West Cobar Metals has quadrupled its rare earth resources at its Salazar mine near Esperanza in Western Australia. With a total rare earth oxides (TREO) boundary grade of 0.06%, the resources of the Salazar project increased from 43.5 million tons, 0.1192 percent, to 190 million tons, 0.117 percent. Among them, the resources of the Newmont deposit is 83 million tons with a grade of 0.1117%. The O'Connor deposit has a first resource of 107 million tons and a grade of 0.1216%. The estimated resource is believed to be Australia's only clay-based rare earth resource to date. The project has been in the works for eight years. Secobar Metals manager Matt Szwedzicki believes it is one of the largest clay-type rare earth deposits in Australia where exploration is well advanced. Svidecki believes that the increase in resources alone is "amazing", but more important is the high grade, and the proportion of rare earths (praseodymium, neodymium, dysprosium, terbium) in the magnet is as high as 25%. The company found that the Xinfeng deposit contains relatively high amounts of dysprosium and terbium compared to other clay-based rare earth deposits. Compared with Xinfeng deposit, the content of praseodymium is higher and that of dysprosium is lower. The first resource estimate for the deposit was based on only 54 air drills, widely spaced, and geophysical data indicate that the resource may increa

Russia will exempt coal export taxes in the first quarter of next year, according to Russian media reports. At the same time, the Russian Finance Ministry will monitor the coal market and decide whether to resume the tax based on the results of the monitoring in the first quarter. Russian Deputy Finance Minister Sergei Sazanov said in a media interview that thermal coal and coking coal will be exempted from export taxes from the beginning of 2023, but will continue to collect mining taxes. It is said that from January 1 to March 31, 2023, Russia will increase the mineral mining tax rate of anthracite, coking coal and thermal coal, which will bring 14.4 billion roubles to the government budget. According to the rules, Russia's thermal coal and coking coal export tax thresholds are set at $150 per tonne FOB and $170 per tonne FOB respectively, with a tax rate of 40 per cent. In recent months, Russian coal exports have been priced below the tariff threshold and, in some areas, below the cost of production.

The mining of non-ferrous metal ores in Kazakhstan increased by 105% in the first nine months of 2022, Hartnews agency reported on Oct 18. From January to September 2022, the output value of Kazakhstan's industrial products reached 35,963 billion tenge, including 18,827 billion tenge in the mining sector (52.4 percent of the total) and 15.23 billion tenge in the manufacturing sector (42.3 percent). Compared to the same period in 2021, the report said, The output of non-ferrous metals (105.6 percent), coal (102.1 percent), beverages (107 percent), tobacco (115 percent), chemicals (110.7 percent) and metallurgy (104.7 percent), rubber and plastic products (104.9 percent), and manufactured metal goods other than machinery and equipment (102.5 percent) all increased.

Saudi Arabia recently announced the discovery of new copper and gold deposits in the Medina region. The Mineral Exploration Center of the Saudi Geological Survey said the new gold deposit is located in the Aba-Ali-Raha area of Medina, and the copper mine is located in Ali-Majik area of Medina. New copper and gold discoveries are set to attract international and local investment for development, with plans to attract $533 million in investment and create about 4,000 jobs, helping boost Saudi Arabia's mining industry. This new discovery and subsequent development plans are in line with Vision 2030 promulgated by Crown Prince Mohammed bin Salman; The plan's main goal is to steer the country toward a diversified post-oil economy. In July, Saudi Arabia's minister of energy, Industry and Mineral Resources said the country's mining sector attracted more than $8 billion in foreign direct investment last year and expected to attract $170 billion by 2030.

Investment in mining exploration in Australia increased by 44.5 million Australian dollars (US $30.19 million) in the second quarter of 2022 to exceed A $1.02 billion (US $690 million), up 4.5% year on year, data from the Australian Bureau of Statistics showed recently. By mineral category, exploration investment in iron ore, nickel and cobalt was up 44 per cent, 24 per cent and 24 per cent respectively in the second quarter compared with the same period last year. On a state-by-state basis, investment in mining exploration in New South Wales, Victoria and Queensland rose 14 per cent, 1 per cent and 9 per cent year on year respectively; Mining exploration investment in South Australia, Western Australia, Tasmania and the Northern Territory rose 16 per cent, 28 per cent, 92 per cent and 48 per cent, respectively, compared with the previous year. Over the same period, investment in greenfield exploration in the country rose 2 per cent year on year.

