India sets lithium mining royalty at 3% of LME prices

The government also set the royalty for niobium at 3% of the average sale price, and for rare earth elements at 1% of the average sale price of rare earth oxide.

Reuters | October 11, 2023 | 7:43 am

Piedmont Lithium to invest in Newfoundland lithium project

Piedmont will acquire a 19.9% interest in Vinland Lithium, which owns Killick Lithium.

Reuters | October 11, 2023 | 7:40 am

“New” mineral discovered in abandoned gold mine dumps

A newly discovered mineral, named kanatzidisite, was recently unearthed in mining dumps of the abandoned Nagybörzsöny gold deposit in Hungary.

Staff Writer | October 11, 2023 | 6:06 am

Cariboo gold project in British Columbia gets green lighted

The BC government notes that Cariboo was the first project to be approved under the new Environmental Assessment Act, which was updated in 2018.

Nelson Bennett - Business in Vancouver | October 10, 2023 | 4:47 pm

Panama cabinet approves modified contract with First Quantum

The approval comes after extended negotiations over regulations concerning the Cobre Panama copper mine, which accounts for about 4% of Panama's GDP.

Reuters | October 10, 2023 | 4:28 pm

Copper prices pressured by weak demand, sentiment, rising inventories — report

Fitch Solutions is revising down its 2023 average annual copper price forecast as US dollar strength and market fears of another US Fed rate hike places a cap on price growth.

Staff Writer | October 10, 2023 | 4:23 pm