AusIMM Tarkwa Student Chapter’s Post

Kindly take note of the weekly commodity updates. The newly introduced commodities are Nickel and Bauxite No change in the percentage implies that the prices were taken at a benchmark price. The green arrows indicate an increment in commodity price. The red arrows indicate a decrease in commodity price . The percentage change is with respect to the prices on 02 August, 2024. All prices were taken as of 10:00 am yesterday . Let’s keep ourselves updated and share it to update others as well. AusIMM Asante Gold Chirano Limited Newmont Corporation GOLD FIELDS AngloGold Ashanti BHP BCM Group International Mining and Resources Conference (IMARC) Geodrill ASANKO GOLD MINES #AusIMM #commodityprices #commoditymarket #updates #MarketTrends

Kindly take note of the weekly commodity updates. The green arrows on the flyer indicate an increment in commodity price. The red arrows indicate a decrease in commodity price . The percentage change is with respect to the prices posted on 5th July 2024. All prices were taken as of 10:08am today. Let’s keep ourselves updated and share it to update others as well. Henry Antwi, FAusIMM Chirano Gold Mines Limited Newmont Ghana Gold Limited AngloGold Ashanti BCM Group International Mining and Resources Conference (IMARC) Geodrill Asanko Gold AusIMM #commoditymarket #commodityprices #updates #ausimm #weekupdates

Kindly take note of the weekly commodity updates. The newly introduced commodities are Nickel and Bauxite No change in the percentage implies that the prices were taken at a benchmark price. The green arrows indicate an increment in commodity price. The red arrows indicate a decrease in commodity price . The percentage change is with respect to the prices on 10th August, 2024. All prices were taken as of 10:00 pm yesterday . Let’s keep ourselves updated and share it to update others as well Henry Antwi, FAusIMM Asante Gold Chirano Limited Newmont Corporation GOLD FIELDS AngloGold Ashanti Iduapriem Mine BHP International Mining and Resources Conference (IMARC) Geodrill #AusIMM #Updates #commoditymarket #commodityprices #MarketTrends #Energy #Industry

Global #𝐏𝐫𝐞𝐜𝐢𝐨𝐮𝐬_𝐌𝐞𝐭𝐚𝐥_𝐌𝐚𝐫𝐤𝐞𝐭 is flourishing owing to the growing demand from end-use industries, increasing use of #precious_metals as appealing investment assets, environmental concerns, and legal ramifications reinforce the #market_growth. 🌐𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐭𝐨 𝐁𝐥𝐮𝐞𝐖𝐞𝐚𝐯𝐞 𝐅𝐨𝐫 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 "𝐆𝐥𝐨𝐛𝐚𝐥 𝐏𝐫𝐞𝐜𝐢𝐨𝐮𝐬 𝐌𝐞𝐭𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭" ➖ https://lnkd.in/giYkThwe ▶ 𝐌𝐚𝐣𝐨𝐫 𝐩𝐥𝐚𝐲𝐞𝐫𝐬: ✔Goldcorp ✔Norilsk Nickel ✔Anglo American ✔Asahi Refining ✔Lonmin Plc ✔Newmont Corporation ✔Barrick Gold Corporation, ✔AngloGold Ashanti, ✔Hycroft Mining Holding Corporation, ✔Freeport-McMoRan, ✔Kinross Gold Corporation, ✔Newmont Corporation, ✔Russian Platinum LTD., ✔Pan American Silver Corp., ✔Sumitomo Metal Mining Co., Ltd., and other prominent players. 📢 𝐏𝐫𝐞𝐜𝐢𝐨𝐮𝐬 𝐌𝐞𝐭𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭 - 𝐁𝐲 𝐓𝐲𝐩𝐞: Based on the type, the Global Precious #Metal_Market is segmented into Gold, Platinum, Silver, Palladium, and Others. Among these, silver accounts for the largest #share in the Global Precious #Metal Market. Group metals such as #gold, #silver, and #platinum make up the market segments (PGM). Due to its widespread use in the industrial and #jewelry_sectors and low cost in comparison to its competitors, silver is predicted to dominate the market over the projection period. All these factors propel the growth of the Global #Precious_Metal Market during a #forecast_period (2022-2028). #BlueWeave #marketresearch #metalindustry #miningindustry #metalandmining

AuMEGA Metals (formerly Matador Mining Limited) recently identified a new gold-in-bedrock anomalism at the Malachite Project located along the Cape Ray Shear Zone in Newfoundland, Canada which included drillhole CRC0142 grading 127 ppb gold from 6 to 7 metres (MAL RC-04). The results from the initial batch and second batch demonstrate the significant level of gold anomalism defined by the winter RC drill program with results delivering #gold values from 25 to 200 times greater than average crustal abundance. The combination of gold and pathfinder anomalism in bedrock with multigram prospecting samples suggests significant mineralised fluid flow and potential for large under-cover gold deposits. Learn more: https://loom.ly/hHrSMyU #AAM #AuMEGAMetals #ASX

