Amidst the ongoing violent turmoil in Ecuador, the emerging mining industry envisions a path forward, as both operational mines and upcoming projects are anticipated to proceed as scheduled, bolstered by heightened security measures. Despite residents taking refuge at home due to President Daniel Noboa’s war on drug gangs, mines belonging to Lundin Gold Inc. and…
On Tuesday, aluminum producer Alcoa (NYSE: AA) officially announced its decision to cease production at the financially unsustainable Kwinana refinery in Western Australia, bringing an end to over six decades of operations. The company attributed the decision to challenging market conditions and the facility’s aging infrastructure, leading to the unfortunate consequence of over 750 employees…
The mining industry, with a history as ancient as time itself, relies on a diverse array of components and essential participants to achieve success. Juniper Systems’ robust data collection tools emerge as the contemporary solution for the modern mining process. The most recent advancements in mobile technology bring significant enhancements to various facets of mining…
In recent decades, mines have progressively adopted cleaner, safer, and more efficient operations, benefiting from advancements in positioning and orientation technology that facilitate automation and autonomy. Indeed, a 2020 report from Baker McKenzie revealed that the global smart mining market was valued at US$6.8 billion in 2019, with projections anticipating it to reach US$20.31 billion…
The metal ore mining industry segment covers the extraction of metal ores, primarily gold, silver, iron, copper, lead, and zinc. These naturally occurring minerals have a variety of industrial purposes: gold and silver are primarily used in jewelry and high-end electronics, iron is used to produce steel, copper is the main component of electrical wiring,…
The oil and gas extraction segment produces the petroleum and natural gas that heat homes, fuel cars, and power factories. Petroleum products are also the raw materials for plastics, chemicals, medicines, fertilizers, and synthetic fibers. Petroleum, commonly called crude oil or just oil, is a liquid formed under ground from the decay of plants and…
