Other Commodities
Growing demand for Nickel causes fear of further environmental damages
A new report from IDTechEx says the demand for nickel from batteries for electric vehicles is projected to increase 10-fold by 2030 compared to 2019, and concerns about the metal's environmentally conscious delivery are also growing. According to the market …
UK and Australian scientists develop method for finding rare earth deposits
Researchers at the University of Exeter and the Australian National University have published a study that could help identify new, untapped neodymium and dysprosium deposits. In the paper - which appeared in Science Advances - the scientists say they …
Canadian company now allows for cleaner way to produce potash
A Canadian company has developed a new, more environmentally friendly mechanism for producing potash that does not produce residual salt and does not require aboveground brine ponds. According to Saskatoon-based Gensource Potash (TSX-V: GSP), the lack of …
Attack on second largest Kyrgyz gold mine leaves major damages
Work to develop Kyrgyzstan's second largest gold deposit has been halted after intruders smashed and torched facilities at the site during nationwide unrest Tuesday, the Russian-controlled company that operates the mine said. The Jeruy project should go into …
Libya is restarting production on its largest oil field
Libya has taken an important step towards revitalizing its ailing oil industry with the reopening of its largest oil field and is giving OPEC + new headaches as the alliance of large producers tries to curb global supplies. National Oil Corp., Libya's …
Canada is going to focus on increased zinc production
Zinc is an important part of disinfectants like soap, so it plays an important role in preventing the spread of COVID-19. As we know, the two pillars of COVID-19 prevention are social distancing and proper hand washing. Therefore, mining this bluish-white …
De Beers has sold a giant diamond for almost 21 million dollars
Sotheby's sold a rare 102.39-carat white 102.39-carat oval diamond at auction in Hong Kong for HK $ 122 million, the equivalent of $ 20.9 million. The oval-shaped diamond was mined at the De Beers Victor diamond mine in Northern Ontario in 2018 - the same year …
The oil and gas industry is not going to recover anytime soon
With prices and demand falling and a global pandemic, as well as regulatory uncertainty and asset depreciation, improvements in the industry are unlikely until at least mid-2021, said Ben Brunnen, vice president of tax and economic policy for the Canadian …
Lida Resources is restarting production at their Peruvian Mines
The business strategy of Lida Resources Inc. \\\[LIDA-CSE; FUGMF-OTC; BJ43-FSE\\\] consists of acquiring mineral plots and bringing them into production. The company targets South America, particularly Peru. Lida looks for projects with high profit margins …
Brazil´s Vice President asks for regulation for indigenous land mining
Brazilian Vice President Hamilton Mourao defended mining in indigenous reservations on Monday. He said the constitution allows this, though regulations are needed to ensure miners pay taxes to the government and royalties to the tribes. Mourao said in a radio …