7.6 Magnitude Aftershock Hits Chile’s Mining Area
A 7.6 magnitude of aftershock hit a mining location in Chile. This aftershock was because of the 8.2 magnitude earthquake last Tuesday which lead to the death of 6 individuals. There were no casualties recorded after the aftershock. However, President Michelle Bachelet was forced to evacuate the area. He stayed in a hotel in the city of Arica. […]
Nanosilver: Breakthrough or Biohazard?
Silver (Ag) has been incorporated in several items that require to be free from bacteria such as socks, underwear, running shirts, and so on. This is to resolve how many individuals fear germs, thus, having it to keep one healthy. However, several scientists and environment analysts warn users and manufacturers that silver may impose health […]
Focus on Long Term Incentives for Executives
Barrick Gold Corp. (TSX:ABX) will be revamping its executive compensations that would focus on long term benefits rather than focusing on mere bonuses. The new terms will increase the number of shares an executive possesses, too. This is to resolve the company’s issues about their executives being paid less in 2013 compared to 2012. According to […]
Mining the Moon for Gold
About 5 years ago, mining the Moon is not entertained by geologists. Not that it is impossible but because they do not believe that essential minerals and elements may be found in it. However, if you will mention the idea now, geologists, business magnates and even the government will certainly welcome the idea. Didn’t NASA […]
Georgia Allowed RMG to Mine in Sakdrisi
RMG was given a permission to mine a 5400-year-old mine located in Georgia. Deputy Culture Minister Alexandre Margishvili said that RMG was already informed that they can now continue mining at the location, given the condition that experts and specialists will be allowed to inspect the location to ensure that mining will be carefully done. […]
Debswana and its 4 Diamond Mines
Debswana Diamond Company Ltd, or simply Debswana, is a mining company that mainly operates in Botswana. It is a joint venture between De Beers and the government of Botswana, both having an equal share of 50%. They own 4 diamond mining locations in Botswana that do not allow private mining. All operations will be under the […]
Cheap Copper VS Strong Euro
Copper’s price is depreciating for the past years while Euro starts to strengthen compared to US dollar, thus, many industries that use copper in their products see it as an advantage. The conditions of the copper and Euro are certainly favourable to several businesses as they could acquire higher profit. It is a very unusual […]
5 Bodies Recovered in a Mine Located in Ghana
5 people, including a 1-year-old child, died due to an illegal mining in Ghana’s Central Region. According to reports of an Accra-based radio station, these illegal miners were buried alive because of the mishap, leaving them helpless until they lose their lives. The 1-year-old girl was with her parents who are attempting to acquire gold […]
Mining Industry’s Top 5 Magnates
A list of Top 5 Magnates of the Mining Industry has been collated so as to aspire miners that this industry boosts a person’s wealth. These personalities were listed on the Forbes’ list of richest people in the planet. Oh, yes! Several individuals included on the list were from the mining industry — a proof […]
5 Most Controversial Mining Projects
Mining has generally been controversial in many aspects. Acquiring important metals and elements could possibly impose harm to local inhabitants and environment. We have summed up all the most controversial mining projects in 2013: Greece: Skouries Gold Mine In November 9, 2013, a peaceful march was held in Thessaloniki, Greece, where thousands of people attended. […]