Gold prices dipped 1% to their lowest levels in nearly two months on Tuesday as the U.S. dollar soared ahead of economic data and comments from Federal Reserve officials that could shed light on the interest-rate path under the Trump administration. Spot gold slipped 1% to $2,594.55 per ounce by 0940 GMT, after hitting its […]

You’ve probably heard the term “mineshaft” before if you’ve ever been near a mining operation. Although this usage isn’t absolutely accurate, laypeople frequently use the word to refer to any subterranean tunnel used for mining. A mining shaft, then, is what? To find out more about this unusual and audacious excavation project, continue reading. What […]

Global physically-backed gold exchange-traded funds (ETFs) saw inflows for the sixth straight month in October, with year-to-date flows turning positive for the first time this year, the World Gold Council (WGC) said on Thursday. Demand was supported by North American and Asian flows, the WGC added. As geopolitical tensions rise and market uncertainties persist, investors […]

Cyclones are a dust collection device that separates particulate from the air by centrifugal force. The cyclone works by forcing the incoming air stream to spin in a vortex. As the air stream is forced to change direction, the inertia of the particulates causes them to continue in the original direction and to be separated […]

Rio Tinto will partner with China’s State Power Investment Corporation (SPIC) to demonstrate battery swap electric haul truck technology at the Oyu Tolgoi copper mine in Mongolia. Battery swapping technology allows a battery electric vehicle to quickly exchange a discharged battery pack for a fully charged one, instead of recharging the vehicle at a static […]

Los Pelambres Mine! It’s one of the largest copper mines in Chile, located in the Coquimbo Region in the Andes mountains, roughly 200 km north of Santiago. It is operated by Antofagasta PLC, a major Chilean mining company, and it has been producing copper concentrate since the late 1990s. Los Pelambres is known for its […]

Rio Tinto has completed its previously announced acquisition of Sumitomo Chemical Company’s (SCC) 20.64% ownership interest in New Zealand Aluminium Smelters (NZAS) as of 1 November 2024. This transaction makes NZAS, which operates the Tiwai Point aluminium smelter in New Zealand, fully owned by Rio Tinto. Armando Torres, Rio Tinto Aluminium Pacific Operations Managing Director, […]

TOKYO (Reuters) -Japanese trading house Sumitomo Corp said on Thursday it had resumed production at the Ambatovy nickel and cobalt project in Madagascar at end-October after a pipeline issue a month before, but is reviewing future output volumes. Sumitomo has been struggling to stabilise production and improve profitability at the Ambatovy project, which launched in […]

Introduction Mining has always been a labor-intensive and high-risk industry, where productivity and safety are key priorities. The introduction of autonomous haulage systems (AHS) represents a significant shift toward improving both operational efficiency and safety in mining transportation. AHS utilizes self-driving trucks equipped with advanced sensors, artificial intelligence (AI), and data processing technologies to transport […]