February 2021 - MiningNewsWire

FridayFeb 26, 2021 12:45 pm

Experts Call for More Research on Pacific Deep Sea Mining

Deep sea mining is a method of retrieving minerals in the sea beds. Mineral deposits are mined either through the use of bucket systems or hydraulic pumps that transport mineral ore to the surface for processing. As with other mining operations, deep sea mining raises many questions and concerns about its potential impact on the environment. Many environmental advocacy groups such as the Deep Sea Mining Campaign and Greenpeace have asserted that ocean floor mining shouldn’t be allowed in oceans around the globe because of the potential for pollution and damage to deep sea ecosystems. Despite this, however, mining firms…

ThursdayFeb 25, 2021 3:00 pm

Indonesia Confirms Nickel Talks with EV Giant Tesla Inc. (NASDAQ: TSLA)

An official from the Indonesian government has confirmed recent reports that the country’s government will start early talks with electric vehicle manufacturer Tesla Inc. (NASDAQ: TSLA) over a possible investment in Li-ion battery development in the country. Indonesia’s deputy head for mining and investment coordination, Septian Hario Seto, was the first to reveal news of the investment proposal. This development would boost Indonesia, which is already the largest producer of nickel globally. Nickel is an essential ingredient in Li-ion battery production, with the batteries being used in electric vehicles. The price of nickel has recently surged to a six-year high…

ThursdayFeb 25, 2021 1:34 pm

Excellon Resources Inc. (TSX: EXN) (NYSE American: EXN) (FSE: E4X2) Strikes Silver at Silver City Project in Saxony

Company announced discovery of high-grade silver mineralization at Grauer Wolf target Excellon continues to develop and test new targets along the 36-kilometer strike length EXN advancing a precious metals growth pipeline in Idaho, Mexico and Germany Excellon Resources (TSX: EXN) (NYSE American: EXN) (FSE: E4X2), a silver and base metals producer with operations in Mexico and precious metal exploration projects in Mexico, Idaho and Germany, has announced a new discovery. The discovery of high-grade silver mineralization comes at Grauer Wolf, the fourth target drilled at EXN’s Silver City project (https://ibn.fm/1vKtG). According to the announcement, the discovery is located on a…

ThursdayFeb 25, 2021 1:13 pm

Uranium Energy Corp. (NYSE American: UEC) CEO Talks Domestic Uranium Production, UEC Seizing Opportunity During Recent Podcast Appearance

UEC president CEO Amir Adnani is featured on a recent episode of Bell2Bell Podcast. Adnani notes that Uranium Energy Corp. is focused on rebuilding, restarting a domestic infrastructure to mine uranium for carbon-free nuclear energy. The Company’s production area in the Burke Hollow project is the newest, largest ISR well field being developed in the country. Uranium Energy (NYSE American: UEC) president and CEO Amir Adnani was featured on a recent episode of The Bell2Bell Podcast (https://ibn.fm/6mYtD), a podcast series focused on providing informative updates and exclusive interviews with executives leading companies that are operating in fast-moving industries. Under Adnani’s guidance, Uranium…

WednesdayFeb 24, 2021 3:10 pm

Slow Process of Approving Mining Projects May Affect America’s Strategic Interests

The United States has been spending billions yearly for imported metals and minerals, despite the country’s abundance of various minerals in unexplored places such as Northeastern Minnesota. Many believe that what the country lacks is an efficient process that permits access to said minerals and metals. Presently, it takes roughly a decade to bring a new mine in the country into production, with many blaming Congress for the unreasonably long wait period. For years now, a senate bill that would modernize the whole licensing process has been buried in the Energy and Natural Resources Committee. Because of this, in 2020,…

WednesdayFeb 24, 2021 1:47 pm

Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Poised for Growth as Demand for Rare Earth Elements Expected to Expand Over Next Decade

Industry experts expect rare earth elements (“REE”) space to continue to grow significantly through 2030 UUUU entered REE business last year to complement its core uranium production; plans commercial production of intermediate REE product in H1 2021 Company expects to become leading U.S. player in this field, supplying up to 50% of nation’s rare earth demand in next few years The rare earth elements (“REE”) market continues to be of interest for investors and governments around the world amid the heightened uncertainty due to trade restrictions out of China and increased demand for REE magnets, according to an article published…

TuesdayFeb 23, 2021 1:45 pm

EV Sector Driving Force Behind Responsible Mineral Sourcing, Mining

The ocean waters that surround Papua New Guinea and Eastern Indonesia lie in a biodiverse Coral Triangle, which is home to some of the world’s most highly endangered and concentrated coral reefs. Apart from being internationally significant ecological sites, these reefs are also habitats for a few vital subsistence and commercial fisheries, which are crucial to the lives of the local communities. At the same time, the area, which is rich in nickel deposits, is attracting the attention of manufacturers of electric vehicles worldwide. Reason being, electric vehicles rely on batteries that contain minerals such as cobalt, lithium and nickel.…

MondayFeb 22, 2021 12:45 pm

Judge Gives Green Light for Forest Land Transfer to Rio Tinto Plc (NYSE: RIO) in Arizona

This past week, a federal judge gave his ruling on a case that involved the U.S. Forest Service transferring Arizonian land owned by the government to Rio Tinto Plc (NYSE: RIO). His ruling denied the request from Native Americans who had argued that the land had cultural and religious value. The judge’s ruling is probably going to intensify the clash between Rio Tinto and BHP Group Plc, which is its minority partner, and members of the San Carlos Apache Tribe in Arizona, who assert that the land is home to deities. Rio Tinto has spent more than $1 billion dollars…

FridayFeb 19, 2021 1:30 pm

Central Asia: The New Hub of Attractive Mining Opportunities

Kyrgyzstan, Kazakhstan, Uzbekistan and Tajikistan — formerly Central Asia under the Soviet Union — may in the near future provide global mining firms with great opportunities to grow, due to the liberalization of national mining laws that were established by local governments in the recent past. Additionally, the countries are rich in minerals. The Central Asia region, which is occupied by 72 million people and can be distinguished by huge subsoil resources, extends from the Caspian Sea in the west to Mongolia and China in the East. To date, the interest of various Western mining firms in the region has been…

ThursdayFeb 18, 2021 2:45 pm

Western University Professors to Study Regulations Governing Space Mining

The constant rise in demand for exhaustible natural resources has attracted the interest of many nations globally, with many hoping to potentially harvest resources from outer space. Recently, a pair of professors from Western University launched a project whose objective is to tackle the gaps in the laws that govern mining in space and how these regulations may influence the companies and countries that would like to venture into the business of space mining. The professors — Elizabeth Steyn and Valerie Oosterveld — set up the research project to investigate the regulations that govern mining in space and whether international…

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Month: February 2021