#metal-mining

#metal-mining

In the silent vacuum of space, five autonomous robots churn through the lunar surface, digging up a loose layer of rock and dust and leaving rows of uniform tracks in their wake. Stopping only to recharge at a central solar power station, the car-sized machines process the lunar dirt internally to extract a type of helium so rare on Earth that a palm-sized container is estimated to be worth millions.

"This is truly one of the most iconic landscapes in America," said Chance Wilcox, California desert program manager for the National Parks Conservation Assn., as he stood atop a rocky slope within the project footprint.

Korea Zinc, which it described as one of the world's largest smelters, is in talks with major US technology firms to recycle data center waste and extract rare earth. The move comes almost one year to the day after China announced immediate export controls on seven more rare earth elements critical to enterprise IT hardware manufacturing.

After nearly a decade spent transforming Endeavour Mining into one of the world's ten largest gold producers, de Montessus is returning to what has long defined his career: building scale, discipline and credibility in frontier markets where volatility is the rule rather than the exception.

It's a little-known fact that Columbia University, in Manhattan, was home to the first mining school in America-the School of Mines-founded in 1864. For the past three decades, the university's program has been mothballed. Parts of its curriculum were subsumed into the more fashionable subjects of earth and environmental engineering. But next fall, Columbia University will offer a bachelor of science degree in mining engineering once again.

Amazon's data centers will reportedly utilize copper from a mine in Arizona that's leaching metal from ores using microorganisms, the Wall Street Journal reports. Amazon Web Services will be the first customer for Nuton Technologies, which developed the "bioleaching" technology. AWS will also be providing "cloud-based data and analytics support," helping to optimize Nuton's mining process. Nuton's bioleaching method uses naturally-occurring microorganisms to extract copper from low-grade ore that would otherwise be too expensive to mine,

Britain's only tin mine could end up exporting much of its future production to the United States after the American government signalled it is prepared to provide up to $225 million (£166 million) in financing to revive the historic South Crofty site in Cornwall. Cornish Metals, which is working to bring the South Crofty mine near Camborne back into production, has received a letter of interest from the Export-Import Bank of the United States (Exim),

A former miner at the site told The Associated Press there have been repeated landslides because the tunnels are dug by hand, poorly constructed, and left without maintenance. "People dig everywhere, without control or safety measures. In a single pit, there can be as many as 500 miners, and because the tunnels run parallel, one collapse can affect many pits at once," Clovis Mafare said.

But after decades of outsourcing tungsten production, the federal government has now begun restricting imports. United States Tungsten founders Stacy Hastie and Randy Waterfield saw this coming. They're reviving what was once America's largest tungsten mine, the Tungsten Queen. It's a site holding an estimated 1 million tons of tungsten with an in-ground value approaching $450 million, the company says. And it says it is already in talks with the U.S. Government.

Demand for lithium is fueling a modern-day gold rush. The industries that define our modern world, like artifiial intelligence (AI), robotics, EVs, and energy, all depend on lithium, which is used to make batteries and other energy storage systems. Microsoft CEO, Satya Nadella believes that the AI race will be won based on energy costs, not on who has the best models.That's why lithium demand is projected to grow a staggering 5X by 2040.

With the price of a single ounce of gold now currently hovering around $4,700 (right around its all-time high), the question of course is whether it's too late for investors to dive in. I'm of the view that this momentum rally is probably warranted. That's in part due to the underlying fundamentals of gold and its overall market capitalization relative to stocks (which is still low, despite its recent rally).

Mexico's Attorney General's Office said on Monday that authorities have identified five bodies found at a property in El Verde, a rural locality in the state of Sinaloa, and are working to identify the remains of five other people. It is important to note that prosecutorial authorities have remained in contact with the victims' relatives, the office said in a statement. In the cases where the bodies have already been identified, they will be transferred to the states of Zacatecas in two cases, as well as to Chihuahua, Sonora, and Guerrero, it added.