March 2023 - MiningNewsWire

FridayMar 24, 2023 1:03 pm

EU Categorizes Nickel, Copper as Critical Minerals

The European Union (EU) has added copper and nickel to its list of critical minerals at a time when both metals are facing significant shortages. Critical or strategic minerals are either nonmetallic or metallic elements that play a significant role in the function of modern technology, national security or economies, and that face an inherent risk of supply chain disruption. Copper is crucial in the development of renewable energy technologies and electric cars while nickel is a major raw ingredient in electric vehicle batteries. As the world strives to move away from dirty energy sources such as oil and coal…

ThursdayMar 23, 2023 2:04 pm

Morgan Stanley Report Forecasts Renewable Energy Will Replace Coal by 2033

A report by Morgan Stanley published last month predicts that by 2033, coal-fired power plants will be replaced by renewable energy. The American multinational investment management and financial services firm helps mobilize capital to help corporations, governments, institutions and individuals around the globe achieve their financial goals. The article states that renewable energy such as wind and solar power will provide almost 40% of electricity in America by 2030. This is expected to increase to 55% by 2035. Last year, coal-fired plants supplied roughly 20% of electricity in the United States. The Energy Information Administration expects that this will rise…

ThursdayMar 23, 2023 9:45 am

McEwen Mining Inc.’s (NYSE: MUX) (TSX: MUX) 52%-Owned McEwen Copper Releases ‘Exciting Results’ from Los Azules Copper Project Revealing Continuity of Mineralization

McEwen Mining, a diversified gold and silver producer with operations in the Americas, owns 52% of McEwen Copper and its Los Azules Project in San Juan, Argentina McEwen Copper has reported initial exploration and solid delineation results that have similarities to world class porphyry copper deposits in Chile and Peru Exploration results (AZ22174) include 1,052 m of continuous copper mineralization to the end of the hole implying extensions of the deposit to the north and at depth Delineation results (AZ23191) revealed copper continuity in the core of the deposit, with some of the highest grades reported to date McEwen Copper…

ThursdayMar 23, 2023 9:00 am

Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) – Leveraging Strategic Partnerships and Advanced Processing Technology to Disrupt China’s Dominance in Critical REE Space

Ucore is a company engaged in the exploration for and separation and scalable production of REEs in Canada and the US The company is focusing on a section of the REE supply chain where China has taken control of rare earth oxide production: the midstream Ucore is focused on finding US-allied friendly feedstocks upstream, processing them, and then feeding them to customers downstream that want to find an ex-China solution to be able to make things work for them The company’s RapidSX is a more competitive REE processing technology that improves the efficiency of the conventional solvent extraction process, resulting…

WednesdayMar 22, 2023 2:10 pm

Mining Interest in Fertilizer Production Increases

Anglo American recently announced its revival plans for the former Sirius Minerals mine. This comes as more miners turn to the growing fertilizer market. The global fertilizer market is still being rehabilitated a year after Ukraine was invaded by Russia. The primary reasons for this are the fact that Belarus and Russia are huge fertilizer exporters and that increasing gas prices have affected ammonium nitrate and urea prices, which are key fertilizer inputs. For instance, the price for potash shot up from about $250 per ton at the start of 2022 to almost $1,200 per ton by the end of…

WednesdayMar 22, 2023 9:45 am

121 Mining Investment is in Las Vegas To Offer Two Days of Investment Meetings and Exceptional Market Analysis

121 Mining Investment Las Vegas (28-29 March) offers junior resource companies and investors from the mining spectrum a unique platform to connect and network for future growth and key business prospects. The CEOs from 55 vetted natural resource companies are heading to bustling Las Vegas to present project updates and meet over 150 investors for two days of 1-2-1 meetings. These meetings will run alongside a content-packed conference schedule, covering topics such as the energy transition, the gold outlook, precious metals investment strategies, uranium, and the impacts of megatrends on metals and mining investing. Qualified investors are able to attend…

TuesdayMar 21, 2023 1:52 pm

Analysts Warn That China’s Coal Surge Is Jeopardizing Global Climate Goals

Several countries have pledged to cut down and ultimately stop their use of coal in energy generation amid global efforts to reduce greenhouse carbon emissions and halt climate change. The need for cleaner power generation means, such as solar and wind, has grown even greater in recent years as climate change has caused extreme weather events across the world such as wildfires and extreme cold. However, China has spent the last few months accelerating plans to build new coal-fired power plants. In the last half of 2022, China grew its coal project pipeline by a whopping 50% to bring its…

MondayMar 20, 2023 2:10 pm

Copper Sales Help Ivanhoe Register Record 2022 Profits

Canadian mining company Ivanhoe Mines saw its profits from last year soar due to record copper sales. A recently published statement from the mining firm revealed that it sold 323,733 tons of payable copper last year and generated a record annual revenue of $2.15 billion. Ivanhoe’s total profit for the year stood at a whopping $434 million and could primarily be attributed to the company’s Kamoa-Kakula joint venture, which brought in around $405 million. In the south of the Democratic Republic of Congo in the Kolwezi District of Lualaba, the Kamoa-Lakula Copper Complex produced more than 333,000 tons of copper…

MondayMar 20, 2023 9:00 am

Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Ramping Up Proprietary REE Processing Solution, Plans for Mine Prospect as China Tech War Grows Hotter

Rare earth element (“REE”) processing solutions developer Ucore Rare Metals Inc. is preparing to demonstrate the prowess of its proprietary RapidSX (TM) technological advantage as an improvement over standard REE ore separation processes REE production has become a matter of strategic importance to American industries and tech-based military applications, as China has built global control of vital REE markets and demonstrated a willingness to stop REE exports during international disputes Ucore is preparing to launch construction of a Strategic Metals Complex (“SMC”) in Louisiana later this year after demonstrating RapidSX (TM) potential at its Canadian base Ucore’s SMC will be…

FridayMar 17, 2023 11:29 am

US Banking Sector Turmoil Gives Precious Metals a Market Boost

The precious metals market experienced a boost amid a recent banking crisis that has seen three major banks become insolvent. Gold prices rose to more than $1,900 per ounce and nearly reached the $2,036 per ounce high seen in July 2020 in the wake of the third-biggest bank failure in America's history. After consecutive interest rate hikes by the U.S. Federal Reserve caused the value of Silicon Valley Bank’s investments in long-term, higher-yield, mortgage-backed bonds and securities bonds to plummet, the bank began scrambling to fill the large hole in its balance sheet. Efforts by the bank to offset the…

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Month: March 2023