June 2024 - MiningNewsWire

FridayJun 28, 2024 10:00 am

India’s 2023 Coal Consumption Eclipsed Combined European, North American Use

The consumption of energy globally in 2023 increased greatly, with crude oil and coal pushing fossil-fuel emissions to new heights. The consumption of coal in India stood at 21.93 exajoules, which equals about 748 million tons of coal equivalent (Mtce). This figure was significantly greater than the usage in Europe and North America combined. The latest data from the statistical review of global energy 2023 conducted by the Energy Institute shows that Europe consumed 286 Mtce while North America used 310 Mtce in 2023. China is by far the largest consumer of coal, making up 56% of total consumption worldwide;…

ThursdayJun 27, 2024 9:00 am

Anticipated Imbalance in Gold Supply & Demand, Portends Market Boon for Emperor Metals Inc. (CSE: AUOZ) (OTCQB: EMAUF) (FRA: 9NH) Exploration Project

The demand for gold continues to increase while new resource supply remains scarce, creating the potential for a supply chain imbalance in the future Emperor Metals is a Canada-headquartered explorer, working to develop a storied resource in southwest Quebec that contains an estimated mineral resource of 727,000 ounces of gold identified at a grade of 5.42 g/t Au The company’s flagship project exhibited new possibilities in 2023 when Emperor discovered the potential for a large-scale open pit above a high-grade underground gold deposit Emperor followed on last year’s landmark development with an 8,000-meter drill program into the deposit launched last…

WednesdayJun 26, 2024 10:00 am

Gold Stocks Look Set for Bullish Movement

For a month now, gold miners’ stocks have been falling, chipping away at traders’ enthusiasm. This is usual for the metal around this period before it surges even higher, which means traders have the opportunity to add undervalued gold stocks to their portfolios before the metal’s price increases. Up until mid-May, VanEck Gold Miners ETF performed strongly, increasing in price by more then 44% in under three months. Other stocks performed just as strongly, which increased overbuying. When the month ended, however, VanEck’s ETF fell from its 200-day moving average of 1.25x to 1.09x. This means that overbuying has reduced,…

MondayJun 24, 2024 10:30 am

Emperor Metals Inc. (CSE: AUOZ) (OTCQB: EMAUF) (FRA: 9NH) Set to Develop New Open Pit Potential at Flagship Gold Project

Emperor Metals is growing the historic mineral resource of 727,000 ounces of high-grade gold at 5.42 g/t Au and an impressive 5.71 m avg thickness Emperor used artificial intelligence and machine learning to create the first 3D & geological model last year, leading it to discover potential for extending an open pit mine above the high-grade underground lenses on which it had previously focused The company has approximately $4 million in working capital to advance its project toward an updated mineral resource later this year Mobilization on an 8,000-meter drill program, coupled with an 8,000-meter core sampling project in the…

MondayJun 24, 2024 10:00 am

Gold Price Registers Uptick as Softer American Data Raises Rate Cut Possibility

Recently released economic data from the United States indicates that consumer spending may be constrained at the moment. This comes after the U.S. Department of Commerce released a report showing that last month’s retail sales improved in comparison to data from April. The report has facilitated an increase in the price of gold and led many to speculate that the Fed may soon reduce interest rates, after it stated in the last meeting that the present monetary policy was appropriate. During this period, the U.S. dollar index dropped by .05% to 105.27. Additional data also showed improved industrial production last…

FridayJun 21, 2024 12:45 pm

Mining Journal Select 2024 In London, Presenting the Latest List of Exceptional Investment Opportunities

Mining companies, investors, and analysts, are invited to attend the Mining Journal Select 2024 Conference in London, July 1-2, 2024. At Mining Journal Select, the team creates a curated list of mining companies and entities with rated development projects. They identify 24 different metrics and create a weighted index across 13 key metrics to arrive at a list of top development projects across the globe. This is an Aspermont mining event series, conducted in partnership with Rule Investment Media. The event is excited to welcome resources investment legend, Rick Rule, President & CEO, Rule Investment Media as a partner. Aspermont,…

FridayJun 21, 2024 12:00 pm

Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) Releases Update on Major Holdings, Operations Amid Rising Demand for Gold and Copper

The company has released a fact sheet outlining progress on its high-grade copper and gold deposits in the state of Virginia and in Nunavut, Canada U.S Global Investors reports that gold and copper are “pivotal players” in the global financial market With rising demand as the backdrop, the progress that Aston Bay is reporting at its Canadian and U.S. projects is particularly promising With gold and copper trending upward, Aston Bay Holdings (TSX.V: BAY) (OTCQB: ATBHF), a publicly traded mineral exploration company, is strengthening its position in both sectors. The company recently released a fact sheet (https://ibn.fm/IKzqR), titled “Discovering High-Grade…

FridayJun 21, 2024 10:00 am

Record Prices Could Prevent US Copper Scrap Being Shipped to China

Copper concentrate is usually processed into refined metal for use in the construction and power industries. The People’s Republic of China is the largest buyer of raw materials such as scrap and concentrates, and is also home to about half of copper smelters globally. Since 2023, copper smelters in China have been grappling with concentrate shortages after First Quantum forfeited the right to operate its Cobre mine. In 2022, the output of this mine, valued at $10 billion, made up 1% of global mined copper supply. Reducing production at other mines, most of which are in Latin America, has only…

FridayJun 21, 2024 9:45 am

Historic Nickel Project Shows New Promise: Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) Discovers High-Grade Mineralization

The International Energy Agency forecasts nickel demand to nearly double by 2050 due EV deployment Fathom Nickel is developing two high-grade nickel projects in Canada’s prolific Trans Hudson Corridor, with recent results from Gochager Lake providing evidence of widespread mineralization Fathom has yet to find the source of the semi-massive to massive sulphide veins at Gochager Lake, a project that Quinton Hennigh of Crescat Capital has the potential to be an economical underground mine Geologists have a fascinating way of speaking. They use terms like “gabbro” and “interstitial disseminated magmatic pyrrhotite” to describe rocks, and their discussions can delve into…

FridayJun 21, 2024 9:00 am

Tartisan Nickel Corp. (CSE: TN) (OTCQB: TTSRF) Advances Expanded EV Metal Project in Ontario with Land Acquisition and Impact Studies

Ontario, Canada-based Tartisan Nickel Corp. is developing a number of mining exploration projects that will provide resources for the electric vehicle and hybrid automobile battery market Tartisan recently announced the acquisition of additional land to increase the size of its flagship project in Ontario’s Kenora Mining Division to 4,273 hectares (more than 10,500 acres) Tartisan owns two other exploration projects in Ontario and one in central Peru The company is dedicated to responsible social and environmental stewardship as nickel mining’s chain of custody comes under a growing degree of public and investor scrutiny In spite of the challenges that naturally…

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Month: June 2024