DiamondCorp Plc, a London-based diamond mining company, saw its shares surge today following news that it had secured funding for its Lace mine in South Africa. The news sent the company’s stock up nearly 10 percent in early trading, as investors responded positively to the news. The Lace mine, located in the Free State province…
The process of mining the earth and finding the metals, minerals, etc and again making the earth to return back to its original state consists of different steps. Generally, mining techniques can be broadly classified into two types, they are Surface Mining and Underground Mining. In pre-historic period, when the people had found metals like…
Gold plunged to its lowest since April 2020 on Thursday amid expectations of more aggressive interest rate hikes by the Federal Reserve despite a fresh round of mixed data on the US economy. Spot gold dipped 0.4% to $1,688.24 per ounce by 11:50 a.m. ET, having already fallen below the $1,700 mark earlier in the…
China achieved a record-high in iron ore imports for the year 2023, reflecting a 6.6% increase compared to the previous year, as reported by customs data on Friday. The General Administration of Customs in China disclosed that the total iron ore imports for the year amounted to approximately 1.18 billion metric tons. This milestone marked…
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…
Orla Mining has entered a definitive agreement to acquire the Musselwhite Gold Mine from Newmont for $810 million (C$1.14 billion) in upfront cash, with an additional $40 million contingent on future gold prices. This transformative acquisition is set to significantly enhance Orla’s gold production and free cash flow, marking a pivotal step in the company’s…
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…
The transition to electric vehicles (EVs) has the potential to revolutionize the way Americans get around, leading to lower emissions and more efficient transportation options. However, the process of transitioning to EVs is not without its challenges. Mining is one of the most significant obstacles in the road to America’s EV future. Mining is necessary…
Trafigura, a global commodity trading firm, has garnered notoriety in metal circles, particularly concerning its dealings in the nickel market. The company’s activities and reputation have been the subject of widespread discussion and scrutiny within the industry. This article will delve into Trafigura’s infamous status in the metal market, highlighting the reasons behind its controversial…
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…