Tag: Mining sector
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Gold mining.
Gold mining involves the extraction of gold from various sources, initially focusing on alluvial deposits using manual methods like gold panning. Over time, the industry has evolved, incorporating complex processes such as pit mining and gold cyanidation for ores not on the surface. Large corporations dominated gold mining in the 20th and 21st centuries, but…
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20% in gold and 80% in silver, I anticipate greater potential for silver in the future.
Drawing from various sources, it’s evident that silver stands on the brink of significant growth, potentially surpassing gold in the future. Here’s a synthesis of the key insights supporting this perspective: While it’s true that silver has experienced a significant price decrease compared to four decades ago, whether this indicates undervaluation and an imminent price…
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On the 13th of February, 2024, there was a collapse at a gold mine in Erzincan, Turkey, resulting in an unspecified number of victims.
A landslide struck the Copler gold mine near the town of Ilic in Turkey’s Erzincan province on Tuesday, trapping at least nine workers underground, according to officials. Video footage depicted a torrent of mud sweeping through the valley where the Anagold Mining-operated mine is situated. Interior Minister Ali Yerlikaya stated that rescuers from neighboring provinces…
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A gallery collapse at an artisanal gold mining site in western Mali has resulted in the death of over 70 people
Witnesses describe the moment when the earth began to tremble, concluding search operations with the discovery of 73 bodies. The Ministry of Mines had previously confirmed the death of several gold prospectors in a statement released on Tuesday, expressing condolences to the grieving families and urging strict adherence to safety requirements in gold mining activities.…