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Reported by Mining.com – Saudi Arabia announced on Tuesday that it will negotiate a mining cooperation agreement with the United States. According to the Saudi Press Agency (SPA), the Cabinet, led by Crown Prince Mohammed bin Salman, has authorized the Ministry of Industry and Mineral Resources to draft a memorandum of understanding (MoU) with U.S. officials. The Cabinet stated that the proposed agreement, to be signed with the U.S. Department of Energy, will focus on mineral resources and mining cooperation. This move aligns with Saudi Arabia’s ambition to become a global hub for battery and electric vehicle (EV) manufacturing. As part of its Vision 2030 economic diversification strategy, the Kingdom is heavily investing in mining and industry to reduce its reliance on oil. Saudi Minister of Industry and Mineral Resources, Bandar bin Ibrahim Alkhorayef, has announced multiple plans to import raw materials and utilize both domestic and international metals for battery production. Additionally, Saudi Arabia is seeking to expand its presence in the global mining market. In January, Saudi officials held preliminary talks with Chile’s state-owned Codelco on potential copper industry investments. The Kingdom also plans to increase copper imports from Chile for domestic processing. Through Manara Minerals Investment Co.—a joint venture between the Public Investment Fund (PIF) and Saudi Mining Company (Ma’aden)—the country is making strategic overseas investments. In 2023, Manara acquired a 10% stake in Vale’s base metals business, a $26 billion spin-off from the Brazilian mining giant. Currently, Saudi Arabia consumes about 365,000 tons of copper annually, a figure expected to more than double by 2035, with most demand met through imports. Domestically, the Kingdom has discovered significant mineral deposits over the past two decades, including gold, silver, copper, tin, tungsten, nickel, zinc, phosphates, and bauxite. Saudi Arabia is also exploring deep-sea mining in the Red Sea, with plans to process extracted minerals at the Yanbu Industrial City. According to the Ministry of Energy and Mineral Resources, the country has mapped 1,270 gemstone sites and 1,170 other mineral deposits, with a growing number of exploration and mining licenses being issued.     Source: https://geoglobal.mnr.gov.cn/zx/kczygl/zcdt/202505/t20250508_9327604.htm

Reported by Mining.com, citing Reuters – The United States is actively facilitating peace talks between the Democratic Republic of Congo (DRC) and Rwanda, aiming to sign separate mineral agreements with both countries within two months. The initiative, led by Massad Boulos, senior Africa adviser to former President Donald Trump, seeks to establish bilateral mineral deals that could unlock billions of dollars in Western investment for the region. "The agreement with the DRC will be larger, given its size and greater resources, but Rwanda also has significant resources, capabilities, and potential in mining," Boulos told Reuters. Currently, the DRC is the world’s top cobalt producer and Africa’s largest copper supplier, while also accounting for nearly 70% of global tantalum output. Its eastern region holds vast reserves of tungsten, tin, and niobium-tantalum ores. For decades, tensions between the DRC and Rwanda have persisted due to ethnic conflicts and competition over control of natural resources. Earlier this year, clashes escalated after the M23 rebel group attacked and seized parts of eastern DRC, including the strategic mining hub of Walikale. As part of the U.S.-mediated peace process, both nations were required to submit draft peace agreements by May 2, with a high-level meeting scheduled for mid-May. U.S. Secretary of State Marco Rubio, alongside foreign ministers from the DRC and Rwanda, will attend the talks. Boulos emphasized that resolving key issues is critical: Rwanda must withdraw its troops and cease support for M23, while the DRC must address Rwanda’s concerns over armed groups like the Democratic Forces for the Liberation of Rwanda (FDLR). A multinational oversight committee, including the U.S., Qatar, France, and Togo, is monitoring the peace process.   Source: https://geoglobal.mnr.gov.cn/zx/kczygl/zcdt/202505/t20250507_9326167.htm

Indonesia, the world's largest nickel producer, is considering raising its nickel and other mineral royalties paid by mining companies, the mining journal (Mining Journal) reported.   On March 10, Reuters reported that the Indonesian government would impose a 14-19 percent premium on nickel prices, with a unified tax rate of 10 percent.   There are also reports that Indonesia will impose a progressive tax on nickel and nickel.   On copper ore, the proposal proposes an increase from a 5% uniform tax to 10-17%, as well as copper concentrate and electrolytic copper.   At the same time, if coal prices exceed $90 a ton, the royalty tax rate will be raised by 1 percentage point to 13.5 percent.   The Indonesian government has imposed a progressive tax on coal, with a calorific value of 4,200 kcal / kg, and a minimum premium rate of 8% if the price exceeds $90 / ton.   The proposal also involved minerals including tin, gold, silver and platinum, but no details were given.   The change is reportedly in support of the president of Prabowo Subianto's big spending plan.   Article source: https://geoglobal.mnr.gov.cn/zx/kczygl/kysf/202503/t20250312_9272600.htm

