Articles for category: Mining

March 19, 2024

Ron Finklestien

mining

The Imperative to Preserve Earth’s Vital Ecosystems: A Call to Action for Investors and Governments

The latest study presents a chilling reality – to adhere to the Paris Agreement and sustain global temperatures within a 1.5°C threshold, the sanctity of critical ecological zones must be protected, devoid of any oil extraction. These vulnerable areas, encompassing natural reserves, biodiversity hotspots, Indigenous territories, and urban landscapes, are essential for maintaining a delicate ecological balance. Despite the significance of safeguarding these areas, abstaining from extracting oil and coal alone cannot ensure compliance with the Paris Agreement’s stipulations. A deeper, more profound shift is required to align with global climate objectives. A Fresh Navigation Map Within this landscape, the

March 19, 2024

Ron Finklestien

mining

Tragedy Strikes as K92 Faces Mandated Halt in Mining Operations

Investigations and Mandate Following a sorrowful incident that resulted in the loss of a worker’s life, both K92 and Papua New Guinea authorities have jointly determined the event as non-industrial in nature. On March 13, the officials of Papua New Guinea enforced a temporary suspension of underground activities at the Kainantu mine. This intervention aimed to ensure the completion of an independent safety audit and the installment of a collision avoidance system. Prior to the enforced halting, the Canadian mining company had already initiated efforts to comply with the required safety protocols, underscoring their commitment to the well-being of their

March 19, 2024

Ron Finklestien

mining

Antofagasta’s Bold Move: $2.5 Billion Pours in for Centinela’s Expansion

New Horizons Unveiled A testament to Antofagasta’s finesse in unlocking value within its portfolio, the Centinela Second Concentrator project is poised to redefine the copper production landscape. With Chief Executive Ivan Arriaga at the helm, the company articulates its unwavering commitment to sustainable and responsible practices. A Fresh Stream of Support Not content with mere inertia, Antofagasta has taken steps to secure a separate agreement for Centinela’s water needs. An international consortium stands ready to provide the vital resource for current and future operations. By taking over Centinela’s existing water supply system and expanding it to cater to the second

March 18, 2024

Ron Finklestien

mining

The Golden Success of Amex Metallurgical Tests Unearthing Over 95% Gold Recovery from Perron Project in Quebec

Metallurgical Triumph Unveiled In a world where every ounce of gold counts, Amex Mining Corporation has struck metaphorical gold with its recent metallurgical tests conducted at the Perron project in Quebec. The results have exceeded expectations, showcasing a remarkable recovery rate of over 95% gold from the gravity tailings. The Alchemy of Recovery Under the meticulous scrutiny of experts, a single flotation test illuminated the potential as a 2-kg subsample from each gravity tailing was meticulously treated. The concoction of potassium amyl xanthate and methyl isobutyl carbinol, paired with a natural pH setting, worked its magic for 10 minutes, culminating

March 18, 2024

Ron Finklestien

mining

Transformative Barrick Academy Launches at Buzwagi Mine in Tanzania

Barrick’s Commitment to Education and Growth Amidst the rugged landscapes of Tanzania, a new beacon of hope is emerging in the form of the Barrick Academy at the Buzwagi mine. This ambitious endeavor, spearheaded by Barrick, will not only impart knowledge but also transform the economic landscape of the region. Over the next 24 months, the academy is set to train over 2,000 foremen, supervisors, and superintendents from Africa and the Middle East region, breathing life into the heart of the mining industry. Expanding Horizons and Nurturing Talent Expanding its reach beyond the boundaries of traditional mining training, Barrick is

March 18, 2024

Ron Finklestien

mining

UN Considers Action Against Greenpeace in Deep-Sea Mining Dispute UN Considers Action Against Greenpeace in Deep-Sea Mining Dispute

The Escalating Conflict In a clash that pits environmental concerns against industrial interests, a deep-sea mining operation has found itself in a tempest with Greenpeace, the well-known environmental organization. The vessel employed by the mining company’s subsidiary, Nauru Ocean Resources (NORI), was subjected to disruptions from Greenpeace activities, ultimately leading to a legal mandate for the activists to vacate the vessel. The Legal Battle Unfolds A Dutch court, adjudicating on the matter, sided with the mining company and ordered Greenpeace to cease its activities aboard the research vessel. The Metals Company, involved in deep-sea mining, contends that the research expedition

March 18, 2024

Ron Finklestien

mining

American Rare Earths confirms Wyoming project potential

American Rare Earths Unveils Promising Undertakings in Wyoming Reshaping the Landscape: Wyoming’s Rare Earth Potential Amidst the rugged terrain and unspoiled beauty of Wyoming, a glimmer of economic promise shines through. American Rare Earths, in partnership with independent firm Stantec Consulting Services, unveils a blueprint rich in potential. Delving into the bowels of the earth, the scoping study reveals a tantalizing proposition – a three million tonnes per annum (Mtpa) operating scenario. Tangible Gains: Financial Prospects and Strategic Insights Laden with economic insights, the report showcases a net present value (NPV) dancing to the tune of $673.9 million at an

March 18, 2024

Ron Finklestien

mining

Avalon Embarks on $11 Million Investment for Groundbreaking Lithium Processing Venture

Revolutionizing Lithium Processing Exciting news emerged in July 2023 when Avalon unveiled its collaboration with the Finnish mining tech powerhouse, Metso. Joining forces, the two entities aim to establish a cutting-edge lithium processing plant – poised to be the province’s forerunner in battery-grade lithium production. Through this strategic partnership, Avalon gains access to Metso’s advanced technologies, enabling the production of lithium hydroxide cathode materials tailored for the thriving global electric vehicle (EV) market. A Strategic Property Acquisition Prior to this groundbreaking partnership, Avalon sealed the deal on the acquisition of a sprawling 383-acre industrial site. Situated uniquely with direct access

March 18, 2024

Ron Finklestien

mining

The Sparkling Triumph of Lucapa: A Diamond in the Rough

Shining Brighter: Lucapa’s Ascendance Lucapa’s recent meteoric rise is a testament to the unwavering spirit of exploration and innovation in the mining industry. The company’s fortunes have skyrocketed by a staggering 48% following a substantial surge in resources at their Angola mine. Flawless Evaluation: Unveiling Lucapa’s Treasure Trove An independent assessment by South Africa’s Z Star Mineral Resource Consultants revealed an impressive evaluation of the mine’s resources valued at $1,897 per carat. Despite a modest 5% dip from the previous year, ridden with the rough waters of declining diamond prices, Lucapa stands resilient. Growth Against all Odds: Lucapa’s Triumph With

February 29, 2024

Ron Finklestien

mining

Exploring the Depths: American Rare Earths Funds Halleck Creek Venture with $8.7 Million Infusion

Updated Mineral Resource Estimate American Rare Earths recently unveiled the latest mineral resource estimate for its Halleck Creek project in Wyoming. The figures showcase a substantial 64% increase in the in-situ tonnage, compared to the previous assessment conducted last autumn. Impressive Increase in TREO The updated resource estimate reveals a total of 2.34 billion tonnes of material, with a grading of 3,196 parts per million (ppm) total rare earth oxides (TREO), including neodymium (Nd) and praseodymium (Pr) oxides. This translates to 7.48 million tonnes of contained TREO, marking a significant upsurge. Among the estimated amount, 1.42 billion tonnes fall under