Does the future of mining lie in outer space?
No really, Huston based spacecraft development company Deep Space Industries has partnered with the Luxemb...
The mining industry is heading to the stars.
No really, Huston based spacecraft development company Deep Space Industries has partnered with the Luxembourg Government to create and develop technology that will build a resource economy in space.
You can read our exclusive interview with Deep Space Industries in the August issue of Mining Global.
Fircroft, the global workforce solutions provider to the technical, engineering sectors, including mining, has put together a snazzy little infographic posing the question that Deep Space Industries, amongst others, are trying to answer – Does the future of mining lie in outer space?
“We feel that space mining will become a very important part of both the mining and space exploration industries in the not too distant future," says Fircroft.
We wanted to look into the possibilities that are causing such a seismic shift within the mining industry and how space mining efforts may dramatically reduce the cost of future space exploration.”
Get in touch with our editor Dale Benton at [email protected]
Newmont acquires Canada’s GT Gold in $325mn deal
Newmont, the world’s biggest gold miner, has acquired Canada’s GT Gold in a deal worth $325mn. The gold giant now controls the Tatogga gold-copper project in the Traditional Territory of the Tahltan Nation.
“With the acquisition of GT Gold and the Tatogga project in the highly sought-after Golden Triangle district of British Columbia, Canada, Newmont continues to strengthen our world-class portfolio,” commented Newmont President and CEO Tom Palmer.
“We look forward to continuing to build a respectful and meaningful relationship with the Tahltan Nation, including the community of Iskut. The relationships we have with Indigenous communities, First Nations and host communities are critical to the way we operate. We will partner with the Tahltan Nation at all levels, and with the Government of British Columbia to ensure a shared path forward as the Company understands and acknowledges that Tahltan consent is necessary for advancing the Tatogga project.”
Newmont’s acquisition includes the Tatogga project, comprised primarily of the Saddle North deposit, which has the potential to contribute future significant gold and copper annual production. There are also further exploration opportunities beyond the known deposits at Saddle North within the land package. The Tatogga project adds to Newmont’s existing interest in the prospective Golden Triangle through the company’s 50% ownership in the Galore Creek project.
Newmont is the world’s leading gold company and a producer of copper, silver, zinc and lead. A world-class portfolio of assets, prospects and talent is anchored in favourable mining jurisdictions in North America, South America, Australia and Africa. The American miner is celebrating its 100th anniversary this month.
With gold prices on the rise, the last six months has seen gold industry M&A activity accelerating. A recent Mckinsey report, advises that the industry need to be mindful of mistakes made during the previous gold price boom, when growth was chased unidirectionally by several companies.