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Coal: Queensland increases royalties
Queensland's larger-than-expected increase in coal royalties could prompt other Australian states and resource-rich countries around the world to adopt similar measures. Australia's second-largest state, which aims to achieve a budget surplus by 2024-25, said on...
Copper: residents break the road blockade of the Las Bambas mine
A community in the Peruvian Andes suspended the blockade of a road used by MMG Ltd.'s Las Bambas copper mine on Wednesday, agreeing to negotiate with the government and the company over the use of the road. According to Efrain Mercado, president of the Mara district...
Caustic soda: OxyVinyls plans expansion and overhaul of Texas chlor-alkali unit
OxyVinyls, the chemical division of Occidental Petroleum, is planning a $1.1 billion expansion and modernisation project at its chlor-alkali plant in La Porte, Texas. The company's plan, dubbed Project Orca, calls for the expansion and upgrade of the plant's current...
Copper: price falls to lowest since March 2021 on strong dollar and slowdown fears
Copper prices in London slumped on Wednesday to the lowest level since March 2021, dragged down by a strong US dollar and weaker financial markets as fears of a global economic slowdown dented investor sentiment. Three-month copper on the London Metal Exchange fell 3...