China to build $1.5 billion copper smelter in Kazakhstan Copper smelter is projected to have an annual production capacity of 300,000 tonnes. Staff Writer | June 3, 2024 | 11:11 am
Russia proposes raising extraction tax rates on diamonds, gold, iron ore The proposed tax hikes would be offset by the abolition of export duties linked to the rouble-dollar exchange rate that were introduced in October 2023. Reuters | June 3, 2024 | 9:57 am
Cascadia Minerals stock soars on fund manager financing The private placement is led by Michael Gentile, one of its largest shareholders, who plans to up his stake to 9.99%. Staff Writer | June 3, 2024 | 9:45 am
Lithium Ionic arranges $11 million financing for Brazil projects Net proceeds will go towards Lithium Ionic's two development projects, Itinga and Salinas. Staff Writer | June 3, 2024 | 8:57 am
New technocrat Mexican leader unlikely pro-mining even as she replaces ‘whim and bombast’ Claudia Sheinbaum is expected to continue the anti-mining policies of outgoing President Andres Manuel López Obrador. Colin McClelland | June 3, 2024 | 7:49 am
Freeport Indonesia raises output target, awaits new export permit Indonesia banned shipments of all raw minerals from June 2023, but Freeport was given a year-long dispensation. Reuters | June 3, 2024 | 7:18 am
Iron ore price tumbles to lowest in six weeks on China demand concerns Iron ore inventories at Chinese ports are the highest in more than two years. Bloomberg News | June 3, 2024 | 7:09 am
CNGR looks to snap up more lithium projects in Argentina Senior CNGR executives visited at least three deposits in Argentina last week. Bloomberg News | June 3, 2024 | 7:00 am
Russia said to seek French-held uranium assets in Niger Rosatom has had contacts with Niger’s military-led authorities about acquiring assets held by Orano SA. Bloomberg News | June 3, 2024 | 6:56 am