Canada has extended its mineral exploration tax credit by two years as a measure to support exploration projects, energy and natural resources investments, Jonathan Wilkinson said on Sunday, citing Reuters.   The Mineral Exploration Tax Credit is a capital market tool that provides a 15% tax credit for investors who buy tradable shares in small mining companies. The policy expires on March 31.   Mr Wilkinson said the extension was intended to ensure that the mining industry had the tools to finance exploration projects. The measure is also a government's attempt to provide alternative sources of funding for businesses.   At present, Canadian mining enterprises are in financing difficulties, and the government is facing the challenge of overseas funds.   In an interview, Wilkinson said junior companies were eager to get funding and the extension was expected to provide C$111 million support for mineral exploration.   The measure will be announced at the Toronto Exploration Annual Conference (PDAC) on Sunday (March 9). PDAC is one of the world's largest mining conferences.   Mining companies in North America could face a trade war launched by U. S. President Donald Trump, who has threatened to impose a 25 percent tariff on most Canadian goods.   Mining companies will also face tight controls on key mineral exports. Wilkinson said Canada and the United States can mutually benefit, and Canada can provide the United States with the much-needed supply of gallium and germanium.   Mr Wilkinson said Canada and the US could sit down and talk seriously about how to help each other. If Mr.Trump insists on imposing tariffs on Canada and Mexico, Canada is ready to retaliate.   While Canada may not impose an export tax on metals in the first round of countermeasures, consider future taxes on Zinc, Copper and Nickel.   "This may not be the first step, but it is certainly a measure in the Canadian policy box. We are not going right now."   Article source: https://geoglobal.mnr.gov.cn/zx/kczygl/zcdt/202503/t20250304_9265792.htm

British prime minister Stammer said Monday the proposed key mineral deal with Ukraine was not enough to be a security guarantee in any peace plan, Mining.com reported, citing Bloomberg News Agency. This clearly shows that the European leaders intend to persuade the United States to provide stronger defensive support.   The US plans to take some of the proceeds from Ukraine's natural resources to supplement its military support for the latter, a deal that was not signed after Trump's public row with Zelensky on February 28. At the time, Zelensky said he did not think the agreement planned to sign would bring peace, infuriating Trump and Vice President Vance, but Stammer appeared to have the same view on Monday.   "A mining agreement alone is not enough," the British prime minister said in the House of Commons. He said the United States was "crucial" to achieving peace in Ukraine.   The Trump administration is now trying to strike a peace deal with Russia, and Stammer wants to act as a bridge between Britain's European ally and the United States on Ukraine. European countries, including Britain and France, are drafting their own peace plans for Ukraine, presented to Trump in the coming weeks. It depends on whether the United States provides air reconnaissance, surveillance and cover as a last resort to assist European peacekeepers when attacked by Russian forces after the peace agreement is signed.   On Monday, Trump criticized Zelensky and Europe on the "real social" platform, accusing the Ukrainian leader of not wanting peace and suggesting that Europe was unwise that "they could not do it without America."   Last week, Mr.Trump was delighted at the invitation of King Charles III during his first meeting after he reentered the White House. After Zelensky's disastrous talks with Trump and Vance at the White House, Stammer spoke with Trump twice in two days.   Mr Trump claimed that key mineral sharing agreements were enough to provide security because of the presence of American workers in Ukraine. But Stamer said on Monday that continued U. S. support is necessary while European countries increase defense spending.   "We see clearly that we are facing the test of our times, that we are at a crossroads in history," Stammer told members after a weekend diplomatic event in London.   "We are once again living in a time when European peace depends on strength and deterrence," Stammer said, highlighting the prime minister's determination to strive for a voice in Ukraine and the future of Europe.   Stamer also stressed that sanctions against Russia cannot be lifted if a ceasefire is reached.   He added that while other European countries have expressed their willingness to join the so-called "comfort force" (Reassurance force) composed of British and French air forces and troops in Ukraine, not all countries "take the same position" on the issue.   Stamer said details of the peace plan were still being developed and "no guarantee of success".   He also believes that transatlantic Allies need to do more to make billions of dollars of frozen Russian assets is "complex".     Article source: https://geoglobal.mnr.gov.cn/zx/kczygl/zcdt/202503/t20250305_9267097.htm