200 YEARS OF GLOBAL GOLD PRODUCTION, BY COUNTRY 🔍 Visualizing Global Gold Production Over 200 Years Did you know that approximately 86% of all above-ground gold has been extracted in just the last two centuries? Modern mining techniques have fueled exponential growth in global gold production since the 1800s. 🗺️ The Evolution of Gold Mining California Gold Rush (1848): James Marshall’s discovery in California triggered a frenzy, with miners extracting around $2 billion worth of gold. Shift in Leadership: The United States, Australia, and Russia dominated gold production until the 1890s. Then, South Africa stole the spotlight with the Witwatersrand Basin discovery. South Africa’s Peak: In 1970, South Africa produced a staggering 1,002 tonnes of gold—unmatched by any other country in a single year. China Takes the Lead: By 2007, China became the world’s largest gold producer, and today, gold is mined in over 40 countries. 🌎 Top Gold-Producing Countries in 2022 1. China: 330 tonnes (11% of total) 2. Russia: 320 tonnes (10%) 3. Australia: 320 tonnes (10%) 4. Canada: 220 tonnes (7%) 5. United States: 170 tonnes (5%) 📈 Global gold production in 2022: 3,100 tonnes #GoldMining #ResourceTrends #GlobalProduction

The Glittering Truth: A Look at Gold Mining ⛏️✨ Gold, the alluring metal prized for centuries, has a story beyond its dazzling shine. Let's delve into the world of gold mining, a process filled with history, hardship, and a touch of adventure. From Panning to Pits: Imagine yourself panning for gold, just like prospectors of the past. This age-old technique, using a pan and water to trap the heavy gold flecks, is still practiced in some parts of the world. But for most of the gold we use today, large-scale mining operations are the norm. Open-pit mines, like giant scars on the earth, extract ore containing gold deposits. These mines can be awe-inspiring in their scale, but their environmental impact raises concerns. The Price of a Shine: Gold mining comes at a cost. Workers face dangerous conditions, exposure to harmful chemicals, and often inadequate safety measures. Communities near mines can suffer from environmental degradation, water pollution, and displacement. A Brighter Future? The industry is increasingly embracing sustainable practices, with responsible sourcing and technology advancements aiming to minimize the environmental and social footprint. Fairtrade gold initiatives ensure ethical mining practices and better conditions for workers. So, the next time you admire a gold ring or watch, remember the complex journey it took to reach your finger or wrist. Let's strive for a gold industry that glitters not just in its end product, but also in its commitment to responsible practices. What are your thoughts on gold mining? Share your views in the comments! Barrick Gold Corporation #goldmining #preciousmetal #sustainability #responsiblemining #fairtrade #earthday #glitterwithapurpose

Discover the Top 8 Gold-Producing Countries and Their Market Impact 🌟 🇨🇳 China leads the world with a phenomenal 370 metric tons of gold produced this year. Its dominance in gold production is fueled by extensive mining operations and massive gold reserves. Notably, China’s gold mines are among the largest in the world, and the country’s strong investments in mining technology keep it at the top of the production list! 🇦🇺 Australia comes in second with 310 metric tons of gold this year. Its vast mineral deposits and advanced mining techniques make it a powerhouse in the global gold market. Moreover, Australia’s “Golden Triangle” is renowned for its rich gold deposits, making it one of the most productive gold regions globally! 🇷🇺 Russia also produces 310 metric tons annually, showcasing its substantial gold resources and strategic mining investments. Additionally, Russia's remote and expansive gold fields contribute to its high production levels, and the country's focus on increasing gold reserves strengthens its global market influence! These top producers not only lead in production but also play a crucial role in shaping the global gold market. Source: [World Gold Council, 2023] #KVB #KVBOfficial #KVBGlobal #KVBBroker #GoldProduction #China #Australia #Russia #GoldMarket #MiningIndustry #GlobalGold #CommodityTrading #GoldReserves #GoldFacts #MarketImpact #TopGoldProducers #InvestingInGold #Gold #GoldMining #GoldProductionLeaders

A Perfect Storm and Copper Bottomed Squeeze – by Jill Baker ✅ That so many analysts have been caught napping as the #copper price ‘unexpectedly’ broke to new highs is something of a surprise ✅ The first few months of 2024 has seen copper analysts hastily rewrite their scripts and switch to forecasts for deeper deficits ✅ Jeremy Weir, CEO of commodity giant Trafigura believes that there will be a potential supply gap of 8m tonnes by 2034, fully supporting $10,000 / tonne and possibly as high as $12,000 / tonne. ✅ Two companies with copper projects featured here have yet to catch up with the rocketing copper price Anglesey Mining plc #AYM #VVV Resources Read: https://lnkd.in/e9hpNiPg Jim Williams Benjamin Hill Rob Marsden Jo Battershill

Discover the Top 8 Gold-Producing Countries and Their Market Impact 🌟 🇨🇳 China leads the world with a phenomenal 370 metric tons of gold produced this year. Its dominance in gold production is fueled by extensive mining operations and massive gold reserves. Notably, China’s gold mines are among the largest in the world, and the country’s strong investments in mining technology keep it at the top of the production list! 🇦🇺 Australia comes in second with 310 metric tons of gold this year. Its vast mineral deposits and advanced mining techniques make it a powerhouse in the global gold market. Moreover, Australia’s “Golden Triangle” is renowned for its rich gold deposits, making it one of the most productive gold regions globally! 🇷🇺 Russia also produces 310 metric tons annually, showcasing its substantial gold resources and strategic mining investments. Additionally, Russia's remote and expansive gold fields contribute to its high production levels, and the country's focus on increasing gold reserves strengthens its global market influence! These top producers not only lead in production but also play a crucial role in shaping the global gold market. Source: [World Gold Council, 2023] #KVB #KVBOfficial #KVBGlobal #KVBBroker #GoldProduction #China #Australia #Russia #GoldMarket #MiningIndustry #GlobalGold #CommodityTrading #GoldReserves #GoldFacts #MarketImpact #TopGoldProducers #InvestingInGold #Gold #GoldMining #GoldProductionLeaders