Korea Zinc agrees 40% fee cut to turn Teck’s mined zinc into metal

In a December 2018 deal, Freeport and Jakarta agreed that the miner would complete the smelter within five years.

The group is expected to announce a direct ban as of Jan. 1.

The company faces charges for allegedly bribing officials in Angola and has also revealed a US probe into "improper payments" in Brazil.

The trend underscores heightening uncertainty about growth prospects in the world's second-largest economy.

Moody’s Investors Service cut its outlook for Chinese sovereign bonds to negative, underscoring deepening global concerns over debt levels in the world’s largest consumer.

The industry is laying part of the blame on temporary permits known in Peru as Reinfo, a registry that allows informal miners to operate with some legal protections while they formalize operations.

The revelation is the latest twist in a case that has shocked the commodity trading world.

The Biden administration has unveiled plans to exclude Chinese entities from receiving any of the generous tax credits available for investing in the US EV supply chain.

The deal could value Blyvooruitzicht Gold Mining Co. at as much as $425 million.