Russia on track to become world’s top gold producer by 2029 – report

Anastasia Bogdanova | August 13, 2020
img0 Despite some disruptions caused by the covid-19 pandemic, Russia is expected to surpass China as the world’s top gold producer by 2029, achieving average annual growth of 3.7% y-o-y between 2020 and 2029. This forecast was presented in a report by Fitch Solutions Country Risk & Industry Research, whose experts believe that in the short-to-medium ...

Newly formed Metso Outotec wants to drive mining’s transformation with sustainable processing

MINEX Forum | July 1, 2020
img0 As sustainable processing of the world’s natural resources is becoming a norm within industries like mining, newly formed Metso Outotec says it is actively driving the transformation. The company says: “Growing interest towards the environment and the impacts of climate change, urbanisation, decreasing ore grades and electrification are forcing traditional industries like aggregates, minerals processing ...

Velocity Minerals discovers Bulgarian high-grade gold

MINEX Forum | June 16, 2020
img0 Velocity Minerals Ltd. [VLC-TSXV] has discovered new outcropping gold mineralization at the Kazak target area and received additional positive drill results from the Rozino South Zone, both of which are priority exploration targets close to the Rozino Project, Bulgaria. The company is prioritizing exploration in these areas as any discovery arising from the current exploration could ...

Belgium expands probe into zinc miner Nyrstar

MINEX Forum | June 12, 2020
img0 Belgium’s Financial Services and Markets Authority (FSMA) has broadened a probe kicked off in September into zinc firm Nyrstar NV that examines possible ties between the company and Trafigura, the world’s no.2 metals trader. Geneva-based Trafigura took control of Nyrstar in early 2019 as part of a restructuring process that all but wiped out other ...

How automation can transform mining

MINEX Forum | April 29, 2020
img0 Mining is a traditionally analogue business. After all, the industry’s symbol worldwide is a hammer and pick. Yet, despite the sector’s antiquated reputation, some major mining companies are taking a progressive stance and proving digitisation and automation can achieve much better operational outcomes. Known as Mine 4.0, the industry is seeing digital transformation creep into everything from ...

Russia slams Trump’s order to spur mining on the moon

MINEX Forum | April 10, 2020
img0 Russia’s space agency Roscosmos has condemned US President Donald Trump’s order signed this week, which encourages citizens to mine the moon and other celestial bodies with commercial purposes. The government body likened the policy to colonialism and said it “hardly sets the countries to fruitful cooperation.” “There have already been examples in history when one ...

Tara Mines resumes production operations in Ireland despite coronavirus risk; zinc and lead used for healthcare products

MINEX Forum | April 7, 2020
img0 While most workplaces outside those involved in the delivery of frontline emergency services, food and medicines have closed in response to the Government’s imposition of new public health guidelines its Swedish owner Boliden told its employees it had decided to reopen Tara Mines. The mine will resume production on the grounds that the zinc and ...