In recent years, the world’s attention has been drawn to the potential of South America to become a major player in the global lithium market. The region is home to some of the world’s most abundant reserves of the light metal, which is used in batteries for electric cars, laptops and other electronic devices. As…
The oil and gas extraction segment produces the petroleum and natural gas that heat homes, fuel cars, and power factories. Petroleum products are also the raw materials for plastics, chemicals, medicines, fertilizers, and synthetic fibers. Petroleum, commonly called crude oil or just oil, is a liquid formed under ground from the decay of plants and…
Barrick Gold Corporation and Reunion Gold Corporation have announced that they will be joining forces to pursue key assets in South America. This move is part of a larger effort by the two companies to expand their presence in the region and capitalize on the vast mineral resources that are available in the area. The…
Rio Tinto and Glencore have resumed merger discussions that, if successful, would result in the creation of the world’s largest mining company. The renewed talks come nearly a year after earlier negotiations between the two mining giants fell apart due to disagreements over valuation, leadership, and asset structure. If a deal is finalized, the combined…
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…
The top minerals mined in the world include a variety of resources critical for industrial and technological applications. Here are ten of the most mined minerals, based on various sources: Coal: The most mined mineral in the world, with significant reserves and production in countries like China, Australia, and Russia. Iron: Essential for steel production,…
China is set to step up its efforts to explore and exploit deep sea mining resources, a move that could have far-reaching implications for the global economy. The Chinese government has long been interested in deep sea mining, with its Ministry of Natural Resources (MNR) announcing in 2018 that it was investing in the development…
Gold mining is a crucial economic activity worldwide, contributing significantly to the development of numerous countries while impacting the global economy. The extraction of gold involves various methods, technologies, and regulations that differ across regions. Key Gold-Producing Countries Methods of Gold Mining Environmental and Social Impact Gold mining has significant environmental impacts, including habitat destruction,…
The Biden Administration is advancing its environmental objectives by pledging that the United States will not construct any new coal plants and will gradually eliminate existing ones. U.S. Special Envoy for Climate John Kerry made this announcement at the annual United Nations climate summit, COP28, held in Dubai, though no specific timeline was provided for…
Endeavour Mining Corporation, a West African gold producer, announced the discovery of a potential new flagship gold project in the country of Côte d’Ivoire. The company said that the project, located in the north-central region of the country, has the potential to be a major gold producer. The announcement follows the company’s recent success in…