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…
Barrick Gold Corporation, one of the world’s largest gold producers, has announced that its giant South American gold project, Pascua-Lama, is set to become a reality. The project, located on the border of Chile and Argentina, is expected to produce an estimated 17.9 million ounces of gold over its estimated 25-year life. The project is…
Sibanye Stillwater Ltd. experienced a significant downturn last year, reporting a $2 billion loss due to an impairment charge against its US palladium mine. This marked a sharp contrast from the previous year when the miner posted a $1.1 billion profit. The company’s shares dropped as much as 7.4% in Johannesburg trading following the announcement….
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…
Shares of Energy Fuels (UUUU) moved sharply this week after the U.S.-based uranium miner announced it exceeded its previously disclosed 2025 uranium production and sales guidance. The stock jumped during Monday’s session before retreating on Tuesday, as investors reacted to both strong operational results and broader market volatility. Energy Fuels said it expects to sell…
In a world obsessed with wealth and the pursuit of shiny objects, a group of intrepid treasure hunters found themselves standing before the ultimate symbol of opulence: a mountain made entirely of gold. It was a discovery that would make Midas green with envy and set off a chain of events that could only be…
Three miners were killed and two injured in an explosion at a Russian mine in the Kemerovo region on Friday. The incident occurred at the Kiselyovskaya mine, located in the city of Prokopyevsk. The blast occurred at around 11:30 a.m. local time when a methane gas explosion took place at a depth of approximately 500…
The Biden Administration is advancing its environmental objectives by pledging that the United States will not construct any new coal plants and will gradually eliminate existing ones. U.S. Special Envoy for Climate John Kerry made this announcement at the annual United Nations climate summit, COP28, held in Dubai, though no specific timeline was provided for…
Anglo American’s diamond unit, De Beers Group, has recently reported a decline in its financial results, thereby taking some of the sparkle away from the company’s overall performance. This setback comes amidst a challenging period for the diamond industry, which has been grappling with various economic and market factors. The decline in De Beers’ results…
Queensland government will put up a three-member execution committee to manage the continuation of Uranium Mining in the state, according to a announcement from premier Campbell Newman and the minister for natural resources and mines, Andrew Cripps. The statement followed “sustained public debate on uranium mining in Queensland, and strong support for the uranium industry…