Swiss mining giant Glencore has signaled that it remains open to pursuing major acquisitions, even after its massive $260 billion merger discussions with Rio Tinto recently fell apart. Speaking publicly for the first time since the collapse of the talks, CEO Gary Nagle said the company is still interested in large-scale consolidation deals. According to…
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…
A photo captured by Agnico Eagle showcases the Northern Lights above the Meliadine mine in the Kivalliq district of Nunavut. On Thursday, Canada officially handed control of its vast Arctic territory, Nunavut, over its reserves of gold, diamonds, iron, cobalt, and rare earth metals. This action has the potential to stimulate exploration and development in…
Anglo American’s diamond unit, De Beers Group, has recently reported a decline in its financial results, thereby taking some of the sparkle away from the company’s overall performance. This setback comes amidst a challenging period for the diamond industry, which has been grappling with various economic and market factors. The decline in De Beers’ results…
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…
Orla Mining Ltd. has announced its plans to expand its operations into Nevada, USA. The Vancouver-based gold exploration and development company will acquire a portfolio of mineral properties in the state, including the Copper King Project in Elko County. The Copper King Project is located in the prolific Carlin Trend gold district and consists of…
Anglo Asian Mining plc, a gold, copper and silver producer with operations in Azerbaijan, announced that it had returned to profitability in the six months to June 30th 2019. The company reported a pre-tax profit of $1.5 million, compared to a loss of $1.2 million in the same period last year. The company attributed its…
South African stocks rose on Friday as demand for safe-haven investments increased amid rising worries about global economic growth. Gold mining companies and other gold-related stocks were the biggest beneficiaries as gold prices gained amid increased risk-off sentiment. Investment holding companies were also among the top gainers, with investors seeking refuge in these companies’ assets,…
Europe’s Green Deal is a comprehensive and ambitious plan aimed at transforming the continent into a climate-neutral and sustainable society by 2050. At the core of this initiative is a shift towards renewable energy, electric mobility, and the reduction of greenhouse gas emissions. However, the path to achieving these goals faces a significant roadblock –…
Dubai, known for its gleaming skyscrapers, luxury shopping, and bustling trade, has been grappling with a dark shadow over its reputation in recent years – the issue of smuggled African gold. Despite its efforts to establish itself as a global hub for legitimate gold trade, reports of illicit gold trafficking from Africa have tarnished Dubai’s…