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…
The closure of the last zinc smelter in Europe has added to the conundrum of how to meet the rising global demand for zinc. The closure of the French smelter in Salindres in December 2019 has left Europe without an integrated zinc smelter and has put pressure on the global zinc market. Zinc is an…
Nationalization remains a prominent subject in mining discussions. With tightening supply chains and increasing strength in long-term demand drivers, resource-rich nations are striving to secure a larger portion of their mineral wealth. Throughout South America, Africa, and Asia, countries are challenging established norms that enable multinational miners to profit substantially from local resources. Although nationalization…
Copper prices have been on the rise in recent weeks, buoyed by hopes of improving demand in China, the world’s largest consumer of the metal. The price of copper, a key industrial metal used in the production of everything from electronics to cars, has been on a roller coaster ride in recent months. After hitting…
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…
South African miner Sibanye-Stillwater has extended its reach into Australia with the acquisition of a 19.9% stake in Australian zinc miner, Votorantim Metais Zincar SA. The acquisition was made through a subsidiary, Sibanye-Stillwater Australia, and is part of the company’s strategy to diversify its portfolio and expand its presence in the global zinc market. Votorantim…
Zimbabwe has accused the United States of lying about the use of forced labour in its diamond-mining industry. The US State Department recently released its annual Trafficking in Persons Report, which found that Zimbabwe was using forced labour in its diamond-mining sector. The report said that the country had failed to take adequate steps to…
Brazil’s government has recently announced a significant measure to enhance transparency and combat tax evasion in the gold market. Starting January 1, 2024, the country will require the use of electronic tax receipts for all transactions involving the buying and selling of gold. This move is part of Brazil’s broader efforts to modernize its tax…
Many mining companies are following the following steps to extract gold from the earth surface. As technology improves more and more mining techniques are being discovered to make the work simple. Literature Survey: In India lot of government agencies are taking out verification surveys on gold mining. Among those agencies there are two main agencies….
Saudi Arabia has increased its projections for untapped mineral resources, encompassing phosphate, gold, and rare earths, to $2.5 trillion, a significant upward revision from the 2016 forecast of $1.3 trillion, as indicated by the country’s mining minister. This reflects Riyadh’s strategic emphasis on diversifying its economy away from oil dependence, with a focus on harnessing…