The metal ore mining industry segment covers the extraction of metal ores, primarily gold, silver, iron, copper, lead, and zinc. These naturally occurring minerals have a variety of industrial purposes: gold and silver are primarily used in jewelry and high-end electronics, iron is used to produce steel, copper is the main component of electrical wiring,…
Anglo American’s diamond unit, De Beers Group, has recently reported a decline in its financial results, thereby taking some of the sparkle away from the company’s overall performance. This setback comes amidst a challenging period for the diamond industry, which has been grappling with various economic and market factors. The decline in De Beers’ results…
Teck Resources Ltd. has announced that it will spin off its coal operations into a separate company, to be named Teck Metals Ltd. The new company will focus on the exploration and development of mineral resources, including copper, zinc and lead. Teck Resources is one of the world’s largest producers of metallurgical coal and has…
China, the world’s largest coal producer and consumer, is reportedly considering ending a ban on Australian coal imports amid fears that the ban could cause a shortage of the commodity in the country. The news comes after the Chinese government imposed a ban on Australian coal imports in late 2020, citing “quality and environmental problems”…
A photo captured by Agnico Eagle showcases the Northern Lights above the Meliadine mine in the Kivalliq district of Nunavut. On Thursday, Canada officially handed control of its vast Arctic territory, Nunavut, over its reserves of gold, diamonds, iron, cobalt, and rare earth metals. This action has the potential to stimulate exploration and development in…
In the small town of Black Hawk, Colorado, a battle is brewing over the future of the local mining industry. For years, the town has been home to a thriving gold-mining industry, but now the city council is considering a ban on all forms of extractive mining. If the ban is passed, it would be…
U.S.-listed rare earth stocks jumped on Tuesday after President Donald Trump announced plans to create a strategic reserve for critical minerals. In early trading, Critical Metals climbed more than 10%, USA Rare Earth gained nearly 11%, and MP Materials added around 4%. Energy Fuels rose about 8%, while Idaho Strategic Resources was up over 3%…
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…
Amidst the ongoing violent turmoil in Ecuador, the emerging mining industry envisions a path forward, as both operational mines and upcoming projects are anticipated to proceed as scheduled, bolstered by heightened security measures. Despite residents taking refuge at home due to President Daniel Noboa’s war on drug gangs, mines belonging to Lundin Gold Inc. and…
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…