Brazil’s government has recently announced a significant measure to enhance transparency and combat tax evasion in the gold market. Starting January 1, 2024, the country will require the use of electronic tax receipts for all transactions involving the buying and selling of gold. This move is part of Brazil’s broader efforts to modernize its tax…
Anglo American, one of the world’s largest mining companies, has announced that it will reduce its production targets for coal, iron ore and diamonds in response to challenging market conditions. This is the latest in a series of moves by the company to adjust to the current economic environment, which has seen commodity prices drop…
Anglo Asian Mining plc, a gold, copper and silver producer with operations in Azerbaijan, announced that it had returned to profitability in the six months to June 30th 2019. The company reported a pre-tax profit of $1.5 million, compared to a loss of $1.2 million in the same period last year. The company attributed its…
Russia, Congo, and Botswana are three of the world’s leading diamond producers and holders of global diamond reserves. The three countries account for the majority of the world’s diamonds and are responsible for the majority of diamond production and exports. Russia is the world’s largest diamond producer and the largest holder of global diamond reserves….
The electric car revolution is gaining momentum in Europe, and that is good news for nickel and cobalt prices. The continent is becoming an increasingly important market for electric vehicles (EVs), and that is driving up demand for nickel and cobalt, two key components in the batteries that power EVs. The shift in focus to…
The relationship between China and Africa is a complex one, with the two sides traditionally having a symbiotic relationship. In recent years, however, China has been increasingly criticized for its involvement in Africa’s coal industry, with many observers arguing that the country is virtually alone in backing the continent’s coal projects. This article will explore…
In the small town of Black Hawk, Colorado, a battle is brewing over the future of the local mining industry. For years, the town has been home to a thriving gold-mining industry, but now the city council is considering a ban on all forms of extractive mining. If the ban is passed, it would be…
Glencore, one of the world’s largest commodities trading and mining companies, is reportedly mulling offers for its CSA copper mine in Australia. The Swiss-based company is said to be in discussions with several interested parties, including a consortium led by private equity firm EMR Capital. The CSA copper mine, located in Cobar, New South Wales,…
The mining industry in British Columbia has a long and storied history, one which has been intertwined with the development of the province itself. From the discovery of gold in the Cariboo region in the late 19th century, to the emergence of copper and coal mining in the 20th century, mining has been an integral…
Teck Resources Limited, one of the largest diversified mining companies in the world, announced on March 4, 2021 that it will spin off its coal business into a new entity called Teck Metals Ltd. The move is part of the company’s strategy to focus on its core metals businesses and reduce its exposure to the…