The gold mining company Kinross Gold Corporation has announced that its gold mining operations in Russia are unaffected by the sanctions imposed by the United States and its allies on the country. The company said that it is closely monitoring the situation and is in compliance with all applicable laws and regulations. The sanctions, which…
Trafigura, a global commodity trading firm, has garnered notoriety in metal circles, particularly concerning its dealings in the nickel market. The company’s activities and reputation have been the subject of widespread discussion and scrutiny within the industry. This article will delve into Trafigura’s infamous status in the metal market, highlighting the reasons behind its controversial…
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…
First Quantum Minerals is one of the world’s leading copper producers, and the company has been hit hard by the recent strike and lower copper prices. The strike, which began in October 2018, has caused a significant disruption in copper production and has had a major impact on First Quantum’s operations. The strike began when…
The European Union has been actively working to secure its supply of critical minerals, an effort that has been turbocharged in recent years. Critical minerals are those that are essential to the functioning of modern-day economies and are used in a wide range of industries, from electronics to energy. As such, they are vital to…
A new report has found that women in the mining industry still face bullying, discrimination and a lack of career progression opportunities. The report, commissioned by the Minerals Council of Australia, highlights the need for the industry to become more diverse and inclusive. It found that although the mining industry has made progress in recent…
Canada Nickel Company Inc. has reported high nickel recoveries from its Reid Brook nickel-cobalt-copper project located in the central part of the province of Newfoundland and Labrador. The company said that it has achieved nickel recoveries of up to 95% in its initial metallurgical test work. It added that the results have exceeded expectations and…
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…
In 2024, the gold mining industry has experienced a dynamic combination of production growth, rising costs, and geopolitical challenges. The global output of gold saw an approximate 4% increase in the first quarter, setting a new record for mine production. This growth has largely been driven by increased production in Africa and Asia, particularly from…
On Wednesday, the International Council on Mining and Metals (ICMM) announced its decision to abstain from engagement in exploration-related activities within world heritage sites. Instead, the focus will be directed towards ensuring the absence of any net loss of biodiversity at all mining sites. Amidst the ongoing proceedings at the World Economic Forum in Davos,…