【SMM Flash News】Rio Tinto Closes Canada's Diavik Diamond Mine After 23 Years

Cornish Tin Limited has closed its latest funding round at over £2.2 million, surpassing its initial target with a pre-money valuation of £29 million. Proceeds will fast-track exploration at the high-grade Great Wheal Vor and Tregonning South projects in Cornwall. With global tin prices recently hitting highs above $50,000/t and rising lithium demand for EVs, the company aims to secure a critical domestic supply chain for the UK and European technology and renewable energy sectors.

PT Dian Swastatika Sentosa Tbk (DSSA), the Sinar Mas Group’s coal mining flagship, recorded a 2025 net profit of USD 230.54 million, a 25.4% year-on-year drop. This decline mirrors a 7.5% contraction in operating revenue to USD 2.79 billion, primarily driven by a 10.3% slump in the coal mining and trading segment. Despite a significant elevenfold surge in foreign exchange gains to USD 71.3 million and a 29% rise in interest income, these non-operating boosts were insufficient to offset rising costs of goods sold and the broader downturn in core coal operations.

President Prabowo Subianto oversaw the signing of business deals totaling $23.63 billion during the Indonesia-Japan Business Forum in Tokyo on March 30, 2026. The agreements encompass 10 memoranda of understanding (MoUs) spanning critical sectors including energy, oil and gas, petrochemicals, manufacturing, and finance. Highlighting the shift toward sustainable industrialization, key projects include a carbon-emission-based methanol production facility in Bontang, East Kalimantan, and a strengthened pact between INPEX and Pertamina to advance the Masela LNG project.