News in Numbers

The Anglo American and Teck Resources merger has secured Canadian Government approval. Binding obligations include a minimum investment of $4.5bn ($3.26bn) by Anglo Teck in Canada over five years.

The Democratic Republic of Congo has tightened it cobalt export conditions with a new quota and royalty rules requiring miners pay a 10% royalty in advance within 48 hours, according to Reuters.

New Canadian gold producer Hemlo Mining has achieved a milestone; by completing its first gold pour at the Hemlo gold mine in Ontario, estimating 6,704oz – one of its largest single pours this year.

Tronox has secured coordinated, conditional and non-binding support for up to $600m in rare earth supply chain financing from Export Finance Australia and the Export-Import Bank of the US.

The US Government plans to acquire more equity stakes in critical mineral companies. It has already invested more than $1bn to acquire stakes in critical minerals companies over the past year.