Endeavour Mining Corporation, a West African gold producer, announced the discovery of a potential new flagship gold project in the country of Côte d’Ivoire. The company said that the project, located in the north-central region of the country, has the potential to be a major gold producer. The announcement follows the company’s recent success in…
Sibanye Stillwater Ltd. experienced a significant downturn last year, reporting a $2 billion loss due to an impairment charge against its US palladium mine. This marked a sharp contrast from the previous year when the miner posted a $1.1 billion profit. The company’s shares dropped as much as 7.4% in Johannesburg trading following the announcement….
Despite a series of announcements by companies scaling back production in response to plunging prices, nickel futures continued their downward trend on the London Metal Exchange. The metal, used in stainless steel and electric-vehicle batteries, has seen a more than 40% decline from a year ago, primarily due to a global surplus. The market has…
Patriot Battery Metals, a prominent player in the mining and metals industry, has announced a significant extension of the Corvette lithium deposit located in Quebec. This development marks a crucial milestone not only for the company but also for the growing demand for lithium, a vital component in batteries used for electric vehicles (EVs) and…
In 2024, the coal mining industry finds itself at a critical juncture, balancing economic pressures, evolving technology, and intensifying environmental concerns. Despite being a key energy source for many nations, coal’s long-term viability is under increasing scrutiny as the world transitions toward cleaner, more sustainable energy solutions. Below is an in-depth look at the key…
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…
The United Nations’ statement at the COP26 (26th UN Climate Change Conference of the Parties) regarding mining has sparked significant attention and debate. The statement, “Enough of mining…we are digging our own graves,” reflects growing concerns about the environmental and social impacts of mining activities. This article will elaborate on the context and implications of…
The diamond trade was left stunned on Tuesday when Signet Jewelers, the world’s largest retailer of diamond jewelry, announced that it would no longer be buying diamonds from Russia. The move, which is unprecedented in the industry, has sent shockwaves through the international diamond market and has left many in the trade scrambling to understand…
Iron ore prices have surged to their highest level in six months, as China plans to introduce more stimulus measures to boost economic growth. The price of iron ore, the key ingredient in steel production, rose to $90.70 a tonne on Monday, the highest level since early October 2019. The surge was driven by reports…
Former executives from Fortescue’s clean energy initiatives, Michael Masterman and Bart Kolodziejczyk, have initiated a startup focused on reducing carbon emissions in the Australian iron ore sector. Notably, their approach differs from the hydrogen and membrane technology endorsed by their previous employer. Having secured $10 million in seed funding this week, primarily from venture capital…
