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The United States has been spending billions yearly for imported metals and minerals, despite the country’s abundance of various minerals in unexplored places such as Northeastern Minnesota. Many believe that what the country lacks is an efficient process that permits access to said minerals and metals. Presently, it takes roughly a decade to bring a … Continue reading “Slow Process of Approving Mining Projects May Affect America’s Strategic Interests”

Kyrgyzstan, Kazakhstan, Uzbekistan and Tajikistan — formerly Central Asia under the Soviet Union — may in the near future provide global mining firms with great opportunities to grow, due to the liberalization of national mining laws that were established by local governments in the recent past. Additionally, the countries are rich in minerals. The Central Asia … Continue reading “Central Asia: The New Hub of Attractive Mining Opportunities”

Many experts caution that Russia and China may soon join forces to prevent the United States from dominating an ET mining base in space. The former Trump administration had announced that by 2024, the country would be returning astronauts to the moon, in addition to proposing a worldwide legal framework for mining on the celestial … Continue reading “Experts Caution about Space Mining War Between Global Powers”

RIEGL has developed three new mining apps that can be used in everyday mining and also in especially critical situations. These applications allow users to make decisions based on real-time reliable data made available through the apps. The company’s terrestrial laser scanner, which has increased user optionality, can be integrated into any infrastructural network by … Continue reading “New Laser Scanners Could Hasten Decision-Making Processes on Mining Sites”

Similar to other industries, mining is an energy-intensive industry. The only difference is that the processes involve a lot of crushing, digging and processing of minerals, which consumes a lot of power. Mines also operate 24 hours a day on every day of the week. Now that climate action is a priority under the Sustainable … Continue reading “Solar Microgrids Could Help Decarbonize Mining Operations”

The biggest producer of high-grade nickel and palladium in the world, Norilsk Nickel, has introduced a series of exchange-traded commodities (“ETCs”) that provide investors access to metals that are physically backed. Norilsk Nickel has become the pioneer mining firm to introduce physically backed, exchange-traded products to the market. This comes after the company was forced … Continue reading “Russian Company Launches First Metals ETCs”

While the natural resource industry seems to have taken a little while to join the fourth industrial revolution, progress is being made steadily as automation is adopted and implemented. The benefits of automation include payload optimization achieved by computers in a way that could not be replicated by people. Global mining equipment producer CR Mining … Continue reading “Digital Innovation: Gateway to the Future of Mining”

The COVID-19 pandemic aid and spending package that was signed by outgoing U.S. President Donald Trump in the last weeks of 2020 is inclusive of more than $800 million to finance strategic minerals and rare earths research. This fund will help mining firms to neutralize China’s dominance in the natural resource industry sector. The bill, … Continue reading “Miners Commend Federal Spending Bill Financing Rare Earths Projects”

During the last weeks of December 2020, China’s benchmark iron futures decreased after the nation called for the steel industry to manufacture less crude steel this year. The objective of this is in line with the Chinese government’s carbon neutrality plan. Last year, prices of iron ore more than doubled, which set the ore that … Continue reading “Price of Iron Ore Plummets as China Cuts Back on Steel Production”

According to Turkey news agency Anadolu, the country, which is located in Western Asia, has discovered an enormous gold deposit that holds roughly 99 tons of the valuable metal, which is roughly 3.5 million ounces. The gold deposit is valued at about $6 billion, totaling an estimated Rs 44,000 crore. The gold deposit was found … Continue reading “Turkey Finds Deposits of Gold Worth $6 Billion”