Zimplats Holdings, a platinum group metals producer, said it had invested $270.3 million as planned in the first half of 2022 on successor mine and beneficiation projects. In November, the company announced its investment strategy for the next 10 years, with a total budget of $1.8 billion. Zimba Platinum's financial report for fiscal 2021-22 shows that development of the Mupani Mine is progressing well. The Mupani mine is a successor to the Rukodzi Mine (closed in June 2022) and the Ngwarati Mine, both of whose remaining mineral resources are expected to be completely depleted by 2025. The Mupani mine's capacity will increase from its current design capacity of 2.2 million tonnes per annum to 3.6 million tonnes per annum to replace some of the capacity from the Mupfuti mine, which is due to run dry in 2027. Accordingly, the total cost of the Mupani mine project is expected to increase from $264 million to $386.2 million. "A total of $441 million has been spent on the program this year

Turkey's mineral exports are expected to hit a new high this year after a record year last year, Energy and Natural Resources Minister Fatih Denmez said Tuesday. Turkey's total mineral exports reached a record high of $5.93 billion in 2021, with mineral exports rising 19 percent year-on-year to $3.36 billion in the first six months of 2022, a statement from the Ministry of Energy and Natural Resources said. In a statement, Mr. Denmez said the data showed that Turkey's total mineral exports would hit a new record this year. Exports are a big driver of Turkey's economic development, with mineral exports playing an important role, he said. He added that Turkey will continue to adhere to the policy of protecting the environment while exploiting mineral resources, and will not give up the protection of the natural environment because of the exploitation of mineral resources to develop the economy.

Algeria's national Oil Company announced on August 24 local time that it has discovered a new oil field with estimated reserves of 151 million barrels in the Siba region of Adrar province in southern Afghanistan, CCTV News reported. Algeria is a member of Opec and its oil and gas industry is the backbone of its economy. At present, the country's proven oil reserves are about 1.7 billion tons, accounting for 1% of the world's total reserves, ranking the 15th in the world, and natural gas reserves ranking the 10th in the world.

Vietnam oil and gas group, the hypothalamus (PVN), general manager of le manh hung said the first seven months of this year, despite the economic and political situation of the world is complicated, such as the conflict between Russia and Ukraine and the tension, the interest rate continuously rise, regional inflation, the cost of a sharp increase in raw material prices, face the difficulties of the supply chain, the enterprise profit space compression, However, with effective and flexible management measures, PVN can flexibly respond to changes in the international situation in a timely manner, make full use of valuec hain resources, reduce losses caused by negative effects, make full use of business opportunities brought by the market, and maintain stable and efficient production and operation activities. In July this year, crude oil production reached 900,000 tons, 19% higher than the set plan. In the first seven months of this year, crude oil production reached 6.38 million tons, 22% higher than the set plan, and 75% of the 2022 plan was completed. Meanwhile, in the first seven months of this year, production of refined oil products was 8 percent higher than planned, and nitrogen fertilizer production was 9 percent higher than planned. The production and supply of gas, electricity and other energy products are at a high l

Chile's national copper company (Codelco) recently announced that its copper production in the first half of 2022 was 736,000 tons, down 7.5% year on year; Pre-tax profit was $2.377bn, down 35.3 per cent from the same period last year, mainly due to lower copper prices and lower grade ore at the Ministro Hales mine in Minister, The Chuquicamata and El Teniente mines have low processing and recovery rates. As of the first half of this year, the total underground mine construction progress of Chile's Chuquicamata copper mine was 99.3%, the grade 1 continuous infrastructure construction progress was 25.7%, and the mine development progress was 35.8%. The Ertenient mine's Andes Norte project is at 74.5% progress; Early phase work on Diamante and Andesita are 99.1% and 94.9% advanced, respectively, and both will be completed this year; The Traspaso Andina primary crushing Line 1 has been completed and pre-commissioning of stage 2 crushing will take place in the last 4 months of this year, with the entire project to be completed by the end of 2022. The Rajo Inca project has completed grade 1 and 2 crushing and pre-grinding work.

The auction of solid mineral rights in Kazakhstan will be carried out online, Kazakh news agency quoted the press office of Kazakhstan's Ministry of Industry and Infrastructure Development as saying. This will further guarantee the transparency of mining rights grant and greatly improve work efficiency. At present, the Ministry of Industry and Infrastructure Development of Kazakhstan is revising the current "Relevant Provisions on the Auction Rules of Solid Mineral Exploration Rights and Mining Rights" and is seeking opinions from relevant ministries. The amendments mainly include determining the execution agency of online auctions, implementing the margin system, and avoiding irregularities such as favoritism and shady operations. In addition, kazakhstan industrial and infrastructure development, innovation and development are joint kazakhstan digital aviation industry to develop mineral resources utilization in the field of digital work, will make kazakhstan of geology and mineral resources information portal, unified providing social services, including issued by solid mineral exploration right or mining right, mining right change, cooperation agreement signed, and change.

