This post was originally published on this site.Mining transparency rules are increasingly translating into billions of dollars in protected public revenue, tougher scrutiny of licences and renegotiated resource deals as governments compete for a greater share of mineral wealth, according to a new global review. The Extractive Industries Transparency Initiative (EITI) said its reporting framework covers 56 countries and about 3,900 entities. Governments have disclosed $3.6 trillion in extractive-sector revenue through the initiative since its establishment in 2003. The findings show transparency moving beyond the publication of mining payments and into decisions over ownership, licensing, taxation and major project agreements....

This post was originally published on this site.Lynas Rare Earths (ASX: LYC) has presented plans to build a rare earth oxide separation plant in Brazil’s Minas Gerais state, Mines and Energy Minister Alexandre Silveira told MINING.COM, as the government considers backing a project that could become one of the largest such facilities outside China. The proposal forms part of Lynas’ expansion into Brazil through its $672 million acquisition of Meteoric Resources, whose Caldeira project hosts one of the world’s largest known ionic-clay rare earth deposits outside China. State development bank BNDES is evaluating potential financing, according to people familiar with...