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Copper production in Peru, Panama to offset lower output in Indonesia, Zambia

By: Marleny Arnoldi     13th May 2019 After having grown by 2.5% in 2018, global copper production is expected to remain essentially unchanged this year, but will grow by 1.9% in 2020, the International Copper Study Group (ICSG) said in its ‘Copper Market Forecast for 2019/20’, released on Monday. ICSG met with global copper... 

Deep-sea mining boss says new law could be adopted next year

By: Reuters     25th April 2019 China and a quest for battery minerals have injected momentum into a long UN process to agree a law on deep-sea mining, which could be adopted by the end of 2020, if the political will exists, the head of the International Seabed Authority (ISA) said. So far the UN body, headquartered in... 

Polish lawmakers approve copper tax cut ahead of election

By: Reuters     15th April 2019 Poland's lower house of parliament, dominated by the ruling conservative Law and Justice (PiS) party, approved on Friday a 15% cut in the copper tax to allow more investment by state-run copper producer KGHM . The mining levy was introduced in 2012 by PiS's predecessors in an attempt to improve... 

Minerals Council calls for delay of at least five years in carbon tax implementation 

By: Rebecca Campbell     12th April 2019 The Minerals Council South Africa (Minerals Council), the representative body for the mining industry in the country, has called on government to delay the implementation of the new carbon tax. “The Minerals Council would like to see a delay of at least five years for the implementation of the... 

Minerals Council calls for delay of at least five years in carbon tax implementation

By: Rebecca Campbell     12th April 2019 The Minerals Council South Africa (Minerals Council), the representative body for the mining industry in the country, has called on government to delay the implementation of the new carbon tax. “The Minerals Council would like to see a delay of at least five years for the implementation of the... 

Copper producer KGHM may freeze more mines in Canada, US - CEO

By: Reuters     10th April 2019 Poland's KGHM, one of the world's biggest copper and silver producers, has no plan to sell its foreign assets but may freeze some in Canada or the United States if they require big investments, its chief executive said. State-run KGHM, which for many years had focused only on Poland, accessed... 

Block on competing licences at Prairie's Jan Karski lifted

By: Creamer Media Reporter      9th April 2019 An Appeals Court in Warsaw has overturned a Civil Court injunction that prevented the Polish Ministry of Environment (MoE) from granting competing licences over the Jan Karski project of Prairie Mining. The dual-listed company is in the midst of an ongoing civil law claim against the MoE, owing... 

Russia is stocking up on gold as Putin ditches US dollars

By: Bloomberg     29th March 2019 Vladimir Putin’s quest to break Russia’s reliance on the US dollar has set off a literal gold rush. Within the span of a decade, the country quadrupled its bullion reserves and 2018 marked the most ambitious year yet. And the pace is keeping up so far this year. Data from the central bank show... 

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