TuesdayOct 06, 2020 11:00 am

President Trump Signs Executive Order Expanding Rare Earths Mining

In a bid to expand the production of rare-earth minerals domestically in the U.S., President Trump has signed an executive order to reduce U.S. dependence on China for those critical minerals. The executive order pronounces a national emergency specifically for the mining sector and it seeks to expedite the development of domestic mines through activating provisions in the Defense Production Act. The Interior Department is tasked with seeing how this can happen. In the recent past, the federal government has used this same law to boost the production of the different medical supplies which are needed in the fight against…

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MondayOct 05, 2020 10:00 am

How India Plans to Exploit the Full Potential of Its Mining Sector

Many countries and their economies alike have been adversely affected by the coronavirus pandemic. Countries like India plan to use this disruption to lead their economy into a rapid industrialization phase. The ace up their sleeve is the mining sector, which will be the main driver to economic recovery in a post-pandemic world. Usually, a 1% growth in the mining sector leads to an average 1.3% increase in the industrial production growth rate while 10 indirect jobs are created from 1 direct job. According to the 12th five-year plan of the Planning Commission of India, for every 1% rise in…

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FridayOct 02, 2020 11:00 am

How to Implement Formalization of the Artisanal Mining Sector in Africa

Many projects in Africa support the development of the mining sector, with platforms like the Virtu Gem marketing platform, the Fair Cobalt Alliance and the Artisanal Mining Grand Challenge advocating for the support of the African artisanal mining sector. It is pretty clear that the attention and relevance given to the artisanal mining sector grows as countries rich in minerals seek additional ways to optimize their available resources. Using this momentum as a force of good to call for efforts to formalize and rationalize the entire value chain of the artisanal sector would be in the best interest of the…

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ThursdayOct 01, 2020 3:15 pm

Coal Miners in Australia Face $17 Billion Export Decline

Coal miners in Australia are looking at a $17 billion decline in export earnings as the coronavirus blow on the sector continues and more power utilities in Asia make the switch to gas from coal. A federal government report that will be released in the coming week indicates the projected declines between 2020 and 2021. This comes after various coal companies recorded sharp profit contractions for the year, like Whitehaven Coal which declined by 95% and New Hope Corporation, which reported a 69% decline. Glencore, a Swiss mining company, suspended their operations in some of their coal mines located in…

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