Iron ore prices have surged to their highest level in six months, as China plans to introduce more stimulus measures to boost economic growth. The price of iron ore, the key ingredient in steel production, rose to $90.70 a tonne on Monday, the highest level since early October 2019. The surge was driven by reports…
Canada Nickel Company Inc. has reported high nickel recoveries from its Reid Brook nickel-cobalt-copper project located in the central part of the province of Newfoundland and Labrador. The company said that it has achieved nickel recoveries of up to 95% in its initial metallurgical test work. It added that the results have exceeded expectations and…
Governments around the world are increasingly focusing on electrification initiatives to combat climate change, but the mining sector is often overlooked in these efforts. Despite being an essential part of the global energy mix, mining is often overlooked in electrification initiatives. Mining is a vital part of the global economy, and it is essential for…
Gold investment has been surging in recent months, as investors seek out safe havens amid the economic uncertainty created by the coronavirus pandemic. The price of gold has climbed to a seven-year high, and demand for the precious metal has been increasing significantly. Investors are turning to gold as a reliable asset to protect their…
AI and digital twins for mining is an innovative combination of technologies that enable mining organizations to achieve improved operations and strategic decision-making. By using AI and digital twins, miners can collect and analyze data to gain insights into their operations, simulate performance and identify potential risks. AI and digital twins can be used to…
Iron ore prices rose on Monday after data showed a surprisingly robust pick-up in activity in China’s manufacturing sector and as steel demand outlooks remain bullish. The benchmark 62 percent grade of iron ore for delivery to China SH-CCN-IRNOR62 rose as much as 4.5 percent to $99.80 a tonne, its highest level since October 26,…
The Chinese government has recently completed an investigation into the lithium mining industry in the country and has cleared the major lithium miners of any wrongdoing. The investigation was launched after reports emerged in 2020 that some miners were operating without proper permits and failing to comply with safety regulations. The government has now given…
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 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…
A new report has found that women in the mining industry still face bullying, discrimination and a lack of career progression opportunities. The report, commissioned by the Minerals Council of Australia, highlights the need for the industry to become more diverse and inclusive. It found that although the mining industry has made progress in recent…