According to MiningWeekly, Australia has joined the Mineral Security Partnership to seek to build and protect key mineral supply chains that are critical to clean energy technologies and the global transition to clean energy. The so-called mineral security partnership, which Australia just joined, includes the United States, Canada, Finland, France, Germany, Japan, South Korea, Sweden, Britain and the European Union. Australia's trade and tourism minister tang, ferrell (Don Farrell) said, "the United States play a strong leadership position in the new partnership, to help member countries and in our region and other major markets around the world, Australia into the international key mineral supply chain is very important to the global economy and technology". "The aim of the partnership is to promote public and private capital investment in mining, smelting and recycling projects, subject to strict compliance with environmental, social and governance standards".

Sri Lankan businessman Chamila Suranga shows the discovery of the world's largest single natural corundum (blue sapphire) in Horana, Sri Lanka, On December 12, 2006. The world's largest single natural corundum has been named "Queen of Asia" and weighs about 310 kilograms.

Colombia will increase coal and oil production to fill the energy gap caused by global sanctions against Russia, Energy Minister Diego Mesa said Wednesday. It is understood that Colombia has restarted coal exports to Ireland. Ireland stopped buying Colombian coal in 2016 because of human rights concerns. "Ireland used Russian coal to replace Colombian coal six years ago, but since the outbreak of the Russia-Ukraine conflict Ireland has switched to Colombian coal again." Reuters quoted Mesa as saying. Mr Mesa said international demand for coal was high and companies such as Drummond, one of Colombia's biggest producers, had secured contracts to deliver coal over the next 18 months. Poland has signed a contract with Drummond to supply 1 million tons of coal and is expected to secure another 2 million tons.

Argentina's mining exports are expected to exceed $4 billion in 2022, up nearly 25% from $3.221 billion in 2021, driven by rising mineral prices in the international market, according to official and industry statistics. Argentina's mining exports in January were us $227 million, up 20.1% year on year, including US $219 million of lithium and metal ore exports and US $800 million of other minerals exports. In terms of provinces, Santa Cruz remains Argentina's top mining exporter, with mineral exports of $124m in January, or 54.5 per cent of total exports. It was followed by San Juan, Jujuy, Salta and Catamarca with exports of us $29 million, US $28 million, US $26 million and US $14 million respectively. Accounting for 12.8%, 12.4%, 11.5% and 6% of total exports respectively. In recent years, the Argentine government, the Argentine Ministry of Production and Development and its mining Secretariat have vigorously promoted the development of mining and the low-carbon transformation of industrial energy in order to expand mining exports, increase fiscal revenue and promote economic gro

The conflict between Russia and Ukraine has led to a surge in energy prices, affecting Italy's economy, which has been dependent on Russian energy imports for years, euron.net reported. Although gas consumption in Italy reportedly declined between 2010 and 2014, thanks to an increase in subsidized wind and solar power. But in recent years, the country's reliance on natural gas has risen again as polluting coal-fired power plants have been taken out of operation. Currently, Italy imports 90 percent of its natural gas from abroad, including 45 percent from Russia. The urgency of Italy's energy situation is filtering through to consumers in the form of higher heating bills and higher petrol prices as energy prices rise.

The Memorandum of Understanding (MOU) announced by Australia and South Korea for cooperation in key mineral supply chains will build on previous commitments by both countries to further strengthen cooperation in the resource and energy sectors. There will be more and more cooperation in technology, trade and investment. South Korean investment in Australia, mainly in the resources sector, increased from A $12.8 billion in 2011 to A $32.7 billion in 2020, the data showed. In 2020, South Korea was Australia's fourth largest trading partner and fourth largest export market, accounting for $34.9 billion or 4.4 percent of Australia's total international trade. Australia's main exports include iron ore and coal. It is understood that in mid-December, The Australian battery Metal company expressed its hope to cooperate with South Korean electric vehicle companies as a major supplier. South Korea needs critical mineral supplies and has pledged to become a major battery manufacturer by 2030 and a carbon neutral plan by 2050. And Australia supplies 40 per cent of South Korea's key minerals, which are crucial to moving the world economy towards net zero emissions.

