November 2020 - Page 2 of 3

TuesdayNov 17, 2020 10:00 am

Northern Canada: The New “It” Spot for Gold Mining

At most recent count, Northern Canada has an estimated total population of 126,566 people and produces a lot more gold per capita when compared to any other region in Canada. This includes Ontario, which is the largest gold-producing territory or province in Canada. Northern Canada is made up of three territories: Nunavut, Northwest Territories and Yukon. The former is the third-largest gold producing territory/province in Canada. Last year, the territory produced 465 koz while Yukon is the eighth largest, producing 84 koz of gold in 2019. The Yukon territory was engulfed in the famous Klondike Gold Rush towards the end…

MondayNov 16, 2020 10:00 am

Strategies That Can Help the Mining Sector Advance into the Future

The natural resource sector is currently going through a fundamental change as it implements new technologies while managing social and climate challenges. To strengthen the metals and mining industry’s primary role in the evolving world economy, the industry is growing its material demand, focusing on new digital solutions and raising awareness of the challenges it faces. To successfully implement this approach while also taking into account the coronavirus pandemic and its effects, here are a few important areas to consider. Metals, mining and the energy transition The growing demand for low-carbon technologies and energy will increase metal and mineral demand.…

FridayNov 13, 2020 12:00 pm

Phytomining and the Plants That ‘Bleed’ Nickel

In the heart of Sulawesi, an Indonesian island, is a small mining town by the name of Sorowako. The town is one of the biggest areas for mining nickel in the world, with one firm extracting 5% of the world’s supply of nickel from this one location. Since 2004, Aiyen Tjoa, a lecturer and soil biologist, has been on a mission to locate rare plants that can absorb nickel from nickel-rich surroundings. The plants have the potential to absorb high amounts of the mineral from the soil and store it in high quantities. The plants could also offer an alternative…

ThursdayNov 12, 2020 2:00 pm

Why Mining Gold is a Lot Harder Now

For decades, many have talked about establishing a mine in Northern Ireland’s Curraghinalt townland. However, this has never been realized. Lack of progress on a mine in the area may be attributed to a group of locals from County Tyrone who have been protesting the establishment of a mine for more than three years. A mining company recently applied to extract gold from the mine, but the application has yet to be approved. If approved, the mine could create new employment opportunities and bring money to the county. Despite that, many from the area would prefer the application not be…

WednesdayNov 11, 2020 2:30 pm

Mining Firms Step Up Automation as Pandemic Drags On

A new study shows that roughly 20% of individuals who are currently working in the natural resources sector, i.e. metals and mining industries, are at risk of being replaced by automatons. This comes at a time when most firms are moving toward automated machinery, with many adopting automation as a way to work around the ongoing coronavirus-related restrictions. According to the latest “Future of Jobs” report by the World Economic Forum, 79% of mining firms are speeding up the adoption of tools such as video conferencing and the digitization of work processes. Of this 79%, more than 26% of the…

TuesdayNov 10, 2020 2:30 pm

Motorola Unveils Next-Gen Radio for the Mining Sector

With the ever-growing data that needs to be managed, the increasing demand to do more with limited resources and the current global pandemic, the natural resources sector has a lot to deal with. Siloed devices and systems that don’t communicate with each other only add more to the demand. Frontline workers require crucial technology to manage their everyday tasks effectively. These tools have to be flexible enough to help them connect with a wider ecosystem of technologies,without any hitches. To help with this, Motorola Solutions will launch its next-generation TETRA device, a terrestrial trunked radio. The device, MXP600, will meet…

MondayNov 09, 2020 3:30 pm

China Bans Copper Imports from Australia

A recent report by Bloomberg shows that China has instructed its traders to stop purchasing more than seven different Australian commodities including lobster and wine, timber, sugar, copper ore and concentrate, barley and coal. Canberra and Beijing have been in a geopolitical dispute since April after Australia demanded an international inquiry be made into the origins of the coronavirus pandemic. The “South China Morning Post” aired reports suggesting that sugar and copper exports into China from Australia will be stopped. This is after the country banned a shipment of barley from an Australian grain exporter and timber imports from Queensland.…

FridayNov 06, 2020 3:00 pm

Covid-19 Containment Measures Expected to Trigger Slump in Gold Supply

Most experts expect roughly a 1.7% decrease in the total output of gold worldwide this year. This is largely because of mines shutting down, mainly during the second quarter of 2020 because of coronavirus restrictions. A reduction in production levels from nearly all top global producers is also expected in 2020 because of the pandemic and the resulting lockdowns that affected several important markets such as South Africa. Strangely enough, the price of gold is at an all-time high now and has been since August. The rate is $2,000 per ounce, thus supporting profit growth for several gold miners. This…

ThursdayNov 05, 2020 2:30 pm

Batteries Among Top Twitter Mentions in 2020’s Third Quarter

GlobalData’s Influencer Platform recently revealed that batteries are among the top terms tweeted in trending mining industry discussions by influencers on Twitter. Below are the top five terms tweeted with regard to battery minerals this year. Batteries In the third quarter of this year, the launch of a zero-carbon lithium project in Germany, the need for electric vehicles in India and Tesla’s plan to construct a plant for producing batteries were a few of the most discussed topics with 1,501 mentions combined. Lithium and battery expert Dirk Harbecke noted that Tesla announced plans to manufacture its own batteries in Germany.…

WednesdayNov 04, 2020 3:00 pm

Benefits of Onsite Training in Mining Sector

To keep operations on your mining site running without hitches, you need up-to-date training for your workers. Onsite training allows mine technicians to stay updated in a digital age that is constantly evolving and equips them with knowledge that allows them to understand how various equipment works. This training is in addition to essential training on how equipment should be used and how to use it optimally. The following are a few benefits of onsite training. Simpler compliance All businesses in the industry have to comply with operating and safety standards. Onsite training ensures that businesses can meet these requirements…

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Month: November 2020