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…
On Tuesday, aluminum producer Alcoa (NYSE: AA) officially announced its decision to cease production at the financially unsustainable Kwinana refinery in Western Australia, bringing an end to over six decades of operations. The company attributed the decision to challenging market conditions and the facility’s aging infrastructure, leading to the unfortunate consequence of over 750 employees…
Gold mining consists of the processes and techniques employed in the removal of gold from the ground. Earlier gold was mined using different methods like Panning, cradling, dry blowing, shaft mining, Puddling and dredging. Nowadays open cut mining and underground methods are used for gold mining. Panning is one of the oldest techniques of separating…
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,…
Uranium mining stocks surged on Tuesday as the United States considers imposing sanctions on Russia’s top uranium supplier, a move that could reduce global supplies of the nuclear fuel and drive up prices. The U.S. Treasury Department is reportedly weighing sanctions on Russia’s state-owned nuclear energy corporation, Rosatom, which supplies about one-third of the world’s…
First Quantum Minerals is one of the world’s leading copper producers, and the company has been hit hard by the recent strike and lower copper prices. The strike, which began in October 2018, has caused a significant disruption in copper production and has had a major impact on First Quantum’s operations. The strike began when…
China’s top coal supplier, the China National Coal Group Corporation (China Coal), has switched to more costly auctions in order to secure a stable supply of coal for its customers. The move is part of the company’s efforts to combat the country’s growing energy crisis. China Coal, which is the largest coal producer in the…
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…
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 mining industry in British Columbia has a long and storied history, one which has been intertwined with the development of the province itself. From the discovery of gold in the Cariboo region in the late 19th century, to the emergence of copper and coal mining in the 20th century, mining has been an integral…
