April 2023 - MiningNewsWire

FridayApr 28, 2023 2:15 pm

Price of Gold Rises as Softer Economic Data Released

Last week, the price of gold reached $2,000 after data in the United States signified the economic toll of the Fed’s hikes in interest rates. The price of spot gold rose by 0.4% to reach $2,002.21 per ounce after a two-week low, which saw the metal’s price reach $1,969.10 an ounce in the last session. In an interview, chief market strategist at Blue Line Futures Phillip Streible stated that a lot of stop losses were triggered once the precious metal breached the $2,000 mark. U.S. gold futures also climbed 0.4% to reach $2,014.60 an ounce. This recent data shows that…

ThursdayApr 27, 2023 2:34 pm

Miners in Peru Extract Gold Without Mercury to Clean Up the Industry

Gold miners in Peru have been using a new technique to extract gold, in an effort to clean up the sector. Pure Earth, an organization that pioneers evidence-based solutions to mercury and lead exposure, trained the miners in this method. The new method involves adding water to a mixture of sand, gold and dirt then shaking a table to separate the gold without using mercury. This new method will decrease the environmental and health risks associated with mining. Artisanal miner Faustino Orosco and his fellow workers at the Fátima mining concession are set to become the pioneer miners in the…

WednesdayApr 26, 2023 11:16 am

Al Jazeera Investigation Shows How Gold Smuggling Works

Switzerland is the biggest exporter of gold globally, followed closely by the United Arab Emirates, the United Kingdom and the United States. Switzerland imports refined and branded gold from other countries before exporting it to other nations where jewelry and other accessories are made. The precious metal’s trade model is, however, easily infiltrated by money launderers and smugglers who use it to sell gold from suspicious sources and launder funds. This was clearly seen in the recent investigation done by Al Jazeera’s I-Unit dubbed the Gold Mafia, which aired in four parts. The investigative unit had undercover journalists pretend to…

WednesdayApr 26, 2023 9:45 am

Reflex Advanced Materials Corp. (CSE: RFLX) (OTCQB: RFLXF) Aims to Revive U.S. Graphite Production as the Country Seeks to Boost Domestic Supply of Critical Minerals

Lithium-ion batteries power modern technologies, but another critical element is required to build them – graphite, the battery’s single largest component, the production of which is mainly controlled by China Currently, no significant production of lithium-ion battery anode material exists in North America; resuming domestic graphite production emerges as critical in reducing reliance on foreign supply and increasing energy self-sufficiency amid growing international geopolitical tensions Reflex Advanced Materials seeks to fill the market gap by reactivating domestic mining operations of flake and vein graphite; with direct access to top-notch supply chain partners, it is uniquely positioned in the market as…

TuesdayApr 25, 2023 12:15 pm

Gold Can Buffer Investors Against Uncertainty Risks

Precious metals such as gold have allowed individuals to preserve the value of their holdings during periods of economic upheaval for decades. Since gold does not depreciate in value, even when the economy falters and fiat currencies lose value, investing in the metal has been an ideal way to store and preserve the value of holdings through an economic downturn. Global economic circumstances in recent years have caused the demand for gold as a store of value to increase amid inflation, fears of recession and weakening currencies. Gold saw its demand increase dramatically toward the end of 2022 when several…

MondayApr 24, 2023 1:46 pm

Report Finds Banks’ Decision to Not Fund Coal Projects Reduced Carbon Emissions

Coal use in energy generation is poised to decline over the next few decades as dozens of countries worldwide transition to clean energy. The green-energy transition is part of a global movement to reduce greenhouse gas emissions and combat climate change by adapting renewable energies such as solar and wind that produce minimal to zero emissions. While individuals are encouraged to take steps to reduce their carbon footprint, such as avoiding plastic packaging and reusing bags, action by large institutions will be necessary to cut down on greenhouse gas emissions on a large scale and achieve net zero emission goals.…

FridayApr 21, 2023 3:01 pm

Price Rally for Silver, Gold Plateaus as Hedge Fund Buying Reduces

Silver and gold’s rally may be slowly dying down as buying from hedge funds declines. Last week, prices for both silver and gold hit $26 per ounce and $2,075 per ounce respectively. Despite an increase in selling pressure, some analysts expect that both precious metals will remain in bullish rallies in the long-term as investors try to safeguard themselves against worldwide economic uncertainty and rising inflation. The Fed may be considering ending its ongoing hiking cycle after one final rate hike in May. Concurrently, industrial use demand is projected to remain strong through this year because of the green-energy shift…

ThursdayApr 20, 2023 11:05 am

Germans’ Debate on Nuclear vs. Renewable Energy Continues Amid Station Shutdown

More and more countries are working to adopt greener energy sources and reduce their greenhouse gas emissions. Turning to solar and wind energy to meet demand will not only reduce the use of coal but also help countries meet the targets set in the 2015 Paris Agreement. The Paris Agreement establishes an international framework to steer clear of catastrophic climate change by keeping global warming below 2o C and trying to reach a 1.5o C limit. Earlier this week, Germany closed its remaining atomic power stations amid conflict between two groups: politicians and conservative commentators on one side with greens…

ThursdayApr 20, 2023 9:45 am

Battery Mineral Resources Corp. (TSX.V: BMR) (OTCQB: BTRMF) Committed to Strengthening, Benefitting Local Communities

BMR completes “mutually beneficial agreements” with two Chilean communities Company committed to develop productive, ethical and transparent relationships with surrounding neighborhoods BMR also finalizes comprehensive policy, strategy and implementation guide In its ongoing commitment to ESG as well as supporting and partnering with the communities where it operates, Battery Mineral Resources (TSX.V: BMR) (OTCQB: BTRMF) has been announcing key community and social initiatives at its Chile-based Punitaqui Project (https://ibn.fm/Rexrs). Specifically, the company has completed agreements with the Potrerillos Community (Comunidad Agricola Potrerillos) and the Punitaqui Community (Comunidad Agricola Punitaqui). “We are delighted to have reached these mutually beneficial agreements with…

WednesdayApr 19, 2023 3:13 pm

Copper Rallies, But Analysts Say Gains May Be Temporary

A recently conducted survey by Focuseconomics shows that some analysts upped their predictions for the price of copper in the final quarter of this year. The Barcelona-based company involved more than 24 investment banks and market research firms in its survey. While the price of copper hit $9,200 per ton after a week of strong gains last week, the consensus prediction for the average prices of the red metal in Q4 2023 still remains below current levels, at $8,575/ton. The highest forecast, by Commerzbank, stands at $10,050 per ton while the lowest, by Euromonitor, stands at $6,500 per ton. The…

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Month: April 2023