According to BNAmericas website, the Chilean Ministry of Mines has announced the 2025-26 tailings agenda, proposing legislative amendments to upgrade domestic standards to international standards and conducting registration to identify important tailings.   This agenda aims to strengthen tailings management in the country. According to data from the Chilean Geological Survey (Sernageomin), out of 795 tailings ponds, 475 are idle and 176 are abandoned.   The plan solicited opinions from both the public and private sectors. One key goal is to develop guidelines and modernize the regulatory system. The current laws regarding the design, construction, and operation of tailings facilities were enacted in 2007. This strategy lists three tasks:   ——Strengthen the inspection, filing, and visualization of tailings data, and consider developing a comprehensive information platform for this purpose;   ——Contact the owners of tailings dams, encourage the relocation and restoration of tailings, and promote feasibility studies, environmental impact assessments, and relocation pilot projects;   ——Implement tailings resource utilization projects to promote the redevelopment and reuse of tailings, extracting elements such as copper, iron, titanium, cobalt, and rare earths from them.   At the end of next year, the Chilean government will release a technical guide to guide tailings reuse projects and provide financing tools or encourage related suggestions.   Chilean Mining Minister Aurora Williams encourages the industry to implement these measures.   According to Sernageomin's data, there are currently 15 tailings dams under construction. This includes Codelco's Salvador copper mine, Enami's Matta beneficiation plant, and Minera Gold's Salares Norte project.   Sociedad Punta del Cobre is expanding the El Espino tailings pond in the Coquimbo region, while Mantos Copper is constructing a tailings dam for the Mantoverde project in the Atacama region.       Original source: https://geoglobal.mnr.gov.cn/zx/kczygl/zcdt/202502/t20250206_9244402.htm

Collins also discussed potential cooperation opportunities in the field of renewable energy and praised Derbyswana's efforts in sustainable development practices. This is in line with the strategic partnership between the UK and Botswana, which aims to promote economic development, environmental sustainability and social progress.   According to MiningWeekly, Raymond Edward Harry Collins, Baron Highbury, the British Secretary of State for African Affairs, recently visited the Jwaneng diamond mine operated by Debswana during his visit to Botswana.   The visit highlighted the strategic importance of the partnership between the UK and Botswana.   During the inspection, Collins had in-depth exchanges with Andrew Motsomi, the manager of Debusswana Company. Motsumi stated that the 55 year history of Derbyswana Company is built on safe, efficient, responsible, and ethical diamond mining.   He emphasized the company's contribution to Botswana's economy, including promoting infrastructure, health care and education development.   Motsumi also provided a detailed introduction to the production and operation situation, challenges faced by the company, and development opportunities in the past year.   "We are proud of our long-term commitment to responsible mining practices and our contribution to Botswana's economic and social development. The focus of our work is still to ensure that the communities we serve can feel the benefits of the mine, and we are also constantly exploring new opportunities to enhance our influence," Motsomi said.   Collins expressed admiration for Debusswana's ESG practices and noted the company's efforts to sustain economic activities beyond diamond mining.   These initiatives are critical to Botswana's long-term economic stability and growth.   Collins also discussed potential cooperation opportunities in the field of renewable energy and praised Derbyswana's efforts in sustainable development practices.   This is in line with the strategic partnership between the UK and Botswana, which aims to promote economic development, environmental sustainability and social progress.   While Derbyswana is making every effort to get rid of the downturn in the diamond market, Collins' investigation and visit to the Juwaneng diamond mine will help deepen the bilateral relations between the United Kingdom and Botswana.     Article source: https://geoglobal.mnr.gov.cn/zx/kczygl/zcdt/202501/t20250122_9238225.htm  

According to MiningWeekly, international mining giant Rio Tinto announced a decline in production at its iron mines in the Pilbara region for the fourth quarter and full year of 2024, due to resource depletion and unusually heavy rainfall. The increase in productivity has not fully offset these impacts.   Rio Tinto's fourth quarter and full year iron ore production were 74.2 million tons and 284.6 million tons, respectively, with a decrease of 1%.   On the contrary, the copper production situation is completely different. Due to the increase in production at the Oyu Tolgoi underground copper mine in Mongolia and the Escondida copper mine in Chile, offsetting the impact of production interruptions caused by unstable slopes at the Kennecott copper mine in the United States, the company's production has significantly increased.   The copper production in the fourth quarter was 202000 tons, a year-on-year increase of 26%; The annual output was 697000 tons, an increase of 13%.   The company's bauxite production has increased, with a slight increase in aluminum products.     Original source:https://www.worldmr.net/Industry/IndustryList/Info/2025-01-20/308290.shtml

