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…
Mali, a West African nation with a rich history in gold mining, has been thrust into the spotlight as it grapples with the aftermath of a tragic incident – the collapse of an illegal gold mine. This unfortunate event has not only highlighted the perils associated with clandestine mining activities but has also underscored the…
Nationalization remains a prominent subject in mining discussions. With tightening supply chains and increasing strength in long-term demand drivers, resource-rich nations are striving to secure a larger portion of their mineral wealth. Throughout South America, Africa, and Asia, countries are challenging established norms that enable multinational miners to profit substantially from local resources. Although nationalization…
Mining in Australia dates back to the early 1800s, when explorers discovered vast deposits of minerals and metals in the continent. In the 19th century, the gold rushes of the 1850s and 1860s saw hundreds of thousands of fortune seekers converge on the country in search of wealth. These gold rushes were followed by a…
Ero Copper Corp. (TSX: ERO) announced a new record in copper and gold production for its first quarter of 2021. The company reported a production of 16,943 tonnes of copper and 18,143 ounces of gold, up from the 15,536 tonnes of copper and 16,766 ounces of gold in the prior quarter. The increase in production…
Three miners were killed and two injured in an explosion at a Russian mine in the Kemerovo region on Friday. The incident occurred at the Kiselyovskaya mine, located in the city of Prokopyevsk. The blast occurred at around 11:30 a.m. local time when a methane gas explosion took place at a depth of approximately 500…
China, the world’s largest coal producer and consumer, is reportedly considering ending a ban on Australian coal imports amid fears that the ban could cause a shortage of the commodity in the country. The news comes after the Chinese government imposed a ban on Australian coal imports in late 2020, citing “quality and environmental problems”…
The oil and gas extraction segment produces the petroleum and natural gas that heat homes, fuel cars, and power factories. Petroleum products are also the raw materials for plastics, chemicals, medicines, fertilizers, and synthetic fibers. Petroleum, commonly called crude oil or just oil, is a liquid formed under ground from the decay of plants and…
Opal: Opal has been a mystery for centuries. No two opals look alike. The word “opal” was derived from a Greek word opallos, meaning ‘to see changes of color’. Opal is derived as a precious gemstone which is formed from non-crystalline silica gel. It consists of 6 to 10 per cent water and small silica…
The metal ore mining industry segment covers the extraction of metal ores, primarily gold, silver, iron, copper, lead, and zinc. These naturally occurring minerals have a variety of industrial purposes: gold and silver are primarily used in jewelry and high-end electronics, iron is used to produce steel, copper is the main component of electrical wiring,…