Tag Archives: Gold

#NASA’s Advanced Hyperspectral Systems Revolutionise #CriticalMineral Discovery

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A satellite equipped for mineral mapping is shown orbiting Earth, with colorful mineral mapping data displayed over mountainous terrain.

NASA mineral mapping technology represents a groundbreaking advancement in mineral exploration, utilising hyperspectral imaging to identify critical battery materials from stratospheric altitudes. This technology captures electromagnetic radiation across 224 contiguous spectral bands, enabling detection of lithium, cobalt, and titanium compounds across vast geographic regions whilst accelerating discovery timelines that traditionally required decades of ground-based exploration.

NASA mineral mapping technology operates fundamentally differently from conventional satellite imaging through its ability to capture electromagnetic radiation across 224 contiguous spectral bands spanning 400-2,500 nanometres. Traditional satellite systems like Landsat utilise only 11 spectral bands, while Sentinel-2 operates with 13 bands, creating significant limitations in mineral identification capabilities.

Read more at: https://discoveryalert.com.au/nasa-mineral-mapping-hyperspectral-imaging-2025/

#India’s push for self-reliance in #RareEarth Magnet making is laudable

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A collection of various rare earth magnets in different shapes and colors, displayed prominently in an industrial setting, with flags of India in the background.

Presently, there are a few small Indian companies engaged in manufacturing rare earth magnets. The industry needs a big push to feed the new generation of industries – from electric vehicles to fighter aircraft engines, wind turbines, and laptops to mention a few. Lately, it has come into a big focus as the world is moving towards electric vehicles. Rare earth magnet is a crucial component of electric vehicles (EVs). Fortunately, India has large rare earth deposits. Globally, it ranks third after China and Brazil.

The demand for rare earth magnets in India is expected to increase sharply in the coming years, driven by the expansion of EV manufacturing, increasing electronics output, defence production, industrial automation and renewable energy generation. For the present, the country uses rare earth magnets to the extent of 4,000 tonnes per year, mostly through imports. Among the companies currently manufacturing rare earth magnets in India are: IREL (India) Limited, Permanent Magnets Limited, Ashvini Magnets Private Limited, Star Trace, Eriez Magnets, Kumar Magnet, Sonal Magnetics, A to Z Magnet Mfg. Co. and Pragati Enterprises. The demand for rare earth magnets is projected to double by 2030. Lately, China has imposed restrictions on exports. Earlier this year, China slapped export licenses for seven types of rare earth elements and derivative products.

Posted on October 19, 2016

‘#India not realising potential of #RareEarth industry’

Read more at: https://thenorthlines.com/indias-push-for-self-reliance-in-rare-earth-magnet-making-is-laudable/

Gold Ends Firmer on Weaker U.S. Dollar and Some Safe-Haven Demand

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(Kitco News) – Gold prices ended the U.S. day session modestly higher Monday. The precious metal was given a boost by a weaker U.S. dollar index. There was also some fresh safe-haven buying interest in gold Monday as North Korea’s leader continues to make threatening comments toward the U.S. and South Korea. June Comex gold last traded up $4.20 at $1,599.90 an ounce. Spot gold was last quoted up $2.00 at $1,600.00.  May Comex silver last traded down $0.353 at $27.97 an ounce.

http://www.forbes.com/sites/kitconews/2013/04/01/p-m-kitco-metals-roundup-gold-ends-firmer-on-weaker-u-s-dollar-and-some-safe-haven-demand/

 

Fortuna Silver’s San Jose Mine Mill Expansion A Small Part Of A Bigger Picture

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In Southern Mexico, Fortuna Silver Mines Inc. (TSX:FVI)(NYSE:FSM) has been quietly and steadily building its San Jose Mine, moving it from an exploration project to a growing commercial silver and gold producing mine.

http://www.forbes.com/sites/kitconews/2013/03/19/feature-fortuna-silvers-san-jose-mine-mill-expansion-a-small-part-of-a-bigger-picture-2/

Fluor Awarded New Mining Work at Barrick Gold’s Pascua-Lama Site

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IRVING, TEXAS — Fluor Corporation (NYSE: FLR) announced today that the company was awarded a series of follow-on contracts from Toronto-based Barrick Gold Corp for new scopes of work at the Pascua-Lama mining project located on the Argentina/Chile border. Fluor booked the undisclosed value into backlog in the fourth quarter of 2012.

Russia emerges as world’s top gold buyer, adding 570 metric tons in last decade

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Over the last decade Russia’s Central Bank acquired 570 metric tonnes of gold. The amount is almost triple the weight of the American Statue of Liberty and makes Russia the world’s biggest buyer of gold.

http://rt.com/business/news/russia-biggest-gold-buyer-946/

 

Rio Tinto considers restarting Papua New Guinea copper mine

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Rio Tinto is looking into restarting its Panguna mine in Papua New Guinea, one of the world’s largest sources of copper and gold.

http://www.reuters.com/article/2013/02/07/riotinto-australia-bougainville-idUSL4N0B72ZC20130207

Silver Wheaton in $1.9 billion stream deal with Vale

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Silver Wheaton Corp said on Tuesday it had signed a $1.9 billion deal with Brazil’s Vale SA to acquire a share of the gold produced at some of the company’s mines in Brazil and Canada.

http://www.reuters.com/article/2013/02/05/silverwheaton-vale-idUSL1N0B5OEB20130205

 

More than just costs are a concern at Barrick Gold’s $8.5B Pascua-Lama megamine

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But what happens up here in Pascua-Lama, where Canadian mining giant Barrick Gold is developing the first open-pit gold mine to straddle two countries, will have a huge impact on the people living in the valleys below on both sides of the border — for better or for worse.

http://business.financialpost.com/2012/12/14/more-than-just-costs-a-concern-at-barrick-golds-8-5b-pascua-lama-megamine/

 

Xstrata mine in Philippines set back to 2019

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MANILA, Philippines—Swiss mining giant Xstrata has set back the commercial production of its $5.9-billion project in the Philippines to 2019 due to problems with security and the government, the company said Wednesday.

http://business.inquirer.net/97991/xstrata-mine-in-philippines-set-back-to-2019

 

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