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…
A recent independent economic impact analysis, commissioned by the Mining Association of British Columbia (MABC), reveals that 16 proposed critical mineral mines in the province hold a pivotal position. These mines represent a near-term investment of C$36 billion, with the potential to generate 300,000 person-years of employment and contribute C$11 billion in tax revenues. 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…
The value of metals is determined by various factors, including rarity, industrial usage, and investment demand. Here are ten of the most precious metals that are mined: Gold: Gold has been highly valued throughout history for its beauty and rarity. It is used in jewelry, electronics, and as an investment. Platinum: Platinum is a dense,…
Nickel’s electric dreams turn into a pricing nightmare : The electric vehicle (EV) market is booming. With the rise of Tesla and other electric car manufacturers, more and more people are looking to make the switch to electric. But as the market grows, so too do the prices of these cars. This has led to…
Metallic Minerals Corp. has signed a production royalty agreement with celebrity miner, Dakota Fred Hurt, that will allow Metallic Minerals Corp. to conduct exploration, development and mining operations on Hurt’s gold claims in the Yukon. The exciting development is expected to boost Metallic Minerals’ presence in the Yukon gold rush. Metallic Minerals will now have…
The resurgence of copper mining in recent years, particularly in the United States, has been a boon for the industry. The demand for copper is rising as it is increasingly used in renewable energy sources and electric vehicles, and the production of the metal is keeping up. However, the industry is facing a new challenge:…
Caterpillar Inc., one of the world’s leading manufacturers of construction and mining equipment, is increasingly looking to the energy transition to drive growth in its mining business. The company is expanding its offerings to include low-emission and zero-emission technologies, such as electric vehicles and renewable energy sources. Caterpillar has already committed to investing more into…
Russia, Congo, and Botswana are three of the world’s leading diamond producers and holders of global diamond reserves. The three countries account for the majority of the world’s diamonds and are responsible for the majority of diamond production and exports. Russia is the world’s largest diamond producer and the largest holder of global diamond reserves….
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)…