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According to Mining.com, Lundin Gold has intersected high-grade mineralization in drilling at its Fruta del Norte (FDN) mine, located 400 kilometers southeast of Quito, Ecuador. The most significant intercept was 9 meters grading nearly 140 g/t gold.   Drill hole FDN-C25-238, targeting the Fruta del Norte South (FDNS) deposit, intersected mineralization at 62.2 meters depth. In addition to the high-grade intercept, the hole also revealed: 11.5 meters at 28.62 g/t gold 9.45 meters at 9.77 g/t gold Another hole, FDN-C25-245, encountered 9.8 meters at 43.77 g/t gold at 102.7 meters depth.   Ron Hochstein, President and CEO of Lundin Gold, stated in a press release: "Ongoing resource upgrade drilling at FDNS continues to intersect high-grade mineralization beyond the current inferred resource boundary, along a newly discovered vein structure." "Recent drilling at Fruta del Norte East (FDNE) continues to demonstrate its significant exploration potential, located adjacent to our existing underground workings." Extending Mine Life These results are part of the company’s near-mine exploration strategy, aimed at extending FDN’s 12-year mine life through resource expansion, new discoveries, and upgrading inferred resources to indicated status. Ongoing engineering studies aim to integrate FDNS into FDN’s long-term mine plan next year.   Exploration efforts over the past three years have significantly increased resources and led to new discoveries. FDN, which began production in 2020, achieved a record output of 502,029 ounces of gold last year, making it one of Ecuador’s two large-scale commercial mines. Additional High-Grade Intercepts at FDNS Another notable intercept at FDNS was 8.1 meters at 31.63 g/t gold at 38.6 meters depth. The resource upgrade drilling has confirmed continuity of the FDNS mineralization, while high-grade intercepts outside the current geological model suggest strong potential for further resource growth. Growth Potential at FDNE At Fruta del Norte East (FDNE), drill hole UGE-E-25-207 intersected 10 meters at 6.61 g/t gold at 497 meters depth. Recent drilling has expanded FDNE’s northern extension, highlighting additional areas for growth. 2024 Drilling Program This year’s drilling program includes at least 108,000 meters, with 83,000 meters dedicated to exploration and 25,000 meters for resource upgrades. The company currently has 10 rigs operating on site. FDNS Deposit Overview FDNS is an epithermal vein system with an estimated inferred resource of: 12.4 million tonnes 5.25 g/t gold 2.09 million ounces of gold       Source: https://geoglobal.mnr.gov.cn/zx/kcykf/ztjz/202508/t20250807_9944985.htm

According to Mining Weekly, South Africa’s Minister of Trade, Industry, and Competition, Parks Tau, will present a support plan for businesses and workers to the cabinet, as the U.S. is set to impose a 30% reciprocal tariff on South African imports starting at 12:00 a.m. Daylight Time on the 8th, which will severely impact them.   While formulating this plan, South Africa is also attempting to negotiate a trade agreement with the U.S. The U.S. accounts for 7.5% of South Africa’s total exports, making it the country’s third-largest export destination after the EU and China.   In 2024, South Africa’s exports to the U.S. amounted to $14.9 billion. Independent studies suggest this figure could decrease by up to $2.3 billion annually.   Despite South Africa proposing a framework agreement in May—including various concessions for U.S. agricultural exports and even an offer to purchase U.S. liquefied natural gas—previous efforts to reach a final agreement have been unsuccessful.   At a briefing jointly hosted with Minister of International Relations and Cooperation Ronald Lamola in Ekurhuleni, Parks Tau stated that his department is modeling the potential impact of the 30% U.S. tariffs on industries and businesses and is working with other departments to develop possible support measures.   Preliminary modeling indicates that the reciprocal tariffs will negatively affect 30,000 workers. This assessment already accounts for existing exemptions and confirmed U.S. exclusions for automobiles, steel, and aluminum.   Lamola noted that 35% of South Africa’s exports to the U.S., including copper, pharmaceuticals, semiconductors, wood products, certain critical minerals, stainless steel scrap, and energy products, will remain unaffected by the tariffs.   In addition to the already established Export Support Desk—which provides tariff advice to affected businesses and assists them in diversifying exports—Lamola outlined other measures being finalized and incorporated into the so-called "economic package," including: Various measures to help businesses absorb tariff costs while protecting jobs and production capacity. A Localization Support Fund to openly tender support for affected value-chain businesses, providing targeted assistance to enhance competitiveness and efficiency. An Export and Competitiveness Guarantee Program, including an operating capital fund and a plant and equipment fund, to address medium- and short-term challenges across industries. Collaboration with the Department of Employment and Labour to leverage existing policies and mitigate potential job losses.   In the coming days, the Competition Commission will announce a block exemption allowing competitors to collaborate on negotiations to enhance export scale and efficiency.   Parks Tau stated, “We will submit a more detailed proposal to the cabinet on Wednesday, finalizing the specifics with sister departments, which will outline the architecture of the support package.” He added that the final plan will be announced by the end of the week.   Both Tau and Lamola emphasized that they have not abandoned efforts to reach an agreement with the U.S., stating that all diplomatic channels will be used to negotiate a "mutually beneficial" deal.   However, Tau described the negotiation process as "unprecedentedly difficult," with South Africa being asked to present final terms without knowing what tariffs it might face or whether the U.S. would respond. “So, we can only make an offer, sit back, and wait in hope,” he said.   He pointed out, for example, that while the U.S. finalized a template for sub-Saharan Africa and signed a non-disclosure agreement, it also requested a delay in reaching a bilateral agreement—yet never countersigned the agreement itself. Nevertheless, South Africa has no intention of abandoning diplomatic efforts “until we can reach a conclusion.”   “I believe this is an important statement because I feel that while we could decide not to engage with any government or participate in trade negotiations, doing so would be irresponsible for our country.”       Source: https://geoglobal.mnr.gov.cn/zx/kydt/zhyw/202508/t20250806_9943621.htm

