Anglo Asian Mining, a leading gold, copper, and silver producer in Azerbaijan, has witnessed a significant surge in its stock price following the announcement of a substantial increase in its mineral reserves at the Ugur gold project. The company’s shares soared by more than 15% in response to this positive development, highlighting the market’s optimism…
AngloGold Ashanti, the world’s third-largest gold producer, has announced that it is putting its Crixas gold mine in Brazil up for sale. The company said that the decision to divest the mine was part of its ongoing strategy to focus on its core operations and to reduce its exposure to countries with high political and…
Rio Tinto announced on Wednesday a power purchase agreement to source electricity from a new solar farm in Queensland, as part of its commitment to environmentally sustainable practices for its aluminum operations on the east coast of Australia. The company aims to reduce its direct and indirect emissions by 50% by 2030. Under a 25-year…
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…
China’s massive stimulus talk has done little to boost metals as confidence in the global economy continues to fade. Despite the Chinese government’s announcement of a massive stimulus package, which includes infrastructure spending, tax cuts, and other measures, the market is not reacting positively. China’s stimulus package, which is estimated to be worth around $1.4…
Alrosa, the world’s top diamond miner, has been hit by US sanctions, leading to a drop in its share price and a warning from the company that it could be forced to delay some of its projects. The US Treasury Department announced on April 15th that it had sanctioned Alrosa and its subsidiaries for their…
CorePlan, a Perth-based startup building software for the mining industry, has raised $5 million in a follow-on funding round led by existing investor EVP. The company says the funding will help it grow its global team, expand product features, strengthen regional support, and increase its presence in the Americas, while continuing to scale operations in…
The Ford Motor Company has requested that the United States government speed up the process of granting mining permits. This request comes as part of Ford’s efforts to secure the supply of raw materials needed to build its vehicles. Mining is a critical part of the auto industry as it provides the raw materials needed…
Hutti Gold Mine is one of India’s oldest and most significant gold mines, situated in the Raichur district of Karnataka. Managed by Hutti Gold Mines Company Limited (HGML), a state-owned enterprise, the mine has a rich history dating back to ancient times, with references to gold mining activities in the region during the pre-Mughal 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…
