Japan is set to subsidize half the costs of lithium and other critical minerals projects, according to a report by Reuters. The Japanese government has reportedly been in talks with the private sector to secure supplies of lithium, cobalt, and other metals used in electric vehicle batteries. The government is said to be offering subsidies…
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…
Hecla Mining Company, a leading producer of silver and gold, recently reported that its silver reserves have reached the second-highest level in the company’s 130-year history. The company noted that silver production from its mines increased significantly in 2019, with total proven and probable silver reserves reaching over 9 million ounces. In addition to the…
Africa-focused diamond miner Petra Expensive diamonds can expect output for 12 months closing summer 2013 to elevate by around 30%. Using the corporation’s original results Petra can expect result from it’s just lately purchased Finsch my very own as well as Williamson my very own as well greater result at its Kimberley mining equipment to…
The relationship between China and Africa is a complex one, with the two sides traditionally having a symbiotic relationship. In recent years, however, China has been increasingly criticized for its involvement in Africa’s coal industry, with many observers arguing that the country is virtually alone in backing the continent’s coal projects. This article will explore…
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…
Golden Minerals, a mining company focused on precious metals exploration and development, has announced the release of the initial resource estimate for its Yoquivo silver-gold project located in Chihuahua, Mexico. The company’s preliminary findings indicate promising mineralization potential, highlighting the project’s significant prospects for future development. The Yoquivo project covers an expansive land package of…
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…
The competition for mined copper resources is anticipated to increase, posing a challenge to Chinese firms responsible for half of the world’s refined copper production. Despite significant output cuts affecting the metal market, it is unlikely that these cuts will be substantial. Chinese copper producers, primarily state-owned, face pressure to uphold or elevate production targets…
Uranium mining stocks surged on Tuesday as the United States considers imposing sanctions on Russia’s top uranium supplier, a move that could reduce global supplies of the nuclear fuel and drive up prices. The U.S. Treasury Department is reportedly weighing sanctions on Russia’s state-owned nuclear energy corporation, Rosatom, which supplies about one-third of the world’s…
