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A recent study suggests that the establishment of new critical mineral mines in British Columbia has the potential to generate approximately $600 billion.

admin2 years ago03 mins mins

A recent independent economic impact analysis, commissioned by the Mining Association of British Columbia (MABC), reveals that 16 proposed critical mineral mines in the province hold a pivotal position. These mines represent a near-term investment of C$36 billion, with the potential to generate 300,000 person-years of employment and contribute C$11 billion in tax revenues. In…

The Journey Toward Autonomy in Mining

admin2 years ago2 years ago02 mins mins

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 global copper market is entering an age of extremely large deficits :

admin2 years ago2 years ago03 mins mins

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…

Gold price slips after strong US data, focus now on Powell speech :

admin2 years ago03 mins mins

The price of gold recently experienced a decline following the release of robust economic data from the United States. As markets digested the positive indicators, all eyes turned towards an upcoming speech by Federal Reserve Chair Jerome Powell. The intricate interplay between economic data, central bank decisions, and investor sentiment has become a defining characteristic…

New South Wales green lights Maxwell coal mine :

admin2 years ago2 years ago03 mins mins

In a move that has sparked both praise and controversy, the state government of New South Wales (NSW) has given the green light for the development of the Maxwell coal mine. The decision comes after months of heated debates among environmentalists, industry representatives, and local communities, highlighting the ongoing tension between economic interests and environmental…

Anglo Asian soars after boosting reserves at Ugur gold project :

admin2 years ago2 years ago03 mins mins

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…

Russia’s top gold buyer bets on precious metals as virus rages :

admin2 years ago2 years ago03 mins mins

Amidst the tumultuous waves of a global pandemic, Russia’s premier gold buyer, the nation’s central bank, has strategically doubled down on its investments in precious metals. As the COVID-19 virus continues to rage across the globe, the central bank’s move reflects a broader trend of seeking stability and hedging against economic uncertainties. Russia’s affinity for…

Rock Tech, Bilfinger to build Europe’s first lithium refinery :

admin2 years ago2 years ago03 mins mins

Rock Tech Lithium Inc. and Bilfinger, two prominent players in the energy and industrial sectors, have joined forces to embark on an ambitious project that holds the potential to reshape Europe’s lithium supply chain and bolster its clean energy transition efforts. The collaboration aims to construct Europe’s inaugural lithium refinery, marking a significant milestone in…

Large methane leak detected over South Africa coal mining region :

admin2 years ago2 years ago03 mins mins

A significant environmental concern has arisen in South Africa as a large methane leak has been detected over a coal mining region. This development raises alarms about the potent greenhouse gas emissions associated with coal mining and highlights the urgent need for stricter regulations and sustainable energy alternatives. The coal mining region in question is…

The great coal mining jobs boom has been postponed :

admin2 years ago2 years ago03 mins mins

The anticipation of a remarkable coal mining jobs boom has encountered a substantial delay, eliciting discussions and concerns about the future of the coal industry and its broader economic implications. This delay can be attributed to a confluence of factors, ranging from global shifts in energy preferences to environmental regulations and technological advancements. For decades,…

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A recent study suggests that the establishment of new critical mineral mines in British Columbia has the potential to generate approximately $600 billion.

The Journey Toward Autonomy in Mining

The global copper market is entering an age of extremely large deficits :

Gold price slips after strong US data, focus now on Powell speech :

New South Wales green lights Maxwell coal mine :

Anglo Asian soars after boosting reserves at Ugur gold project :

Russia’s top gold buyer bets on precious metals as virus rages :

Rock Tech, Bilfinger to build Europe’s first lithium refinery :

Large methane leak detected over South Africa coal mining region :

The great coal mining jobs boom has been postponed :