The Theory of Constraints (TOC) is a robust management framework that views any system as being governed by one or more limiting factors, commonly referred to as “constraints” or “bottlenecks.” These constraints restrict the system’s capacity to achieve its objectives. Long applied in manufacturing, Whittle Consulting has refined this methodology for application in mining strategic […]
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Australia's Fortescue aims to eliminate fossil fuels at its mines by 2028
Mining Doc
Australia’s Fortescue (FMG.AX), opens new tab said on Friday it was expediting the rollout of an off-grid green energy system to eliminate fossil fuels, particularly diesel, from its iron ore operations, helping it cut costs as power prices rise due to the Iran war. Fortescue expects to save $100 million in fossil fuel costs by […]
Copper at over three-week high; investors weigh US-Iran talks
Mining Doc
April 10 (Reuters) – Copper prices edged up to a more than three-week high on Friday, on track for a weekly gain, even as investors doubted the sustainability of the U.S.-Iran ceasefire and kept a lid on the metal’s advance. The benchmark three-month copper on the London Metal Exchange rose 0.39% to $12,731 a metric […]
Ghana will restrict the purchase of the Gold Fields mine to only locally owned companies.
Mining Doc
The Ghanaian government has officially restricted the sale of the Damang Gold Mine to 100% locally owned firms, marking a historic pivot toward indigenous sovereignty. This landmark policy shift moves away from decades of foreign multinational control to ensure the nation’s mineral wealth directly benefits its citizens. By prioritizing local equity, Ghana is positioning itself […]
Congo sets end of April as deadline for cobalt miners to utilize their 2025 export quotas.
Mining Doc
The Democratic Republic of Congo has issued a firm ultimatum: mining firms have until April 30 to clear their 2025 cobalt export quotas. This directive, handed down by the regulator ARECOMS, specifically targets lingering fourth-quarter volumes that were previously stalled by logistical bottlenecks. Should companies fail to ship these stocks by the deadline, they will […]
Gold prices retreat as Trump threatens further attacks on Iran
Mining Doc
Gold retreated from two-week highs on Thursday after U.S. President Donald Trump said that Washington would continue its military campaign in Iran in the coming weeks, pushing crude prices sharply higher and dampening hopes of interest rate cuts. Spot gold was down 2% at $4,664.39 per ounce, as of 0439 GMT, snapping a four-day winning […]
Exclusive: Venezuela's Rodriguez readies Citgo board takeover, sources say.
Mining Doc
Venezuelan interim President Delcy Rodriguez’s administration is getting ready to take over the boards of state oil firm PDVSA’s U.S. subsidiaries, including Citgo Petroleum, four sources close to the preparations said. The move could aggravate a tug of war for the control of the seventh-largest U.S. refiner. Washington in March recognized Rodriguez as Venezuela’s leader […]
Gold demand improves in India as prices ease; China sees softer buying
Mining Doc
Gold demand in India saw a slight uptick this week as softer bullion prices attracted some buyers, though many remained cautious and held off for further price drop, while premiums in China narrowed as physical demand slowed. Bullion dealers in India offered discounts of up to $61 per ounce over official domestic gold prices this […]
Rio Tinto boosts 2025 Australian supplier spend to record A$19.7 billion
Mining Doc
Rio Tinto spent a record A$19.7 billion with more than 6,000 Australian suppliers in 2025. This represents a A$2 billion increase on the previous year, supporting jobs and businesses across Australia. About A$1.5 billion was spent with local suppliers in the regions where the company operates, supporting local jobs and local communities. A record A$1.1 […]
Iron ore, LNG ports in Australia's Pilbara mining hub close as cyclone strikes.
Mining Doc
Key iron ore and liquefied natural gas (LNG) ports in Western Australia were closed on Thursday as a tropical cyclone struck off the coast of the resources rich Pilbara region, the ports’ operator said. Pilbara Ports said operations at the ports of Ashburton, Cape Preston West, Dampier and Varanus Island were all shut amid strong […]