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Zambia Waives Export Taxes on Copper to Address Smelting Challenges

Zambia Waives Export Taxes on Copper to Address Smelting Challenges

Zambia, Africa's second-largest copper producer, has extended its temporary waiver of the 10% export tax on copper concentrates until September 30. This decision aims to alleviate the accumulation of copper concentrate stocks due to operational and technical issues at smelting plants across the country. The tax suspension, initially implemented in August 2025, covers 271,742 metric tons of copper concentrate permitted for export. Major beneficiaries include Mopani Copper Mines, Lumwana Mining Company, First Quantum Minerals, and others, who have been granted duty-free export quotas. Zambia historically exports processed copper cathodes rather than raw concentrates, and this move is part of efforts to maximize revenue from the country's resources.
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Zambia Extends Duty-Free Copper Concentrate Export Waiver Amid Smelter Outages

Zambia Extends Duty-Free Copper Concentrate Export Waiver Amid Smelter Outages

Zambia has extended its duty-free copper concentrate export waiver until September 30, 2026, due to ongoing smelter outages. This policy allows the export of 271,742 metric tons of copper concentrate without the usual 10% export duty, which is crucial as domestic smelting capacity is currently insufficient. The waiver was first introduced in August 2025 and has been extended to alleviate the impact of smelter disruptions on the mining sector. Major operators like Mopani Copper Mines and Konkola Copper Mines are among the beneficiaries, with Mopani receiving the largest quota. The waiver aims to prevent concentrate stockpiles from forcing production curtailments, which would negatively impact Zambia's economy.
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CopperTech Metals reports revenue surge in US IPO filing

CopperTech Metals reports revenue surge in US IPO filing

June 2 (Reuters) - CopperTech Metals reported a jump in revenue in its filing for U.S. initial public offering on Tuesday, as it looks to capitalize on the Trump administration's policy push for mineral self-reliance. Activity in the U.S.
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Vale Mining Company Opens 206 Job Positions in Brazil

Vale Mining Company Opens 206 Job Positions in Brazil

Vale Mining Company Opens 206 Job Positions in Brazil
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CopperTech Prepares for NYSE Debut Amidst Growing Copper Demand

CopperTech Prepares for NYSE Debut Amidst Growing Copper Demand

CopperTech Prepares for NYSE Debut Amidst Growing Copper Demand
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Indonesia passes sweeping bill expanding central bank role to spur growth

Indonesia passes sweeping bill expanding central bank role to spur growth

JAKARTA, June 4 (Reuters) - Indonesia's parliament on Thursday passed sweeping legislation that places further emphasis on Bank Indonesia supporting economic growth, while empowering lawmakers to evaluate independent financial regulators and the central bank.
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Atomic Eagle Enhances U.S. Investor Access with OTCQX Market Upgrade

Atomic Eagle Enhances U.S. Investor Access with OTCQX Market Upgrade

Atomic Eagle Enhances U.S. Investor Access with OTCQX Market Upgrade
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Central Bank Gold Demand Boosts Mining Sector Amid Economic Uncertainty

Central Bank Gold Demand Boosts Mining Sector Amid Economic Uncertainty

Central Bank Gold Demand Boosts Mining Sector Amid Economic Uncertainty
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Agnico Eagle and Levi Ski Resort Collaborate for Midnight Sun Gold Hunt in Finland

Agnico Eagle and Levi Ski Resort Collaborate for Midnight Sun Gold Hunt in Finland

Agnico Eagle Finland, in partnership with Levi Ski Resort, is organizing the Midnight Sun Hunt, a scavenger hunt for a €20,000 ($32,428.20) gold bar. The event, set to begin on June 18, 2026, will take place in Levi, Finland, and aims to attract tourists by highlighting the region's trails, landmarks, and local services. The hunt is part of a broader effort to promote Levi as a year-round destination and showcase the Arctic summer experience. Agnico Eagle has recently expanded its presence in Finland's Central Lapland Greenstone Belt, consolidating its properties to create a multi-asset regional platform.
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Trafigura Secures $92 Million Settlement in Dispute with Zambia's ZCCM

Trafigura Secures $92 Million Settlement in Dispute with Zambia's ZCCM

Trafigura Secures $92 Million Settlement in Dispute with Zambia's ZCCM
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Brazil's Rare Earth Metals Boom: A New 'Gold Rush' in the Making

Brazil's Rare Earth Metals Boom: A New 'Gold Rush' in the Making

Brazil's Rare Earth Metals Boom: A New 'Gold Rush' in the Making
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Brazil's Rare Earth Metal Reserves Attract Global Interest Amid Growing Demand

Brazil's Rare Earth Metal Reserves Attract Global Interest Amid Growing Demand

Brazil is experiencing a surge in interest for its rare earth metal reserves, which are the second largest in the world after China. The demand for these metals, crucial for the production of electric vehicles, artificial intelligence data centers, and robotics, has doubled since 2015 and is expected to grow by over 30% by 2030. This has led to a significant increase in mining applications in Brazil, with 2,758 projects currently submitted to the country's mining agency. Companies like Meteoric Resources from Australia and USA Rare Earths are investing heavily in Brazilian mining projects. The latter recently acquired the only active rare earth mine in Brazil for $2.8 billion. Despite Brazil's rich reserves, the country has primarily focused on exporting raw materials without further processing, unlike China, which dominates the refining and production of permanent magnets.