Mining Services
The Investor Guide on How to Interpret Drill Results
If you want to achieve a high success rate as a natural resource investor, then you must have the ability to accurately interpret drill results. This is something that few retail investors are capable of doing and therefore is a simple way of getting the upper …
Glencore´s copper smelter in Australia to be operating beyond 2022
Glencore will spend A $ 500 million ($ 356 million) to extend the life of its copper smelter and refinery in the Australian state of Queensland beyond 2022 after reaching a funding agreement with the state government, both parties said Wednesday. The global …
Copper production declines on a world-wide level
World copper mine production decreased 1% in the first half of 2020, with concentrate production decreased 1.2% and solvent extraction electrowinning (SX-EW) decreased 0.4%, the International Copper Study Group said. "Global mine production declined by an …
Gold production to decrease 1.7% in 2020
The cessation of mining activities due to the Covid-19 outbreak in the second quarter of this year will result in a 1.7% decline in global gold production in 2020, according to GlobalData. According to the data and analytics firm, all of the world's top gold …
America will be helping Colombia to develop its mining industry
US Secretary of State Mike Pompeo announced that his office will launch a program to provide technical assistance for the development of Colombia's mining industry. During a recent visit to the South American country, Pompeo said the proposal will be …
Mining Dams in Brazil are still not safe to operate
Despite two major fatal mining accidents since 2015, Vale (NYSE: VALE) has still failed to meet some security pledges signed with authorities to prevent a third disaster, a Brazilian federal prosecutor told Reuters. Vale continues to operate 29 dams for mining …
Gold mining companies still hesitant to increase production
The world's leading gold mines are declining after Covid-19-related shutdowns despite record prices for the yellow metal, with cost-conscious executives prioritizing investor returns over production growth. Gold prices have soared 30 percent to about $ 2,000 …
New WebGen System Saves Brazilian Mine Almost $ 2M
In a single blast, Orica's WebGen initiation system helped the Nexa Vazante underground mine in Brazil reduce ore dilution from 27% to 20% - saving operations of $ 1.59 million. Orica said that the first blast at the Nexa Reseouyrces Vazante mine achieved a …
Newmont rumors cause Orosur shares to soar
Orosur Mining Inc. \\\[OMI-TSX, AIM\\\] shares rallied Thursday, September 3, after the company said it was informed that Newmont Goldcorp Corp. \\\[NGT-TSX; NEM-NYSE\\\] will continue to exercise its rights under an option agreement for the Anza Project in …
Tesla supports private miners' initiative in the Congo
Tesla Inc. is sponsoring a new initiative to help informal cobalt miners in the Democratic Republic of the Congo as automakers and miners try to reassure customers about ethical supplies of the battery metal from the mining industry. The company joined the …