Anglo American, one of the world’s largest mining companies, has announced that it will reduce its production targets for coal, iron ore and diamonds in response to challenging market conditions. This is the latest in a series of moves by the company to adjust to the current economic environment, which has seen commodity prices drop…
The diamond trade was left stunned on Tuesday when Signet Jewelers, the world’s largest retailer of diamond jewelry, announced that it would no longer be buying diamonds from Russia. The move, which is unprecedented in the industry, has sent shockwaves through the international diamond market and has left many in the trade scrambling to understand…
Small modular nuclear reactors, such as those developed by Canadian Nuclear Associates (CNA), are an innovative way to generate clean electricity for mining operations. These reactors are designed to be safe, reliable, and cost-effective alternatives to traditional fossil fuel-based power sources. CNA’s reactors are designed to be small, so they can be transported easily and…
Despite a series of announcements by companies scaling back production in response to plunging prices, nickel futures continued their downward trend on the London Metal Exchange. The metal, used in stainless steel and electric-vehicle batteries, has seen a more than 40% decline from a year ago, primarily due to a global surplus. The market has…
Glencore and Trafigura are urging Asian smelters to agree to lower spot prices for the conversion of mined copper into metal this year, challenging the traditional industry benchmarks that are considerably higher, according to three sources familiar with the situation. Traditionally, the industry has relied on annual benchmarks, known as treatment charges (TCs), for contracts…
The Chinese government has recently completed an investigation into the lithium mining industry in the country and has cleared the major lithium miners of any wrongdoing. The investigation was launched after reports emerged in 2020 that some miners were operating without proper permits and failing to comply with safety regulations. The government has now given…
The relationship between China and Africa is a complex one, with the two sides traditionally having a symbiotic relationship. In recent years, however, China has been increasingly criticized for its involvement in Africa’s coal industry, with many observers arguing that the country is virtually alone in backing the continent’s coal projects. This article will explore…
Gold mining was a significant activity in ancient Egyptian civilization, deeply integrated into Egypt’s cultural and religious life. Known as the “golden country,” Egypt was famous for its substantial gold deposits, which were crucial to its economic and ceremonial affairs. The Egyptians began mining gold before 2000 BCE, primarily in the Eastern Desert and Nubia….
Global Lithium Corporation (GLC) is pleased to announce that its Manna lithium deposit in Australia is expanding. The company recently completed a successful drilling program that has extended the known mineralization of the deposit. The Manna lithium deposit is located in western New South Wales, Australia, and is one of the largest known lithium deposits…
Teck Resources Ltd. has announced that it will spin off its coal operations into a separate company, to be named Teck Metals Ltd. The new company will focus on the exploration and development of mineral resources, including copper, zinc and lead. Teck Resources is one of the world’s largest producers of metallurgical coal and has…