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…
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…
China’s massive stimulus talk has done little to boost metals as confidence in the global economy continues to fade. Despite the Chinese government’s announcement of a massive stimulus package, which includes infrastructure spending, tax cuts, and other measures, the market is not reacting positively. China’s stimulus package, which is estimated to be worth around $1.4…
Governments around the world are increasingly focusing on electrification initiatives to combat climate change, but the mining sector is often overlooked in these efforts. Despite being an essential part of the global energy mix, mining is often overlooked in electrification initiatives. Mining is a vital part of the global economy, and it is essential for…
Global Lithium, a leading mining company specializing in the extraction of lithium resources, has recently announced significant extensions to its Manna deposit located in Australia. This breakthrough development underscores the company’s dedication to meeting the growing global demand for lithium, a crucial element powering the rapidly expanding electric vehicle (EV) market and renewable energy sector….
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…
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…
Russia, Congo, and Botswana are three of the world’s leading diamond producers and holders of global diamond reserves. The three countries account for the majority of the world’s diamonds and are responsible for the majority of diamond production and exports. Russia is the world’s largest diamond producer and the largest holder of global diamond reserves….
In a move that could significantly impact the mining industry, Russia is contemplating a new tax policy that would peg the taxation of mining firms to global metals prices. The proposed measure aims to align tax rates with market conditions, ensuring a fair and stable environment for both the government and mining companies. This decision…
The Chinese government has recently completed an investigation into the lithium mining industry in the country and has cleared the major lithium miners of any wrongdoing. The investigation was launched after reports emerged in 2020 that some miners were operating without proper permits and failing to comply with safety regulations. The government has now given…