According to Reuters, local time on October 9, the Palestinian-Israeli conflict led to another rise in important energy prices, European natural gas futures prices soared, 9 at one point rose 16%. The conflict has brought new uncertainty to global stability already shaken by the escalating crisis in Ukraine, dampened market confidence and hampered global efforts to contain inflation. As the Israeli-Palestinian conflict escalated, the Israeli government asked Chevron to shut down production at its Tamar offshore gas platform, citing security concerns, which could reduce supplies in the Eastern Mediterranean. Chevron said it was still supplying gas from Leviathan to customers in Israel and the region. "Our first priority is the safety of our employees, the communities in which we operate, the environment and our facilities," the company said in an emailed statement. On October 9, investors focused on the impact of the Israeli-Palestinian conflict on key Israeli gas fields, and European gas prices jumped on supply concerns. While the European natural gas futures surged, the US NYMEX natural gas futures rose about 1% in the 9th trading session, partly showing the capital market's pricing of this event. During the 2021 conflict, the Tamar platform was also temporarily halted by the Isra

Chile's "Courier" October 17 news, Chile's national copper company (Codelco) plans to acquire Australia's Lithium Energy International Company (LPI) for $202 million, which is Codelco's first acquisition of lithium mining projects, and has entered the due diligence stage. LPI has a "white" lithium mine project in Malikunga Salt Lake, with an intended investment of about $527 million and an expected annual production of about 20,000 tons. At the same time, Codelco is negotiating with the Chilean Chemical Mining Company (SQM) on the Atacama Salar, Codelco insists on owning more than 51 percent of the salt lake, while SQM will have the right to operate in the Maricunga Salt Lake. At present, more than a dozen companies have ownership in the Marikunga Salt Lake. To that end, Codelco submitted documents to Chile's mining ministry a year ago regarding its application to become the sole mining company in the salt lake. In this regard, the country's mining ministry is analyzing and discussing through legal affairs.

French mining group Orano has signed a framework agreement to spend 1.6 billion euros to develop the Zuuvch Ovoo uranium project in Mongolia. The project will be developed by Badrakh Energy, a joint venture between Orano Mining and Mongolian state-owned company Mon Atom, with production expected to begin in 2028. According to S&P Global Market Intelligence data, Zuuvch Ovoo is Mongolia's largest uranium asset, valued at $8.59 billion, and the project contains 172 million pounds of uranium. In addition, France has also signed an agreement to invest €400,000 to carry out a prospective evaluation of lithium resources in Mongolia.

On September 15, the reporter learned from China Coal Science and Industry Group that the world's first articulated 100-ton fully mechanized mining complete set of moving equipment independently developed by China Coal Science Taiyuan Research Institute has been successfully applied in Huozhou mining area in Shanxi Province, completing the auxiliary transportation operation of 100-ton super-high fully mechanized mining face equipment, Cone Crusher. In this auxiliary operation, the set of equipment completely solved the problem of efficient, safe and fast handling of super high mining equipment, marking that the coal mine super heavy trackless auxiliary equipment has entered the fast track of development. The reporter learned that the articulated 100-ton moving equipment includes WCJ100Y bracket truck and WCJ100E shovel plate truck. Among them, the WCJ100Y support truck is mainly used for the handling of hydraulic support on the working face, while the WCJ100E shovel type truck is mainly used for the transportation and underground disassembly of shearer, conveyor, transloader and other equipment in addition to the hydraulic support.

On September 1, CNOOC announced that the largest liquefied natural gas unloading arm independently developed and manufactured by China was officially put into use in Jiangsu. The unloading arm is an important channel connecting the transport ship and the receiving station pipeline to transport liquefied natural gas, which is called the "throat" of the receiving station. In the operation, Crusher Machine the unloading arm not only has to withstand the ultra-low temperature test of liquefied natural gas at minus 162 ° C, automatically adapt to the tidal drop of about 5 meters and the wind load of up to 65 meters/second, but also has complex functions such as rapid docking, emergency detachment, automatic shutdown, and only a few countries in the world have mastered the key technology of design and manufacturing. The discharge arm used this time is the first in China to have integrated loading and unloading function, which can not only receive and unload liquefied natural gas, but also realize reverse transport to the carrier, with higher flexibility. The domestic unloading arm has achieved a technological breakthrough, which can reduce the equipment procurement cost by 40% and shorten the supply cycle by 8 months.

