The arrival of Australian coal in the Chinese market has been a long time coming, with the market already oversupplied and demand for coal decreasing. This has made it difficult for Australian coal to compete with the cheaper, higher quality coal from other countries. However, the recent arrival of Australian coal in the Chinese market…
Electra, a Canadian-based mining and metals company, announced that it has begun talks with the government of Quebec about the possibility of building a second cobalt refinery in the province. The new facility could be located in the Saguenay-Lac-St-Jean region, and would be used to process cobalt ore mined from the company’s nearby Lac des…
Panama and First Quantum Minerals Ltd. are reportedly close to reaching an agreement to save the Canadian mining company’s Cobre Panama copper mine project. The two sides have been in talks for months over the future of the project, which has been stalled for several years due to a dispute over royalty payments and other…
The coal mining industry segment produces coal, a fossil fuel that is used primarily for electric power generation and in the production of steel. Like oil, coal is formed over millions of years from plant and animal matter, but unlike oil, coal is a solid, and therefore miners must go into the earth to recover…
The future of the global mining industry is closely connected to the future of the global mining workforce. As the world enters an era of major technological advances, the global mining workforce is increasingly being shaped by the impact of automation, digitalization, and the rise of robotics. Automation is rapidly replacing manual labor in the…
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….
Mining is an essential industry, supplying crucial raw materials for various sectors, including construction, manufacturing, and technology. Here are some of the top mining destinations globally, known for their rich mineral deposits and significant contributions to the global mining sector: These leading mining destinations are vital to the global supply of essential minerals and metals,…
Magnesium is the third most used metal, following iron and aluminium. Magnesium derives its name from magnesite, a magnesium carbonate mineral, and this stone in turn is told to owe its name to magnesite dumps found in Magnesia, a region in the antique Greek region of Thessaly. The British chemist Humphry Davy is said to…
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…
The OPEC-Russia oil deal, announced on December 10, 2016, has renewed the threat posed by Canadian oil sands to the global oil market. The deal, which was brokered between the Organization of the Petroleum Exporting Countries (OPEC) and Russia, calls for both countries to cut their oil production by 1.2 million barrels per day (bpd)…