January 2022 - MiningNewsWire

MondayJan 31, 2022 3:39 pm

International Energy Agency Lauds Canada’s Efforts in Clean Energy Transition

A policy review conducted by the International Energy Agency (IEA) has found that the electricity system in Canada is one of the cleanest globally, which is mainly because of the country’s use of nuclear and hydro power. IEA executive director Fatih Birol expressed the organization’s support for the Canadian government’s clean energy transition and lauded the country’s leadership in small modular reactor development. The International Energy Agency usually carries out in-depth peer reviews of the energy policies of its member countries. The agency states that this process encourages the exchange of global best experiences and practices and supports the development…

FridayJan 28, 2022 1:46 pm

Oregon Utility Commences Flow Battery Field Tests

The long-duration iron electrolyte flow battery energy storage solution developed by ESS Inc. will be utilized in a test and demonstration project conducted by Portland General Electric. ESS Inc. is the sole manufacturer of the 3MWh flow battery, which doesn’t possess toxic electrolyte chemistry. The company holds a number of patents of its flow battery, which can be integrated into energy storage systems that provide up of 12 hours of discharge duration and storage. Portland General Electric, the utility firm that will deploy the battery, plans to test the battery system’s ability to offer various applications with different use cases,…

ThursdayJan 27, 2022 12:10 pm

Commodity Prices to Be Driven by Chinese Demand, Pandemic Uncertainty

Commodities outperformed other asset classes last year, with the S&P Goldman Sachs Commodity Index rising by more than 30% to beat the U.S. equity index S&P 500, for the first time in 10 years. However, uncertainty over recovery from the pandemic caused major commodities to experience significant volatility, with some undergoing huge swings amid counteracting supply and demand narratives while others recorded new highs before dropping significantly. China played a role in some commodity markets, as the country is the second main importer of copper, coal, iron ore, crude oil and liquefied natural gas globally. The country’s impact was mostly…

WednesdayJan 26, 2022 11:31 am

Gold Soars as Bond Yields Fall, Dollar Weakens

The price of gold rose to its highest level since November 2021 as the yields on U.S. treasury bonds fell and the U.S. dollar weakened. This rally in the price of gold was given added momentum by the increased volatility within equity markets. Throughout January 2022, the price of gold has largely remained above $1,800 per ounce. Despite the decision of numerous central banks to begin rolling back the stimulus measures instituted to cushion the harsh effects of COVID-19 on economies, gold remained strong on the market. Concerns over the omicron variant coupled with the traditional view that gold has…

TuesdayJan 25, 2022 1:49 pm

Uranium’s Bull Run Triggers Investment in Exploration

The exploration budgets of uranium companies had been steadily declining since 2011, but the recent rosy outlook of the metal has caused a reversal of this trend. According to S&P Global Capital, exploration budgets for uranium increased by 10.7% year-on-year in 2021. When that increase is broken down by country, Canada emerges as the leader of the pack with an investment of $67 million being budgeted for exploratory work by Canadian-based companies. The United States comes in second with $10.1 million earmarked for uranium exploration. While these exploration budgets recorded in 2021 are a far cry from the massive investment…

TuesdayJan 25, 2022 12:51 pm

Much Maligned Uranium Could Save the Planet

Freakish Midwest tornados, devastating wildfires, extreme droughts, abnormal floods – all signal the onset of a changing global climate. There’s overwhelming concern about climate change, but it’s difficult to achieve consensus on actions to mitigate it. The COP 26 UN Climate Change Conference last November was a step in the right direction, spurring global commitments and serving a clear notice that the era of coal is rapidly coming to an end. Three dozen countries, including the United States, pledged to stop funding fossil fuel projects abroad by the end of this year, and more than 40 countries promised to phase out…

MondayJan 24, 2022 1:09 pm

StraightUp Resources Inc. (CSE: ST) (OTCQB: STUPF) Strengthens its Commitment to the Red Lake Mining District Following Approval of its Exploration Permit for RLX

StraightUp received its early exploration permit that allows it to begin exploration activities on the eastern block of its RLX North property The company will be taking a systematic approach to developing and testing gold targets as it plans to execute its 2022 work programs which will include drilling prospective targets in the summer This approval strengthens StraightUp’s commitment to the Red Lake Mining District, having expressed the intention to acquire 100% undivided interest in the RLX property back in September 2021 StraightUp also announced the appointment of Jacqueline Collins as the company’s new Corporate Secretary StraightUp Resources (CSE: ST)…

MondayJan 24, 2022 10:45 am

Investors Warm Up to the Battery Energy Storage Sector

As the world races to reach its net-zero targets in a bid to tame runaway climate change, advances in the technologies used to generate clean energy and those necessary to transport that energy are crucial. For these to have any effect, energy storage systems are vital since they stand in the gap between energy generation and its eventual use. Estimates from the International Energy Agency show that to meet carbon-reduction targets, every vehicle sold by 2035 must be an electric vehicle, and by the time 2050 comes to an end, at least 66% of all the energy generated has to…

FridayJan 21, 2022 10:24 am

Silver’s Industrial Applications to Boost Demand

Silver has the enviable position of not only being a precious metal but also being a metal that has numerous industrial applications because of its different attributes, such as is high electrical conductivity and high reflectivity as well as superior thermal conductivity. While the past two years weren’t so good for this precious metal because of disruptions caused by the COVID-19 pandemic, 2022 and the years to come seem poised to reverse this trend and get the white metal soaring once again. The first factor that could drive up demand for silver is the increased use of the metal in…

ThursdayJan 20, 2022 10:15 am

Barrick Gold CEO Confident Cryptocurrencies Can’t Upstage Gold as Hedge Against Inflation

During a recent interview in Riyadh, Barrick Gold Corp. CEO Mark Bristow stated that the price of gold would stand firm in 2022, that is if they didn’t increase, as investors would use the precious metal as a hedge against inflation, favoring it over cryptocurrencies. Bristow stated that the most likely scenario would be gold trading between $1,750 per ounce and above $1,800, noting that the price risk for the precious metal was on the upside while the risk on the downside was minimal. Barrick Gold Corp. is the second-largest producer of gold globally, with more than 15 operating sites…

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Month: January 2022