The Golconda region in India is historically renowned for its diamond mines, which have produced some of the world’s most famous and coveted gems. This region, situated in what is now the modern state of Telangana and parts of Andhra Pradesh, was synonymous with vast wealth and opulence due to its rich diamond deposits. The…
Anglo American, one of the world’s largest mining companies, has announced that it will reduce its production targets for coal, iron ore and diamonds in response to challenging market conditions. This is the latest in a series of moves by the company to adjust to the current economic environment, which has seen commodity prices drop…
Sirius Minerals, a London-based mining company, has announced a major deal with a major Asian partner that will help it to develop its flagship project in the North York Moors in the UK. The deal, worth an estimated £2.5 billion, will see Sirius Minerals partner with the Japanese trading house Mitsui & Co Ltd to…
Magnesium is the third most used metal, following iron and aluminium. Magnesium derives its name from magnesite, a magnesium carbonate mineral, and this stone in turn is told to owe its name to magnesite dumps found in Magnesia, a region in the antique Greek region of Thessaly. The British chemist Humphry Davy is said to…
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…
China achieved a record-high in iron ore imports for the year 2023, reflecting a 6.6% increase compared to the previous year, as reported by customs data on Friday. The General Administration of Customs in China disclosed that the total iron ore imports for the year amounted to approximately 1.18 billion metric tons. This milestone marked…
China’s massive stimulus talk has done little to boost metals as confidence in the global economy continues to fade. Despite the Chinese government’s announcement of a massive stimulus package, which includes infrastructure spending, tax cuts, and other measures, the market is not reacting positively. China’s stimulus package, which is estimated to be worth around $1.4…
The Chinese consortium CBC, including battery giant CATL, and Bolivia, inked a deal on Wednesday, strengthening their collaboration in one of the world’s largest lithium reserves. As Bolivia aims to enhance its role in the battery production chain with China, President Luiz Arce mentioned that Bolivia could launch a new international tender this month. Arce…
Gold mining is a crucial economic activity worldwide, contributing significantly to the development of numerous countries while impacting the global economy. The extraction of gold involves various methods, technologies, and regulations that differ across regions. Key Gold-Producing Countries Methods of Gold Mining Environmental and Social Impact Gold mining has significant environmental impacts, including habitat destruction,…
The resurgence of copper mining in recent years, particularly in the United States, has been a boon for the industry. The demand for copper is rising as it is increasingly used in renewable energy sources and electric vehicles, and the production of the metal is keeping up. However, the industry is facing a new challenge:…