The launch of a major new copper mining project in Chile marks a milestone in one of the world’s most important mining sectors. The $3.5 billion El Teniente project, located in the Andes Mountains, is the largest copper mining project to come online in over two decades. The project is being developed by Codelco, the…
The Biden administration is reportedly holding off on implementing sanctions against Russia that would target the country’s aluminum industry. The sanctions, which were announced by the Trump administration in December 2020, would have imposed restrictions on Russian aluminum producer Rusal, the world’s largest aluminum producer outside of China. The sanctions were intended to punish Russia…
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…
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…
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)…
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,…
On Wednesday, the Panamanian branch of Canadian mining company First Quantum Minerals announced its intention to present the initial stage of its mine conservation plan to government authorities on January 16. This decision follows the closure order issued for its project last year. Due to a ruling by Panama’s highest court, citing the contract as…