November 2020 - MiningNewsWire

MondayNov 30, 2020 3:47 pm

Josemaria Resources Inc. (TSX: JOSE) (OTCQB: JOSMF) Focused on Readily Developable Copper-Gold Project as Demand Rises

Demand for copper is rising; deficit forecast in coming years Copper deficit heightens need for projects that can produce the high-demand metal Feasibility study concluded that Josemaria’s average annual metal production of 136,000 tonnes of copper (“Cu”), 231,000 ounces of gold (“AU”), 1,164, 000 ounces of silver (“Ag”) Strategic plan demonstrates commercial production at project could be achieved by early 2026 The looming copper deficit will likely worsen in the coming years, according to an S&P Global Market Intelligence report (https://ibn.fm/OSonS). That news is capturing the attention of companies such as Josemaria Resources (TSX: JOSE) (OTCQB: JOSMF), a Canadian natural…

MondayNov 30, 2020 10:00 am

Problems Facing the Mining Industry Today

We’ve seen the world change in many ways during these past few months, affecting different sectors globally and wreaking havoc on the economies of different countries. The mining industry has not been spared from change, with various issues plaguing the industry. Today we look at some of the biggest issues that this industry needs to overcome, in addition to what can be incorporated into the industry to gain a competitive advantage. The changing expectations of people and society, which influences a shift in opinions, is among the challenges facing the mining industry presently. The gap between the mining industry’s performance…

WednesdayNov 25, 2020 10:00 am

Mexico Going Forward with Plan to Nationalize Lithium Production

Mexico is going forward with its project to nationalize its growing lithium industry. This comes after Alejandro Armenta, a member of the Morena Party, introduced the proposal in parliament on Nov. 11, 2020. The proposal calls for lithium to be declared as the country’s exclusive property. This means that its production will be managed by the state. To do this, Armenta, the head of the Senate Finance commission, proposes that a new state-owned entity be created to regulate the mining of lithium. The proposed name of this entity is LitioMex. During a parliamentary online session, Armenta explained that the proposal…

TuesdayNov 24, 2020 10:00 am

Luxembourg Plans to Establish Europe’s New Space Mining Center

Luxemburg recently made public its plans to develop a European Space Resources Innovation Centre (ESRIC). This body would preside over the exploration and exploitation of extra-terrestrial resources. Luxembourg, together with the European Space Agency, is focused on making the innovation center an institution of expertise that is recognized internationally for economic, business, technical and scientific aspects that correlate with the utilization of space resources. This includes minerals and metals found in asteroids and water on the moon. Luxembourg is a small but very wealthy country, the wealthiest in the European Union. The country’s finance sector contributes the most to its…

MondayNov 23, 2020 10:00 am

Supercritical CO2 May Be Answer to Achieving Renewable Energy Targets

The national science agency for Australia, the Commonwealth Scientific and Industrial Research Organization (CSIRO) has entered into a collaboration with GTI, a U.S.-based firm that deploys various technology solutions to tackle environmental and energy challenges. The two bodies will be working together to create a carbon dioxide power plant that may help mining entities reach bigger targets in terms of renewable energy. The organizations together released a press release that explained how the supercritical carbon dioxide power plants recirculated C02 at high temperature to generate electricity. This was in comparison with steam, which is widely used by most firms. Additionally,…

FridayNov 20, 2020 12:50 pm

Josemaria Resources Inc. (TSX: JOSE) (OTC: JOSMF) Feasibility Study on Flagship Project Yields Bright Future in Copper, Gold

Josemaria Resource’s flagship copper-gold-silver Josemaria Project is located in Argentina’s San Juan province Company has recently published its NI 43-101 compliant feasibility study on the project Mine expected to generate an average annual production of 136,000 tonnes of copper, 231,000 ounces of gold and 1,164,000 ounces of silver over its 19-year life Study indicates $1.53 billion after-tax Net Present Value at an 8% discount rate, 15.4% Internal Rate of Return at metal prices of $3.00 per pound copper, $1,500 per ounce gold, $18 per ounce silver The Josemaria Project return increases to $US2.3Bn After-Tax NPV8 and 18.5% IRR as calculated by metal prices on November 12,…

FridayNov 20, 2020 10:00 am

Pioneer Research Shows That Bacteria May Be Used To Extract Minerals in Space

Pioneer mining experiments performed by astronauts in space have shown that in zero gravity microbes can effectively extract elements from rocks. The astronauts on the International Space Station performed these tests. This opens up an array of possibilities for humanity in terms of exploration and settlement of the solar system. The study, which was published in the “Nature Communications” journal, explains that microorganisms play important roles in natural process such as the cycling elements in the atmosphere and weathering rocks into soils on earth. They are also used in various manufacturing and industrial processes, such as bio mining. Bio mining…

ThursdayNov 19, 2020 10:00 am

Opportunities for the Mining Sector in 2021

The onset of the coronavirus pandemic disrupted a lot of major industries, among them the mining industry. The production of metals declined, with many mining operations halting due to restrictions that were implemented as a result of the pandemic. Despite this, though, the sector is slowly regaining its footing as mines in various countries were declared essential industries. It’s clear, however, that as we move into next year, the coronavirus will continue affecting all industries, with many having to incur additional expenses to continue operating under the new normal. To ensure the sector remains operational during this period while also…

WednesdayNov 18, 2020 10:00 am

Mexican Mining Sector Rebounds as Lockdown Eases

The lockdown resulting from the ongoing pandemic has affected many sectors globally, with the natural resource sectors in various countries experiencing major losses. In Mexico, September figures show signs of improvement as the sector stabilized. According to Inegi, a statistics agency, activity in Mexico’s mining sector increased by 1.8%,in comparison with August 2019’s activity. Earlier in the year when mines were suspended in April and May to comply with restrictions brought about by the pandemic, contractions of 25.1% were recorded in April and 17.8% in May. June saw operations increasing, as mining was declared to be an essential industry. Growth…

TuesdayNov 17, 2020 2:37 pm

Josemaria Resources Inc. (TSX: JOSE) (OTC: JOSMF) Files Key Report, Notes Positive Study Regarding Argentine Property

Technical report supports recent positive feasibility study announcement Study projects average annual metal production of 136,000 tonnes of copper, 231,000 ounces of gold and million-plus ounces of silver Josemaria one of world’s very few readily developable copper-gold projects Josemaria Resources (TSX: JOSE) (OTC: JOSMF) has filed a key technical report to support its recent positive feasibility study announcement. The report, which was prepared under National Instrument 43-101 Standards for Disclosure for Mineral Projects, is in regard to the company’s wholly owned Josemaria Copper-Gold Project, located in San Juan Province in Argentina. Last month Josemaria Resources announced the positive results of…

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Month: November 2020