You may not be asking yourself about Lithium right now, but maybe you should be. Check out our top headline picks for today:
Miners operating in Indonesia will have to pay a share of their after-tax profits to both the central and local governments under new tax rules under consideration for next year, according to documents outlining the proposal reviewed by Reuters.
Indonesia is revamping its tax code for metal miners as part of a broader shift to a system of special mining permits, which will replace existing mining contracts. (See full article here)
As a general rule, the most successful man in life is the man who has the best information.
Our ‘who cares’ attitude towards pollution and habitat destruction are all increasing what were once tolerable pressures towards, and sometimes already beyond, the breaking point in ecosystems all over the world.
Fortunately, people, governments, and corporations are waking up and trying to reduce their carbon footprint. (See full article here)
Gold touched its lowest price level in seven weeks on Tuesday after strong U.S. economic data reinforced expectations of another interest rate rise in the United States this year and pushed the dollar and U.S. bond yields higher.
The CME’s Fedwatch indicator showed markets were pricing in a 77 percent likelihood of a December rate rise after Monday’s data showed a surge in U.S. manufacturing activity. U.S. and world stocks also rose to new records as a positive global growth outlook encouraged investment in riskier assets. (See full article here)
(Source: Mining Journal)
The zinc price has reached its highest point in 10 years, the company has strong industry backing, it has been granted a long-term mining licence and an updated feasibility study released in September points to even more robust project economics.
Citronen may not be firmly on the market’s radar yet but the Perth-based company is gaining interest from financial institutions and has strong support from major shareholders: commodities trader and miner Glencore (LN:GLEN) and global zinc smelter group Nyrstar NV (BB:NYR). (See full article here)
Shares in Africa-focused Firestone Diamonds (LON:FDI) skyrocketed on Tuesday after the company announced it had recovered a 134 carat gem-quality light yellow diamond from its Liqhobong mine in Lesotho.