee for revenue, is expected to earn around $500 million from mining exports in the financial year to next July, the minister said. It had targeted doubling that over five years from 2010/11.
