Anglo American’s diamond unit, De Beers Group, has recently reported a decline in its financial results, thereby taking some of the sparkle away from the company’s overall performance. This setback comes amidst a challenging period for the diamond industry, which has been grappling with various economic and market factors. The decline in De Beers’ results…
South African stocks rose on Friday as demand for safe-haven investments increased amid rising worries about global economic growth. Gold mining companies and other gold-related stocks were the biggest beneficiaries as gold prices gained amid increased risk-off sentiment. Investment holding companies were also among the top gainers, with investors seeking refuge in these companies’ assets,…
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…
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 Ford Motor Company has requested that the United States government speed up the process of granting mining permits. This request comes as part of Ford’s efforts to secure the supply of raw materials needed to build its vehicles. Mining is a critical part of the auto industry as it provides the raw materials needed…
Many mining companies are following the following steps to extract gold from the earth surface. As technology improves more and more mining techniques are being discovered to make the work simple. Literature Survey: In India lot of government agencies are taking out verification surveys on gold mining. Among those agencies there are two main agencies….
Platinum: Platinum is a material which is very rare and the cost of gold is double than gold. In igneous rocks platinum is formed and these rocks also have iron and magnesium. Along with other materials like copper and gold, Platinum is also found in thin layers. Using surface and underground Platinum is mined. Due…
Nickel’s electric dreams turn into a pricing nightmare : The electric vehicle (EV) market is booming. With the rise of Tesla and other electric car manufacturers, more and more people are looking to make the switch to electric. But as the market grows, so too do the prices of these cars. This has led to…
The Metals Company, formerly known as DeepGreen Metals Inc., has rekindled the race to mine the ocean floor, sparking a renewed debate over the environmental and economic implications of deep-sea mining. The company’s ambitious venture aims to extract valuable metals and minerals from the depths of the ocean, but it has ignited concerns about the…
Lithium Americas Corporation, a leading global lithium producer and developer, has announced its plans to restart its Cauchari-Olaroz lithium project in Argentina. The project is located in the Jujuy province of the country and is one of the world’s largest and highest-grade lithium brine deposits. The project was suspended in 2018 due to a lack…