Combined scope 1 and 2 greenhouse-gas (GHG) emissions from the world’s largest gold producers fell below 30-million tonnes of carbon dioxide equivalent (CO₂e) in 2024, marking the first time since 2014 that the industry has reached this level, according to the ‘Gold ESG Focus 2025’ report published by Metals Focus on September 11. The report shows that total emissions from leading gold miners have decreased for the fourth consecutive year, falling 2% year-on-year to a little more than 29.9-million tonnes of CO₂e. “The reduction reflected asset divestments, renewable-energy projects and new grid connections, although lower gold output meant average emissions…
Author: TJ Markle
The strategic cooperation agreement signed today by Bahrain and the United States has taken many observers by surprise. While all eyes were focused on the ongoing saga of a possible US-Saudi-Israel deal, Washington and Manama were quietly negotiating a strengthening of the United States’ commitment to the region that will have far-reaching consequences for the Gulf and beyond. Bahrain and many of its neighbors have long desired more dependability and predictability from the United States—not just with respect to the threat posed by Iran, but as a partner on whom they can count on through thick and thin. From the…
Copper prices have been on a volatile ride this year. The price of the red metal hit a then-high of $5.24 USD per pound on March 26, before dipping to $4.05 per pound on the back of global trade tensions. It then more than made up this ground, reaching a new record of $5.69 per pound on July 8, following the announcement of a planned 50% tariff on copper imports to the U.S., only to fall again when it emerged the tariff would only apply to semi-finished copper products and not ore or refined copper. In the short term, questions…
Anglo American (LON: AAL) and Teck Resources’ (TSX: TECK.A, TECK.B)(NYSE: TECK) planned $53 billion merger could create the world’s largest copper mine by the early 2030s, surpassing BHP’s Escondida in Chile, according to analysts. The centrepiece of the deal is the integration of Teck’s Quebrada Blanca (QB) mine with Anglo’s Collahuasi operation. Together, they could generate about one million tonnes of copper annually, industry analysts say. “It is absolutely feasible that a Collahuasi-QB complex could surpass Escondida’s level of copper out-turn in the early 2030s,” CRU Group analyst William Tankard said in a note. A proposed 15-kilometre conveyor would link…
Trump issued a new executive order Friday, removing import tariffs on gold bullion, graphite, tungsten, uranium, and other critical metals, while slapping silicone products with new levies. The directive takes effect Monday, and it follows recommendations from U.S. officials and is tied to the ongoing “national emergency” Trump declared when he first triggered his broad country-level tariff agenda in April. This change comes after a ruling by U.S. Customs and Border Protection caused a wave of panic among gold traders by indicating bullion would be taxed. That triggered confusion across the commodities markets. Trump’s decision also makes it easier for…
Donald Trump moved Friday to exempt graphite, tungsten, uranium, gold bullion and other metals from his country-based tariffs, while subjecting silicone products to the levies. President Donald Trump moved Friday to exempt graphite, tungsten, uranium, gold bullion and other metals from his country-based tariffs, while subjecting silicone products to the levies. The changes are set to take effect on Monday under an executive order issued Friday. Trump’s directive could also speed implementation of bespoke trade deals between the US and other countries, making it easier for Washington to lift tariffs on aircraft parts, generic pharmaceuticals and certain products that can’t…
Useful resource depletion is among the largest challenges going through the mining trade. The problems of declining grades and frequency of discoveries are well-known, however depletion can also be driving miners ever deeper in quest of ore. There may be extra to ultradeep mining is extra than simply digging a deeper gap; whereas the logistical difficulties of excavating 1000’s of meters of overburden are apparent, there are a lot of different, extra insidious challenges. Introduction ‘Deep’ mining is a relative time period, however typically something above 500 m might be thought-about shallow. Underground mines routinely attain 1000 m; something beneath…
Russian billionaire Vladimir Potanin has said he is wants to ramp up exploration of rare earth reserves in Russia and Russian-occupied Ukraine, hinting that “foreign partners” may be brought into the fold amid the Trump-drive thaw. Potanin, who owns the metallurgical giant Norilsk Nickel (Nornickel) and like most oligarchs in Russia, has close links with President Vladimir Putin, said there are many resources in Russia which remain unexplored. His comments on Tuesday, cited by state news agency Interfax, follow an overture by Putin this month offering Trump the opportunity to jointly explore Russian deposits of rare earth metals. They also…
China’s strategic investment in processing instead of mining rare earth metals has led to its nearly total domination of worldwide rare earth metal production, giving it leverage over the U.S., an industry expert said in the latest episode of the “Threat Status” podcast. “Rare earths are needed for wind turbines, electric vehicles, missile systems, computers, the AirPods that you might be listening to right now,” Nick Myers, CEO and co-founder of rare earth processing company Phoenix Tailings, told “Threat Status.” “And they’re pretty much needed across every little thing. And China controls 97%,” he said. Rare earth metals are a…
A bipartisan group of lawmakers is seeking a resolution to help stabilize fertilizer markets. U.S. Senator Joni Ernst tells Brownfield a new letter on Wednesday asks Secretary of the Interior Doug Burgum to add phosphate to the U.S. Critical Minerals List. “The designation would bolster phosphate production right here in the United States,” Ernst said Wednesday morning. “We know that we rely heavily on imports from other countries like China and Morocco, but what we need to do is bring that phosphate production home.” In the letter, the lawmakers also thanked Burgum for heeding their call to include potash on…