Toronto Stock Exchange (TSX) CEO Lou Eccleston has said that mining firms are likely to lead capital raisings in Canada in the near future. In an interview with Bloomberg TV Canada, Eccleston said that the TSX is seeing a lot of exploration activity, particularly in precious metals and base metals. He noted that many companies…
Cyanide is widely used in modern gold mining as a cost-effective and efficient method to extract gold from low-grade ore. The process is known as cyanidation or the cyanide leaching process and has been the dominant gold extraction method for over a century. How Cyanide is Used in Gold Mining Crushing & Grinding – The…
Copper prices have been on the rise in recent weeks, buoyed by hopes of improving demand in China, the world’s largest consumer of the metal. The price of copper, a key industrial metal used in the production of everything from electronics to cars, has been on a roller coaster ride in recent months. After hitting…
The arrival of Australian coal in the Chinese market has been a long time coming, with the market already oversupplied and demand for coal decreasing. This has made it difficult for Australian coal to compete with the cheaper, higher quality coal from other countries. However, the recent arrival of Australian coal in the Chinese market…
The gold mining company Kinross Gold Corporation has announced that its gold mining operations in Russia are unaffected by the sanctions imposed by the United States and its allies on the country. The company said that it is closely monitoring the situation and is in compliance with all applicable laws and regulations. The sanctions, which…
Gold prices recovered on Thursday after the European Central Bank (ECB) raised interest rates higher than expected. The ECB increased its deposit rate by 10 basis points to -0.40 percent, a move that was widely expected by economists. The central bank also announced that it would begin to reduce its bond-buying program, known as quantitative…
Orla Mining’s exploration results from near-pit drilling at the Camino Rojo gold mine in Mexico suggest the potential for expanding resources and extending the current 10-year mine life, according to the company’s announcement on Thursday. The successful drill program in the proposed layback area near the open-pit mine indicates the possibility of replenishing some of…
Anglo Asian Mining PLC (AIM:AAZ) is back in the black after the company reported a pre-tax profit of $3.5 million for the six months ended 30 June 2017. The turnaround was driven by a doubling of copper production and a surge in gold sales. The London-listed company, which operates the Gedabek gold, copper and silver…
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…
In a major move to protect people and the environment, the Zimbabwean government has banned the use of mercury in mining. The ban, which was announced on April 28, 2020, is part of the country’s efforts to reduce the environmental and health impacts of mercury exposure. Mercury is a highly toxic metal that is used…