CMOC and its state-owned partner Gécamines reached a “consensus on the royalties issue” at the Tenke Fungurume operation.

The government has already made changes to the so-called royalty bill, bringing down the average effective tax rate to an estimated 46%.

Nine institutional investors added their weight to calls for more transparency from one of the world's biggest producers of thermal coal.

The company produced 66.77 million tonnes of iron ore during the first three months of 2023.

Monday’s approval by Chilean ministers of a $3 billion-plus overhaul at Los Bronces gives Anglo’s production output a major boost. 

The company would "desperately" like to work with the government to solve regulatory and tax issues.

The administration of President Gabriel Boric is optimistic over an agreement between Tuesday and Wednesday, Mining Minister Marcela Hernando said.

The commodity trading industry has been dogged by anti-corruption investigations for years, but few individual traders or bosses have faced prosecution.