June 2023 - MiningNewsWire

FridayJun 30, 2023 11:10 am

Ivanhoe Founder Warns of ‘Train Wreck’ as Copper Supply Stalls

Ivanhoe Mines founder and executive cochair Robert Friedland has warned of an impending crisis if copper supply can’t keep up with demand. The world has been grappling with a shortage of copper for a couple of years, and experts predict that copper supplies will remain low throughout the year. With the red metal playing a critical role in electrical equipment, construction and industrial machinery, a chronic shortage of copper could spell doom for the global economy, especially as it grapples with an energy crisis, a cost of living crisis and runaway inflation. The recent shortage was exacerbated by increased demand…

ThursdayJun 29, 2023 10:58 am

Asia Sees Thermal Coal’s Price Stumble on the Market

Thermal coal prices in Asia are seeing a decline amid a decrease in liquified natural gas (LNG) prices and reducing demand in Europe. Natural gas prices surged early last year after Russia cut gas supplies to the rest of Europe and left several countries scrambling for other energy sources. With winter approaching and natural gas prices at all-time highs, plenty of European countries were forced to turn back to their coal-fired power plants to shore up power supplies. The result was a spike in coal demand and prices even though most of the EU region had already pledged to move…

ThursdayJun 29, 2023 9:45 am

Eloro Resources Ltd.’s (TSX: ELO) (OTCQX: ELRRF) (FSE: P2QM) Tom Larsen and Bill Pearson Elaborate on Iska Iska Project Potential, Express Belief on Imminent Re-Rating in Company’s Share Price

Eloro Resources CEO, Tom Larsen and Executive Vice President, Bill Pearson recently met with Global Business Reports to discuss the company’s ongoing work at the Iska Iska mine Since beginning exploratory work in September 2020, the company have carried out over 85,000 m and 122 holds of exploratory drilling within the site, uncovering potential resources boasting extremely high grades of precious metal content With the release of the company’s mineral resource estimate now imminent, Larsen and Pearson believe that a re-rating of Eloro Resources’ share price may soon be forthcoming In 1545, Don Diego Gualpa stumbled – literally - across…

WednesdayJun 28, 2023 2:30 pm

The Pros, Cons of Investing in Silver

The demand for silver often increases in times of financial uncertainty, as the metal is regarded as a reliable store of value and a safe-haven asset. Below, we look at the pros as well as cons potential investors should consider before investing in silver. Main advantages of investing in silver You have different options for investment Potential investors who want to invest in silver can choose to buy stock in silver mining companies, purchase physical silver, or buy silver IRAs or silver ETFs, among other options. The metal has more earning potential The price of silver has a history of…

WednesdayJun 28, 2023 9:00 am

McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Announces 2023 Preliminary Economic Assessment and New Base Case Development Strategy for Los Azules Project

McEwen’s new PEA presents a new strategy that converts from conventional milling to a heap leach process Three principal reasons for changing the implementation strategy include the company’s environmental footprint, reduced permitting risk, and the advantages associated with the production of fine copper cathodes The copper cathode process eliminates the dependency on third-party smelters, allowing for direct industrial use McEwen Mining (NYSE: MUX) (TSX: MUX), an asset-rich, diversified gold and silver producer in the Americas with large exposure to copper through its subsidiary, McEwen Copper, owner of the Los Azules copper deposit in Argentina, recently released the results of an…

TuesdayJun 27, 2023 12:29 pm

New Extraction Technology Could Help Address Global Lithium Demand

Lithium is one of the most critical metals in our modern technology-reliant economy. The metal is a crucial ingredient in the lithium-ion batteries that run most of our rechargeable devices. Furthermore, with large nations such as the United States looking to replace their fleets with battery-electric vehicles, lithium will be in even more demand over the next decade. Most of the global lithium reserves are located in brine, a layer of very salty water under the earth’s surface. Miners extract the critical mineral by evaporating the brine in huge pools over a nearly two-year period. However, this process is inefficient,…

TuesdayJun 27, 2023 9:00 am

Brokered Offering to Help Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Finance Projects Key to North American REE Supply Chain

Rare earth elements (“REEs”) are metals in high demand for modern technologies ranging from phones to F-35 jets China currently maintains a commanding global control over the world’s REE supply chain, from mining to production, and has generated international controversy by introducing price increases and export restrictions The European Union imports 98 percent of its REE supply and the United States imports 78 percent of its REE supply from China Canada-based Ucore Rare Metals Inc. is demonstrating an REE process technology it regards as an improvement on the standard processing technology used by China, and Ucore intends to use its…

MondayJun 26, 2023 12:11 pm

GEAPP, Rockefeller Foundation to Design Credit Program to Help Phase Out Coal Use

Last week, the Global Energy Alliance for People and Planet and the Rockefeller Foundation made a formal statement on the Coal to Clean Credit Initiative, which is supported by South Pole, RMI and the Climate Policy Initiative. This initiative, comprised of a consortium of experts from around the globe, will set up a novel standard for the use of carbon finance to motivate the transition to renewable energy in countries globally. The Coal to Clean Credit Initiative is set to begin a consultative process this month, establishing a benchmark for carbon-funded coal transition projects. Rockefeller Foundation president, Dr. Rajiv J.…

MondayJun 26, 2023 9:45 am

Reflex Advanced Materials Corp. (CSE: RFLX) (OTCQB: RFLXF) Prepares to Meet the Fuel Cell Industry’s Rising Demand for Graphite

Adoption of fuel cell technology hinges on the availability of high-purity graphite for specific fuel cell components The Ruby Graphite project is the only known combined graphite flake and vein graphite source in the U.S., recent samples assay at 95.8% to 98.4% total carbon RFLXF acquired the Ruby Graphite project in 2022, holds mining rights for 755 hectares with 96 federal lode mining claims Other graphite applications include the use of specialized fire retardants, in high-speed machinery; as a refractory material in certain manufacturing processes; as a crucial component in lithium-ion batteries; and as a moderator in specific types of…

FridayJun 23, 2023 10:25 am

Penn State Researchers Suggest Bacteria Could Ease Rare Earths Mining

Rare earth metal mining and processing is incredibly complex. Rare earths rarely occur in large concentrations, instead arising in scattered deposits across the crust. Furthermore, they are often deposited alongside radioactive elements, including thorium and uranium, making it extremely expensive to pull them from the earth and safely separate them from their radioactive companions. This process is so difficult that only one country, China, has the expertise and technology to process rare earth metals such as neodymium, cerium and yttrium in bulk. Mining and processing rare earth metals also has a variety of negative environmental effects that most countries aren’t…

MiningNewsWire provides insights and opportunities in the mineral and mining sectors.

Contact us: (310) 299-1717

Month: June 2023