The Ford Motor Company has requested that the United States government speed up the process of granting mining permits. This request comes as part of Ford’s efforts to secure the supply of raw materials needed to build its vehicles. Mining is a critical part of the auto industry as it provides the raw materials needed…
The mining industry is an essential part of the global economy, providing the raw materials needed to produce the goods and services that drive the world. As such, it is no surprise that miners in Europe are now turning to electric vehicles to help reduce their environmental impact and improve their efficiency. In a recent…
In recent times, the global copper market has been undergoing a significant shift, marked by the emergence of a supply-demand imbalance that has led to what experts are terming an “age of extremely large deficits.” This development has far-reaching implications for various industries and economies around the world, given copper’s indispensable role as a foundational…
The OPEC-Russia oil deal, announced on December 10, 2016, has renewed the threat posed by Canadian oil sands to the global oil market. The deal, which was brokered between the Organization of the Petroleum Exporting Countries (OPEC) and Russia, calls for both countries to cut their oil production by 1.2 million barrels per day (bpd)…
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…
On Friday, Chile’s state-owned Codelco, the largest global copper producer, announced the successful negotiation of a new contract with the union representing supervisors in its Chuquicamata division. The agreement, impacting 658 individuals, incorporates incentives tied to goal achievement and enhanced productivity, according to the company’s statement. While the financial details remain undisclosed, the contract spans…
In an exciting development for the Brazilian mining industry, Serra Verde has announced the commencement of the commissioning process for its highly anticipated rare earths mine. This milestone marks a significant step forward in Brazil’s ambitions to tap into its vast reserves of rare earth minerals and reduce its dependency on foreign imports. The Serra…
Lithium Americas Corporation, a leading global lithium producer and developer, has announced its plans to restart its Cauchari-Olaroz lithium project in Argentina. The project is located in the Jujuy province of the country and is one of the world’s largest and highest-grade lithium brine deposits. The project was suspended in 2018 due to a lack…
Hecla Mining Company (NYSE: HL) recently announced its acquisition of Alexco Resource Corp. (NYSE American: AXU) in an all-stock transaction valued at approximately $152 million. The acquisition will add Alexco’s high-grade silver and gold assets to Hecla’s portfolio. Hecla Mining is a leading silver and gold producer with operations in the United States and Canada….
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…