Caixin September 6 news, the United Nations Environment Program's Global Resource Information Database Geneva Center (GRID-Geneva) has launched the world's first sea sand mining monitoring platform, which can track and monitor large dredging vessels engaged in mining and dredging at sea through the automatic identification system (AIS). The mining behaviors such as dredging, dumping and transshipment landing are identified and quantified by the specific characteristics of ship movement over time. The platform can locate the locations of large dredgers around the world and their mining areas, and estimate the amount of production, but it is not yet possible to detect manual small-scale mining activity. The United Nations Environment Programme (UNEP) launched the Sea Sand Monitoring Platform to improve the transparency of mining activities, promote better management of sand and gravel resources by industry authorities, and work with dredging and mining entities to reduce environmental impact through higher mining standards.

Turkish Minister of Energy and Natural Resources AlPasran. Turkey is close to signing a deal with China to build Turkey's third nuclear power plant, Bakhiraqar said on Friday. "We agreed on a key point for the construction of a third nuclear power plant in the Igneda region of Kerclareli province (in western Turkey) and we should be able to conclude negotiations in the next few months," Bayiral was quoted as saying by TRT. There are other parties interested in the project, but we [Turkey and China] have agreed on enough issues to be close to an agreement." Barakhtar noted that Turkey is continuing negotiations with Russia and South Korea on a second Sinop nuclear power plant. According to the long-term plan, Turkey needs about 20 gigawatts of nuclear power. Turkey is also in talks with countries that can build small modular reactors, such as 5 gigawatts.

According to Mining.com, the analysis believes that thanks to three mines in production and 38 projects under development, Argentina, the fastest growing country in lithium production, is expected to become the world's third largest lithium producer in 2027. Marcelo Bolton, a consultant to the mining and metals industry at the British Commodity Research Institute (CRU), recently said at the Lithium Forum in Chile that production in Argentina, after Australia, Chile and China, will increase from the current 34,000 tons (lithium carbonate equivalent, LCE) to 260,000 tons in 2027. However, to attract more investors to the sector, the foreign investment environment must improve, Bolton said. A good place to start, he noted, would be to "normalize" exchange rates to avoid the problem of dollar-denominated imports and exports of goods and services.

According to foreign media reports, on September 12, India's Federal Coal Minister Pralhad Joshi chaired a meeting of senior officials of the department to discuss ways to increase domestic coal production and supply. Joshi said that in order to formulate a coal production and supply strategy in the coming months, the meeting with the Ministry of coal officials to review ways to further increase the coal dispatch of thermal power plants. "In the past year, coal stocks and coal in transit have increased by 39 per cent, thus ensuring sufficient coal supply in India." Joshi said. In the second quarter of this fiscal year (July to September 10), India's coal supply to the power sector increased by more than 10% year-on-year, and the government is committed to

True North Copper's first diamond borehole at the Vero mine in Queensland has yielded a bonanza. The Mt Oxide deposit has been central to the company's future plans, and the first substantial exploration in a decade has been successful. Core analysis revealed that the drill yielded 66.5 m of ore at a depth of 234 m, with a copper grade of 4.95%, silver 32.7 g/t and cobalt 0.0685%, including mineralization of 10.5% copper at a thickness of 20 m. The main ore body is sandwiched between two layers: ◎ 9 meters at a depth of 173 m

Sunstone Metals announced that drilling continues to provide "strong evidence" that its Limon deposit in Ecuador "is a major high-grade gold and silver discovery." The mineralization is said to "extend down from the surface to a great depth, uncontrolled in all directions", and was reported on the 15th to be 42 meters at a depth of 152 meters, with a gold equivalent grade of 3.9 g/t. The Limon deposit is considered a strategic location for Sunstone's high-grade open pit targeted for a 10 million ounce project. "As drilling continues at Bramaderos, we still believe we can find 10 million ounces of resources within 4 kilometers," Sunstone said. The Limon deposit is located 2.7 km northeast of the Brama-Alba-Melonal copper-gold deposit, a porphyry deposit with an estimated gold equivalent resource of 2.7 million ounces and exploration targets of 3.3 million ounces to 8.6 million ounces.

