Europe’s first lithium mine has agreed to merge with Sizzle SPAC, a special purpose acquisition company (SPAC), in a deal that will give the mine a market value of $1.4 billion. The deal, which was announced on April 5, 2021, will see the lithium mine, called Bacanora Minerals Ltd., become a publicly traded company. Bacanora…
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…
Copper prices have been on the rise in recent weeks, buoyed by hopes of improving demand in China, the world’s largest consumer of the metal. The price of copper, a key industrial metal used in the production of everything from electronics to cars, has been on a roller coaster ride in recent months. After hitting…
China’s top coal supplier, the China National Coal Group Corporation (China Coal), has switched to more costly auctions in order to secure a stable supply of coal for its customers. The move is part of the company’s efforts to combat the country’s growing energy crisis. China Coal, which is the largest coal producer in the…
Lithium miners in China have resumed operations after a government investigation into the industry found no evidence of price fixing or other illegal activities. The investigation, which was launched in August, was prompted by complaints from some of China’s biggest lithium producers that the industry was being manipulated by a few large players. The Chinese…
BHP Billiton, the world’s largest miner, is looking to bypass the lithium boom and invest in copper and nickel projects instead. The company is seeking to diversify its portfolio away from its traditional focus on iron ore and coal, and is looking to explore new opportunities in copper and nickel. The move comes as the…
Mining technology has been advancing at a rapid pace over the past few decades, with new technologies and processes being developed to improve efficiency and safety. As the industry has evolved, so too have the roles and responsibilities of those working in it. This article will explore how mining technology is advancing industry roles, and…
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…
In recent months, China has seen a rise in coal mine accidents as the country pushes for higher production. The increase in accidents comes as the country ramps up coal production and consumption in order to meet its energy needs. China is the world’s largest producer and consumer of coal, and it is estimated that…
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…