AngloGold Ashanti, the world’s third-largest gold producer, has announced that it is putting its Crixas gold mine in Brazil up for sale. The company said that the decision to divest the mine was part of its ongoing strategy to focus on its core operations and to reduce its exposure to countries with high political and…
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 arrival of Australian coal in the Chinese market has been a long time coming, with the market already oversupplied and demand for coal decreasing. This has made it difficult for Australian coal to compete with the cheaper, higher quality coal from other countries. However, the recent arrival of Australian coal in the Chinese market…
Anglo Asian Mining, a leading gold, copper, and silver producer in Azerbaijan, has witnessed a significant surge in its stock price following the announcement of a substantial increase in its mineral reserves at the Ugur gold project. The company’s shares soared by more than 15% in response to this positive development, highlighting the market’s optimism…
Glencore, one of the world’s largest commodities trading and mining companies, is reportedly mulling offers for its CSA copper mine in Australia. The Swiss-based company is said to be in discussions with several interested parties, including a consortium led by private equity firm EMR Capital. The CSA copper mine, located in Cobar, New South Wales,…
The fate of a controversial gold mining project in French Guiana, jointly operated by Russia and Canada, hangs in the balance as Paris deliberates on its environmental and social implications. The Montagne d’Or gold mine, situated in the lush rainforests of French Guiana, has sparked fierce debates over the potential economic benefits versus the ecological…
BHP, a global mining leader, has sounded the alarm about the future of copper supply, highlighting the urgent need for the industry to invest around $250 billion over the next decade to meet surging demand. This rising demand is driven largely by the rapid growth of electric vehicles (EVs) and renewable energy initiatives, which depend…
Anglo Asian Mining plc (AIM:AAZ) is a gold, copper and silver producer in Azerbaijan with a broad portfolio of production and exploration assets. The company is the first to bring modern mining practices to the country and is now a major player in the mining industry in Azerbaijan. Anglo Asian has grown its copper footprint…
China’s massive stimulus talk has done little to boost metals as confidence in the global economy continues to fade. Despite the Chinese government’s announcement of a massive stimulus package, which includes infrastructure spending, tax cuts, and other measures, the market is not reacting positively. China’s stimulus package, which is estimated to be worth around $1.4…
China’s top coal supplier, the China National Coal Group Corporation (China Coal), has switched to more costly auctions in order to secure a stable supply of coal for its customers. The move is part of the company’s efforts to combat the country’s growing energy crisis. China Coal, which is the largest coal producer in the…