September 2020 - Page 3 of 4

ThursdaySep 10, 2020 11:30 am

How Technology Can Help the Mining Sector Comply with Global Tailings Standards

Technology will play a vital role in helping mining companies come to terms with the Global Industry Inspection Standards guidelines. The set rules aim to improve the mining methods to stop human injuries and help in the conservation of the environment during mining. In collaboration with International Council on Metals and Mining and Principles for Responsible Investment, United Nations Environmental Program has decided to come up with these guidelines to curb the continuous accidents experienced while the mining process is ongoing. It has been noted that what is accelerating these accidents are the multiple tools that the miners use. Additionally,…

WednesdaySep 09, 2020 3:15 pm

Possibility of Coronavirus Vaccine Discovery Causes Gold Price to Wobble

Gold and other precious metal prices had shot up when the pandemic struck due to several restrictions from different countries. However, the prices have started fluctuating as several researchers globally are giving a ray of hope in coming up with a vaccine to fight the pandemic. Its drop in price is due to the rapid improvement in economies since the lockdown measures are being eased. Drop-in Prices of Gold The cost of gold had risen, but the gains were quickly halted by the news that a coronavirus vaccine could be ready by the end of the year. The drop in…

WednesdaySep 09, 2020 2:00 pm

US Lawmakers Unveil Bill to End Dependence on Imported Rare Earth Minerals

U.S. legislators recently set in motion a bipartisan bill whose objective is to reduce America’s dependence on rare earth elements that China provides for the country. These rare earth elements include erbium (Er), cerium (Ce), europium (Eu), dysprosium (Dy), gadolinium (Gd), praseodymium (Pr), lanthanum (La), holmium (Ho), lutetium (Lu), neodymium (Nd), promethium (Pm), scandium (Sc), terbium (Tb), samarium (Sm), ytterbium (Yb), yttrium (Y) and thulium (Tm). They are commonly found in minerals that contain thorium (Th) and less often, uranium (U). These elements are used in many gadgets and equipment, such as rechargeable batteries for hybrid and electric cars, computers,…

TuesdaySep 08, 2020 2:30 pm

Coal and Nuclear Energy Remain Essential to Meet US Energy Demand

The high production of natural gas, especially from Shale, has made the U.S. think that they do not require coal and nuclear energy to meet the high electricity demand. This is a big misconception since the two sources of energy are still needed to help supply the much-required electricity in the country. Since the economy of America is growing at a rapid rate, depending on one source of energy is very risky hence the need to diversify to various sources of energy. High Demand for Electricity Due to the increasing electricity demand, it will be difficult for America to supply…

TuesdaySep 08, 2020 12:45 pm

Swiftly Switching to Renewable Energy Could Cause Further Issues

In the U.S. energy markets right now, more advocates are calling for clean energy alternatives like solar and wind power to be inducted in to change the country’s electricity portfolio. Analysts however caution against replacing nuclear and coal power plants as they say this could pose a threat to the national grid’s resilience and reliability. Practically, the main reason many are against this is because they’re concerned about the speed of renewable energy transformation. Despite specialists choosing to frame the energy debate in a new vs old setting, there are many valid reasons as to why we should question the…

FridaySep 04, 2020 3:00 pm

Why America Needs to Revise its Mining Regulations to Boost Industrialization, Employment

The U.S. is forecast to become the leading nation globally in manufacturing, surpassing the most renowned high manufacturers such as China. This will be catalyzed by the sufficient workforce, the new technologies, and the low energy costs. Though this may be good news to the manufacturers, some challenges must be seriously addressed. The American manufacturing industries are using varieties of metals and minerals in producing most of their products. Cell phones, electric car batteries, lifesaving hospital devices, and televisions are all manufactured from these metals and minerals. However, most of these minerals are imported and are not mined locally by…

FridaySep 04, 2020 11:09 am

Kingman Minerals Ltd. (TSX.V: KGS) Poised to Benefit as Goldman Sachs Raises Gold Price Estimates to $2,300/oz

Goldman Sachs has recently raised its 12-month forecast for gold to $2,300/oz, rising from its previous estimate of $2,000/oz Gold prices touched historical high in August 2020, rising to $2,075/oz on back of dollar depreciation, growing economic uncertainty Kingman Minerals is currently working to develop its mining interest in Arizona, USA as well as Quebec, Canada A previous non-NI 43 101 compliant study of Kingman Mineral’s Arizona site carried out in 1985 found potential reserves of up to 664,000 ounces of gold, 2.6 million ounces of silver Kingman Minerals (TSX.V: KGS), a Canadian-listed gold miner with extensive claims in key…

FridaySep 04, 2020 11:00 am

The Future for Clean Coal Technology: Carbon Storage and Capture

Despite the growing use of wind and solar energy in addition to inexpensive and clean natural gas, clean coal technology is still needed. Clean coal technology is mostly used to mean carbon emitted from a power plant and is stored underground, carbon storage and capture or (“CCS”) in short. In spite of being closely associated with coal, CCS is a clean technology for any fossil fuels. Any power producing plant that burns a fuel and generates carbon emissions is a good carbon capture candidate; be it an oil, coal or natural gas plant. This is why most modern and propitious…

ThursdaySep 03, 2020 12:15 pm

Why US Reliance on Foreign Minerals is Risky

The misconception behind not mining the crude minerals in the U.S. is causing the country to be reliant on foreign minerals, and should be eliminated immediately. America's best step is to come up with practical and well-laid strategies that will govern the mining of those minerals. By doing this, the U.S. will not depend on other nations for the minerals required to manufacture consumer goods and sophisticated weapons. Why America is adamant in not mining its minerals Some members of Congress and environmentalists are the biggest obstacles to the U.S. mining its minerals. This is hard to comprehend as they…

ThursdaySep 03, 2020 10:15 am

EV Sector Growth Triggers Extra Demand for Coal and Natural Gas

The electric vehicles ("EVs") market is growing swiftly. For instance, electric vehicle sales in the U.S. in 2017 rose by almost 30%, and this translates into approximately 200,000 units. Given the low gas prices that are a marketing strategy to incentivize consumers to stick with diesel and gas cars, the increase makes it all the more impressive. Globally, there are lots of initiatives to ban the sale of oil vehicles, with the biggest reason behind this being clearing the skies of smog-filled cities. India, China, Norway, France, Netherlands as well as the UK have expressed their desire to phase out…

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Month: September 2020