August 2023 - MiningNewsWire

ThursdayAug 31, 2023 2:05 pm

Study Shows Benefits of Closing Coal Plants Could Be Broader in the US Than Previously Thought

Recent research has suggested that shutting down coal plants could have even broader health benefits than experts previously thought. While experts already knew that coal plant closures resulted in cleaner air and better air-quality levels, a new study indicates that cleaning up the air could have greater benefits than data suggested. Researchers studied the 2016 closure of a coal processing plant in Neville Island on the Ohio River that had produced coal-coke for steelmaking processes for close to a century. They discovered a substantial reduction in air-pollution levels in neighboring communities. Specifically, sulfur dioxide went down by 90% and arsenic…

WednesdayAug 30, 2023 3:02 pm

AMR Market Report Suggests Organic Fertilizers Are Poised for Explosive Growth

A recent market report by Allied Market Research indicates that the organic fertilizer segment is poised for explosive growth. Surging prices and dwindling supplies have plagued the global fertilizer market since early 2022. That was the year when war broke out between Russia and Ukraine, hampering supplies from the two major fertilizer-exporting nations and plunging the worldwide fertilizer market into chaos. Fertilizer prices were struggling before Russia’s invasion of Ukraine due to the global disruptions caused by the coronavirus pandemic. Lockdowns in large fertilizer-consuming nations such as China disrupted the production and transportation of phosphate and phosphoric acid to other…

WednesdayAug 30, 2023 9:00 am

GEMXX Corp.’s (GEMZ) Strategic Investments Pay Off, as Company Positions itself as a World Class Producer and Distributor of Gemstones and Jewelry

GEMXX recently announced that new investments had strengthened its financial position and would allow it to attract further investment over the next 12 months The announcement followed the acquisition of a 50% ownership stake in Crazy Horse Mining Inc., whose assets include a 100% interest in the Snow Creek and Rosella Creek gold projects in British Columbia Initial production results on the Snow Creek site prop GEMXX to scale up gold production, having announced plans to ramp up processing to approximately 1,000 cubic yards of gold-bearing ore per day GEMXX (OTC: GEMZ), a publicly traded vertically integrated company specializing in…

TuesdayAug 29, 2023 1:13 pm

US DoE to Fund Studies on Sustainably Extracting Minerals from Coal

The Biden administration is set to fund research on environmentally friendly ways of extracting minerals and additional byproducts from coal. A recent press release from the USA Department of Energy (DOE) revealed that the agency has provided $30 million in grants to support efforts to build up local production, reduce costs and reduce America’s reliance on energy imports. The ongoing energy crisis has underscored just how interconnected the world has become along with the inherent danger of relying on foreign suppliers for critical products. For instance, the United States is wholly reliant on China for its supply of rare earth…

MondayAug 28, 2023 12:38 pm

Surging Equities Reduce Allure of Gold as Inflation Rages On

Gold-backed exchange-traded funds (ETF) are losing their safe haven appeal amid fears of an economic slowdown in the United States, well-performing equities and increasing bond yields even as inflation continues to ravage the global economy. Precious metals such as gold have traditionally enjoyed safe-haven appeal in times of political and economic upheaval as they can retain their value even as other assets and fiat currencies depreciate. In past years, geopolitical turmoil and economic slowdowns have consistently increased investor interest in gold as investors have sought to store their money in nondepreciating assets. A mini-crisis in the U.S. regional banking sector…

MondayAug 28, 2023 9:45 am

Eloro Resources Ltd. (TSX: ELO) (OTCQX: ELRRF) (FSE: P2QM) Publishes Updated Corporate Presentation; Remains Focused on Upcoming Release of Initial Mineral Resource Estimate

Eloro Resources recently published a new corporate update detailing ongoing developments within the company Eloro is continuing to work on the upcoming publication of its inaugural NI 43-101 compliant mineral resource estimate report, which will provide the market with more granular information related to the commercial viability of the Iska Iska project The company has recently carried out a variety of further studies within the site, including looking into the viability of ‘ore sorting’, a determinant of overall resource extraction efficiency Eloro Resources (TSX: ELO) (OTCQX: ELRRF) (FSE: P2QM), an exploration and mining company focused on developing its potential world-class…

MondayAug 28, 2023 9:00 am

Jewelry Maker GEMXX Corp. (GEMZ) Ramps Up Production at Canadian Gold Site

GEMXX Corporation is a unique vertically integrated jewelry producer, focused on managing costs in-house by mining its own gold and gemstones via its Canadian mine resources for its many jewelry products GEMXX has been engaged this year in bringing one of its British Columbia gold ore sites up to full production The company recently announced the encouraging results of gold ore processed from surface materials stockpiled during site construction, amounting to 0.86 ounces per 100 cubic yards GEMXX will add the gold processed from the site to fossilized, iridescent Ammolite gemstones from its Alberta resources, as the materials for its…

FridayAug 25, 2023 12:28 pm

Only Gold, Lithium Performed Positively in H1 2023

Commodities market data from the first half of 2023 has revealed that only gold and lithium performed positively in H1 2023. Now that the second half of the year has begun in earnest, analysis of the commodities markets’ performance in H1 2023 revealed that lithium was the best-performing commodity, thanks to a 10.81% gain. Alongside lithium, gold was the only other commodity to gain ground in the first half of the year to register a positive return for investors. While gold and lithium saw relative increases in price over the first half of the year, nearly every other commodity recorded…

ThursdayAug 24, 2023 2:19 pm

Tellurium Could Transform Battery Chemistry, Accelerate EV Adoption

Battery technology is currently undergoing a revolution that could result in the development of much more energy-dense electric vehicle batteries and spur EV adoption. Lithium-tellurium batteries just may be the spark the battery industry needs to boost battery efficiency without increasing costs or harming the environment, thanks to their high energy density, low cost and long cycle life. As the world transitions from fossil fuels to renewable energy, it will have to significantly expand its stationary battery storage capabilities. This will call for the development of newer battery technologies that can hold more power for longer to store renewable energy…

WednesdayAug 23, 2023 2:16 pm

China’s Low Inventory of Copper Contradicts Global Reality

Copper prices have fallen for the past several months amid a global energy crisis, worsening cost of living crisis and increasing geopolitical tension. Because copper’s performance is traditionally associated with broader economic metrics, reducing copper prices have increased fears of a global economic slowdown. Prices for the red metal have trended downward partly due to reduced demand, particularly from major copper importer China, and disappointing import and export data from the Asian nation. A sharp drop in global demand caused by worsening economic conditions in Europe and slowed economic recovery in manufacturing giant China also caused prices to drop significantly…

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Month: August 2023