According to the BNAmericas website, despite global trade uncertainties, Peru’s exports are still expected to hit a record high this year.   In the first half of the year, Peru’s export value reached $40.1 billion, a 20.1% increase compared to $33.4 billion in the same period of 2024. Exports of mineral products, including metals and non-metals, amounted to $25.9 billion, accounting for 64.6% of the total and reflecting a 21.1% growth.   With the exception of iron ore, all mineral products saw double-digit growth in export value.   A report from Peru’s Ministry of Foreign Trade and Tourism (Mincetur) showed that in the first half of the year, the country’s copper exports reached $12.6 billion, up 12.3% year-on-year. In June alone, exports were $2.17 billion, an increase of 5.9%. Thanks to rising gold prices, Peru’s gold exports in the first half of the year surged by 45.7% to $8.57 billion. Zinc exports rose from $1.03 billion in the first half of 2024 to $1.31 billion, while silver exports climbed from $477 million to $946 million.   Molybdenum exports reached $889 million.   China remains the top destination for Peru’s mineral product exports. In the first half of the year, Peru’s copper exports to China grew from $8.01 billion in the same period last year to $9.27 billion. Gold and silver exports to China also rose from $243 million and $445 million to $947 million and $913 million, respectively.   The United States was the second-largest destination for Peru’s mineral product exports, with export value increasing from $1.07 billion in the first half of 2024 to $1.21 billion. Of this, $341 million was gold.   The EU remained the second-largest destination for Peru’s copper exports ($1.19 billion), followed by Japan ($979 million), South Korea ($385 million), and Brazil ($247 million). For gold, the main export destinations were Canada ($1.73 billion), India ($1.59 billion), and Switzerland ($1.12 billion).     Source: https://geoglobal.mnr.gov.cn/zx/kydt/zhyw/202508/t20250807_9944982.htm  

Introduction: Collective Mining has made new progress in its drilling campaign at the Guayabales project in Colombia, with the Apollo deposit revealing extensions that could significantly expand the project's potential. Drill hole APC100-D1 intersected 150.5 meters grading 1.46 g/t gold, 18 g/t silver, 0.06% copper, and 0.03% zinc at a depth of 189.2 meters, demonstrating strong mineralization. The company plans to conduct 60,000 meters of drilling next year, its largest-ever program.   According to Mining.com, Collective Mining has achieved new drilling progress at its Guayabales project in Caldas, Colombia, with results that could greatly enhance the project's potential. The company announced that drilling at the Apollo deposit has confirmed extensions of the mineralized body, suggesting possible expansion of the deposit.   Specifically, drill hole APC100-D1 intersected 150.5 meters grading 1.46 g/t gold, 18 g/t silver, 0.06% copper, and 0.03% zinc at a depth of 189.2 meters. Notably, a 42-meter section within this interval returned higher grades of 3.6 g/t gold, 31 g/t silver, 0.09% copper, and 0.05% zinc. This discovery, located northeast of the Apollo deposit boundary, remains closely associated with the main mineralized zone.   Another key drill hole, APC-98D3, also delivered significant results, intersecting 3.6 meters grading 1.29 g/t gold, 15 g/t silver, 0.02% copper, and 0.25% zinc at a shallow depth of 1.5 meters. At 335.5 meters, the hole encountered 24.1 meters grading 2.95 g/t gold, 29 g/t silver, 0.08% copper, and 0.27% zinc. Additionally, at 404.2 meters, it intersected 16.5 meters grading 2.08 g/t gold, 20 g/t silver, 0.07% copper, and 0.06% zinc.   Ari Sussman, Executive Chairman of Collective Mining, stated, "The Apollo deposit continues to grow in size with robust mineralization." He explained that APC100-D1 confirmed earlier assumptions about poor mineralization in shallow outcrops and breccia zones but indicated that deeper sections may host larger and higher-grade mineralization. These results reflect the efforts of five drill rigs and form part of the company’s 40,000-meter 2023 drilling program.   In October, the company discovered the Ramp deposit west of APC100-D1, where three rigs are now operating. Collective plans to execute a 60,000-meter drilling program next year, its largest to date. So far, the company has completed 101,000 meters of drilling at Guayabales, with 67,000 meters focused on Apollo.   Currently, samples from 25 drill holes are undergoing analysis, with full results expected by year-end. The Guayabales project is adjacent to the Pan-American Highway and near Aris Mining’s Marmato gold mine. Collective’s drilling success not only enhances its own exploration prospects but also contributes to Colombia’s mining sector growth. As drilling continues, the project’s full potential may be further validated.   Collective Mining’s achievements at Guayabales have positively impacted its exploration outlook while injecting new vitality into Colombia’s mining industry. With further drilling, the project’s significant potential could be fully unlocked.       Source of article: https://www.china-mcc.com/news_show-8629.html

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