Zambia announces mining tax breaks, pares deficit in 2022 budget

Due to the conflict, some 8,000 people were being prevented from working at the mining complex.

The full $1.3 billion project cost is being debt financed by Los Pelambres.

Fundraising by unlisted funds for investment in natural resource reached a record $93 billion last year.

Many in the industry have emphasized the importance of copper in the quest for a lower carbon economy.

The Gobi desert copper deposit promises to become one of Rio Tinto’s most lucrative properties, but it has been subject to repeated challenges from politician.

The move is aimed at providing a tool for institutional investors to assess the risk from their holdings in mining companies.

The ruling promises to further polarize a dispute between MMG and the village of Fuerabamba in Peru’s southern copper belt.

Mining operation is running normally despite the incident, says the company.

A mix of political populism, higher commodity prices and the expectation electrification will spur demand for raw materials has led governments to change the rules for miners operating in their countries.