Electra, a Canadian-based mining and metals company, announced that it has begun talks with the government of Quebec about the possibility of building a second cobalt refinery in the province. The new facility could be located in the Saguenay-Lac-St-Jean region, and would be used to process cobalt ore mined from the company’s nearby Lac des…
Nationalization remains a prominent subject in mining discussions. With tightening supply chains and increasing strength in long-term demand drivers, resource-rich nations are striving to secure a larger portion of their mineral wealth. Throughout South America, Africa, and Asia, countries are challenging established norms that enable multinational miners to profit substantially from local resources. Although nationalization…
South Africa’s antitrust agency said on Wednesday that it was scrutinizing a hostile takeover battle for one of the country’s leading platinum producers, with the regulator aware of the potential impact of a pending transaction on the nation’s broader economy. The Competition Commission of South Africa said that it was looking into a takeover offer…
On Friday, Chile’s state-owned Codelco, the largest global copper producer, announced the successful negotiation of a new contract with the union representing supervisors in its Chuquicamata division. The agreement, impacting 658 individuals, incorporates incentives tied to goal achievement and enhanced productivity, according to the company’s statement. While the financial details remain undisclosed, the contract spans…
SolGold, a London-listed copper and gold exploration and development company, recently announced that its Cascabel copper-gold project in Ecuador could become one of the top 20 copper mines in South America. The news was welcomed by investors, as the company has been working hard to develop the project since it was acquired in 2014. The…
Hutti Gold Mine is one of India’s oldest and most significant gold mines, situated in the Raichur district of Karnataka. Managed by Hutti Gold Mines Company Limited (HGML), a state-owned enterprise, the mine has a rich history dating back to ancient times, with references to gold mining activities in the region during the pre-Mughal and…
Mining in Australia dates back to the early 1800s, when explorers discovered vast deposits of minerals and metals in the continent. In the 19th century, the gold rushes of the 1850s and 1860s saw hundreds of thousands of fortune seekers converge on the country in search of wealth. These gold rushes were followed by a…
Zambia, the second-largest copper producer in Africa, has set an ambitious goal to increase its annual copper production to one million tons by 2027. This target represents a substantial 40% increase from current levels. The drive to expand production is fueled by significant new investments in the mining sector and the development of existing mines….
The aluminum market has been on edge in recent weeks due to uncertainty around Russia’s supply of the metal. Russia is the world’s second-largest producer of aluminum and the third-largest exporter, and any disruption in its supply could cause a significant ripple effect in the global market. The source of the concern is the potential…
Gold investment has been surging in recent months, as investors seek out safe havens amid the economic uncertainty created by the coronavirus pandemic. The price of gold has climbed to a seven-year high, and demand for the precious metal has been increasing significantly. Investors are turning to gold as a reliable asset to protect their…