July 25, 2023

Indian gold miners soaring to a 15-year high

The stock price of Deccan Gold Mines Ltd. in India has risen to its highest level since 2008, after the company encountered difficulties in mining locally and subsequently began large-scale global acquisitions. The Deccan stock market rose by over 40% in July, far exceeding the 3.5% increase of the benchmark Standard&Poor's BSE Sensex index. Earlier this month, the only listed gold miner in India acquired shares in Avelum Partners LLC in Kyrgyzstan and Kalevala gold Oy in Fin

July 24, 2023

Can granite be processed using a crusher?

Although granite has high hardness, it has a certain degree of brittleness, so the selection of crushing equipment for granite is relatively flexible. Granite can be used as a basic sand and stone material in the construction industry after undergoing certain crushing and sand making processing. Granite is currently a commonly used sand and stone material in the market, and granite artificial sand replaces natural sand and stone in the market with high quality and excellent parti

July 24, 2023

Thick and Rich Orebody Found at Gorkonda Gold Mine in the United States

Gordes 50 announced that it has seen large-scale high-grade gold mineralization in the Golconda project in Arizona, which indicates that there is a large deposit in the deep. The wide spacing drilling completed in April revealed a deposit of 35 meters at a depth of 177 meters, with a gold grade of 5.2 grams per ton and a silver grade of 5.9 grams per ton. This

July 24, 2023

Newcrest fell after potential buyer Newmont's weak performance in the second quarter

The shares of Newcrest Mining Ltd, Australia's largest gold miner, fell 5.4% on Friday, the biggest intraday drop in nearly 10 months, after Newmont Corp, a potential buyer of the company, announced a weaker than expected second quarter profit overnight. Newcrest is being acquired by Newmont for A $26.2 billion (US $17.75 billion). As of 0506 Greenwich Mean Ti

July 24, 2023

Ecuador, SolGold has reached an agreement to launch nearly $5 billion in mining projects

The Ministry of Energy and Mines of Ecuador announced in a statement on Thursday that the Ecuadorian government has ended negotiations with Mining in Australia mining company SolGold to develop a large mine, which will require an investment of 4.9 billion dollars in the whole life cycle of the project. The statement added that the underground Cascabel mine is e

July 24, 2023

CMH consortium company and Algerian national steel company activate 3.5 billion tons of high phosphorus iron ore with new technology of "integrated beneficiation and smelting"

Recently, China CMH Consortium (consisting of MCC International Engineering Group Co., Ltd., Sinohydro Power International Co., Ltd. and Hunan Shengshi Sunshine Technology Co., Ltd.) and Algerian National Iron and Steel Corporation signed a cooperation agreement in Tindouf Province Province, Algeria, clearly establishing two joint ventures, namely, mining company and steel company, as the main body of iron ore mining and downstream steel smelting, Integrated development of mining

July 24, 2023

Zambia's copper production is expected to drop to a 14 year low

On July 20th, foreign media reported that Zambia's copper production will drop by more than 10% this year, to the lowest level in 14 years, which will have a significant impact on the income and economic growth of this southern African country. The Ministry of Finance and the Ministry of National Planning stated in a report this week that copper production wil

July 24, 2023

Mexico hit by trade arbitration proceedings from Canadian, US firms

Mexico has been hit with three sets of trade arbitration proceedings in the past few days, according to the International Centre for Settlement of Investment Disputes (ICSID). First Majestic Silver and Silver Bull Resources, both Canadian companies, as well as US food firm Arbor Confections have filed cases against Mexico, ICSID said in brief statements issued

July 24, 2023

Draft new law proposing restrictions on the issuance of mining rights in Colombia's fragile ecosystem

The Colombian government has released a draft decree aimed at establishing new standards for temporary nature reserves based on mining and environmental regulations. The draft decree was issued by the Ministry of Environment in accordance with the ruling of the State Council and other decisions of the Constitutional Court. Citizens, companies, associations and

July 24, 2023

Australia prevents companies associated with China from acquiring lithium mines

On Friday, a spokesperson for Australian Finance Minister Jim Chalmers stated that under the recommendation of the Australian Foreign Investment Review Board (FIRB), Australia has prohibited a company associated with China from acquiring financially troubled lithium miner Alita Resources Ltd. Australia supplies about half of the world's lithium and other mine

July 23, 2023

Zambia plans to select buyers for the Mopani copper mine by the end of the month

Foreign media reported on July 14th: According to the Minister of Mines of Zambia on Friday, the government has included companies that have submitted a binding bid to acquire Mopani Copper Mines in the candidate list and hopes to select a new investor by July 31st. The source told Reuters last month that China Zijin Mining and an investment company owned by C

July 22, 2023

Australia Kervit Copper Mine Releases Resources for the First Time

After one year of Corvette Kingswood target area and 14 deep diamond drilling, Magmatic Resources estimated its first resource quantity of Corvette copper mine in Lachlan Fold Belt, New South Wales, Australia. As of now, only one borehole has been found in the adjacent Kingswood deposit, while the remaining 13 have been deployed to Kervet. The company calculat

July 21, 2023

US Proposing Key Minerals Act Involving Democratic Republic of Congo

According to Bloomberg news agency quoted by Mining.com website, John James, the chairman of the African subcommittee of the United States House of Representatives and the Michigan House of Representatives, proposed a bill requiring the development of the United States national strategy to ensure the Supply chain security of key minerals in the Democratic Republic of the Congo.

