In this imaginative depiction, King Kong, the iconic giant gorilla, is portrayed in a scenario far removed from his usual role as a fearsome beast. Donning a miner’s helmet equipped with a bright headlamp, he delves into the depths of an underground mine. With his immense strength, he effortlessly breaks through the rock, revealing the…
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…
Endeavour Mining Corporation, one of the leading gold producers in West Africa, has announced the discovery of a potential new flagship gold project in the region. The project, located in the Birimian greenstone belt of West Africa, is estimated to contain more than 1 million ounces of gold. According to Endeavour Mining, the project could…
The US debt ceiling is reaching a critical point, according to recent reports, and the Wall Street Journal sees a “copper glow up” in the near future. The debt ceiling, or rather the legal limit Congress has placed on the total debt the US can have at any given time, was set at $22 trillion…
SQM, the world’s second-largest lithium supplier, is resuming operations in northern Chile following the clearance of roadblocks by local communities, as confirmed by a company representative on Monday. The removal of the final blockades, in place for nearly a week, allows the gradual return to normal operations. Community concerns arose over plans to increase lithium…
DeepGreen Metals, a deep-sea mining company specializing in extracting battery metals from the ocean floor, has taken a significant step forward in its mission. Recently, the company secured a substantial cash injection from Swiss investment firm, MetalOil, providing the necessary funds to accelerate its exploration and development efforts. This investment brings DeepGreen one step closer…
Diverse Range of Minerals – Mining extracts a variety of minerals, including metals (gold, silver, copper), gemstones (diamonds, rubies), industrial minerals (limestone, gypsum), and energy resources (coal, uranium). Oldest Human Industry – Mining dates back over 40,000 years, with early humans extracting materials like flint and ochre for tools and pigments. Global Economic Impact –…
In the small town of Black Hawk, Colorado, a battle is brewing over the future of the local mining industry. For years, the town has been home to a thriving gold-mining industry, but now the city council is considering a ban on all forms of extractive mining. If the ban is passed, it would be…
Orla Mining has entered a definitive agreement to acquire the Musselwhite Gold Mine from Newmont for $810 million (C$1.14 billion) in upfront cash, with an additional $40 million contingent on future gold prices. This transformative acquisition is set to significantly enhance Orla’s gold production and free cash flow, marking a pivotal step in the company’s…
The Golconda region in India is historically renowned for its diamond mines, which have produced some of the world’s most famous and coveted gems. This region, situated in what is now the modern state of Telangana and parts of Andhra Pradesh, was synonymous with vast wealth and opulence due to its rich diamond deposits. The…