Opal: Opal has been a mystery for centuries. No two opals look alike. The word “opal” was derived from a Greek word opallos, meaning ‘to see changes of color’. Opal is derived as a precious gemstone which is formed from non-crystalline silica gel. It consists of 6 to 10 per cent water and small silica…
The Ford Motor Company has requested that the United States government speed up the process of granting mining permits. This request comes as part of Ford’s efforts to secure the supply of raw materials needed to build its vehicles. Mining is a critical part of the auto industry as it provides the raw materials needed…
The mining sector is one of the most important economic sectors in the world, accounting for over 10% of global GDP and employing millions of people around the world. As the sector has grown in size and importance, so too has the need for miners to adopt environmental, social, and governance (ESG) and transparency reporting…
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…
Hutti Gold Mine is one of India’s oldest and most significant gold mines, situated in the Raichur district of Karnataka. Managed by Hutti Gold Mines Company Limited (HGML), a state-owned enterprise, the mine has a rich history dating back to ancient times, with references to gold mining activities in the region during the pre-Mughal and…
Gold investment has been surging in recent months, as investors seek out safe havens amid the economic uncertainty created by the coronavirus pandemic. The price of gold has climbed to a seven-year high, and demand for the precious metal has been increasing significantly. Investors are turning to gold as a reliable asset to protect their…
Glencore, one of the world’s largest commodities trading and mining companies, is reportedly mulling offers for its CSA copper mine in Australia. The Swiss-based company is said to be in discussions with several interested parties, including a consortium led by private equity firm EMR Capital. The CSA copper mine, located in Cobar, New South Wales,…
China achieved a record-high in iron ore imports for the year 2023, reflecting a 6.6% increase compared to the previous year, as reported by customs data on Friday. The General Administration of Customs in China disclosed that the total iron ore imports for the year amounted to approximately 1.18 billion metric tons. This milestone marked…
Rock Tech Lithium Inc. and Bilfinger, two prominent players in the energy and industrial sectors, have joined forces to embark on an ambitious project that holds the potential to reshape Europe’s lithium supply chain and bolster its clean energy transition efforts. The collaboration aims to construct Europe’s inaugural lithium refinery, marking a significant milestone in…
The metal ore mining industry segment covers the extraction of metal ores, primarily gold, silver, iron, copper, lead, and zinc. These naturally occurring minerals have a variety of industrial purposes: gold and silver are primarily used in jewelry and high-end electronics, iron is used to produce steel, copper is the main component of electrical wiring,…