July 20, 2023

Lithium production in Argentina will increase threefold in the next two years

According to MiningWeekly, citing Reuters, multiple lithium mining projects in the northern mountainous areas of Argentina are about to start production, and the country's lithium production will triple in the next two years. Argentina is the fourth largest lithium producing country in the world, located in the so-called "lithium triangle", attracting investm

July 20, 2023

Canada to Accelerate Approval of Key Minerals

Foreign media reported on July 14: It is reported that the government led by Prime Minister of Canada Justin Trudeau hopes to announce a plan to simplify the licensing procedures for mining projects before the end of this year. At present, the United States and its allies are trying to accelerate the production of key minerals in North America. As the United S

July 20, 2023

Lithium miner Premier's stock price drops due to force majeure in Zimbabwe

On June 26th, it was reported that Premier African Minerals' stock price plummeted by 40% on Monday, after the company announced that its Zimbabwean lithium mine had encountered force majeure due to defects in its processing plant. A statement from the State Council said that the plant could not produce enough Spodumene concentrate to meet the conditions of th

July 20, 2023

New progress in drilling the Valin ç a copper mine in Ecuador

Solar Resources Inc. has announced new progress in drilling the Warintza deposit in the Warintza project in southeastern Ecuador. The ore section of Walinsa middle deposit that can be designed for Surface mine is near surface mineralization with high grade. The estimated ore resource of this ore section is 180 million tons, with a copper equivalent grade of 0.

July 18, 2023

Exploration investment in Australia increased by 4% in the first quarter

According to the Mining News, data from the Australian Bureau of Statistics shows that in the first quarter, the country's adjusted mineral exploration investment was A $1.025 billion, an increase of 0.7% month on month and 4% year on year. According to trend analysis calculations, Australia's mineral exploration investment in the first quarter was AUD 1.02 b

July 18, 2023

Multiple institutions expect nickel supply growth and price decline

According to Mining. com, citing Reuters, some industry analysts predicted at the metal conference that international nickel prices will decline in the coming years as Indonesia, the largest nickel producer, increases supply and production costs decrease. Chen Yan, Director of Basic Materials and Engineering Research at CICC, estimates that in 2021, Indonesia'

July 18, 2023

Peru's copper production is expected to reach 2.8 million tons this year

According to Mining. com, citing Reuters, a senior official in Peru stated on Monday that copper production is expected to reach 2.8 million tons this year, an increase of 15% from 2022. Copper has become the largest export commodity for this Andean country. As the world's second largest copper producer, Peru's copper production has been affected by anti gover

July 17, 2023

Bolivia will cooperate with Chinese and Russian enterprises to develop its lithium resources

On June 29, it was reported that the Bolivian government said on the 29th that it had signed a resource development agreement with Rosatom, the Russian state nuclear power company, and CITIC Guoan Group of China, hoping to develop its huge but largely undeveloped lithium resources. These transactions are expected to have a total investment of $1.4 billion. In

July 16, 2023

International gallium buyers are intensifying their hoarding, causing tight supply and demand in the industry, leading to a 27% increase in global gallium prices

On July 12th, Cailian News Agency reported that Freiberger Compound Materials, the world's largest purchaser of gallium, recently stated that after China plans to implement export control policies on gallium, its customers are frantically hoarding special semiconductor wafers produced by the company using gallium metal, resulting in a very tight supply and demand situation in the industry. It is estimated that Freiberger consumes tens of tons of gallium annually, accounting for a

July 16, 2023

International gallium buyers are intensifying their hoarding, causing tight supply and demand in the industry, leading to a 27% increase in global gallium prices

On July 12th, Cailian News Agency reported that Freiberger Compound Materials, the world's largest purchaser of gallium, recently stated that after China plans to implement export control policies on gallium, its customers are frantically hoarding special semiconductor wafers produced by the company using gallium metal, resulting in a very tight supply and demand situation in the industry. It is estimated that Freiberger consumes tens of tons of gallium annually, accounting for a

July 14, 2023

Europe includes aluminum in the list of key raw materials

On July 6th, it was reported that EU countries have included aluminum in the list of minerals and metals covered by the Critical Raw Materials Act (CRMA). This bill is at the core of the EU strategy, aimed at ensuring it has the necessary inputs to compete with the United States and China in the global decarbonization competition.