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.

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

Badrakh Energy LLC is conducting a detailed study of the Zoovch-Ovoo uranium deposit in Eastern Gobi Province, Mongolia, according to Mongolian website https://gogo.mn/r/jnqdj. The company is a joint venture between Mon-Atom LLC, a subsidiary of Erdenes Mongol, and France's Orano Mining. Mongolia is one of the countries rich in uranium resources in the world. Zhuzhanao Is one of Mongolia's largest uranium deposits, with uranium reserves of 93,291 tons. A feasibility study for the deposit was approved in 2015, a mining license was issued the following year, and an agreement to develop the deposit was signed with Mongolia's Bureau of Minerals and Petroleum. In 2018, a cooperation agreement was signed with the local Sumu (administrative division unit) of East Gobi Province. In 2019, the construction of production test facilities was completed. Production testing began in July 2021 and will be completed by the end of 2022. An investment agreement will be signed after the plant is tested and profits estimated. At that time, if the investment agreement is successfully signed and mining begins, uranium mining in Mongolia will start for the first time and the project will last 35 years.

South Africa produced 19.3 million tonnes of coal in September, down 8.9 percent from a year earlier and 3.2 percent from the previous month, the fifth consecutive monthly decline, according to government data. South Africa produced 175 million tons of coal in the january-September period, the lowest level for the same period in the past five years, down 7.4% year-on-year and 10.3% from 2019. The possible impact of La Nina weather could put further pressure on South African coal production. Low export coal supplies due to rail capacity constraints were also a major constraint on South African coal production, despite seasonal weakness in electricity demand. South Africa's domestic electricity demand has been lower than a year ago since September. So far this year (to November 7), South Africa's electricity demand was 180.5 billion kilowatt-hours, down 4.3 percent from the same period in 2019, despite a 2.1 percent year-on-year increase, according to Eskom.

Germany's crude oil imports rose 14.6% year-on-year in the first four months of 2022 as the economy recovered from the coronavirus pandemic, official data showed on Wednesday, with higher prices doubling its import bill. Russia remained Germany's biggest oil supplier, accounting for 35 per cent of its total oil imports over the same period, according to monthly data from the foreign trade office of the Federal Bureau of Economic And Export Control (BAFA). This was followed by imports from the UK and Norway's North Sea at 21.5 per cent, while imports from members of the Organisation of The Petroleum Exporting Countries (OPEC) accounted for 17.7 per cent. The rest is shared by other sources, including Kazakhstan and the United States. BAFA delayed the release of import data by two months. This means that the impact of the conflict with Ukraine -- leading to economic sanctions against Russia and co