Image credit: Iluka resources (available on www.iluka.com) Australia will grant an additional A$400 million ($257.20 million) loan to Iluka Resources (ILU.AX), opens new tab to develop its rare earths refinery in Western Australia, which will also see the critical minerals miner shell out more money than committed. Iluka on Friday said the federal government is granting the […]
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Rio Tinto and Sumitomo Metal Mining to partner on Winu copper-gold project
Mining DocRio Tinto and Sumitomo Metal Mining (SMM) have signed a Term Sheet for a Joint Venture to deliver the Winu copper-gold project, located in the Great Sandy Desert region of Western Australia. Under the Term Sheet, which includes exclusivity obligations to work towards a binding Definitive Agreement, Rio Tinto will continue to develop and operate […]
Virtual reality: a revolution in mining
Mining DocIntroduction Technological development has taken off in leaps and bounds in recent years, and the many innovations are proof of this. Technological progress is an important criterion for global economic development (Strzałkowski et al., 2024). Mining companies aware of the challenges of the modern world are using these innovative technologies not only to increase their […]
What is bio mining?
Mining DocIntroduction Biomining is the process of using microorganisms (microbes) to extract metals of economic interest from rock ores or mine waste. Biomining techniques may also be used to clean up sites that have been polluted with metals. Valuable metals are commonly bound up in solid minerals. Some microbes can oxidize those metals, allowing them to dissolve in water. This […]
Gold prices subdued as traders brace for US payrolls data
Mining DocGold prices were subdued on Thursday as investors remained cautious ahead of U.S. payrolls data that could provide more insights into the Federal Reserve’s monetary policy path. Spot gold edged 0.1% lower at $2,648.02 per ounce by 0726 GMT. U.S. gold futures also eased 0.1% to $2,672.90. Ajay Kedia, director at Kedia Commodities, Mumbai said: […]
In the era of digital twins
Mining DocIntroduction The weaknesses of conventional simulations and ever-increasing capabilities offered by technological trends have compressed the spring of the surface mining industry for a giant leap towards Mining 4.0. Dynamicity and autonomy are two features that ordinary simulation models fail to address. That’s why the Digital Twin concept is taking center stage nowadays and appears to hold the key […]
Transforming Mining with Blockchain Innovation
Mining DocIntroduction Mining corporations across the globe are attesting to digital transformation for benefits including enhanced productivity, safer operations, and operational gains (Young & Rogers, 2019). Blockchain is essentially a digital database that resembles a massive spreadsheet or ledger. All new data, including transactions, is time-stamped and saved in blocks that are linked to one another […]
Revolutionizing mining: Surface miners redefine efficiency, safety, and sustainability.
Mining DocDescription Surface miner, a continuous mining machine, is being manufactured in India and abroad owing to enhanced demand of production in various mining industries like coal, limestone, gypsum, bauxite etc. Different types of surface miners are manufactured today based on cutting drum placement and design specifications. Selective mining without drilling and blasting, high production and […]
Do you know the "Hidden" mine?
Mining DocIsolated in Chile’s northern Atacama Desert, the open-pit Escondida Mine is the world’s largest source of copper. Escondida means “hidden” in Spanish, and hidden it was. The copper ore was buried under hundreds of meters of rock. The only way it was found was by drilling along a line of other known copper finds that […]
Gold edges up as investors seek Fed clues from US data
Mining DocGold prices edged higher on Tuesday, supported by U.S. rate cut bets and geopolitical concerns, while the focus shifted to economic data due this week for clues into the Federal Reserve’s interest rate path. Spot gold was up 0.1% at $2,640.65 per ounce, as of 0810 GMT, after falling by as much as 1% on Monday. […]