Great Mining

Sources indicate that Glencore and Trafigura are aiming for spot prices in their negotiations for the sale of mined copper.

admin2 years ago03 mins

Glencore and Trafigura are urging Asian smelters to agree to lower spot prices for the conversion of mined copper into metal this year, challenging the traditional industry benchmarks that are considerably higher, according to three sources familiar with the situation. Traditionally, the industry has relied on annual benchmarks, known as treatment charges (TCs), for contracts…

Gold Mining in Ancient Egyptian Civilization

admin2 years ago03 mins

Gold mining was a significant activity in ancient Egyptian civilization, deeply integrated into Egypt’s cultural and religious life. Known as the “golden country,” Egypt was famous for its substantial gold deposits, which were crucial to its economic and ceremonial affairs. The Egyptians began mining gold before 2000 BCE, primarily in the Eastern Desert and Nubia….

Ex-Fortescue Executives Unveil Innovative Green Iron Startup

admin2 years ago02 mins

Former executives from Fortescue’s clean energy initiatives, Michael Masterman and Bart Kolodziejczyk, have initiated a startup focused on reducing carbon emissions in the Australian iron ore sector. Notably, their approach differs from the hydrogen and membrane technology endorsed by their previous employer. Having secured $10 million in seed funding this week, primarily from venture capital…

World’s top diamond miner Alrosa hit by US sanctions :

admin3 years ago2 years ago03 mins

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…

Botswana Diamonds begins mining in South Africa :

admin3 years ago2 years ago03 mins

Botswana Diamonds, a diamond exploration and project development company, has announced that it has started diamond mining operations in South Africa. The company is exploring for diamonds in the country’s Northern Cape Province, which is renowned for its diamond deposits. Botswana Diamonds has already acquired a number of diamond-bearing properties in the region and is…

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

admin3 years ago03 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…

From gold bars to barring mining, US town awaits extractive ban ruling :

admin3 years ago2 years ago03 mins

In the small town of Black Hawk, Colorado, a battle is brewing over the future of the local mining industry. For years, the town has been home to a thriving gold-mining industry, but now the city council is considering a ban on all forms of extractive mining. If the ban is passed, it would be…

Cluff Gold signs new deal with Samsung

admin14 years ago3 years ago01 mins

Cluff Gold Company said it signed a memorandum of understanding for a long-term calculated partnership with Samsung C&T Corp, which will start with a US$20 million capability in return for mining equipment gold off-take. The US$20 million will be drawn instantly and go towards the company’s stability sheet, whilst make sure Cluff’s Sega project in…

Patriot Battery Metals extends Corvette lithium deposit in Quebec :

admin3 years ago2 years ago03 mins

Patriot Battery Metals, a prominent player in the mining and metals industry, has announced a significant extension of the Corvette lithium deposit located in Quebec. This development marks a crucial milestone not only for the company but also for the growing demand for lithium, a vital component in batteries used for electric vehicles (EVs) and…

Zimbabwe bans use of mercury in mining :

admin3 years ago04 mins

In a major move to protect people and the environment, the Zimbabwean government has banned the use of mercury in mining. The ban, which was announced on April 28, 2020, is part of the country’s efforts to reduce the environmental and health impacts of mercury exposure. Mercury is a highly toxic metal that is used…

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Sources indicate that Glencore and Trafigura are aiming for spot prices in their negotiations for the sale of mined copper.

Gold Mining in Ancient Egyptian Civilization

Ex-Fortescue Executives Unveil Innovative Green Iron Startup

World’s top diamond miner Alrosa hit by US sanctions :

Botswana Diamonds begins mining in South Africa :

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

From gold bars to barring mining, US town awaits extractive ban ruling :

Cluff Gold signs new deal with Samsung

Patriot Battery Metals extends Corvette lithium deposit in Quebec :

Zimbabwe bans use of mercury in mining :