Orla Mining Ltd. has announced its plans to expand its operations into Nevada, USA. The Vancouver-based gold exploration and development company will acquire a portfolio of mineral properties in the state, including the Copper King Project in Elko County. The Copper King Project is located in the prolific Carlin Trend gold district and consists of…
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…
China’s top coal supplier, the China National Coal Group Corporation (China Coal), has switched to more costly auctions in order to secure a stable supply of coal for its customers. The move is part of the company’s efforts to combat the country’s growing energy crisis. China Coal, which is the largest coal producer in the…
Iron ore prices rose on Monday after data showed a surprisingly robust pick-up in activity in China’s manufacturing sector and as steel demand outlooks remain bullish. The benchmark 62 percent grade of iron ore for delivery to China SH-CCN-IRNOR62 rose as much as 4.5 percent to $99.80 a tonne, its highest level since October 26,…
The arrival of Australian coal in the Chinese market has been a long time coming, with the market already oversupplied and demand for coal decreasing. This has made it difficult for Australian coal to compete with the cheaper, higher quality coal from other countries. However, the recent arrival of Australian coal in the Chinese market…
BHP (ASX: BHP) has revealed the signing of a partnership agreement with HBIS Group, one of the world’s major steel producers. The collaboration aims to conduct trials on direct reduced iron (DRI) production, utilize BHP iron ores in blends, and advance a separate enhanced lump stage 2 trial focused on reducing carbon emissions from blast…
Metallic Minerals Corp. has signed a production royalty agreement with celebrity miner, Dakota Fred Hurt, that will allow Metallic Minerals Corp. to conduct exploration, development and mining operations on Hurt’s gold claims in the Yukon. The exciting development is expected to boost Metallic Minerals’ presence in the Yukon gold rush. Metallic Minerals will now have…
On April 6, 2021, the government of Colombia issued an order to Anglo American, a multinational mining company, to clean up a toxic coal spill in the Santurban region of the country. The spill had occurred in late March, when a coal slurry, a byproduct of coal mining, had leaked from a storage tank and…
In recent years, concerns over the ethical and environmental impact of mining have grown, prompting a global push for responsible and sustainable practices within the industry. The issue of “blood metals,” which are minerals extracted from conflict zones or areas with poor labor practices, has particularly gained attention. In response to this mounting awareness, Avalon…
Orla Mining has entered a definitive agreement to acquire the Musselwhite Gold Mine from Newmont for $810 million (C$1.14 billion) in upfront cash, with an additional $40 million contingent on future gold prices. This transformative acquisition is set to significantly enhance Orla’s gold production and free cash flow, marking a pivotal step in the company’s…