In recent years, Brazil has seen a sharp increase in illegal gold mining activities, leading to a range of environmental, economic, and social issues. The Brazilian government has been struggling to crack down on these activities, but has been hindered by a lack of effective tools and resources. However, a new tool developed by researchers…
Frank Timis, the founder of African Minerals, has announced that he is in the process of acquiring the Sierra Leone assets of the now-bankrupt London Mining. The acquisition is being made through Timis’ company, Timis Corporation, which will acquire London Mining’s iron ore assets in Sierra Leone for an undisclosed amount. London Mining had been…
Glencore and Metals Acquisition LLC have amended their original agreement to finalize the sale of the CSA copper mine in Cobar, New South Wales, Australia. In June 2019, Glencore announced its sale of a majority stake in the CSA copper mine, based in Cobar, New South Wales, Australia, to Metals Acquisition LLC—a company formed by…
Gold mining company Polymetal International announced on Monday its plan to sell its entire Russian mining operation for $3.69 billion, aiming to completely withdraw from the Russian Federation due to the risks of Western sanctions and potential nationalization by Putin’s government. Subject to shareholder approval, Polymetal intends to sell its Russian business to JSC Mangazeya…
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,…
Lithium Americas Corp. (TSX:LAC) (NYSE:LAC) is expanding the resource at its Thacker Pass lithium project in Nevada, USA, and is awaiting a final permit decision from the state of Nevada. The company announced that it has completed a preliminary economic assessment (PEA) for the project, which shows that the Thacker Pass project has the potential…
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…
Botswana and the mining company De Beers have announced a new diamond sales deal. This agreement, finalized on Friday, grants Botswana a larger share of rough diamonds from their joint venture. Debswana, a joint venture between De Beers, a unit of Anglo American, and the Botswana government, sells 75% of its output to De Beers,…
A recent independent economic impact analysis, commissioned by the Mining Association of British Columbia (MABC), reveals that 16 proposed critical mineral mines in the province hold a pivotal position. These mines represent a near-term investment of C$36 billion, with the potential to generate 300,000 person-years of employment and contribute C$11 billion in tax revenues. In…
Gold mining is a crucial economic activity worldwide, contributing significantly to the development of numerous countries while impacting the global economy. The extraction of gold involves various methods, technologies, and regulations that differ across regions. Key Gold-Producing Countries Methods of Gold Mining Environmental and Social Impact Gold mining has significant environmental impacts, including habitat destruction,…