NewsRoom Articles - Page 116 of 201

MondayMar 13, 2023 12:51 pm

Retired Franco-Nevada Chairman Sees Gold Reaching $2,400 by 2028

Chairman emeritus of Franco-Nevada and CEO of Fireside Investments Pierre Lassonde believes that gold will trade at as high as $2,400 per ounce by the year 2028. The precious metal will see its value soar as nations such as Russia get rid of the U.S. dollars they hold after the greenback was weaponized following the Kremlin’s invasion of Ukraine, Lassonde said. The former chairman of gold-focused royalty and streaming company Franco-Nevada Corporation suggested that we could see the emergence of a dual currency system by 2028. Speaking with Kitco News lead anchor and editor-in-chief Michelle Makori at the BMO Metals,…

MondayMar 13, 2023 9:00 am

McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) subsidiary McEwen Copper adds $30 Million Boost from Nuton LLC to recent Stellantis investment of $155 Million, Plans for subsidiary IPO

McEwen Mining subsidiary McEwen Copper has been gaining increased financial support as it develops a major copper mine opportunity in Argentina described as one of the 10 largest undeveloped deposits in the world Mining giant Rio Tinto’s venture Nuton LLC has boosted last year’s $25 million investment into McEwen Copper with a new $30 million addition, all on top of the recent Stellantis investment of approximately $155 million The project in Argentina’s San Juan province benefits from a mining-friendly government and population The demand for copper is expected to continue to grow as a result of its importance to green…

FridayMar 10, 2023 11:39 am

UN Agency Seeks to Curb Mercury Use in Gold Mining

Artisanal gold mining refers to small-scale mining operations that often use basic tools and methods to extract and process metals and minerals. These operations often rely on toxic methods and tools to mine gems and metals, with the miners themselves working in hazardous conditions with little regulation regarding health and environmental pollution standards. According to planetGold program manager Ludovic Bernaudat, more than 100 million people earn their living from artisanal gold mining. Artisanal gold mines produce up to 20% of all the gold in the world and are responsible for more than 35% of the globe’s mercury pollution. A 2018…

ThursdayMar 09, 2023 1:14 pm

Expert Says Buying, Closing Coal Mines More Cost-Efficient Than Experimental Carbon Capture Technologies

There has been an increased investment in sustainable energy sources such as solar and wind, as well as research into carbon capture technologies (CCP) in recent years. Carbon capture involves “capturing” carbon dioxide emissions from processes such as steel production and burning fossil fuels for energy, and then storing the CO2 in geological formations deep underground. Over the past decade, the fossil fuel sector has spent millions of dollars lobbying federal lawmakers to provide billions of dollars for investment into carbon capture and sequestration (CSS) technologies in the 2021 Infrastructure and Jobs Act (IJA) and the 2022 Inflation Reduction Act…

WednesdayMar 08, 2023 1:26 pm

Report Reveals Central Banks Are Still Stockpiling Gold

The global economy has stagnated in recent years amid severe supply chain disruptions and geopolitical factors that exacerbated an already-existing energy shortage and caused energy prices to soar. Gold, which has traditionally acted as an inflation hedge by allowing people to preserve the value of their wealth, saw its performance stagnate in 2022 contrary to what investors would have expected. Increasing inflation levels forced the U.S. Federal Reserve to increase benchmark interest rates for several consecutive months and encouraged investors to pull their funds from the gold market. Instead, investors put their money in assets that would allow them to…

WednesdayMar 08, 2023 9:45 am

121 Mining Investment Event in Las Vegas To Foster Industry Connections

Investors and mining companies are invited to attend the 121 Mining Investment event in Las Vegas on March 28-29, 2023. The event is designed to connect the investors and mining companies over pre-scheduled 1-on-1 meetings and help them build networking ties and strong business connections. After successfully launching the concept in Las Vegas last year, 121 Mining Investment are returning to host over 200 investors and 70 mining companies over a two-day event. Investors looking for new growth stage companies and investment ideas, and mining companies searching for investors, can come together to leverage the scope of this unique event…

TuesdayMar 07, 2023 1:35 pm

UK Government to Avail $18M Funding for Rare Earths Recycling Research

The United Kingdom government has announced a major investment in technologies and techniques for recycling rare earth elements. Rare earth metals or elements are a group of 17 minerals that play a crucial role in the production of consumer electronics, computing equipment, medical imaging, defense systems and more. As more countries move toward clean, renewable energy in a bid to combat climate change, rare metals will be critical in the development of electric vehicles (EVs) and clean-energy technologies. Essential rare metals include cerium, neodymium, scandium and yttrium. Demand for these metals is poised to surge in the coming years as…

TuesdayMar 07, 2023 9:45 am

Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Develops North American Rare Earth Element Technology Amidst Tensions with China

Rising tension between the US and China requires the country to create new avenues of sourcing and processing REE for use in high-demand industries – increasingly pointing to a North American supply chain for REE facilitated by Ucore Ucore’s Unmatched RapidSX(TM) technology combines conventional solvent extraction (“SX”) with a new column-based platform to significantly reduce time-to-completion as well as plant footprint, along with operating costs The global REE market is currently around $10 billion - $15 billion per year, with REE being the most efficient form of material for EV motors, enabling $10 trillion to $15 trillion industry-wide for EV…

MondayMar 06, 2023 1:53 pm

Indonesia Charts Own Path to Dominate Nickel Supply

Indonesia has been a major player in the global mining industry for quite a while. Since 2006, mining has contributed to an increasingly larger share of Indonesia’s GDP, thanks to significant exports of copper, coal, nickel, gold, bauxite and tin. Indonesia accounted for close to 20% of global nickel exports before its government imposed a ban on the sale of unprocessed nickel ore. In 2021, however, the country was responsible for 37% of the world’s total production of nickel and earned $20.9 billion from the export of nickel-based products. The ban on nickel ore exports was preceded by strong nationalistic…

MondayMar 06, 2023 9:00 am

McEwen Mining Inc.’s (NYSE: MUX) (TSX: MUX) Commitment to Electrifying Transport Receives Boost Following Subsidiary’s Closure of ARS $30 Billion Investment by Automotive Multinational Stellantis

McEwen Mining is an asset-rich diversified gold and silver producer in North and South America and has a large exposure to copper through its subsidiary, McEwen Copper McEwen Copper recently closed an investment by FCA Argentina S.A., a subsidiary of multinational automotive juggernaut Stellantis Valued at about USD 152.149 million, at the current official exchange rate of 0.0051 ARS/USD, the investment will help McEwen Copper advance the development of its 100% owned Los Azules copper project in Argentina McEwen Copper hopes to electrify and decarbonize mobility by quenching the growing demand for copper within the electric vehicle industry; thus, earning…

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