TuesdayAug 08, 2023 11:47 am

Nickel Mine in Indonesia Moves to Address Environmental Concerns

The company behind a massive industrial mine in Indonesia that is swiftly becoming a major nickel producer says that it is implementing policies to address the environmental concerns associated with mining nickel. Nickel is among a group of minerals used to develop the rechargeable batteries in everything from mobile phones and laptops to electric vehicles and stationary storage solutions. As major economies such as the United States, China and countries in the European Union transition from dirty fuels and gas-powered cars to electric vehicles and renewable energy, demand for metals such as nickel are expected to skyrocket. Last year, Brazilian…

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TuesdayAug 08, 2023 9:45 am

GEMXX Corp. (GEMZ) Announces Significant Progress Regarding Financing for Gold and Ammolite Mining Operations

The company offers an approach that gives them a cost-saving edge over other producers in the market Preliminary discussions have been made to shortlist engineering firms capable of conducting the necessary SK-1300 technical reports for the company’s newest gold and Ammolite assets – with anticipated completion by the end of FY-2023 GEMXX is participating in Regulation A financing, and interested investors, shareholders, institutions, and financiers, are urged to visit the company’s website for more information GEMXX (OTC: GEMZ), a mine-to-market enterprise specializing in gold, gemstone, and jewelry production, recently announced that it has made significant progress in its efforts to…

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MondayAug 07, 2023 3:36 pm

Archeological Study Uncovers Ancient Use of Coal

A recent archaeological study has revealed that humans may have been exploiting coal for fuel more than 3,500 years ago. Published in the “Science Advances” journal, the study found that humans were carrying out mining operations in northwestern China around 3,600 years ago, pushing back humanity’s first mining exploits and interactions with the fuel to more than three and a half millennia ago. Prior studies had found potential evidence of coal combustion in prehistoric sites, but it was entirely unclear when humans began to systematically use the mineral for fuel. The earliest reliable records of ancient systematic coal use pointed…

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FridayAug 04, 2023 11:54 am

High Prices of Imported Fertilizers Worsen African Food Crisis

The ongoing Russia-Ukraine war is causing fertilizer prices to surge even higher than they have in recent months and exacerbating the food crisis in Africa. Fertilizer prices have been on the rise in the past year as the war dragged on and fertilizer exports from Ukraine became increasingly scarce, resulting in extremely high profits through the end of 2022 and into 2023. Data shows that in some cases top fertilizer producers saw their profits triple from 2020 to 2022 based on soaring prices and sky-high demand from countries desperate for fertilizer imports. However, while these companies have earned millions more…

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ThursdayAug 03, 2023 2:16 pm

IEA Update Shows Global Coal Use to Remain Elevated

A recent International Energy Agency (IEA) market update has revealed that the agency expects global demand for coal to remain high for the rest of the year. Although Europe and the United States have taken steps to cut down coal use, increased use in Asia offset the decline in coal use in the West, indicating the need for more robust policies and investments in clean energy. Coal demand in the U.S. and the European Union fell by 24% and 16% respectively over the first six months of the year while demand in China and India, the largest coal consumers in…

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WednesdayAug 02, 2023 2:18 pm

Codelco Slashes 2023 Copper Output Predictions

Chile’s state copper miner Codelco has slashed its copper output predictions for the year amid expectations of more disruptions in production. The new forecast puts the miner’s annual production at 1.31 million  to 1.35 million metric tons of copper from the previous forecast of 1.35 million to 1.45 million metric tons. This announcement comes after months of declines and just as Codelco reported an 86% drop in pretax profit in the first half of 2023. Codeldo recently suffered a large rock explosion accident at El Teniente its largest mine, which has impacted productivity on the north side of the mine…

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TuesdayAug 01, 2023 10:28 am

Novel Recycling Process Could Redeem 99% Silver from Scrapped Solar Panels

University of New South Wales (UNSW) engineers have developed a more efficient recycling technique that allows them to redeem up to 99% of the silver in scrapped solar panels.  This new method could potentially alleviate an issue that is sure to become more significant over the years: we still cannot reliably recycle old solar panels. As the world transitions from dirty fuels such as coal and oil to renewable energy, we will have to build up our solar-recycling capacity to deal with the impending influx of scrapped solar panels. UNSW researchers specifically developed this new recycling process to optimize the…

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TuesdayAug 01, 2023 9:00 am

Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Advances DOD Project to Demonstrate Virtues of Novel Tech in Sustaining North American REE Production

Canada-based Ucore Rare Metals Inc. has developed a novel RapidSX(TM) technology for processing rare earth elements (“REEs”) considered critical to modern computer technologies and is preparing to scale up toaaa commercial operation Because REEs not only have significant importance to the retail sector, but also to the function of many technologies that further government policies and military capabilities, the U.S. Department of Defense has taken an interest in supporting domestic REE development Ucore recently received a $4 million award from the DOD to help demonstrate RapidSX(TM) capabilities under the REE supply chain development program The company held its initial meeting…

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