Frank Timis, the founder of African Minerals, has announced that he is in the process of acquiring the Sierra Leone assets of the now-bankrupt London Mining. The acquisition is being made through Timis’ company, Timis Corporation, which will acquire London Mining’s iron ore assets in Sierra Leone for an undisclosed amount. London Mining had been…
The race to mine the ocean floor is being reignited as the Metals Company, a Canadian resource exploration and development company, has announced plans to explore for and develop seafloor massive sulfide (SMS) deposits. SMS deposits are formed on the seafloor when hydrothermal fluids, or hot water, rich in metals and minerals, are expelled from…
The European Union has been actively working to secure its supply of critical minerals, an effort that has been turbocharged in recent years. Critical minerals are those that are essential to the functioning of modern-day economies and are used in a wide range of industries, from electronics to energy. As such, they are vital to…
The mining sector is one of the most important economic sectors in the world, accounting for over 10% of global GDP and employing millions of people around the world. As the sector has grown in size and importance, so too has the need for miners to adopt environmental, social, and governance (ESG) and transparency reporting…
The closure of the last zinc smelter in Europe has added to the conundrum of how to meet the rising global demand for zinc. The closure of the French smelter in Salindres in December 2019 has left Europe without an integrated zinc smelter and has put pressure on the global zinc market. Zinc is an…
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…
The United States government, the Navajo Nation, and Freeport-McMoRan Inc. (Freeport) have reached a settlement agreement to clean up and restore uranium mines in the Navajo Nation. The agreement, which was announced on December 15, 2020, will bring much needed relief to the Navajo Nation, which has been dealing with the legacy of uranium mining…
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…
The coal mining industry segment produces coal, a fossil fuel that is used primarily for electric power generation and in the production of steel. Like oil, coal is formed over millions of years from plant and animal matter, but unlike oil, coal is a solid, and therefore miners must go into the earth to recover…
Queensland government will put up a three-member execution committee to manage the continuation of Uranium Mining in the state, according to a announcement from premier Campbell Newman and the minister for natural resources and mines, Andrew Cripps. The statement followed “sustained public debate on uranium mining in Queensland, and strong support for the uranium industry…
