In a groundbreaking move set to reshape the global lithium market, Lithium One Metals and Norris Lithium have officially announced their plans to merge, creating a formidable force in the race to meet the soaring demand for lithium, a vital component in renewable energy and electric vehicle (EV) batteries. The merger, which has been in…
In a momentous achievement for the mining industry, BHP, one of the world’s largest diversified resource companies, has reached a significant milestone at its Jansen potash project in Saskatchewan, Canada. The milestone marks a crucial step forward in BHP’s ambitious venture into the potash market, positioning the company to become a major player in the…
Gold has long been considered a safe haven and a store of value during times of economic uncertainty. In recent years, as the global economy has been grappling with the delicate balance between inflation and interest rates, gold has found itself in a sweet spot, offering investors a hedge against both rising inflation and increasing…
Anglo American’s diamond unit, De Beers Group, has recently reported a decline in its financial results, thereby taking some of the sparkle away from the company’s overall performance. This setback comes amidst a challenging period for the diamond industry, which has been grappling with various economic and market factors. The decline in De Beers’ results…
The continued reliance on coal as an energy source has raised concerns about its environmental impact and contribution to climate change. While the detrimental effects of coal on air pollution and greenhouse gas emissions are well-documented, recent studies suggest that increased coal use could also lead to droughts in Asia. This article delves into the…
In a move that could significantly impact the mining industry, Russia is contemplating a new tax policy that would peg the taxation of mining firms to global metals prices. The proposed measure aims to align tax rates with market conditions, ensuring a fair and stable environment for both the government and mining companies. This decision…
The global push towards sustainable transportation has driven the increasing adoption of electric vehicles (EVs). With Europe at the forefront of this transition, the demand for lithium, a vital component in EV batteries, has skyrocketed. Portugal, blessed with significant lithium deposits, has emerged as a potential key player in Europe’s EV revolution. This article explores…
In a strategic move to expand its operations in Africa, Zimbabwean mining company RioZim recently announced the acquisition of a prominent Namibian diamond mine. The deal, which was finalized earlier this week, marks a significant milestone for RioZim and positions the company as a key player in the African diamond industry. The Namibian diamond mine,…
Norway, known for its stunning fjords, rich marine biodiversity, and commitment to environmental conservation, is now considering a groundbreaking step that has sparked both excitement and concern among experts and environmentalists alike. The country is contemplating the possibility of opening a Germany-sized area to deep-sea mining, a move that could have far-reaching consequences for the…
The Australian government’s decision to impose an export ban on aluminum is causing significant disruptions in global markets and has the potential to drive up aluminum prices, leading to potential inflationary pressures. The move is expected to have far-reaching consequences for various industries and economies heavily reliant on aluminum imports from Australia. Australia, one of…