In recent times, the global copper market has been undergoing a significant shift, marked by the emergence of a supply-demand imbalance that has led to what experts are terming an “age of extremely large deficits.” This development has far-reaching implications for various industries and economies around the world, given copper’s indispensable role as a foundational…
BHP Group announced on Thursday a reassessment of the value of its nickel operations following a significant price decline, potentially leading to write-downs amid oversupply in the electric vehicle battery metal market. As the world’s largest listed miner, BHP, which entered into a nickel supply deal with Tesla in 2021, is revisiting its business strategy…
Orla Mining has entered a definitive agreement to acquire the Musselwhite Gold Mine from Newmont for $810 million (C$1.14 billion) in upfront cash, with an additional $40 million contingent on future gold prices. This transformative acquisition is set to significantly enhance Orla’s gold production and free cash flow, marking a pivotal step in the company’s…
Mining technology has been advancing at a rapid pace over the past few decades, with new technologies and processes being developed to improve efficiency and safety. As the industry has evolved, so too have the roles and responsibilities of those working in it. This article will explore how mining technology is advancing industry roles, and…
The mining industry in British Columbia has a long and storied history, one which has been intertwined with the development of the province itself. From the discovery of gold in the Cariboo region in the late 19th century, to the emergence of copper and coal mining in the 20th century, mining has been an integral…
Alrosa, the world’s top diamond miner, has been hit by US sanctions, leading to a drop in its share price and a warning from the company that it could be forced to delay some of its projects. The US Treasury Department announced on April 15th that it had sanctioned Alrosa and its subsidiaries for their…
Gold mining company Polymetal International announced on Monday its plan to sell its entire Russian mining operation for $3.69 billion, aiming to completely withdraw from the Russian Federation due to the risks of Western sanctions and potential nationalization by Putin’s government. Subject to shareholder approval, Polymetal intends to sell its Russian business to JSC Mangazeya…
BHP, one of the world’s largest mining companies, has announced a trial of renewable diesel fuel at its Yandi iron ore operations in Western Australia. The trial is part of BHP’s commitment to reduce its greenhouse gas emissions intensity by 30% by 2030. The trial will involve the use of renewable diesel fuel in some…
Three miners were killed and two injured in an explosion at a Russian mine in the Kemerovo region on Friday. The incident occurred at the Kiselyovskaya mine, located in the city of Prokopyevsk. The blast occurred at around 11:30 a.m. local time when a methane gas explosion took place at a depth of approximately 500…
Teck Resources Ltd. has announced that it will spin off its coal operations into a separate company, to be named Teck Metals Ltd. The new company will focus on the exploration and development of mineral resources, including copper, zinc and lead. Teck Resources is one of the world’s largest producers of metallurgical coal and has…
