DeepGreen Metals, a deep-sea mining company specializing in extracting battery metals from the ocean floor, has taken a significant step forward in its mission. Recently, the company secured a substantial cash injection from Swiss investment firm, MetalOil, providing the necessary funds to accelerate its exploration and development efforts. This investment brings DeepGreen one step closer…
Mining technology has been advancing at a rapid pace over the past few decades, with new technologies and processes being developed to improve efficiency and safety. As the industry has evolved, so too have the roles and responsibilities of those working in it. This article will explore how mining technology is advancing industry roles, and…
In a move that has sparked both praise and controversy, the state government of New South Wales (NSW) has given the green light for the development of the Maxwell coal mine. The decision comes after months of heated debates among environmentalists, industry representatives, and local communities, highlighting the ongoing tension between economic interests and environmental…
On April 30th, 2020, the Perth-based mining company Essential Metals Ltd (Essential Metals) rejected a takeover bid from Tianqi Lithium Corporation (Tianqi Lithium) and IGO Ltd (IGO). The bid sought to acquire all of Essential Metals’ shares at a price of $0.082 per share. Essential Metals is an exploration and development company that is focused…
The US debt ceiling is reaching a critical point, according to recent reports, and the Wall Street Journal sees a “copper glow up” in the near future. The debt ceiling, or rather the legal limit Congress has placed on the total debt the US can have at any given time, was set at $22 trillion…
The aluminum market has been on edge in recent weeks due to uncertainty around Russia’s supply of the metal. Russia is the world’s second-largest producer of aluminum and the third-largest exporter, and any disruption in its supply could cause a significant ripple effect in the global market. The source of the concern is the potential…
Teck Resources Limited, one of the largest diversified mining companies in the world, announced on March 4, 2021 that it will spin off its coal business into a new entity called Teck Metals Ltd. The move is part of the company’s strategy to focus on its core metals businesses and reduce its exposure to the…
Aluminium Dunkerque, a French aluminium producer, has announced plans to sell a portion of its metal to Glencore, one of the world’s leading commodities traders. The deal marks an important step forward for the two companies in terms of their long-term relationship. Aluminium Dunkerque is one of the largest aluminium producers in Europe, with an…
Europe’s first lithium mine has agreed to merge with Sizzle SPAC, a special purpose acquisition company (SPAC), in a deal that will give the mine a market value of $1.4 billion. The deal, which was announced on April 5, 2021, will see the lithium mine, called Bacanora Minerals Ltd., become a publicly traded company. Bacanora…
AngloGold Ashanti, the world’s third-largest gold producer, has announced that it is putting its Crixas gold mine in Brazil up for sale. The company said that the decision to divest the mine was part of its ongoing strategy to focus on its core operations and to reduce its exposure to countries with high political and…