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…
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…
A significant environmental concern has arisen in South Africa as a large methane leak has been detected over a coal mining region. This development raises alarms about the potent greenhouse gas emissions associated with coal mining and highlights the urgent need for stricter regulations and sustainable energy alternatives. The coal mining region in question is…
The anticipation of a remarkable coal mining jobs boom has encountered a substantial delay, eliciting discussions and concerns about the future of the coal industry and its broader economic implications. This delay can be attributed to a confluence of factors, ranging from global shifts in energy preferences to environmental regulations and technological advancements. For decades,…
Global Lithium, a leading mining company specializing in the extraction of lithium resources, has recently announced significant extensions to its Manna deposit located in Australia. This breakthrough development underscores the company’s dedication to meeting the growing global demand for lithium, a crucial element powering the rapidly expanding electric vehicle (EV) market and renewable energy sector….
In recent times, the copper mining industry has found itself on a rollercoaster ride, with the price of this essential metal experiencing a significant decline. Often referred to as “OPEC on crack,” copper mining’s resemblance to the petroleum cartel’s influence over oil prices is striking, but the reasons behind the recent price fall are more…
The Metals Company, formerly known as DeepGreen Metals Inc., has rekindled the race to mine the ocean floor, sparking a renewed debate over the environmental and economic implications of deep-sea mining. The company’s ambitious venture aims to extract valuable metals and minerals from the depths of the ocean, but it has ignited concerns about the…
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 a significant development for the mining industry, the Responsible Copper Mining Framework, which has gained traction in recent years, is being extended to encompass the extraction of nickel, zinc, and molybdenum. This expansion marks a critical step forward in promoting responsible and sustainable practices within the resource extraction sector, addressing environmental, social, and economic…
The recent approval of the Pan American Silver-Yamana Gold deal by Mexican authorities has attracted attention within the mining industry and financial markets. The deal involves the acquisition of the Mercedes gold-silver mine in Mexico by Pan American Silver Corp. from Yamana Gold Inc. This development holds implications for the companies involved, the local economy,…
