Dubai, known for its gleaming skyscrapers, luxury shopping, and bustling trade, has been grappling with a dark shadow over its reputation in recent years – the issue of smuggled African gold. Despite its efforts to establish itself as a global hub for legitimate gold trade, reports of illicit gold trafficking from Africa have tarnished Dubai’s…
DeepGreen Metals, a deep-sea mining company specializing in extracting battery metals from the ocean floor, has taken a significant step forward in its mission. Recently, the company secured a substantial cash injection from Swiss investment firm, MetalOil, providing the necessary funds to accelerate its exploration and development efforts. This investment brings DeepGreen one step closer…
In a significant development for the global lithium industry, Tianqi Lithium Australia, a subsidiary of Tianqi Lithium Corporation, has achieved a milestone by producing Australia’s first battery-grade lithium hydroxide. This breakthrough marks a crucial step forward in the production of high-quality lithium compounds needed for the booming electric vehicle (EV) and renewable energy sectors. The…
In recent years, concerns over the ethical and environmental impact of mining have grown, prompting a global push for responsible and sustainable practices within the industry. The issue of “blood metals,” which are minerals extracted from conflict zones or areas with poor labor practices, has particularly gained attention. In response to this mounting awareness, Avalon…
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…