The relationship between China and Africa is a complex one, with the two sides traditionally having a symbiotic relationship. In recent years, however, China has been increasingly criticized for its involvement in Africa’s coal industry, with many observers arguing that the country is virtually alone in backing the continent’s coal projects. This article will explore…
Bluestone Resources (TSXV: BSR) witnessed a twofold increase in its shares following Guatemala’s approval of a shift in the Cerro Blanco gold project’s strategy, transitioning from underground to an open-pit operation. The company is also contemplating a potential sale of the project. As of midday Wednesday in Toronto, Bluestone’s stock was trading at C$0.47, placing…
In the rolling hills of California, a new Gold Rush has emerged, but this time, it’s not gold that’s drawing the crowds – it’s diamonds. Yes, the California Diamond Rush is in full swing, with prospectors flocking from all corners of the globe, armed with nothing but their smartphones and designer pickaxes. Imagine a scene…
Amidst the tumultuous waves of a global pandemic, Russia’s premier gold buyer, the nation’s central bank, has strategically doubled down on its investments in precious metals. As the COVID-19 virus continues to rage across the globe, the central bank’s move reflects a broader trend of seeking stability and hedging against economic uncertainties. Russia’s affinity for…
Orla Mining Ltd. has announced its plans to expand its operations into Nevada, USA. The Vancouver-based gold exploration and development company will acquire a portfolio of mineral properties in the state, including the Copper King Project in Elko County. The Copper King Project is located in the prolific Carlin Trend gold district and consists of…
Panama and First Quantum Minerals Ltd. are reportedly close to reaching an agreement to save the Canadian mining company’s Cobre Panama copper mine project. The two sides have been in talks for months over the future of the project, which has been stalled for several years due to a dispute over royalty payments and other…
In 2023, Goliath’s drilling initiative broadened and enhanced the Sure bet and Bonanza Shear zones, uncovering a novel gold-silver zone that introduces the possibility of significant deeper discoveries. Last year, over 34,000 meters of drilling at Golddiggers substantially augmented the dimensions and quality of the Sure bet and Bonanza Shear zones, while introducing the newly…
Rio Tinto and Glencore have resumed merger discussions that, if successful, would result in the creation of the world’s largest mining company. The renewed talks come nearly a year after earlier negotiations between the two mining giants fell apart due to disagreements over valuation, leadership, and asset structure. If a deal is finalized, the combined…
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…
The US debt ceiling is reaching a critical point, according to recent reports, and the Wall Street Journal sees a “copper glow up” in the near future. The debt ceiling, or rather the legal limit Congress has placed on the total debt the US can have at any given time, was set at $22 trillion…