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Copper: excess profits will be subject to extra taxation
The country's economy minister has reported that 'excess profits' that mining companies have made from the surge in global metal prices will be subject to extra taxation. According to the country's economy and finance minister Oscar Graham, the focus remains on excess...
Copper – Aluminium – Lead: London metal exchange suspends Russian metals
The London Metal Exchange (LME) has suspended deliveries of some Russian metals to its warehouses due to a recent increase in import duties. The move was announced by the exchange early Friday. Following the UK's announcement of an additional 35% duty on imports of...
Bauxite: Rusal’s exports to Guinea halted
Russian aluminium giant Rusal's bauxite shipments to Guinea have come to a halt as the war in Ukraine disrupts the company's global operations. Unlike many other Russian companies, Rusal is not under sanctions, although its billionaire founder Oleg Deripaska is. But...
Tin: AfriTin increases production as tin prices rise
AfriTin increases production as tin prices soarFriTin has exceeded nominal capacity by 12% to 804 tonnes as the company increased production in response to record tin prices. Drilling is underway to expand and improve the resource base. Tin prices are soaring as...