According to Mining.com, Eloro Resources (Eloro Resources) has announced the preliminary resource estimate of its Iska Iska (Iska Iska, hereinafter referred to as Iska) silver tin polymetallic project in southwest Bolivia. In view of the polymetallic characteristics of the Iska deposit, the resource quantity will be delineated by the boundary value of Net Smelter Return (NSR). Based on the NSR value of US $20.32 / t, and the boundary value of US $9.2 / t, the project's presumed open pit mineral resources are 541 million tonnes with a grade of 0.69% zinc, 0.28% lead and 13.6 g silver. Among them, according to the NSR value of 34.50 US dollars/ton, the boundary value of 25 US dollars/ton, the near-surface ore resources are estimated to be 132 million tons, zinc grade 1.11%, lead 0.50%, silver 24.3g/ton. The total ore resources are 670 million tons, 298 mi

Recently, the 2023 Smart Industry Forum hosted by Interface News came to a successful conclusion in Shanghai. Exxonmobil (China) Investment Co., LTD. (hereinafter referred to as: ExxonMobil China) was invited to attend this event, and with its unremitting exploration and innovation in the field of digital intelligence, stood out from more than 300 industrial enterprises, and finally won the 2023 "Industrial Digital Innovation of the Year Award". As an influential and original financial new media in China, Jiemian News always pays close attention to the latest developments in the industrial field, providing comprehensive and forward-looking insight into the trend of industrial enterprises, in order to help the high-quality and sustainable development of China's industry. In recent years, with the synchronous advancement of new industrialization, digitalization and information technology, interface news has also begun to devote itself to creating a wind guide for the development of digital intelligence for all sectors of "production, learning, research and use" in the industrial field. By holding the Chuangzhi Industry Forum, it has built a bridge for industry communication and exchange, and launched the "Chuangzhi Industry" selection. The purpose is to commend the innovative products, services and enterprises that continue to emerge in the process of continuous upgrading of China's industrial field, in order to highlight the "progress" of industrial innovation and upgrading, and save the "ability" of high

After several years of successful exploration, Stellar Resources has significantly expanded its Heemskirk tin deposit in Tasmania, Australia, which it believes is the highest grade undeveloped tin deposit in Australia and the third highest grade tin deposit in the world. At present, the ore resources of Hemskik Tin mine are 3.52 million tons, with a grade of 1.05%, that is, the amount of tin gold is 36,991 tons, an increase of 24% over the previous estimate. If the lower grade St Dizier deposit is included, the resource rises to 45,271 tonnes. Since the completion of the preliminary study in 2019, the project's presumptive resources have grown by 58 percent. However, due to the removal of resources from the Oonah deposit, the total ore resources decreased by 5% to 7.48 million tons, with 1.04% tin grade and 77,872 tons of metal. The Queen Hill deposit c

According to MiningNews.net, two world-class hard rock lithium deposits have been discovered in the James Bay area of Quebec, and in recent years, an increasing number of Australian exploration companies have been heading to Canada in the hope of making a third discovery. Six ASX listed companies have announced their latest exploration results, ranging from recent progress in exploration to work currently underway. The most advanced is Winsome Resources, which has numerous projects in the region, but Adina is seen as the most likely to come on stream.

Sunstone Metals has made new progress on its El Palmar copper-gold project in northern Ecuador. The second hole in the T3 target area was found at a depth of 918 m with a deposit of 295 m and a gold equivalent grade of 0.51 g/t, including mineralization 26 m thick and a gold equivalent grade of 0.96 g/t, confirming the existence of a large porphyry metallogenic system. The revised magnetic model showed that two holes drilled at the edge of the target validated to be at least 120 m wide and possibly up to 700 m wide, located in a circular target area with a diameter of 1.5 km and being part of a porphyritic group with a strike extension length greater than 2.5 km. The Toachi fault that runs along the exploration area controls the nearby Lluimagua and Alpala copper-gold discoveries.

Predictive Discovery has made new progress drilling at its Bankan gold project in Guinea. The main occurrences are: The NE Bankan infill drill has struck 40 m at 244 m depth with a gold grade of 5.64 g/t. Expanded edge drilling found 23 meters of ore, grade 2.05 g/ton; Deep drilling found 10 meters of ore at a depth of 750 meters, with a grade of 5.65 grams/ton. Other drilling results are as follows: In the Bankan Central target area, 2 meters of ore was found at a depth of 1.5 meters, with a grade of 22.18 g/ton; At a depth of 20 meters, the ore is 28 meters and the grade is 2.23 g/ton. The Gbenbeden target saw 23 m of ore at a depth of 224 m and a grade of 1.16 g/t.

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.