EDM Resources Secures Amended Industrial Approval for Scotia Zinc Mine, Targets 2027 Restart

【SMM Flash】According to SMM communication, as of this Thursday (July 23), the total inventory of SMM zinc ingots across seven major regions was 270,400 mt, an increase of 2,700 mt from July 16 and 1,400 mt from July 20, indicating a rise in China’s inventory.

Kazakhstan and Iran have signed a 27-year cooperation agreement to build a dedicated logistics terminal at Shahid Rajaee Port. The facility is scheduled to be completed within two years and commence commercial operations in the third year. The project opens an outbound shipping route connecting to the Persian Gulf, South Asia, Southeast Asia and East Africa, strengthens the International North–South Transport Corridor (INSTC), and expands export channels for Kazakh sulphur. In the medium to long term, it is expected to unleash Kazakhstan’s sulphur export capacity and reshape regional sulphur trade flows. Notes: The project is currently at the agreement signing stage and construction has not yet started. At least two years remain before commissioning; impacts will materialise over the long run with no immediate supply disruption. Geopolitical risks: Uncertainties surrounding the Strait of Hormuz and the situation in Iran may affect project progress. Transport route: Sulphur will need to be transported via the Caspian Sea or overland across Central Asia and inland Iran to reach the port. Customs clearance and freight stability along the entire cross-border overland corridor remain subject to variables.

Eagle Mountain Mining has signed a non-binding memorandum of understanding with Japan’s Nittetsu Mining to jointly identify and assess new mineral projects, building on their existing partnership at the Oracle Ridge project in Arizona. The cooperation will primarily target copper, gold, lead, lithium, nickel, silver and zinc opportunities in Australia and North America. The companies will consider projects ranging from early-stage exploration to advanced exploration, pre-development and producing assets. The MoU has an initial term of 24 months, is non-exclusive and does not require either party to complete a transaction. The partnership is intended to combine Eagle Mountain’s project development capabilities with Nittetsu Mining’s technical expertise and potential funding capacity to expand their pipeline of lead, zinc and other strategic mineral assets.