Tag: Mining
-
ASX Advances as Banks, Miners Lead Gains Despite Global Jitters
Australian Shares Rise as Banks and Miners Drive the Rally The Australian share market climbed on Wednesday, with the S&P/ASX 200 up 91.5 points (about 1%) to close at 8,990.90. The session followed a modest 0.2% gain on Tuesday, when mining stocks helped lift sentiment. Investors navigated a mix of domestic policy talk and international…
-
The Metals Company: A Canadian Growth Stock Poised for Big Upside in Deep-Sea Mining
Introduction: A Canadian growth stock with a high-risk, high-reward thesis Among Canadian equities, few opportunities spark as much debate as The Metals Company (NASDAQ:TMC). Based in Vancouver, TMC operates in a nascent field—deep-sea mining for battery minerals—where the potential reward could be enormous if the industry scales. This article assesses whether TMC could turn a…
-
FTSE 100 Live: Lloyds climbs as gold vaults over $4,000 while miners rally
Market snapshot: a broad-based lift for UK stocks The FTSE 100 finished the session higher, edging up and extending a remarkable stretch of gains as investors rotated into a mix of high‑quality cyclicals and financials. Lloyds Banking Group contributed to the move for banks, while miners propelled the index with copper and precious metal exposures…
-
Australia funds Glencore refinery lifeline to keep copper processing running
Background: why funds were needed Glencore’s Mount Isa Copper Smelter in Queensland and the adjacent Townsville Refinery faced a future in care-and-maintenance without government support. After months of negotiations and mounting losses, the company agreed to a multi-year rescue package that would keep the facilities online through 2028. The backing signals a strategic view by…
-
Glencore Refinery Rescue: Australian Taxpayers Fund Multi‑Year Lifeline for Mount Isa and Townsville Assets
Overview of the Rescue Package Australia will subsidise Glencore’s copper processing operations in Queensland, providing a multi‑million‑dollar lifeline to keep the Mount Isa Copper Smelter and the adjoining Townsville Refinery running through 2028. The federal and Queensland governments confirmed a $600 million financial bridging package, with the funding split 50:50 between the Commonwealth and the…
-
Reko Diq Revival Nears Life with $3.5B Financing Deal
Pakistan Moves Closer to Reco Diq Revival with a $3.5 Billion Financing Deal The long-awaited revival of the Reko Diq copper and gold project in Balochistan took a significant step forward as Pakistan finalised a $3.5 billion financing package with six major international financial institutions. The agreement signals a milestone for one of the country’s…
-
TRUST ITM Sensors: Real-Time Undercarriage Monitoring in Mining
Building TRUST Through Real-Time Undercarriage Monitoring In mining, conditions shift in an instant. A sudden change in ground moisture, temperature, or wear can ripple through operations, causing downtime, safety concerns, and costly repairs. ITM Group answers this challenge with TRUST ITM sensors, a cutting-edge solution designed to monitor undercarriage components in real time and translate…
-
The End of an Era: The Anglo American and Teck Merger
The Anglo American and Teck Merger: A Historical Overview In a landmark move that signifies the end of an era, the merger between Anglo American and Teck Resources Ltd. is set to reshape the landscape of the mining industry, particularly in South Africa. Founded by Ernest Oppenheimer in 1917, Anglo American has long been synonymous…
-
Canada’s Copper Rush: A Path to Nation-Building
Introduction to Canada’s Copper Strategy As global demand for copper continues to rise, Ottawa has identified copper mining as a crucial component of its nation-building agenda. With two major copper mines fast-tracked for development, Canada is positioning itself to harness this essential resource to not only bolster its economy but also to support a sustainable…
-
End of Buried Mining Tyres: A Sustainable Solution
Introduction Every year, a staggering 30,000 tonnes of mining tyres are disposed of, primarily ending up buried in landfills across Australia. These oversized tyres, vital for operations in the mining sector, contribute to significant environmental concerns. However, a new facility in Western Australia aims to redefine how mining companies manage this waste. With a focus…