August 2020 - Page 4 of 4 - MiningNewsWire

WednesdayAug 12, 2020 12:00 pm

COVID-19 Causes a Sharp Drop in Demand for Gold

Into the second quarter of the year, gold demand decreased by 11%, the lowest recording since 2009, with demand for the first half of the year down by 6% and jewelry sales falling. The main influence on its market being the Covid-19 pandemic as it has curtailed consumer demand and imposed travel restrictions, which made it harder to supply. Lockdown measures implemented across the world have disrupted mineral exchanges and traditional markets which in turn caused most businesses to grind to a halt or close to avoid losses and/or bankruptcy. The global response by governments and central banks to the…

WednesdayAug 12, 2020 11:05 am

Energy Fuels (NYSE American: UUUU) (TSX: EFR) Focused on Eliminating Debt, Growing Uranium Inventory

UUUU has eliminated half of the company's debt, plans to be debt free by end of 2020 Company will have estimated $30 million of uranium & vanadium inventory — more if market prices rise — by end of 2020 Energy Fuels working toward producing rare earth elements in the U.S. The largest uranium mining company in the United States, Energy Fuels (NYSE American: UUUU) (TSX: EFR) has eliminated one-half of its debt, plans to be debt free by the end of the year, and anticipates having $30 million of inventory value by the close of 2020 (http://ibn.fm/YpNEV). The company holds three…

TuesdayAug 11, 2020 4:00 pm

Recent Automotive Innovations in the Mining Sector

With the growing concern for our future as the human race with regards to climate change and global warming, most people are more conscious about their carbon footprint. Many countries are moving towards cleaner sources of energy with countries like Germany, having adopted plug in hybrids and all electric vehicles. Fossil fuels produce significant amounts of energy per unit mass which is good for efficiency but are also one of the leading causes of air pollution. The biggest source of fossil fuels is the mining industry. The latest automotive advances coupled with technology have made it possible for companies like…

TuesdayAug 11, 2020 1:45 pm

A Review of How Heat Treatments Have Been Used in Mining

From the past, we have observed heat treatments being used in the mining industry in different ways. The earliest recording of this was in Greece, in the 1st century BC. Diodorus Siculus of Sicily, an ancient Greek Historian, shows fire setting being used in mining. This was done by putting a large fire to the rock face which needed mining. This caused internal fractures in the rock face due to uneven heating which weakened the rock, enough to be worked. Water was added to the rock face when the fire had reduced and then it was worked to extract the…

MondayAug 10, 2020 3:30 pm

Why LIBS Analysis is Gaining Traction in Mining

LIBS, or laser-induced breakdown spectroscopy, is a rapid chemical analysis technique which is minimally destructive. For long, this method has been used in food processing and other industries. The technique is now making its way into the mining industry, and with good reason as the discussion below shows. Capability to Measure Numerous Elements Simultaneously Generally, LIBS has the ability to measure multiple elements in a sample at the same time. This attribute is important in mining because mineral samples often have sodium, lithium, beryllium, hydrogen, magnesium, oxygen, carbon and other elements I varying quantities and those quantities can often distinguish…

MondayAug 10, 2020 3:24 pm

Energy Fuels (NYSE American: UUUU) (TSX: EFR) in Ideal Position to Benefit from Increasing Demand for Clean Energy

Producing clean energy with zero carbon emissions, zero air pollution Recycled over 6 million pounds of uranium to produce clean, carbon-free energy Positioned to participate in the cleanup of Cold War-era uranium sites The country’s largest producer of uranium and the leading producer of vanadium, Energy Fuels (NYSE American: UUUU) (TSX: EFR), is also one of the greenest companies in the United States. As the demand for clean energy grows, UUUU appears to be well positioned to benefit from the focus on being green. As demand for clean energy increases, so does the need for nuclear energy. In 2019, 20%…

ThursdayAug 06, 2020 2:51 pm

Caterpillar Inc. (NYSE: CAT) Positioned as World’s Leading Manufacturer of Construction and Mining Equipment

Caterpillar, a leading global manufacturer of construction equipment, is among only 3% of companies on the New York Stock Exchange listed for 90 consecutive years or more. Through partnerships with 28,000 suppliers and 165 dealers, the company serves 191 countries around the world. The company operates in several critical industries, including construction, energy and transportation, financial products and more. Caterpillar has a portfolio of 20 brands offering machines, engines, components, services and solutions to meet the unique needs of a variety of industries and customers worldwide. During the global pandemic, the company’s operations were classified as essential activity for support…

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Month: August 2020