According to the official website of the Peruvian Ministry of Mines (MINEM), it has recently announced that 11 large-scale mining projects are expected to enter the construction phase between 2025 and 2026, including the Reposici ó n Antamina, Corani, Reposici ó n Raura, Reposici ó n Tantahuatay, Chalcobamba Fase I, Ampliaci ó n Huanapet í, Romina, and Tiamaria projects. The Zapranal project, the Pampa de Pongo project, and the Trapiche project.   Jorge Montero Cornejo, the Minister of Energy and Mines of Peru, stated that 11 mining projects are expected to have a total investment of over 8 billion US dollars, located in the regions of Á ncash, Puno, Hu á nuco, Cajamarca, Apur í mac, Lima, and Arequipa.   Minister Cornejo stated that achieving the goal requires the efforts of all Peruvians; Peru is a mining powerhouse with a thousand year history of precious metal production, which can be traced back to the origin of civilization; Nowadays, Peru has become one of the major producers of mineral products worldwide and an attractive country for mining investors. Minister Cornejo pointed out that the mining industry is an activity that promotes national development and helps drive progress, enabling millions of Peruvians to access basic services such as water, sanitation, education, and opportunities that any Peruvian citizen is entitled to. The Peruvian Ministry of Energy and Mines will promote exploration investment to find new resources that can supply the global market; Nowadays, the energy transition driven by large economies has led to a high demand for minerals in the global market. It emphasizes that increasing exploration investment can increase new reserves of zinc, lead, and lithium, which will help consolidate Peru's position as a producer of polymetallic minerals. Minister Corneho stated that he hopes to help revitalize projects that bring benefits to the country and firmly believes that mining is the engine of economic development and a provider of important projects.   Original source:https://www.worldmr.net/Industry/IndustryList/Info/2025-01-16/308203.shtml

UK and Indonesia Sign Critical Minerals Agreement Mining.com reported on September 18 that the British Embassy in Indonesia has announced a Memorandum of Understanding (MoU) between the UK and Indonesia on critical minerals cooperation. The agreement focuses on fostering policy dialogue, sharing technical expertise, and exchanging professional experience in areas such as the resilience of critical mineral supply chains, sustainable upstream and downstream processing, and crisis management in the mineral sector. Notably, two months ago, the United States announced Indonesia's participation in the Mineral Security Partnership (MSP), aimed at accelerating the development of sustainable critical mineral supply chains. The signing of this MoU marks both nations' commitment to becoming key players in the global critical minerals supply chain.   India Expands Critical Minerals Exploration in Latin America MiningWeekly reported on September 18 that India's Minister of Mines, V.L. Kansa Rao, stated that the state-owned Coal India Limited is actively exploring critical minerals in Argentina and is in talks with the Chilean government regarding lithium resource cooperation. In June, Coal India began lithium exploration activities in Argentina in collaboration with a U.S. company, as part of India's strategy to secure battery materials within the MSP framework led by the United States. Additionally, the state-owned KABIL (Khanij Bidesh India Limited) is exploring critical minerals in Australia and has received approval to conduct non-invasive, "green" exploration in Argentina.   UN Releases Guidelines on Critical Minerals for Energy Transition Reuters reported on September 17 that the United Nations has launched its Fair and Just Guidelines for Critical Minerals Driving the Energy Transition. The report outlines pathways to achieve a just and equitable renewable energy revolution, promoting sustainable development, human rights, environmental protection, and prosperity for resource-rich developing nations. In April, UN Secretary-General António Guterres established a special expert group to develop recommendations and guidelines to help governments and mining companies secure energy transition minerals while safeguarding human rights, justice, and fairness. The group recommends establishing a high-level expert advisory panel within the UN to convene stakeholders for policy dialogue on economic issues across the mineral value chain. The guidelines also advocate for a global system of traceability, transparency, and accountability, and propose a fund to address historical environmental issues such as abandoned or orphaned mines. The group further suggests empowering artisanal and small-scale miners to become key contributors to development, environmental governance, and human rights protection, promoting material efficiency and recycling.   Canada Invests Over CAD 8 Million to Boost Critical Minerals Recycling in Ontario According to the website of the Canadian Ministry of Natural Resources on September 15, the Canadian government has allocated CAD 8.4 million to support critical mineral recycling technologies in Ontario, aiding the electric vehicle supply chain. The funding will promote the development of a circular economy for rare earth elements used in permanent magnets and the recycling of graphite for lithium-ion batteries. Cyclic Materials will receive CAD 4.9 million to build a demonstration plant that will produce high-purity rare earth oxides and cobalt-nickel hydroxide products using recycled materials. Green Graphite Technologies (GGT) will receive CAD 3.5 million to advance its GraphRenew technology, which converts used graphite into reusable material.