News
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Drilling of the Hamagetai copper mine in Mongolia reveals thick and rich ore
Sanadu Mining Company announced that it has seen thick bonanzas at the Stockwork Hill deposit in the Khamagtai porphyry copper-gold project in South Gobi Province, Mongolia. The borehole saw 226 meters at a depth of 612 meters, with a copper grade of 0.68% and a gold grade of 1.43 g/ton, of which...Read more -
New discoveries made at the Varinza copper mine in Ecuador
Solaris Resources announced that its Warintza project in Ecuador has made major discoveries. For the first time, detailed geophysical prospecting has discovered a larger porphyry system than previously recognized. In order to speed up exploration and expand the scope of resources, the company has...Read more -
National Mining Development Corporation of India restarts iron mine in Karnataka
The National Mining Development Corporation of India (NMDC) recently announced that after obtaining government permission, the company has begun to resume operations at the Donimalai iron mine in Karnataka. Due to a dispute over contract renewal, the National Mining Development Corporation of Ind...Read more -
Ukraine’s 2020 coal production drops by 7.7% year-on-year, exceeding production target
Recently, the Energy and Coal Industry Ministry of Ukraine (Energy and Coal Industry Ministry) released data showing that in 2020, Ukraine’s coal production was 28.818 million tons, a decrease of 7.7% from 31.224 million tons in 2019, and exceeded the production target of 27.4 million tons that y...Read more -
Anglo American has postponed plans to integrate its Kunzhou coking coal mine until 2024
Anglo American, the miner, said it was postponing the planned integration of its Moranbah and Grosvenor coal mines in Australia from 2022 to 2024 due to a number of factors. Anglo had previously planned to integrate the Moramba and Grosvenor coking mines in Queensland state to improve production ...Read more -
World Bank: Guinea becomes world’s second largest bauxite producer
The West African nation of Guinea is now the world’s second-largest producer of bauxite, ahead of China and behind Australia, according to the latest World Bank rankings. Guinea’s bauxite production increased from 59.6 million tons in 2018 to 70.2 million tons in 2019, according to da...Read more -
Vale sets record sales of iron ore and nickel in the fourth quarter of 2020
Vale recently released its 2020 production and sales report. The report shows that the sales of iron ore, copper and nickel were strong in the fourth quarter, with a quarter-on-quarter increase of 25.9%, 15.4% and 13.6%, respectively, and record sales of iron ore and nickel. Data show that the s...Read more -
The Zambian government has no plans to nationalize the mining industry
Zambian Finance Minister Bwalya Ng’andu recently stated that the Zambian government does not intend to take over more mining companies and has no plans to nationalize the mining industry. In the past two years, the government has acquired part of the local businesses of Glencore and Vedanta...Read more -
Ukraine’s key strategic minerals will invest 10 billion US dollars
The National Geology and Subsoil Agency of Ukraine and the Investment Promotion Office of Ukraine estimate that approximately US$10 billion will be invested in the development of key and strategic minerals, especially lithium, titanium, uranium, nickel, cobalt, niobium and other minerals. At the ...Read more -
Peru will impose a new blockade but mining will be allowed during the blockade
Peru's copper miners will be boosted by a new blockade to stop the rising number of new pneumonia infections, but will allow key industries such as mining to continue to operate. Peru is the world's second-largest copper producer. Most parts of Peru, including the capital, Lima,...Read more -
Key Strategic Minerals in Ukraine will be invested in the amount of US $10 billion
The national geological and Subsoil Agency of Ukraine and the Investment Promotion Office of Ukraine estimate that approximately US $10 billion will be invested in the development of key and strategic minerals, in particular, lithium, titanium, uranium, nickel, cobalt, niobium and other minerals....Read more -
China to re-invest in its mining industry — report
Tiananmen in Beijing. Stock image. China could move to re-invest in its mining industry to secure its resource base in the post-covid-19 world, according to a new report from Fitch Solutions. The pandemic shed light on supply chain weaknesses...Read more