Ban on new gold imports from Russia seen as ‘largely symbolic’

Mining News Pro - The plan by some Group of Seven nations to ban new gold imports from Russia is “largely symbolic” as flows have already been restricted by sanctions, according to analysts.

Commodities face recession test even as Goldman stays bullish

Mining News Pro - Commodities are hitting powerful headwinds after a first-half dominated by the supply turmoil and inflationary shocks unleashed by Russia’s attack on Ukraine. Below, What to Watch looks at what the second half holds for raw materials from natural gas and crude to grains, gold, iron ore, and lithium.

Kore Potash cuts Congo project costs by $520 million

Mining News Pro - Shares in Kore Potash (LON: KP2) climbed on Monday almost 15% after the company lowered the costs cost of its Kola potash project in the Republic of Congo by $520 million to $1.83 billion.

Weekly Report: A Glance at the Price of Different Minerals

Mining News Pro - Despite holding steady throughout the week, gold is likely headed for another weekly loss of about 1% as the non-yielding safe-haven asset wrestled with the prospect of higher interest rates.

How Should mining companies protect their networks?

Mining News Pro - The operational technology (OT) networks of mining operations are particularly vulnerable to cyberattacks.

Real environmental impact of nuclear power generation revealed

Mining News Pro - Researchers at Japan’s Ritsumeikan University analyzed the environmental impact of nuclear power generation through an unusual measure – the volume of resources extracted from the lithosphere during the life cycle of this process.

US allots $74 million to critical minerals mapping

Mining News Pro - The US Department of the Interior has set aside more than $74 million to invest across 30 states in research and mapping of areas with potential for critical minerals, as the Biden administration seeks to strengthen key domestic supply chains.

China backs Russia in opposing bid to redefine conflict diamonds

Mining News Pro - China has joined Russia in opposing an effort to redefine conflict diamonds to include those sold by individual nations, as a rift between Western and pro-Russia nations jeopardizes the process for certifying rough diamonds as conflict-free.

Iron ore price rebounds after Chinese President pledges to meet development targets

Mining News Pro - The iron ore price rebounded on Thursday after Chinese President Xi Jinping pledged to take more effective measures to achieve the country’s economic and social development goals.

Australia to push miners to set up register of offenders

Mining News Pro - Australia will push its mining industry to set up a register of sexual harassment perpetrators to help rein in abuse, a cabinet minister said, after a state government report detailed cases of “horrifying” and “appalling” behaviour against women.

The revolution in electric vehicles is changing mining

Mining News Pro - For decades, communities around the world have too often been betrayed by promises that mining would yield financial prosperity and return to them the landscape as good as it was found. Many have ended up with environmental destruction with very little benefit to show for it.

Trudeau’s energy chief unveils low-carbon industrial strategy

Mining News Pro - Canada is launching an industrial strategy for its natural resources, with critical mineral infrastructure, hydrogen production and other low-carbon projects set to be a major focus.

Russia eyes new rules on state’s gold, gem sales amid war

Mining News Pro - Russia’s government and parliament are seeking to change rules on the sales and management of the state’s precious metal and gem stockpiles amid the war with Ukraine.

Martian moon could be crucial for asteroid mining

Mining News Pro - Researchers at the Harvard-Smithsonian Center for Astrophysics have shown that mining the Main Belt of asteroids that orbit between Mars and Jupiter could be done profitably if spacecraft were deployed from a station in an orbit similar to that of the Martian moon Phobos.

Over-optimism among China steelmakers behind iron ore’s price plunge

Mining News Pro - Iron ore lost almost a quarter of its value in a dizzying eight-day plunge through Monday. While futures in Singapore are staging a mini-recovery, the short-term outlook for the steel-making material looks grim.

Vale to spend $400 million in 2022 to remove tailings dams

Mining News Pro - Brazilian miner Vale SA expects to spend $400 million in 2022 to decommission its tailings dams, aiming to have 12 of its 30 structures eliminated by the end of the year, the company told Reuters on Tuesday.

Rio Tinto opens Gudai-Darri, its most technologically advanced mine in Pilbara

Mining News Pro - Rio Tinto on Tuesday marked the official opening of Gudai-Darri, its most technologically advanced mine, joined by Pilbara Traditional Owners, the Banjima People, and Western Australia’s Minister for Mines and Petroleum; Energy, Hon. Bill Johnston.

Thiess team marches on at Anthill

Mining News Pro - The Thiess team continues to deliver at the Anthill Copper Project in Queensland, safely achieving production targets and delivering on-site innovations.

Tombola on fast track to gold production

Mining News Pro - Sydney-based gold explorer Tombola Gold has announced positive progress towards first gold production, with mining activities advancing well-ahead of schedule as the company fast tracks to first cash flow in 2022.

Iron ore suffers short-term demand woes, longer-term China threat

Mining News Pro - The spot price of iron ore has had a torrid time lately, caught between short-term concerns about the economic health of top buyer China and a longer-term threat to the current market system as Beijing seeks to permanently lower costs.

Eighth and last missing miner found dead in flooded Burkina Faso mine

Mining News Pro - The body of the last of eight miners who drowned in a Burkina Faso zinc mine owned by Trevali Mining Corp when it flooded on April 16 was found on Monday, the government said.

How platinum can help clean up wastewater, make it potable

Mining News Pro - Researchers at the University of Southern California have found that platinum is a key ingredient to help clean even the most stubborn toxins from wastewater.

Germany is taking steps to bolster gas supplies, Habeck says

Mining News Pro - The German government will step up efforts to bolster gas storage levels after Russia reduced flows in a move Economy Minister Robert Habeck said was intended to unsettle energy markets.

War derails plan to ditch coal after UK championed global cuts

Mining News Pro - When the COP26 climate talks concluded in November, UK Prime Minister Boris Johnson declared the world had reached a point of no return in phasing out coal. At the same time, Ukrainian Foreign Minister Dmytro Kuleba warned Europe that Russia was amassing forces near its border.

New Wyoming facility to boost extraction of REEs from coal

Mining News Pro - Companies and researchers developing asphalt, graphene, graphite, agricultural char, and carbon fibre and extracting rare earths from coal and coal byproducts, now have a 9.5-acre site to work on their innovations.

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