Global Lithium Corporation (GLC) is pleased to announce that its Manna lithium deposit in Australia is expanding. The company recently completed a successful drilling program that has extended the known mineralization of the deposit. The Manna lithium deposit is located in western New South Wales, Australia, and is one of the largest known lithium deposits…
In recent decades, mines have progressively adopted cleaner, safer, and more efficient operations, benefiting from advancements in positioning and orientation technology that facilitate automation and autonomy. Indeed, a 2020 report from Baker McKenzie revealed that the global smart mining market was valued at US$6.8 billion in 2019, with projections anticipating it to reach US$20.31 billion…
Gold prices rose on Friday following the release of mixed signals from the latest U.S. jobs data. The U.S. Labor Department reported that nonfarm payrolls rose by 245,000 in December, beating expectations of a gain of 164,000. However, the unemployment rate rose to 6.7% from 6.7%, and average hourly earnings fell 0.1%. The mixed signals…
The demand for critical minerals such as lithium, cobalt, and rare earth elements is surging, fueled by their crucial roles in clean energy technologies, electric vehicles (EVs), and advanced electronics. This escalating demand has led the mining industry to innovate in both financing and operational practices to ensure sustainable extraction. New financing models are being…
Endeavour Mining Corporation, one of the leading gold producers in West Africa, has announced the discovery of a potential new flagship gold project in the region. The project, located in the Birimian greenstone belt of West Africa, is estimated to contain more than 1 million ounces of gold. According to Endeavour Mining, the project could…
South Africa has been hit by an investment strike, as the country’s largest mining employer, Anglo American, announced that it plans to reduce its investment in the country. The announcement comes as the country continues to grapple with economic issues, including a recession and a high unemployment rate. Anglo American said that it plans to…
South Africa’s antitrust agency said on Wednesday that it was scrutinizing a hostile takeover battle for one of the country’s leading platinum producers, with the regulator aware of the potential impact of a pending transaction on the nation’s broader economy. The Competition Commission of South Africa said that it was looking into a takeover offer…
DeepGreen Metals, a deep-sea mining company specializing in extracting battery metals from the ocean floor, has taken a significant step forward in its mission. Recently, the company secured a substantial cash injection from Swiss investment firm, MetalOil, providing the necessary funds to accelerate its exploration and development efforts. This investment brings DeepGreen one step closer…
Gold is a precious metal that has been recognized for its value since ancient times. It has been used as money, as a medium of exchange, and as a store of value. But despite its long history and its many uses, gold often gets overlooked or “no respect” in comparison to other metals. This is…
The Golconda region in India is historically renowned for its diamond mines, which have produced some of the world’s most famous and coveted gems. This region, situated in what is now the modern state of Telangana and parts of Andhra Pradesh, was synonymous with vast wealth and opulence due to its rich diamond deposits. The…