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Nickel: US sanctions target Russia’s involvement in Guatemala’s mining sector
The U.S. Treasury Department on Friday issued sanctions targeting Russian involvement in Guatemala's nickel sector. The sanctions target Compania Guatemalteca de Niquel ProNiCo and Mayaniquel, Guatemala-based subsidiaries of the Solway Investment Group. As part of the...
Copper: Ecuador’s indigenous community rejects mining after court ruling
Ecuador's indigenous Shuar Arutam people said Friday that they will not allow mining on their territory, threatening a large copper mining operation in the Andean country, after a court ruled that their rights to prior consultation had been violated. In September,...
Iron ore: India removes export tax on low-grade product
India has lifted taxes on exports of low-grade iron ore and some intermediate steel products as of Saturday, after months of complaints from steelmakers about lost sales opportunities abroad. The measure, set out in a notification issued late Friday evening, cancels...
Aluminum: Mozambique’s exports to EU could be subject to carbon taxes
The EU's planned Carbon Border Adjustment Mechanism (CBAM) poses a significant risk to Mozambique, a southern African nation, especially for its aluminum exports to the EU. Aluminum is the country's most important export commodity, accounting for up to 25 percent of...