The government earned more than 4.72 trillion rials (over $109 million) in mining royalties–a percentage of miner’s sales profit–during the first seven months of the current Iranian year (March 21-Oct. 22).
This indicates a 215% upsurge compared to the earning in last year’s similar period, latest data released by the Ministry of Industries, Mining and Trade show. More than half of the royalties were collected from miners in Kerman Province, IRNA reported.
President Donald Trump vowed to open large swaths of lands in Minnesota’s remote Superior National Forest to mining, a move that could benefit a copper-nickel mine being pursued by Antofagasta Plc subsidiary Twin Metals Minnesota LLC.
Rio Tinto wants copper, and it's ready to pay top-dollar.
Newmont Mining Corp. has sold Japan’s Sumitomo Corp. a 5%-stake in its Yanacocha gold mine in Peru for $48 million, making the Asian trading house a partner in the business that also involves local miner Buenaventura.
Iranian Deputy Industry Minister Mehdi Karbasian announced that during the past Iranian calendar Year 1396 (ended March 20, 2018) exports of domestic mining sector stood at $9 billion
At the 15th Exhibition and World Congress for Latin American Mining, Expomin 2018, Metso will be presenting a variety of product Industry 4.0 applications and tailored solutions to improve process and resource efficiency while reducing operational costs in mining operations.
Those worried that the positive momentum in the mining and metals sector is beginning to wane after two years of strong gains may find encouragement from a new survey by private capital tracker Preqin.