Barrick Gold Corporation, one of the world’s largest gold producers, has announced that its giant South American gold project, Pascua-Lama, is set to become a reality. The project, located on the border of Chile and Argentina, is expected to produce an estimated 17.9 million ounces of gold over its estimated 25-year life. The project is…
Iron ore futures prices declined on Wednesday as weak economic data from China dampened investor sentiment. The benchmark February iron ore on the Singapore Exchange dropped 2.6% to $125.95 per metric ton as of 0728 GMT. Similarly, the most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) concluded daytime trade 0.75% lower at…
The mining industry is an essential part of the global economy, providing the raw materials needed to produce the goods and services that drive the world. As such, it is no surprise that miners in Europe are now turning to electric vehicles to help reduce their environmental impact and improve their efficiency. In a recent…
Caterpillar Inc., one of the world’s leading manufacturers of construction and mining equipment, is increasingly looking to the energy transition to drive growth in its mining business. The company is expanding its offerings to include low-emission and zero-emission technologies, such as electric vehicles and renewable energy sources. Caterpillar has already committed to investing more into…
Golden Minerals, a mining company focused on precious metals exploration and development, has announced the release of the initial resource estimate for its Yoquivo silver-gold project located in Chihuahua, Mexico. The company’s preliminary findings indicate promising mineralization potential, highlighting the project’s significant prospects for future development. The Yoquivo project covers an expansive land package of…
The resurgence of copper mining in recent years, particularly in the United States, has been a boon for the industry. The demand for copper is rising as it is increasingly used in renewable energy sources and electric vehicles, and the production of the metal is keeping up. However, the industry is facing a new challenge:…
Trafigura, a global commodity trading firm, has garnered notoriety in metal circles, particularly concerning its dealings in the nickel market. The company’s activities and reputation have been the subject of widespread discussion and scrutiny within the industry. This article will delve into Trafigura’s infamous status in the metal market, highlighting the reasons behind its controversial…
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…
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”…
Aluminum experienced a rally in London following a report by Politico suggesting that the European Union is contemplating sanctions on Russian aluminum in light of the second anniversary of the invasion of Ukraine. Prices surged by as much as 3.6% on the London Metal Exchange, driven by fresh concerns about the influx of Russian metal…