Texas-based Ocean Minerals says the area is also rich in scandium, a key ingredient for making an extremely light, strong, corrosion resistant, heat tolerant and weldable alloy.
Europe Mining News
The thin-film solar module stack made up of perovskite and Copper Indium Gallium Selenide has a conversion efficiency of 17.8%.
Assets of the National Fund stand at $64.85 billion.
The accident happened at the Polkowice-Sieroszowice mine when part of a ceiling collapsed.
The equipment maker is currently spending most of its R&D budget in its digital area, which aims to help miners reduce the amount of machinery needed at operations.
The Dutch parliament has voted for a 55% cut in CO2 emissions by 2030, which would require the closure of all the country’s coal-fired power plants.
Robert McEwen says the metal could trade in a range of $1,700 an ounce to $1,900 by the end of the year.
Rough-diamond prices fell 18% in 2015 and some miners, such as Alrosa, believe synthetic gems were partly responsible for it.
Gahcho Kué, a joint venture between De Beers Canada (51%) and Mountain Province Diamonds (49%), is expected to inject $5.2bn into Canada’s economy.
The Russian miner, the world's top diamond producer by output, said it has become imperative for the industry to find effective ways to defend the market from illegal substitutions by synthetic gems.
New report forecasts very tight market conditions as stocks drop to below 5% of consumption by the end of the decade compared to more than 11% this year.
The miner is confident in the long term outlook for the diamond industry and it expects is to be cash flow positive in the second half of the current financial year.
Los Bronces, Anglo American’s flagship operation, is expected to produce between 600,000 and 630,000 tonnes of copper this year.
Europe's biggest energy project and the UK's first nuclear plant in a generation is greenlighted.
De Beers, the world's biggest diamond producer, warns that many of the challenges affecting the industry last year are likely to continue over the next decade.
THE second largest zinc mine in Europe, The Lisheen Mine in Co. Tipperary is preparing to sell the contents of all remaining equipment and materials at its site on 24th September by public auction, conducted by the largest independent auction company in Ireland & the UK, Wilsons Auctions.
The main challenge for mining near-Earth celestial bodies is neither technology nor cost, but simply “convincing people it is realistic,” says Dr. Phil Metzger.
Study predicts fifth year of growing deficits and halving of above ground stocks as strikes in top producer South Africa loom.
OSIRIS-REx will collect samples from an asteroid and return them to Earth, in what it could be a pivotal step for firms currently planning to tap into the space mining business.
River near the eponymous city of world's top nickel and palladium miner turns crimson.
Gahcho Kué, co-owned by De Beers Canada and Mountain Province Diamonds, is also expected to provide 1,200 new jobs.
New study forecasts global thermal coal trade to shrink by 373 million tonnes per year, leading to minimum 30% fall in coal prices post 2020.
The move marks the Vancouver-based miner exit from China.
Current price could bring idled production back and bulky new projects are coming online soon.
The possible plant closure, which could cost around 2,000 jobs, is part of a global restructuring plan announced in September that could see CAT cutting as many as 10,000 jobs globally in the coming years.