The Zijin Mining Group is a Chinese multinational mining conglomerate that is one of the world’s largest gold producers. It has been operating in Colombia since 2008 and is the largest foreign investor in the country’s mining sector. In May 2021, the company’s gold mine in Colombia, located in the municipality of Buritica, was the…
Botswana Diamonds, a diamond exploration and project development company, has announced that it has started diamond mining operations in South Africa. The company is exploring for diamonds in the country’s Northern Cape Province, which is renowned for its diamond deposits. Botswana Diamonds has already acquired a number of diamond-bearing properties in the region and is…
The closure of the last zinc smelter in Europe has added to the conundrum of how to meet the rising global demand for zinc. The closure of the French smelter in Salindres in December 2019 has left Europe without an integrated zinc smelter and has put pressure on the global zinc market. Zinc is an…
China’s decision to remove all remaining restrictions on Australian coal imports has been welcomed by the Australian government, which has been seeking to boost trade ties with its largest trading partner. The move was announced on Wednesday by China’s Ministry of Commerce, which said that the restrictions, which had been in place since February, had…
Europe’s first lithium mine has agreed to merge with Sizzle SPAC, a special purpose acquisition company (SPAC), in a deal that will give the mine a market value of $1.4 billion. The deal, which was announced on April 5, 2021, will see the lithium mine, called Bacanora Minerals Ltd., become a publicly traded company. Bacanora…
Alrosa, the world’s top diamond miner, has been hit by US sanctions, leading to a drop in its share price and a warning from the company that it could be forced to delay some of its projects. The US Treasury Department announced on April 15th that it had sanctioned Alrosa and its subsidiaries for their…
Copper prices have been on the rise in recent weeks, buoyed by hopes of improving demand in China, the world’s largest consumer of the metal. The price of copper, a key industrial metal used in the production of everything from electronics to cars, has been on a roller coaster ride in recent months. After hitting…
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…
Lithium miners in China have resumed operations after a government investigation into the industry found no evidence of price fixing or other illegal activities. The investigation, which was launched in August, was prompted by complaints from some of China’s biggest lithium producers that the industry was being manipulated by a few large players. The Chinese…
BHP Billiton, the world’s largest miner, is looking to bypass the lithium boom and invest in copper and nickel projects instead. The company is seeking to diversify its portfolio away from its traditional focus on iron ore and coal, and is looking to explore new opportunities in copper and nickel. The move comes as the…
