Teck Resources Ltd. has announced that it will spin off its coal operations into a separate company, to be named Teck Metals Ltd. The new company will focus on the exploration and development of mineral resources, including copper, zinc and lead. Teck Resources is one of the world’s largest producers of metallurgical coal and has…
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…
China is set to step up its efforts to explore and exploit deep sea mining resources, a move that could have far-reaching implications for the global economy. The Chinese government has long been interested in deep sea mining, with its Ministry of Natural Resources (MNR) announcing in 2018 that it was investing in the development…
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…
The approval of the Maxwell coal mine in New South Wales, Australia, has sparked debates about the delicate balance between energy needs, economic development, and environmental conservation. The decision highlights the ongoing global challenge of reconciling the demand for fossil fuels with the imperative to address climate change and transition to renewable energy sources. The…
In a groundbreaking move set to reshape the global lithium market, Lithium One Metals and Norris Lithium have officially announced their plans to merge, creating a formidable force in the race to meet the soaring demand for lithium, a vital component in renewable energy and electric vehicle (EV) batteries. The merger, which has been in…
Since the turn of the century, Canada has fallen from its standing as the world’s leading producer of minerals. Economic analyses estimate that for the globe’s top 10 countries, Canada’s rankings have dropped from the top or near-top producer in most minerals, to as low as the 8th or 9th in the rankings. A newly…
Uranium mining stocks rose on Thursday after the United States government announced it was considering imposing sanctions on Russia’s state-controlled nuclear energy company, Rosatom, in response to the country’s alleged interference in the 2020 presidential election. The news sent uranium mining stocks higher as investors bet that the potential sanctions would limit Russia’s ability to…
The mining industry in British Columbia has a long and storied history, one which has been intertwined with the development of the province itself. From the discovery of gold in the Cariboo region in the late 19th century, to the emergence of copper and coal mining in the 20th century, mining has been an integral…
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…