The company has halted operations at a mill at its zinc mine in Australia for about two months of repair work.

Some of the country's largest mining companies are copper producers, which means any foreign investment involving those miners would face intense scrutiny.

Trinity was formed from the merger of Africa’s largest tungsten mine and Rwanda’s two largest tin mines.

Investors are moving into gold equities from bullion, and the gold price may increase while central banks increase purchases as the US election approaches, BMO analysts said.

LME tin, trading around $33,250 per ton, is up by 31% on the start of the year.

Nickel volumes have rebounded this year after languishing since a March 2022 price spike that caused the LME to suspend trading.

The board of the Rio de Janeiro-based miner reportedly chose Shaun Usmar to head Vale Base Metals.

The company has committed $3.9 million in exploration activities for the first two years.