The future of the global mining industry is closely connected to the future of the global mining workforce. As the world enters an era of major technological advances, the global mining workforce is increasingly being shaped by the impact of automation, digitalization, and the rise of robotics. Automation is rapidly replacing manual labor in the…
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…
Aluminum production has come under threat as Australian Prime Minister Scott Morrison announced the nation’s ban on exports of alumina, an ingredient of aluminum. The ban, which came in response to Russia’s involvement in the poisoning of opposition figure Alexei Navalny, is likely to have far reaching implications—particularly on production of the light metal and…
Mosaic Co., one of the world’s largest producers of potash fertilizer, has announced plans to reduce production at its Colonsay potash mine in Saskatchewan, Canada. The move is part of a broader strategy to reduce costs and streamline the company’s operations in the face of a challenging market environment. The Colonsay mine is one of…
The transition to electric vehicles (EVs) has the potential to revolutionize the way Americans get around, leading to lower emissions and more efficient transportation options. However, the process of transitioning to EVs is not without its challenges. Mining is one of the most significant obstacles in the road to America’s EV future. Mining is necessary…
USA Rare Earth Stock Surges After U.S. Government Investment Announcement Shares of USA Rare Earth surged sharply after news broke that the U.S. government plans to take an equity stake in the company, marking another major step in Washington’s push to strengthen domestic supply chains for critical minerals. The stock jumped 20% on Monday, extending…
In recent decades, mines have progressively adopted cleaner, safer, and more efficient operations, benefiting from advancements in positioning and orientation technology that facilitate automation and autonomy. Indeed, a 2020 report from Baker McKenzie revealed that the global smart mining market was valued at US$6.8 billion in 2019, with projections anticipating it to reach US$20.31 billion…
In the annals of exploration, there have been discoveries that changed the course of history, and then there were discoveries that changed the course of comedy. Such was the case when a band of intrepid explorers stumbled upon a diamond the size of a football in the depths of a cave that GPS had yet…
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…
In a move that could significantly impact the mining industry, Russia is contemplating a new tax policy that would peg the taxation of mining firms to global metals prices. The proposed measure aims to align tax rates with market conditions, ensuring a fair and stable environment for both the government and mining companies. This decision…