In the past year, Germany marked a significant environmental achievement by attaining a 70-year low in emissions. This milestone, notable for the largest economy in Europe, is primarily credited to a substantial decrease in reliance on coal, indicating a transformative change in the country’s energy framework. The decrease in emissions wasn’t limited to the energy…
BHP, one of the world’s largest mining companies, has announced a trial of renewable diesel fuel at its Yandi iron ore operations in Western Australia. The trial is part of BHP’s commitment to reduce its greenhouse gas emissions intensity by 30% by 2030. The trial will involve the use of renewable diesel fuel in some…
When the world’s leading gold mining companies by market value are focusing on copper projects, it might indicate a problem with gold’s appeal. This week, the price of gold reached a new record high, exceeding $2,100 per ounce, driven by expectations of lower US interest rates and strong demand from Chinese households. However, major mining…
In response to the increasing need for stronger environmental protection in the mining sector, the Colombian government has developed new regulations for mining title applications. These regulations require applicants to provide detailed information about the environmental impacts of their proposed operations, and to demonstrate that they have taken steps to mitigate any potential harm to…
Europe’s first lithium mine has agreed to merge with Sizzle SPAC, a special purpose acquisition company (SPAC), in a deal that will give the mine a market value of $1.4 billion. The deal, which was announced on April 5, 2021, will see the lithium mine, called Bacanora Minerals Ltd., become a publicly traded company. Bacanora…
Hutti Gold Mine is one of India’s oldest and most significant gold mines, situated in the Raichur district of Karnataka. Managed by Hutti Gold Mines Company Limited (HGML), a state-owned enterprise, the mine has a rich history dating back to ancient times, with references to gold mining activities in the region during the pre-Mughal and…
Uranium mining stocks rose on Thursday after the United States government announced it was considering imposing sanctions on Russia’s state-controlled nuclear energy company, Rosatom, in response to the country’s alleged interference in the 2020 presidential election. The news sent uranium mining stocks higher as investors bet that the potential sanctions would limit Russia’s ability to…
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…
The oil and gas extraction segment produces the petroleum and natural gas that heat homes, fuel cars, and power factories. Petroleum products are also the raw materials for plastics, chemicals, medicines, fertilizers, and synthetic fibers. Petroleum, commonly called crude oil or just oil, is a liquid formed under ground from the decay of plants and…
In a major move to protect people and the environment, the Zimbabwean government has banned the use of mercury in mining. The ban, which was announced on April 28, 2020, is part of the country’s efforts to reduce the environmental and health impacts of mercury exposure. Mercury is a highly toxic metal that is used…