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…
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 competition for mined copper resources is anticipated to increase, posing a challenge to Chinese firms responsible for half of the world’s refined copper production. Despite significant output cuts affecting the metal market, it is unlikely that these cuts will be substantial. Chinese copper producers, primarily state-owned, face pressure to uphold or elevate production targets…
Orla Mining’s exploration results from near-pit drilling at the Camino Rojo gold mine in Mexico suggest the potential for expanding resources and extending the current 10-year mine life, according to the company’s announcement on Thursday. The successful drill program in the proposed layback area near the open-pit mine indicates the possibility of replenishing some of…
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…
Amidst the tumultuous waves of a global pandemic, Russia’s premier gold buyer, the nation’s central bank, has strategically doubled down on its investments in precious metals. As the COVID-19 virus continues to rage across the globe, the central bank’s move reflects a broader trend of seeking stability and hedging against economic uncertainties. Russia’s affinity for…
Zambia, the second-largest copper producer in Africa, has set an ambitious goal to increase its annual copper production to one million tons by 2027. This target represents a substantial 40% increase from current levels. The drive to expand production is fueled by significant new investments in the mining sector and the development of existing mines….
First Quantum Minerals is one of the world’s leading copper producers, and the company has been hit hard by the recent strike and lower copper prices. The strike, which began in October 2018, has caused a significant disruption in copper production and has had a major impact on First Quantum’s operations. The strike began when…
Rio Tinto’s development of the Brockman Syncline 1 iron ore mine in the Pilbara region is a major project aimed at securing the company’s iron ore supply for the future. The mine will play a crucial role in extending the operational life of Rio Tinto’s Brockman area, which is important because the iron ore grades…
Zimbabwe has accused the United States of lying about the use of forced labour in its diamond-mining industry. The US State Department recently released its annual Trafficking in Persons Report, which found that Zimbabwe was using forced labour in its diamond-mining sector. The report said that the country had failed to take adequate steps to…