Mining

The World’s Rarest Mineral Is So Uncommon It Has Only Been Discovered Once

The world's only known specimen of kyawthuite. (Kampf et al., Mineral. Mag., 2017)A mineral so rare that only one specimen has ever been found in the world exists: kyawthuite (cha-too-ite). This tiny, tawny-hued grain weighs just a third of a gram (1.61 carats), and at first glance, it might resemble amber or topaz. However, its...

World’s Largest Gold Deposit Discovered, Valued at Over US$80 Billion

(bodnarchuk/Getty Images)Scientists have discovered a high-quality gold deposit in central China containing approximately 1,000 metric tons (1,100 US tons) of the precious metal, according to Chinese state media.Valued at around 600 billion yuan (US$83 billion), this find could be the largest and most lucrative gold reservoir ever uncovered, surpassing the 900 metric tons estimated...

Copper and Nickel Production Struck by Covid and Regional Unrest

Copper and nickel production are lower-than-expected reported australian international mining titan BHP. The drop has been blamed on the absence due to Covid-19 and social unrest throughout Chile, leading copper and nickel production to drop by 10% and 13%, respectively. Significant episodes of Covid-19 suppressed production in Chile, worsened by roadblocks and social discontent at its...

UEC Acquires Rosatom’s Uranium One Properties, Making the Biggest Uranium Miner in the U.S.

Uranium Energy (NYSE-AM: UEC) has agreed to purchase all of Uranium One Americas Inc.'s (U1A) outstanding shares for a total purchase cost of US$ 112 million, which includes cash and the substitution of US$ 19 million in reclamation debt.The fourth-largest uranium producer in the world, U1A is a division of Uranium One Inc., a...