NewsRoom Articles - MiningNewsWire

FridaySep 22, 2023 12:43 pm

Group Looks into Mining Firms’ Role in Violence Linked to Gold Trade in Africa

A group of international human rights activists and researchers have partnered to carry out a joint investigation into the role that Western mining firms have played in proliferating the violence linked to the gold trade in Africa. Gold trade on the African continent, especially in West Africa, has been tainted with corruption, unscrupulous practices and violence for decades. The recently launched Blood Gold Report research program will analyze gold-related deals between authoritarian African governments, mining companies in the West, and Russian mercenaries such as the Wagner Group and how those deals may have contributed to violence in Africa. Researchers will…

FridaySep 22, 2023 9:00 am

Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Building Domestic REE Supply Chain Alternatives for China-dependent Market

Ucore Rare Metals Inc. is focused on establishing its proprietary solvent-based solution as a commercially advantageous and important alternative to standard rare earth (“REE”) processing U.S. Trade Representative Katherine Tai recently noted in a media interview that the REE supply chain is dependent on China for production and, to a greater degree, processing once ore has been removed from the ground Ucore’s development of its proprietary RapidSX(TM) REE processing solution promises an environmental impact advantage as well as advantages in cost and Western supply chain control Ucore also controls a rare earth mine prospect in Alaska that anticipates potentially developing…

ThursdaySep 21, 2023 10:23 am

The Permanent Jewelry Trend Is Gathering Steam

Americans are taking to permanent jewelry — a trend where jewelry is welded together rather than held by a clasp — at increasing rates. Permanent jewelry first gained traction on social media and soon attracted the attention of brands such as Italian firm Atelier VM as well as Catbird in New York City, which launched permanent jewelry such as welded bracelets into the mainstream. Although the concept of permanent jewelry has technically been around for centuries, the trend has gathered steam in the U.S. in recent years as everything from small hair salons and farmers' markets to major beauty brands…

WednesdaySep 20, 2023 1:08 pm

Saudi Arabia’s Foray into Critical Metals Bodes Well for Energy Transition

Following a slew of investments in mining facilities and companies, Saudi Arabia has ventured into the critical metals market. Investments in this market are crucial for advancing the development of world-class mining assets. The country’s latest deal is valued at $2.6 billion and involves the biggest mining company in Brazil, a move that may cement its place in this billion-dollar market. The deal is a joint venture between Ma’aden, the state mining company and the nation’s sovereign wealth fund. It will see Saudi Arabia purchase a 10% stake in the base metals’ division of Vale S.A., which has an estimated…

WednesdaySep 20, 2023 10:30 am

First Tellurium Corp. (CSE: FTEL) (OTCQB: FSTTF) Exploration at Deer Horn Provides Key Data for September Drill Program

CEO notes that prospecting, mapping and sampling have provided an extensive base of information to support drilling and IP survey Last month’s property-wide mapping and sampling program confirmed a structural connection between two key sections of the property This month’s drilling program will test the extent of the mineralization and study how the systems at Deer Horn and Pond are related First Tellurium (CSE: FTEL) (OTCQB: FSTTF) has wrapped up a property-wide mapping and sampling program at its Deer Horn property in west-central British Columbia and is preparing to launch a drill program later this month (https://ibn.fm/1qlq6). Based on data…

TuesdaySep 19, 2023 2:00 pm

Biden Seeks Mining Law Reform to Compel Extraction Firms to Pay Royalties for Gold, Copper

The Biden-Harris administration is seeking mining law reforms that would require mining companies to pay royalties for extracting minerals from U.S.-owned lands. Led by the U.S. Interior Department, the administration is calling for changes to a century-and-a-half-year-old mining law that governs the mining of gold, copper and other hardrock minerals. These changes include levying royalties on mining companies based on the minerals they extract, a first in the U.S. mining industry; creating a mine leasing system; and coordinating permit issuing efforts across a variety of federal agencies. These recommended changes come at a time when top U.S. leaders are emphasizing…

MondaySep 18, 2023 12:02 pm

Strong Dollar, High-Interest Rates Squeeze Precious Metals

Precious metal ETFs have struggled over the past week amid dips in platinum, silver and gold prices. Silver ETFs iShares Physical Silver ETC and the Wisdom Tree Physical Silver ETC went down by 5.940% and 5.945% respectively while gold prices dropped by 1.22%. Several months of high-interest rates coupled with a strong dollar have suppressed upward mobility in the precious metals market in recent weeks. Multiple interest rate hikes by the U.S. Federal Reserve have pulled investor interest away from gold for several months as investors chose to spend on assets that pay interest such as real estate, government bonds…

MondaySep 18, 2023 9:00 am

First Tellurium Corp. (CSE: FTEL) (OTCQB: FSTTF) Focused on Finding, Delivering Tellerium, the ‘Bright Future of Solar Energy’

USGS reports that tellurium’s primary use is for manufacturing films essential to photovoltaic solar cells Most tellurium is indirectly mined because it is a byproduct of milled copper, iron and other base-metal-rich ore bodies First Tellurium is exploring, developing tellurium projects, confident that demand for tellurium will increase Calling tellurium “the bright future of solar energy,” the U.S. Geological Survey (“USGS”) has prepared a report about the rare metal as part of its mission to conduct research and provide information about nonfuel mineral resources (https://ibn.fm/TdWoi). As a company committed to exploring and providing green and critical metals, First Tellurium (CSE:…

FridaySep 15, 2023 2:37 pm

Solar Projects Mushroom on Coal Sites as US Tax Bonuses Lure Investment

Credit schemes provided by the 2022 Inflation Reduction Act (IRA) are causing solar projects to pop up across America. While the United States plans to phase out coal use in favor of renewable energy over the next couple of decades, the transition to clean energy will have a major impact on employees within the coal mining and coal-fired power plant segment. U.S. jobs in the coal mining industry have been decreasing for some time and went down by 59% in the East and 38% in the West from 2008 to 2021, indicating a general decline in the profitability of coal.…

FridaySep 15, 2023 9:45 am

Eloro Resources Ltd. (TSX: ELO) (OTCQX: ELRRF) (FSE: P2QM) Announce New Mining Updates; Confirm Timeline for NI-43101 Compliant MRE Report Publication

Eloro Resources recently provided an update on the company’s ongoing exploratory drill work Recent findings revealed a number of holes with well-mineralized intersections, suggesting both – robust mineralization trends as well as an ever-widening prospective target area Global tin demand is set to grow by nearly a third over the next 8 years, however, the supply growth picture is looking increasingly tenuous Eloro Resources looks well positioned to capitalize from the ongoing growth in demand for the commodity, with the company having published its inaugural MRE report at the end of August Eloro Resources (TSX: ELO) (OTCQX: ELRRF) (FSE: P2QM),…

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

Contact us: (310) 299-1717