The Philippines’ top nickel ore producers, Nickel Asia Corp and Global Ferronickel Holdings Inc, are suspending mining and export operations in a southern province to comply with coronavirus-containment measures. The moves came just two days after announcing they were resuming operations because an earlier local suspension order had been lifted. In separate statements, the miners […]
By Loni Prinsloo, Antony Sguazzin, and Godfrey Marawanyika | Bloomberg Zimbabwe, which is banking on investment in its natural resources to arrest an economic free-fall, faces having the assets of the state mining company seized after a final appeal of a 2014 arbitration ruling failed. Companies linked to British Virgin Islands-based Amari Holdings Ltd. won the right to […]
By Lovasoa Rabary | Reuters Madagascar plans to increase its royalties on nickel, cobalt, precious metals, and gemstones to 4% from 2% at present, a draft mining law showed on Tuesday, the latest African country to push for greater government revenue from mining activities. The bill, seen by Reuters and then confirmed by Mines Minister […]
For as long as commodities have been traded, there has been commodity fraud. This is an ancient problem affecting the both the physical and financial markets. Even with controls and regulations, the financial commodity markets still face cases of fraud, spoofing of markets and other calamities caused by dishonest trading practices. The physical commodity markets […]
Most of the world’s top companies extracting key minerals for electric vehicles, solar panels and wind turbines have been linked with human rights abuses in their mines, research has found. Analysis published by the Business & Human Rights Resource Centre (BHRRC), an international corporate watchdog, revealed that 87% of the 23 largest companies mining cobalt, […]
Indonesia is banning all nickel ore exports two years ahead of schedule, sending prices surging across the world. Indonesia said on Monday it will stop nickel ore exports from January 1, 2020, two years earlier than initially flagged as it speeds up efforts to process more of its resources at home. Bambang Gatot Ariyono, the […]
Bloomberg For the past year, copper traded like a seesaw on the on-again, off-again hopes of a U.S. and China trade deal. Now it’s more like a rollercoaster ride down. The focus is increasingly on the damage caused by the havoc of a trade dispute between the world’s two biggest economies. The broad applications for […]
By David Stringer | Bloomberg The world’s biggest miners, including BHP Group and Glencore Plc, are finally firm believers in the electric vehicle battery revolution — what they don’t agree on is which metals will deliver the best long-term exposure to the developing global market. BHP has revived a declining nickel unit in Western Australia to target the sector, […]
By Benjamin Webb & Duncan Murray | CCEX As humanity marches headlong into the future, our insatiable appetite for technology is advancing at an ever increasing and unsustainable pace. Vast amounts of raw materials are needed to produce the technology we crave to make our modern lifestyles possible. No matter how much we reduce, reuse […]
By Duncan Murray and Benjamin Webb This following article will look at some of the challenges facing people in the ASM sector, why it is necessary and the benefits of being able to provide correct compliance information. As well as this we will share some of the challenges we have faced on our journey helping […]