Gold prices surged to an all-time high on Tuesday, extending their record run, as investors flocked to the safe-haven asset to guard against the potential repercussions of U.S. President Donald Trump’s reciprocal tariffs. Spot gold was up 0.1% at $3,125.69 an ounce, as of 0745 GMT, after hitting a record high of $3,148.88. U.S. gold […]
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Gold rises as fears mount over Trump's reciprocal tariff plans
Mining Doc
March 27 (Reuters) – Gold prices rose on Thursday as U.S. auto tariffs ratcheted up global trade tensions ahead of an April 2 deadline for reciprocal tariffs from the world’s largest economy. Spot gold was up 0.3% at $3,028.65 an ounce, as of 0650 GMT. U.S. gold futures gained 0.5% to $3,036.10. Investors feared that […]
US power firms lift coal pollution to protect profits so far in 2025.
Mining Doc
U.S. power producers emitted over 304 million metric tons of carbon dioxide (CO2) from power generation over the first two months of 2025, which was the highest for that period since 2019, according to data from energy think tank Ember. The emissions tally marked a 9% rise from the same period last year and was […]
Understanding the concept of stripping ratio in mining
Mining Doc
Introduction The stripping ratio in mining refers to the amount of waste material (overburden) that must be removed to extract a unit of ore. It is a critical metric in surface or open-pit mining, as it directly impacts the economic viability of a mining operation. That said, stripping ratios are not only about the volume of unwanted […]
China export controls freeze antimony shipments to EU from October
Mining Doc
China has not shipped any antimony to European Union countries since October, customs data showed on Thursday, after the dominant supplier-imposed export control that have fuelled a surge in global prices for the strategic metal. Accounting for almost half of global supply in 2023, China’s restrictions since last year have upended supply chains for antimony, which […]
Indian steel prices facing risk from Chinese imports, tariff pressures, Fitch says.
Mining Doc
Indian steel prices will face pressure in the upcoming fiscal year as local mills grapple with cheaper imports from China and rising risks from aggressive tariff policies, Fitch Ratings said on Tuesday. The agency reduced its headroom for ratings upgrades for India’s top steelmakers by market cap – JSW Steel, currently rated “BB” with stable […]
How AI is Transforming Drilling and Blasting in Mining
Mining Doc
Image rights: superpit.com How AI is Transforming Drilling and Blasting in Mining Drilling and blasting are among the most significant cost drivers in mining operations, accounting for up to 30% of total operational expenses. Beyond the direct costs of explosives and drilling equipment, inefficiencies in these processes lead to downstream complications, including increased crushing and […]
How can flyrock be controlled?
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Image rights: https://dailytimesng.com/group-kicks-rock-blasting-residential-areas/ Definition “Flyrock” means rock that is thrown through the air because of blasting. Flyrock is an integral part of blasting that needs to be properly controlled. If flyrock is uncontrolled the rocks, which can travel significant distances, pose a risk to persons involved with blasting as well as anyone else around the […]
Unveiling the difference between junior and senior mining companies.
Mining Doc
Image rights: Istock (Website: 19,703 Open Pit Mine Stock Photos, Pictures & Royalty-Free Images – iStock) Understanding the nuanced differences between senior and junior mining companies is paramount for investors seeking to navigate the intricacies of the mining industry. While senior miners offer stability, dividends, and a diversified production base, juniors present the allure of […]
How do mining companies manage financial risk?
Mining Doc
Image rights: Unsplash Introduction Mining projects, characterized by their substantial capital requirements and long-term horizons, are inherently risky. Effective financial risk management is crucial for ensuring the viability and profitability of these projects. This article explores the various financial risks associated with mining projects and outlines strategies for managing these risks. Key Financial Risks in […]