Cluff Gold Company said it signed a memorandum of understanding for a long-term calculated partnership with Samsung C&T Corp, which will start with a US$20 million capability in return for mining equipment gold off-take. The US$20 million will be drawn instantly and go towards the company’s stability sheet, whilst make sure Cluff’s Sega project in…
Zambia, the second-largest copper producer in Africa, has set an ambitious goal to increase its annual copper production to one million tons by 2027. This target represents a substantial 40% increase from current levels. The drive to expand production is fueled by significant new investments in the mining sector and the development of existing mines….
Anglo Asian Mining plc (AIM:AAZ) is a gold, copper and silver producer in Azerbaijan with a broad portfolio of production and exploration assets. The company is the first to bring modern mining practices to the country and is now a major player in the mining industry in Azerbaijan. Anglo Asian has grown its copper footprint…
The global push towards sustainable transportation has driven the increasing adoption of electric vehicles (EVs). With Europe at the forefront of this transition, the demand for lithium, a vital component in EV batteries, has skyrocketed. Portugal, blessed with significant lithium deposits, has emerged as a potential key player in Europe’s EV revolution. This article explores…
BHP, one of the world’s largest mining companies, has announced a trial of renewable diesel fuel at its Yandi iron ore operations in Western Australia. The trial is part of BHP’s commitment to reduce its greenhouse gas emissions intensity by 30% by 2030. The trial will involve the use of renewable diesel fuel in some…
Europe’s first lithium mine has agreed to merge with Sizzle SPAC, a special purpose acquisition company (SPAC), in a deal that will give the mine a market value of $1.4 billion. The deal, which was announced on April 5, 2021, will see the lithium mine, called Bacanora Minerals Ltd., become a publicly traded company. Bacanora…
Anglo Asian Mining, a leading gold, copper, and silver producer in Azerbaijan, has witnessed a significant surge in its stock price following the announcement of a substantial increase in its mineral reserves at the Ugur gold project. The company’s shares soared by more than 15% in response to this positive development, highlighting the market’s optimism…
BHP, a global mining leader, has sounded the alarm about the future of copper supply, highlighting the urgent need for the industry to invest around $250 billion over the next decade to meet surging demand. This rising demand is driven largely by the rapid growth of electric vehicles (EVs) and renewable energy initiatives, which depend…
Uranium mining stocks surged on Tuesday as the United States considers imposing sanctions on Russia’s top uranium supplier, a move that could reduce global supplies of the nuclear fuel and drive up prices. The U.S. Treasury Department is reportedly weighing sanctions on Russia’s state-owned nuclear energy corporation, Rosatom, which supplies about one-third of the world’s…
The Golconda region in India is historically renowned for its diamond mines, which have produced some of the world’s most famous and coveted gems. This region, situated in what is now the modern state of Telangana and parts of Andhra Pradesh, was synonymous with vast wealth and opulence due to its rich diamond deposits. The…