In a significant development for the mining industry, the Responsible Copper Mining Framework, which has gained traction in recent years, is being extended to encompass the extraction of nickel, zinc, and molybdenum. This expansion marks a critical step forward in promoting responsible and sustainable practices within the resource extraction sector, addressing environmental, social, and economic…
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…
Iron ore prices have surged to their highest level in six months, as China plans to introduce more stimulus measures to boost economic growth. The price of iron ore, the key ingredient in steel production, rose to $90.70 a tonne on Monday, the highest level since early October 2019. The surge was driven by reports…
A recently identified mineral, named kanatzidisite, was found in the mining dumps of the abandoned Nagybörzsöny gold deposit at Alsó-Rózsa in northern Hungary. Kanatzidisite, belonging to the class of materials known as chalcogenides, has historical usage in copper production and modern applications in catalytic reactions for fuel production, solar cells, and various materials. This novel…
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…
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…
Global Lithium Corporation (GLC) is pleased to announce that its Manna lithium deposit in Australia is expanding. The company recently completed a successful drilling program that has extended the known mineralization of the deposit. The Manna lithium deposit is located in western New South Wales, Australia, and is one of the largest known lithium deposits…
The resurgence of copper mining in recent years, particularly in the United States, has been a boon for the industry. The demand for copper is rising as it is increasingly used in renewable energy sources and electric vehicles, and the production of the metal is keeping up. However, the industry is facing a new challenge:…
The value of metals is determined by various factors, including rarity, industrial usage, and investment demand. Here are ten of the most precious metals that are mined: Gold: Gold has been highly valued throughout history for its beauty and rarity. It is used in jewelry, electronics, and as an investment. Platinum: Platinum is a dense,…
Saudi Arabia has increased its projections for untapped mineral resources, encompassing phosphate, gold, and rare earths, to $2.5 trillion, a significant upward revision from the 2016 forecast of $1.3 trillion, as indicated by the country’s mining minister. This reflects Riyadh’s strategic emphasis on diversifying its economy away from oil dependence, with a focus on harnessing…
