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Finance Minister Purbaya inviting global investors at a conference in Indonesia.
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Purbaya invites global investors and follows mining royalty delay

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Finance Minister Purbaya Yudhi Sadewa invited global investors to Indonesia while introducing the P2SP task force mechanism to resolve business obstacles.

A survey reveals 2,864 active processes at the National Mining Agency, with the highest concentration in Bahia.

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The U.S. Geological Survey says the Appalachian region contains an estimated 2.3 million metric tons of undiscovered, economically recoverable lithium—an amount it calculates could replace about 328 years of U.S. lithium imports at 2024 levels.

Five weeks after the collapse in Garpenbergsgruvan, Boliden has updated on the situation. Mining in upper Lappberget has sunk five meters and resumption is difficult. Impact expected until 2031.

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Deputy Arnaldo Jardim (Cidadania-SP) presented the report for the new Critical Minerals Framework, proposing a public fund of up to R$ 5 billion to finance mineral projects. The text creates a council to oversee exports and international agreements. Voting is scheduled for Tuesday or Wednesday.

Mining and smelting company Boliden reports strong first-quarter results, driven by higher metal prices and solid production. Abnormal seismic activity at the Garpenberg mine has caused a total production halt, set to impact volumes for the rest of the year.

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Westgold Resources Limited reported producing 93,145 ounces of gold in its fiscal third quarter of 2026, with all-in sustaining costs of $2,931 per ounce excluding its ore purchase agreement. The company built $285 million in underlying cash before growth capital and other expenditures, boosting its treasury to $856 million. CEO Wayne Bramwell highlighted the business's scale, resilience, and full exposure to gold prices.

 

 

 

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