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 flow, prompting operator Freeport-McMoRan to declare force majeure. The bank estimates there will be a total loss […]
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China studies how to regulate copper smelting capacity, industry association says
Mining Doc
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 Nonferrous Metals Industry Association, was quoted as telling a meeting on Wednesday that low concentrate […]
China's August net gold imports via Hong Kong fall 39% from July.
Mining Doc
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 markets. The Hong Kong data may not provide a complete picture of Chinese purchases, as […]
Drones and laser scanning revolutionize blast monitoring with enhanced safety and precision
Mining Doc
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 process, from initial site assessment to post-blast analysis, ultimately leading to optimized results and a […]
Formation Metals Commences Fully Funded 10,000 Metre Drill Program at the Advanced N2 Gold Project
Mining Doc
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 Au) across four zones (A, East, RJ-East, and Central)2,3 and 243 Kt grading 7.82 g/t Au […]
Mining profitability: navigating the complexities of royalty agreements and government take
Mining Doc
Introduction The profitability of mining operations is intricately linked to two key financial obligations: royalty agreements and the government take. These mechanisms, while distinct, work in tandem to determine the ultimate economic viability of a project, influencing everything from initial investment decisions to ongoing operational sustainability. Royalty agreements represent a direct payment to resource owners, […]
Mining profitability: navigating the complexities of royalty agreements and government take
Mining DocIntroduction The profitability of mining operations is intricately linked to two key financial obligations: royalty agreements and the government take. These mechanisms, while distinct, work in tandem to determine the ultimate economic viability of a project, influencing everything from initial investment decisions to ongoing operational sustainability. Royalty agreements represent a direct payment to resource owners, […]
Mining profitability: navigating the complexities of royalty agreements and government take
Mining DocIntroduction The profitability of mining operations is intricately linked to two key financial obligations: royalty agreements and the government take. These mechanisms, while distinct, work in tandem to determine the ultimate economic viability of a project, influencing everything from initial investment decisions to ongoing operational sustainability. Royalty agreements represent a direct payment to resource owners, […]
Sanodea Group: Driving Mining Innovation and Advisory Excellence Across Africa
Jean Marais (Sanodea Group)
The mining industry is no longer solely about moving tonnes of ore—it’s about operational predictability, digital maturity, and sustainable impact. Modern mining organisations need partners who can guide them through the complex interplay of technology, efficiency, and governance. Sanodea Group, under the leadership of Jean Marais, has emerged to meet this challenge, building on decades […]
Redefining Mine Safety: Harnessing AI to Protect People and Sustain Progress
Jean Marais (Sanodea Group)
By Sanodea Group Safety has always been the cornerstone of mining. From open-pit operations to deep underground shafts, the ability to protect workers is what determines operational continuity, investor confidence, and community trust. The mining sector, while powering global economies, remains one of the most hazardous industries on earth. Heavy machinery, explosives, dust, heat, unstable […]