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A recent study suggests that the establishment of new critical mineral mines in British Columbia has the potential to generate approximately $600 billion.

A recent independent economic impact analysis, commissioned by the Mining Association of British Columbia (MABC), reveals that 16 proposed critical mineral mines in the province hold a pivotal position. These mines represent a near-term investment of C$36 billion, with the potential to generate 300,000 person-years of employment and contribute C$11 billion in tax revenues. In…

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The Journey Toward Autonomy in Mining

In recent decades, mines have progressively adopted cleaner, safer, and more efficient operations, benefiting from advancements in positioning and orientation technology that facilitate automation and autonomy. Indeed, a 2020 report from Baker McKenzie revealed that the global smart mining market was valued at US$6.8 billion in 2019, with projections anticipating it to reach US$20.31 billion…

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mining

The global copper market is entering an age of extremely large deficits :

In recent times, the global copper market has been undergoing a significant shift, marked by the emergence of a supply-demand imbalance that has led to what experts are terming an “age of extremely large deficits.” This development has far-reaching implications for various industries and economies around the world, given copper’s indispensable role as a foundational…

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coal-mining

New South Wales green lights Maxwell coal mine :

In a move that has sparked both praise and controversy, the state government of New South Wales (NSW) has given the green light for the development of the Maxwell coal mine. The decision comes after months of heated debates among environmentalists, industry representatives, and local communities, highlighting the ongoing tension between economic interests and environmental…

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1mining

Russia’s top gold buyer bets on precious metals as virus rages :

Amidst the tumultuous waves of a global pandemic, Russia’s premier gold buyer, the nation’s central bank, has strategically doubled down on its investments in precious metals. As the COVID-19 virus continues to rage across the globe, the central bank’s move reflects a broader trend of seeking stability and hedging against economic uncertainties. Russia’s affinity for…

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lithium-mining

Rock Tech, Bilfinger to build Europe’s first lithium refinery :

Rock Tech Lithium Inc. and Bilfinger, two prominent players in the energy and industrial sectors, have joined forces to embark on an ambitious project that holds the potential to reshape Europe’s lithium supply chain and bolster its clean energy transition efforts. The collaboration aims to construct Europe’s inaugural lithium refinery, marking a significant milestone in…

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