Russian Prime Minister Mikhail Myshustin said the government will set aside 80 million rubles (rmb6.8 million) for the families of those killed and injured in the mine accident in Kemerovo, the Sputnik news agency reported Monday. Each victim's family will receive 1 million rubles (RMB85,000) in compensation. "The government has decided to provide assistance to the families of the victims and the injured," Mishustin told the meeting. "For this purpose, an order of 80 million rubles has been issued, and the families of each of the victims will receive 1 million rubles as compensation." Mischustin added that each person who suffered serious and moderate injuries in the accident would be paid 400,000 rubles. Minor injuries will result in compensation of 200,000 rubles.

In 2021, according to Ung Dibula, director of Cambodia's General Department of Mineral Resources, Cambodia's Ministry of Mines and Energy has awarded gold mining licences to seven companies in five provinces. The seven gold mine sites awarded are located in Kratie Province, Preah Vihear, Mondulkiri and Ratanakiri provinces Province) and Battambang Province. Ministry of Minerals and Energy officials also said one of the seven gold mines in Mondulkiri province, invested by Renaissance Minerals (Cambodia) Ltd., had begun refining gold. Another six mines are being prepared to set up gold refining production chains. Cambodia's Renaissance Minerals, a subsidiary of Australia-listed Renaissance Minerals, has extracted about 800kg of gold ore from its commercially licen

China extended its defense of coal`s future after diluting demands for action at the COP26 climate summit, insisting a transition away from the dirtiest fossil fuel must be gradual. [In many developing countries, not everyone has access to electricity and energy supply is not adequate," Chinese Foreign Ministry spokesman Zhao Lijian told a regular press briefing Monday in Beijing. [Before asking all countries to stop using coal, consideration should be given to the energy shortfall in these countries." Both China and India, the biggest coal-consuming nations, have been ramping up output from mines in recent weeks to ease an autumn energy crisis that caused widespread power shortages and disrupted industrial activity.

Pretium Resources has made a new high grade gold discovery at the Golden Marmot prospect in the Brucejack concession in British Columbia, Canada, Mining.com reported. The company said it had received sample analysis results from the first nine boreholes, eight of which showed high grade gold mineralization. The most prominent was a 53.5 m gold ore with a gold grade of 72.5 g/t, including a 50 cm thick ore body with a gold grade of 6,700 g/t and a silver grade of 3,990 g/t. "The initial results from Golden Marmot are exciting and confirm the potential for the brucesjack area to scale," said Jacques Perron, president and CHIEF executive officer of the company. The gold orebody is 150 m wide, 250 m long and 275 m thick, similar to the Valley of the Kings gol

Ikongwe, Botswana's first iron mine, has started producing and exporting iron ore to China for the first time, a company executive said on Tuesday, Mining.com reported, citing Reuters, as the country seeks to wean its economy off its over-dependence on the diamond industry. Although the contribution of diamond mining to GDP has declined in the past few years and fell to less than 20% last year, Botswana remains heavily dependent on the gem mining industry, with diamond exports accounting for more than 70% of the country's foreign exchange earnings. Ikongui is owned by Vision Ridge, a unit of India's Yashomann Industries, and the first iron ore exports arrived in China in September. "We already have an order for 50,000 tonnes of iron ore a month from a sta

Copper production in September was 451,128 tonnes, down 3.4 per cent from August and 6.9 per cent from September 2020, Chilean government statistics agency INE said on Friday. Production in September was also the lowest since February because of strikes and declining ore grades at ageing mines. This year's surge in copper prices has given Chile's unions more clout than in the past, and labor negotiations have become more acrimony. The strikes, which lasted until September, included the Caserones mine, Codelco's Andina mine near San Diego and BHP's Escondida mine.

Driven by high coal prices, Fitzroy Australia Resources has restarted its Broadlea coking coal mine in Queensland, Australia, according to foreign media. In response to low coal prices due to the pandemic, Brodery mine started maintenance and maintenance mode during the period of low coal prices. The mine has a capacity of 1 million tons per year. Fitzroy Resources Australia has signed a contract with Golding Contractors to restart strip mining at Broodley colliery from early November for an initial period of six months. Brodery Colliery is an open pit coal mine about 7km north of Fitzroy Australian Resources' Carborough Downs mine. Brodery is positioned as a "motor" mine, which Fitzroy Resources Australia will only activate when market conditions are favourable