![Amman Mineral secures export permit for copper concentrate teaser image](https://images.kitco.com/img/height_434,width_774/icms/f10c6e04-5312-40e7-9b9e-135507b097be.jpeg)
Amman Mineral secures export permit for copper concentrate
Indonesia’s Copper miner Amman Mineral Nusa Tenggara, a unit of Amman Mineral Internasional, has secured a permit to export copper concentrate with quota of 534,000 dry metric tons until Dec. 31 from the government, the company said on Thursday.The firm secured an export permit after its affiliate Amman Mineral Industri completed their smelter construction, and expects its first copper cathode production in the fourth quarter of 2024.
![Taliban start building road for huge Chinese copper mining project teaser image](https://images.kitco.com/img/height_434,width_774/icms/c2826083-82a1-45c0-bde9-d9ebd60e008f.png)
Taliban start building road for huge Chinese copper mining project
Afghanistan’s Taliban administration this week began construction of a road to the remote site of a huge copper mine that Metallurgical Corporation of China (MCC) confirmed it was planning to start operating though it did not know when.The developments were among the clearest signals since the Taliban took over in 2021 that both sides planned to move ahead with the project after its launch has been mired by delays for over a decade.
![Iron ore price drops further as strong supply, China steel sell-off weigh teaser image](https://images.kitco.com/img/height_434,width_774/icms/39261267-e0c6-42b4-af56-8b6d5cefd6d0.png)
Iron ore price drops further as strong supply, China steel sell-off weigh
Iron ore futures prices lost further ground on Thursday, weighed by strong global supply and top consumer China’s persistently weak steel market, although hints of heavier monetary stimulus helped limit losses.The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) fell for a fifth straight session to close daytime trade with a loss of 1.55% to 764.5 yuan ($105.50) a metric ton.The benchmark August iron ore on the Singapore Exchange dipped below the key psychological level of $100 a ton, falling 1.14% to $99.75 a ton, as of 0710 GMT.