The gold mining company Kinross Gold Corporation has announced that its gold mining operations in Russia are unaffected by the sanctions imposed by the United States and its allies on the country. The company said that it is closely monitoring the situation and is in compliance with all applicable laws and regulations. The sanctions, which…
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….
The metal ore mining industry segment covers the extraction of metal ores, primarily gold, silver, iron, copper, lead, and zinc. These naturally occurring minerals have a variety of industrial purposes: gold and silver are primarily used in jewelry and high-end electronics, iron is used to produce steel, copper is the main component of electrical wiring,…
Anglo Asian Mining, the London listed gold, copper and silver producer, reported a return to profitability in the first half of 2018, driven by a doubling of copper production. The company, which operates in Azerbaijan, said its copper output rose to 1,721 tonnes in the six months to June 30, up from 843 tonnes a…
Anglo Asian Mining PLC (AIM:AAZ) is back in the black after the company reported a pre-tax profit of $3.5 million for the six months ended 30 June 2017. The turnaround was driven by a doubling of copper production and a surge in gold sales. The London-listed company, which operates the Gedabek gold, copper and silver…
The United States government, the Navajo Nation, and Freeport-McMoRan Inc. (Freeport) have reached a settlement agreement to clean up and restore uranium mines in the Navajo Nation. The agreement, which was announced on December 15, 2020, will bring much needed relief to the Navajo Nation, which has been dealing with the legacy of uranium mining…
In the past year, Germany marked a significant environmental achievement by attaining a 70-year low in emissions. This milestone, notable for the largest economy in Europe, is primarily credited to a substantial decrease in reliance on coal, indicating a transformative change in the country’s energy framework. The decrease in emissions wasn’t limited to the energy…
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On July 1, 2020, Essential Metals Limited (ASX: ESN) announced that it had rejected the takeover bid from China’s Tianqi Lithium Corporation and its Australian partner IGO Limited. The offer had been made in June and was valued at A$1.67 billion. Essential Metals is a specialty metals company that is focused on the exploration and…
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…