Mining industry news covering mineral extraction, mining companies, commodities, and global mining sector developments.
India's environment ministry granted in-principle clearance to divert 1,742.6 hectares of Hasdeo-Arand forest for the Kente extension coal block, to be mined by Adani Group. The project involves felling 4.48 lakh trees and is subject to two-phase mining over 15 years, despite a 2021 recommendation against mining in the area.
The Department of Petroleum and Mineral Resources demonstrated its emerging mining cadastre to the media on a virtual platform. The system is currently in a test run in the Western Cape province, operating without hitches, ahead of a nationwide rollout.
The AIFC and HKEX are engaging Kazakh mining companies for dual listings in Hong Kong after a landmark debut last year. AIFC governor Renat Bekturov called partnership agreements signed during Hong Kong Chief Executive John Lee's visit a milestone for cooperation, expecting greater investment flows and awareness of Central Asia among Asian investors.
Environmentalists and First Nations groups criticize a new BHP agreement with South Australia for failing to stop Great Artesian Basin water extraction. The updated indenture removes copper production caps and extends BHP's lease, enabling expansion. BHP must stop drawing from Wellfield A by 2036 but can continue Wellfield B, extracting 29 million liters daily.
This commentary profiles Tonopah, Nevada, a historic mining town anticipating an economic revival due to Trump administration policies promoting domestic mineral extraction. The article argues that local business owners like Harry Chahal are investing in their properties, betting on a prosperous future driven by a lithium and boron mining boom.
Mutapa Gold Resources, Zimbabwe's largest state gold miner, plans to double annual gold production to over 400,000 ounces by 2029. The company secured $75 million for the Shamva Hill open-pit project, expected to boost output by over 80,000 ounces annually, with construction starting in August. Production fell 10% to 104,626 ounces in the last fiscal year.
SigraFi Ltd signed a long-term supply and financing agreement with PeaceGold Trading Company to expand traceable artisanal gold exports from eastern DRC. The deal provides working capital and refinery-delivery support to mining cooperatives in Ituri Province, building on PeaceGold's decade-long efforts to legalize mining and reduce mercury use.