January 2021 - MiningNewsWire

FridayJan 29, 2021 2:00 pm

An Overview of Key Lithium Extraction Projects Across the Globe

In the latest industry report released by market analyst Fitch Solutions, one can see that lithium development in the EU and the UK’s positive project developments will do well for the EU’s mission to decrease its dependence on critical minerals from China as well as stabilize battery supply chains in the UK. Fitch highlights that securing strategic materials for the digital and green economy is the main theme for metals and mining this year — and not just in Europe. Just this month, a team of engineers from Penn State developed a fast-charging thermally modulated LFP battery. The lithium iron phosphate…

ThursdayJan 28, 2021 2:30 pm

Russian Company Launches First Metals ETCs

The biggest producer of high-grade nickel and palladium in the world, Norilsk Nickel, has introduced a series of exchange-traded commodities (“ETCs”) that provide investors access to metals that are physically backed. Norilsk Nickel has become the pioneer mining firm to introduce physically backed, exchange-traded products to the market. This comes after the company was forced to pay a $2.1 billion fine for an environmental disaster in 2020. Global Palladium fund will be managing the firm’s first four ETCs, which will be issued by Ridgex. These four products will provide investors with access to gold for a 0.145% management fee and…

WednesdayJan 27, 2021 3:00 pm

Report Provides Insights into the Market for Mining Pumps

A recent report released by Fact MR on the mining pumps market provides extensive coverage of key factors and market growth that are driving the sustained growth of the market landscape around the world. The report states that a significant increase in mining activities globally, pushed by proactive investments, may cause a constant rise in the demand for mining pumps. By the end 2018, the sales of mining pumps had probably exceed more than 3.5 million units. A senior analyst from the company explained that the expansion of existing mining projects and new mining projects had generated demand for new…

TuesdayJan 26, 2021 3:05 pm

Gains in Mining Sector Cause Australian Shares to Jump

Last week saw Australian shares rise overall by over 1%, with the largest gainer among them being Bingo Industries, a waste management firm, which received an acquisition offer. Financial and mining stocks also recorded gains, after recording sharp losses in the previous session. While the benchmark on Monday of last week had closed 0.8% lower, by 0208 GMT, the S&P/ASX 200 index had increased by 1.2% at 6742.60. After a private equity company made a $1.76 billion dollar bid for Bingo Industries, the firm rose 23.7%; the play equates to roughly A$2.29 billion. Apart from this, Rio Tinto Plc (NYSE:…

MondayJan 25, 2021 12:42 pm

GoldHaven Resources Corp. (CSE: GOH) (OTCQB: GHVNF) Grows Stronger, More Stable in Uncertain Year

Company acquired seven gold projects in the mineral-rich Andes Mountains of Northern Chile, with three ready for drilling Epithermal deposits signify additional nearby and/or deeper strains of porphyry deposits Canada, Chile have maintained strong, stable relationship for nearly 80 years The Canadian junior exploration company GoldHaven Resources (CSE: GOH) (OTCQB: GHVNF) has, in 2020, acquired low-risk, high-quality land in its search for new deposits of gold. As the company moves into 2021, new projects and phases of exploration are in the works. As a junior gold mining company, GoldHaven has its eye on the price of gold and the jurisdictions'…

FridayJan 22, 2021 1:15 pm

Silicon Carbide Sensors Could Improve Oil and Gas Pipeline Safety

Dr. Toan Dinh is a mechanical engineer from Australia who has found a way to help avert death and injury on mining sites. His method involves the use of new sensors created using silicon carbide to detect early mechanical issues in gas and oil pipelines. Dinh, an engineer from the University of Southern Queensland, has spent the last 6 years creating these sensors whose objective is to identify impending danger in corrosive as well as harsh environments. Dinh explained that as compared to the width of a human hair, the sensors were 5-100 times tinier and performed a 1000 times…

ThursdayJan 21, 2021 11:38 am

Josemaria Resources Inc. (TSX: JOSE) (OTC: JOSMF) Rapidly Developing New Copper-Gold Project in Argentina as Copper Demand Projected to Rise

Industry report suggests demand for copper will increase nine-fold due in part to increased production of Electric Vehicles S&P analysts predict copper shortages in coming years Josemaria is one of world’s few readily developable copper-gold projects Recent feasibility study concluded that Josemaria is robust, low-risk project with significant yield potential As one industry report suggests that the increased production of electric vehicles (“EVs”) will send copper demand up nine-fold (https://ibn.fm/6dyXW), S&P analysts predict a looming copper deficit in the coming years (https://ibn.fm/0i7iV). While market forces continue to exert upward pressure on the price of copper, Josemaria Resources (TSX: JOSE) (OTCQB: JOSMF), a…

ThursdayJan 21, 2021 11:15 am

Digital Innovation: Gateway to the Future of Mining

While the natural resource industry seems to have taken a little while to join the fourth industrial revolution, progress is being made steadily as automation is adopted and implemented. The benefits of automation include payload optimization achieved by computers in a way that could not be replicated by people. Global mining equipment producer CR Mining is among many that are dedicated to developing more technology for the natural resource industry. The company’s head of product strategy, Kevin Greenwood, explained that the digitization of mining had various benefits. Among them those benefits are the following: Improvement in efficiency and productivity based…

WednesdayJan 20, 2021 12:30 pm

Price Levels of Tin Surge in London Market as 2021 Progresses

In the first week of 2021, the London Metal Exchange (LME) three-month price of tin rose to $21,360 per ton. This marks tin’s highest trade since March 2019. At the moment, the price sits at $21,085. This increase happened despite the impact the coronavirus pandemic had on the supply of tin, as key supplier countries of the metal have been affected greatly. However, according to the International Tin Association, even with a 6% approximate downturn in the demand of the metal, the world market recorded a 5,200-ton shortfall in supply last year. The association forecasts that supply will recover in…

TuesdayJan 19, 2021 1:06 pm

Josemaria Resources Inc. (TSX: JOSE) (OTCQB: JOSMF) Stands to Benefit from Explosive Growth in Electric Vehicle Copper Demand

United Kingdom announces that nation plans to outlaw sale of gasoline-powered vehicles by 2030, full decade ahead of original deadline Electric vehicle sales are set to rise by 50% YoY in 2021, with global EV penetration rates forecast to touch 31% by 2030 Electric vehicles require nearly 80kg of copper during production process versus approximately 25 kilos for internal combustion engine powered vehicle Surge in long-term copper demand bodes favorable for Josemaria Resources, with company reportedly attracting attention of global mining giants in recent months On November 18, 2020, the United Kingdom made the fateful and unexpected decision to ban…

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Month: January 2021