Asia

Turquoise Hill Resources reported in early June that Oyu Tolgoi LLC has drawn down approximately $4 billion of a project finance facility signed in December 2015 for development of block cave...
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Africa

Ivanhoe Mines has announced a positive, independent preliminary economic assessment (PEA) for redevelopment of the Kipushi zinc-copper mine 30 km southwest of the provincial capital of Lubumbashi in...
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Latin America

Avino Silver & Gold Mines reported that it has reached commercial production at a second mine—the Avino mine—on its Avino silver-gold-copper property in Durango state, Mexico. The company has...
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Leading Developments

UC Rusal, a leading global aluminum producer based in Moscow, said it plans to sell Alumina Partners of Jamaica (Alpart) to the Chinese state industrial group, Jiuquan Iron & Steel Co. Ltd. (JISCO) for...

US & Canada

Energy Fuels has acquired Mesteña Uranium and its Alta Mesa in-situ recovery (ISR) uranium production facility in Brooks and Jim Hogg counties, south Texas. Alta Mesa operations are currently on...
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Brazil's largest mining state, Minas Gerais, imposed a new tax of 2.18 reals ($1.17) per metric on iron ore and other mined ores. For iron ore, it amounts to about 1% of the current price for prompt delivery. It was the second tax levied on the mining industry by a regional government in December. Brazil's Para state, home to of Vale’s Carajas system, imposed a tax of 6.45 reals on iron ore. Legislators in Minas Gerais justified the tax, according to Latinominería, claiming that mining companies should contribute more to the cost of policing their operations.According to Reuters, Vale said the tax was illegal and said it was seeking to contest it.

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