The gold mining company Kinross Gold Corporation has announced that its gold mining operations in Russia are unaffected by the sanctions imposed by the United States and its allies on the country. The company said that it is closely monitoring the situation and is in compliance with all applicable laws and regulations. The sanctions, which…
A recently identified mineral, named kanatzidisite, was found in the mining dumps of the abandoned Nagybörzsöny gold deposit at Alsó-Rózsa in northern Hungary. Kanatzidisite, belonging to the class of materials known as chalcogenides, has historical usage in copper production and modern applications in catalytic reactions for fuel production, solar cells, and various materials. This novel…
Caterpillar Inc., one of the world’s leading manufacturers of construction and mining equipment, is increasingly looking to the energy transition to drive growth in its mining business. The company is expanding its offerings to include low-emission and zero-emission technologies, such as electric vehicles and renewable energy sources. Caterpillar has already committed to investing more into…
The value of metals is determined by various factors, including rarity, industrial usage, and investment demand. Here are ten of the most precious metals that are mined: Gold: Gold has been highly valued throughout history for its beauty and rarity. It is used in jewelry, electronics, and as an investment. Platinum: Platinum is a dense,…
Frank Timis, the founder of African Minerals, has announced that he is in the process of acquiring the Sierra Leone assets of the now-bankrupt London Mining. The acquisition is being made through Timis’ company, Timis Corporation, which will acquire London Mining’s iron ore assets in Sierra Leone for an undisclosed amount. London Mining had been…
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…
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 major move to protect people and the environment, the Zimbabwean government has banned the use of mercury in mining. The ban, which was announced on April 28, 2020, is part of the country’s efforts to reduce the environmental and health impacts of mercury exposure. Mercury is a highly toxic metal that is used…
Nickel emerged as the weakest performer among the London Metal Exchange’s (LME) base metals last year, primarily due to the anticipation of a significant influx of new nickel supply from Indonesia. According to the International Nickel Study Group, Indonesia’s mined production saw a substantial 29.2% year-on-year increase in the first ten months of 2023. While…
Gold has long been considered a safe haven and a store of value during times of economic uncertainty. In recent years, as the global economy has been grappling with the delicate balance between inflation and interest rates, gold has found itself in a sweet spot, offering investors a hedge against both rising inflation and increasing…