January 2021 - Page 2 of 3

TuesdayJan 19, 2021 10:00 am

Chinese State Stockpiler Causes Cobalt Prices to Increase Significantly

Cobalt metal prices in China soared to their highest last week in almost two years. Traders are chalking up the increase in price to the new round of buying by China’s state stockpiler. On the Wuxi Stainless Steel Electronic Trading Center, which is used as a reference for spot deals in the country, cobalt was being sold at 319.50 yuan/kg, or roughly $49.42. This is the highest price recorded in cobalt since Jan. 11, 2019. Despite this being the second week of 2021, the metal is already up by more than 13%. In addition to this, since 2021 began, the…

ThursdayJan 14, 2021 11:15 am

Why Mining Companies Are Adopting Renewable Energy

A discussion held recently on an Africa Mining Forum digital event examined why more mines were using renewable energy. The event, which centered on investment in power projects by the natural resource industry, showed that renewable energy has become the most affordable option in generating electricity in bulk. The event also featured a discussion on the various models that were available to mining firms, particularly in the exploration stage. The growth of renewable energy technology was highlighted in BloombergNEF’s annual New Energy Outlook. The report curated by Bloomberg showed that while energy emissions decreased by nearly 8% as a result…

WednesdayJan 13, 2021 1:45 pm

Josemaria Resources Inc. (TSX: JOSE) (OTCQB: JOSMF) Looks for High-Growth Return as Junior Mining Investment Option

Josemaria Resources developing its wholly owned flagship Josemaria Copper-Gold Project VanEck report details investment value of ‘junior’ mining companies Global smart mining market estimated to reach $6.8 billion last year, forecast to reach $20.31 billion by 2025 For investors looking for high-growth potential, junior mining companies may fit the bill, according to a recent report released by VanEck, an investment management company (https://ibn.fm/Cvv8W). That’s good news for Josemaria Resources (TSX: JOSE) (OTCQB: JOSMF), a natural resources company that is offering an advanced-stage copper-gold deposit project located in Argentina, a rare find in a junior mining company. The VanEck report, titled “The…

WednesdayJan 13, 2021 1:00 pm

Oxbotica Secures $47 Million in Funding to Develop Software for Autonomous Mining

Oxbotica recently reported that it had raised $47 million for new autonomous software that would be used in different mines cross the globe. Among the company’s backers are BGF, an investment firm, and BP, an energy firm. Oxbotica is currently developing an open-autonomy software for the natural resource industry designed to assist all manner of vehicles with different functions and sizes to operate on their own, minus input from an individual, while also communicating with each other. In addition to this, the company also provides a cloud-based platform for data and vehicle management that can assimilate with all vehicles controlled…

TuesdayJan 12, 2021 12:15 pm

Why Gold Stocks May Be Better Investment Than Physical Gold

While gold is valued for its buoyancy and great returns during economic recessions, owning gold mining stocks is even more highly valued, especially in gold bull markets as they yield much greater returns. In the past two decades, the mining stocks of gold have surpassed gold bullion prices during bull markets. Gold miners provide more potential benefits and also possess greater drawbacks and higher volatility, especially in recessions. This makes strong hands and market timing even more necessary. This can be seen in the price of physical gold, which grew 550% during the gold bull market period 2000–2011. In the…

MondayJan 11, 2021 11:30 am

Miners Commend Federal Spending Bill Financing Rare Earths Projects

The COVID-19 pandemic aid and spending package that was signed by outgoing U.S. President Donald Trump in the last weeks of 2020 is inclusive of more than $800 million to finance strategic minerals and rare earths research. This fund will help mining firms to neutralize China’s dominance in the natural resource industry sector. The bill, which is worth $2.3 trillion and is 5,573 pages long, is a compilation of Trump’s executive orders on rare earths. Rare earth minerals are a category of minerals used to make magnets for electric cars, weapons and other green technologies. They are made up of…

FridayJan 08, 2021 10:53 am

Josemaria Resources Inc. (TSX: JOSE) (OTCQB: JOSMF) Project Potential Acquisition for One of World’s Largest Gold Mining Companies

JOSE’s Josemaria Copper-Gold Project makes list of possible acquisitions as Barrick Gold eyes expansion into copper space Barrick CEO calls copper “fantastic asset and very strategic” Article notes that JOSE property has proven probable reserves of 6.7 billion lbs. of copper, 7 million ounces of gold, 30 million ounces of silver Josemaria Resources (TSX: JOSE) (OTCQB: JOSMF), a natural resources company that is offering an advanced-stage copper-gold deposit project located in Argentina, is on a short list of potential acquisitions Barrick Gold may be looking at, according to a “Dear Retail” article (https://ibn.fm/brYUr). The article notes that Barrick currently owns…

FridayJan 08, 2021 10:00 am

Price of Iron Ore Plummets as China Cuts Back on Steel Production

During the last weeks of December 2020, China’s benchmark iron futures decreased after the nation called for the steel industry to manufacture less crude steel this year. The objective of this is in line with the Chinese government’s carbon neutrality plan. Last year, prices of iron ore more than doubled, which set the ore that is used to make steel on track to becoming the top-performing major product in the world for the second year in a row. This came at a time when Chinese demand stands firm and speculative money was being received by the market. Despite this, however,…

ThursdayJan 07, 2021 10:00 am

Mineral Sample Retrieved Over Two Centuries Ago Classified as New Mineral

Recently, researchers from Slovakia, the Diamond Lightsource and London’s Natural History Museum found a new mineral when they were studying a liroconite sample. Liroconite is a mineral colored bright blue that was recovered from a Cornwall mine more than two centuries ago. In an attempt to curate the mineral properly, lead researcher Mike Rumsey noted that the mineral’s color varied from bright blue to emerald green. In a media statement, he explained that the researchers discovered that the mineral samples that were a dark-green shade were relatively chemically different to the bright-blue mineral samples. This was their basis for categorizing…

WednesdayJan 06, 2021 10:45 am

Newest Gold Mine in Ontario Pours First Gold

During the last week of 2020, Pure Gold Mining poured its first gold at its Red Lake Pure Gold mine, located in Ontario. The company aims to issue guidance for this year after its mine reached commercial production. Company executives expect that this will happen by the end of Q1 2021. Pure Gold Mining CEO and president Darin Labrenz stated in a press release that a complete team effort made up of driven, focused and dedicated individuals was needed to build the mine. The underground mine, which will be among the highest producers of grade gold globally, utilizes various mining…

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Month: January 2021