1mining

Russia’s top gold buyer bets on precious metals as virus rages :

Amidst the tumultuous waves of a global pandemic, Russia’s premier gold buyer, the nation’s central bank, has strategically doubled down on its investments in precious metals. As the COVID-19 virus continues to rage across the globe, the central bank’s move reflects a broader trend of seeking stability and hedging against economic uncertainties. Russia’s affinity for…

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Gold Mining in Ancient Egyptian Civilization

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….

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metal-mining

Metal ore mining

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,…

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Codelco finalizes an agreement with the supervisors union at the Chuquicamata copper mine.

On Friday, Chile’s state-owned Codelco, the largest global copper producer, announced the successful negotiation of a new contract with the union representing supervisors in its Chuquicamata division. The agreement, impacting 658 individuals, incorporates incentives tied to goal achievement and enhanced productivity, according to the company’s statement. While the financial details remain undisclosed, the contract spans…

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Canada grants the mineral-rich Arctic region of Nunavut autonomy and control over its resources.

A photo captured by Agnico Eagle showcases the Northern Lights above the Meliadine mine in the Kivalliq district of Nunavut. On Thursday, Canada officially handed control of its vast Arctic territory, Nunavut, over its reserves of gold, diamonds, iron, cobalt, and rare earth metals. This action has the potential to stimulate exploration and development in…

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uranium-mining

Uranium mining stocks gain as US weighs sanctions on top Russian supplier :

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…

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