Anglo Asian Mining plc (AIM:AAZ), the gold, copper and silver producer with operations in Azerbaijan, has announced that it has made another strategic investment in Libero Copper Corporation (TSXV:LBC). The London-listed miner has purchased an additional 4.3 million common shares of Libero at a price of CAD$0.45 per share, through a private placement. The total…
Platinum: Platinum is a material which is very rare and the cost of gold is double than gold. In igneous rocks platinum is formed and these rocks also have iron and magnesium. Along with other materials like copper and gold, Platinum is also found in thin layers. Using surface and underground Platinum is mined. Due…
On April 30th, 2020, the Perth-based mining company Essential Metals Ltd (Essential Metals) rejected a takeover bid from Tianqi Lithium Corporation (Tianqi Lithium) and IGO Ltd (IGO). The bid sought to acquire all of Essential Metals’ shares at a price of $0.082 per share. Essential Metals is an exploration and development company that is focused…
The coal mining industry segment produces coal, a fossil fuel that is used primarily for electric power generation and in the production of steel. Like oil, coal is formed over millions of years from plant and animal matter, but unlike oil, coal is a solid, and therefore miners must go into the earth to recover…
On April 6, 2021, the government of Colombia issued an order to Anglo American, a multinational mining company, to clean up a toxic coal spill in the Santurban region of the country. The spill had occurred in late March, when a coal slurry, a byproduct of coal mining, had leaked from a storage tank and…
Aluminum experienced a rally in London following a report by Politico suggesting that the European Union is contemplating sanctions on Russian aluminum in light of the second anniversary of the invasion of Ukraine. Prices surged by as much as 3.6% on the London Metal Exchange, driven by fresh concerns about the influx of Russian metal…
In recent developments, the mining industry is witnessing significant changes driven by advancements in technology and a growing emphasis on sustainability. These trends reflect a broader shift in the mining industry towards greater efficiency, sustainability, and responsibility, as companies adapt to new challenges and opportunities in the global market.
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…
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…
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…