Goldman Sachs lowered on Thursday its global copper mine supply forecast for 2025 and 2026 following a disruption at Indonesia’s Grasberg, the world’s second-largest copper mine. The incident, which occurred on September 8, trapped workers underground due to heavy mud ...
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China studies how to regulate copper smelting capacity, industry association says
China, the world’s biggest copper smelter, is studying ways to strengthen regulation on the expansion of smelting capacity, a state news outlet said on Thursday, as record low processing fees have curbed profits. Chen Xuesen, vice chairman at the China ...
China's August net gold imports via Hong Kong fall 39% from July.
China’s net gold imports via Hong Kong in August fell 39.11% from July, Hong Kong Census and Statistics Department data showed on Thursday. WHY IT’S IMPORTANT As the world’s leading gold consumer, China’s purchasing activities can significantly influence global gold ...
Drones and laser scanning revolutionize blast monitoring with enhanced safety and precision
Introduction The integrated use of drone and laser scanning technology is transforming blast monitoring in industries like mining and construction, offering unprecedented levels of safety, accuracy, and efficiency. These technologies provide a comprehensive and detailed understanding of the entire blasting ...
Formation Metals Commences Fully Funded 10,000 Metre Drill Program at the Advanced N2 Gold Project
Highlights: Formation has commenced a fully funded 10,000 metre multi-phase drill program at its flagship N2 Gold Project near Matagami, Quebec, host to a global historic resource of ~870,000 ounces comprised of 18 Mt grading 1.5 g/t Au (~809,000 oz ...