Gold prices rose on Thursday as geopolitical uncertainty and trade war concerns boosted safe-haven demand, with low trading volumes expected as U.S. markets are closed for the Thanksgiving holiday. Spot gold was up 0.4% to $2,645.41 per ounce at 1205 GMT. U.S. gold futures were up 0.3% to $2,644.70. Bullion posted its deepest one-day decline […]
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Nornickel sees new technologies sustaining China's palladium demand
Mining DocRussian metals giant Nornickel believes that new technologies it is developing, including for the synthesis of hydrogen, will create demand for palladium in China equal to up to 15% of current consumption, a top executive told Reuters. Demand from makers of internal combustion engine (ICE) vehicles who use palladium in exhaust pipes to neutralise emissions […]
The various type of wet scrubbers
Mining DocDefinition Wet scrubbers accomplish particulate collection by employing water or another liquid as the collection media. There are many scrubber designs, but most particulate scrubbers work by creating a wetted target for particle collection. This wetted target plate can be a bed of water or a zone where the particle and water droplet collide. Benefits […]
Gold steady as inflation data sparks caution over Fed rate outlook
Mining DocGold prices held steady on Thursday as investors assessed a wave of economic data indicating persistent U.S. inflation, hinting that the Federal Reserve may proceed cautiously with further interest rate cuts. Spot gold held its ground at $2,637.78 per ounce, as of 0739 GMT. U.S. gold futures edged 0.1% lower to $2,637.30. A line chart […]
Driving Innovation in Mining-The Transformative Power of Digital Investment, AI, and Edge Computing
Avadh4mayIntroduction: – The mining industry is undergoing a profound transformation, driven by rapid advancements in digital technology, automation, and data-centric solutions. As global demand for resources grows, mining executives and leaders are increasingly prioritizing investments in digital infrastructure to enhance operational efficiency, boost innovation, introduce electrifications and ensure workforce safety. From harnessing real-time data to […]
Baghouse collectors: an overview
Mining DocIntroduction Baghouse dust collectors capture the particulate in an air stream by forcing the airflow through filter bags. A baghouse works by taking the inlet dust-laden air and initially reducing the velocity to drop out larger particles. The baghouse then filters the remainder of the particles by passing the air through a fabric bag. Separation […]
Vedanta Resources accepts bids worth $800 million for dollar bonds, bankers say
Mining DocUK-based Vedanta Resources, parent of India’s Vedanta, has accepted bids worth $800 million for two planned dollar bonds to refinance outstanding debt due in 2028, two bankers said on Tuesday. The company will pay a coupon of 10.25% on three-year and six-month bonds and 11.25% on seven-year bonds, the bankers said, compared with the initial […]
Application of remote sensing in mining
Mining DocRemote sensing technology is widely used in detection of earth resources, prediction of earthquake and volcanic eruption, monitoring of environmental pollution as well as departments such as metallurgy, geology, oil, agriculture, forestry, water conservancy, surveying and mapping, weather, ocean and so on. Remote sensing technology is superior with characteristics of wide range, fast speed and […]
Resolute Mining's CEO and two executives released by Mali government
Mining DocAustralia’s Resolute Mining said on Thursday its CEO Terence Holohan and two other employees, who were detained by the Mali government earlier this month, have been released from the country. Resolute’s CEO and two executives were detained in Mali’s capital Bamako to hold discussions with mining and tax authorities regarding general activities related to the company’s business practices, […]
Gold gains for fourth day as geopolitical tensions escalate
Mining DocGold prices rose for a fourth straight session on Thursday, driven by safe-haven demand amid escalating tensions between Ukraine and Russia, while investors awaited remarks from U.S. Federal Reserve policymakers for clues on the interest rate outlook. Spot gold was up 0.5% to $2,663.47 per ounce, as of 0745 GMT, while U.S. gold futures rose […]