With its decision to renew an important industry tax credit, Canada signals its support for mineral exploration. Earlier this year, the Canadian government extended the Mineral Exploration Tax Credit (METC) through March 31, 2019. The 15 percent tax credit aims to boost investment in small mineral exploration companies that are backed by venture capital.
Madison Mines Reopen Due to Boom in Cobalt Demand
As the lithium-ion battery market grows, cobalt demand is surging, driving renewed interest in long-dormant mines and showcasing the potential for huge financial windfalls.
Colorado School of Mines Unveils a Space Mining Program
Capitalizing on popular interest in outer space mining, the Colorado School of Mines has plans to unveil a program that would prepare the first generation of extraterrestrial miners.
Thanks to Electric Cars, Lithium Mining Is on the Rise
As electric vehicle production increases, demand for lithium is on the rise — and production is following close behind.
Lihir Mine a Symbol of Mining Industry’s Renewed Vigor
Recent innovations at this enormous mine in Papua New Guinea have transformed the operation into a highly lucrative venture.