NewsRoom Articles - Page 141 of 161

FridayFeb 05, 2021 1:30 pm

Nevada Plans to Mine More Lithium as EV Sector Increases Demand

During his state of the state address, Nevada Governor Steve Sisolak included a section that addressed the new energy economy. He pledged to work on energy laws, explaining that the state had the opportunity to grow. The governor also spoke on lithium mining in the state. Lithium is a low-density metal used in rechargeable mobile phone batteries, laptops and electric vehicles (“EVs”) as well as in nonrechargeable batteries for pacemakers and clocks. In years past, speculators and companies have filed claims to mine lithium in the state, with many dubbing it “a rush.” Developing a lithium mine can be a…

FridayFeb 05, 2021 12:24 pm

Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Eager to Be Part of Biden’s Plan of ‘Bringing Home Critical Supply Chains’

U.S. miners — and mining industry — will help drive country’s post-pandemic recovery Biden sees the “importance of bringing home critical supply chains so that we aren’t dependent on other countries in future crises” UUUU committed to play key role in that plan on critical minerals The new Joe Biden White House agenda “rests on a foundation provided by the nation’s nearly 600,000 miners — miners and a mining industry ready to do their parts to help drive America’s post-pandemic recovery,” according to recent NWITimes article (https://ibn.fm/cSMsr). That agenda is welcomed by U.S. mining companies, including Energy Fuels (NYSE American:…

ThursdayFeb 04, 2021 12:30 pm

Legendary Mining Financier Forecasts Mining Industry Gains Resulting From Global Electrification

While delivering a keynote speech at the AME Remote Roundup, Robert Friedland, the co-chair and founder of Ivanhoe Mines, stated that the mineral mining and exploration sector would benefit greatly from worldwide electrification. He explained that at the moment, the natural resource industry was in an up-cycle, and it wouldn’t be until 2023 onward that the world would be fully centered on a $50 trillion to $100 trillion venture to electrify the global economy. Friedland stated that global electrification would have to start from the ground up, changing how electrical energy is not only stored but also how it’s distributed…

TuesdayFeb 02, 2021 3:15 pm

Solar Microgrids Could Help Decarbonize Mining Operations

Similar to other industries, mining is an energy-intensive industry. The only difference is that the processes involve a lot of crushing, digging and processing of minerals, which consumes a lot of power. Mines also operate 24 hours a day on every day of the week. Now that climate action is a priority under the Sustainable Development Goals (“SDGs"), many industries, including mining, are looking for solutions to decrease their emissions in a bid to incorporate more environmentally friendly approaches to mining, which will in turn help the planet. In addition to this, producers of minerals want to make their entire…

MondayFeb 01, 2021 3:15 pm

New Coronavirus Outbreak in China Dampens Copper Prices

The prices of copper decreased on Friday, with many concerned that the rising numbers of coronavirus cases in China following a fresh outbreak would impact demand. The new outbreak comes ahead of the traditional Lunar New Year holiday, which sees industrial activity in the country slow down. This comes after the copper smelting activity in the world increased in December 2020, led by China’s strong economy as well as its government’s stimulus efforts against the coronavirus pandemic. On the London Metal Exchange, three-month copper declined to $7,970 per ton, aluminum dropped to $1,985.50 per ton while nickel fell to $18,075/ton.…

FridayJan 29, 2021 2:00 pm

An Overview of Key Lithium Extraction Projects Across the Globe

In the latest industry report released by market analyst Fitch Solutions, one can see that lithium development in the EU and the UK’s positive project developments will do well for the EU’s mission to decrease its dependence on critical minerals from China as well as stabilize battery supply chains in the UK. Fitch highlights that securing strategic materials for the digital and green economy is the main theme for metals and mining this year — and not just in Europe. Just this month, a team of engineers from Penn State developed a fast-charging thermally modulated LFP battery. The lithium iron phosphate…

ThursdayJan 28, 2021 2:30 pm

Russian Company Launches First Metals ETCs

The biggest producer of high-grade nickel and palladium in the world, Norilsk Nickel, has introduced a series of exchange-traded commodities (“ETCs”) that provide investors access to metals that are physically backed. Norilsk Nickel has become the pioneer mining firm to introduce physically backed, exchange-traded products to the market. This comes after the company was forced to pay a $2.1 billion fine for an environmental disaster in 2020. Global Palladium fund will be managing the firm’s first four ETCs, which will be issued by Ridgex. These four products will provide investors with access to gold for a 0.145% management fee and…

WednesdayJan 27, 2021 3:00 pm

Report Provides Insights into the Market for Mining Pumps

A recent report released by Fact MR on the mining pumps market provides extensive coverage of key factors and market growth that are driving the sustained growth of the market landscape around the world. The report states that a significant increase in mining activities globally, pushed by proactive investments, may cause a constant rise in the demand for mining pumps. By the end 2018, the sales of mining pumps had probably exceed more than 3.5 million units. A senior analyst from the company explained that the expansion of existing mining projects and new mining projects had generated demand for new…

TuesdayJan 26, 2021 3:05 pm

Gains in Mining Sector Cause Australian Shares to Jump

Last week saw Australian shares rise overall by over 1%, with the largest gainer among them being Bingo Industries, a waste management firm, which received an acquisition offer. Financial and mining stocks also recorded gains, after recording sharp losses in the previous session. While the benchmark on Monday of last week had closed 0.8% lower, by 0208 GMT, the S&P/ASX 200 index had increased by 1.2% at 6742.60. After a private equity company made a $1.76 billion dollar bid for Bingo Industries, the firm rose 23.7%; the play equates to roughly A$2.29 billion. Apart from this, Rio Tinto Plc (NYSE:…

MondayJan 25, 2021 12:42 pm

GoldHaven Resources Corp. (CSE: GOH) (OTCQB: GHVNF) Grows Stronger, More Stable in Uncertain Year

Company acquired seven gold projects in the mineral-rich Andes Mountains of Northern Chile, with three ready for drilling Epithermal deposits signify additional nearby and/or deeper strains of porphyry deposits Canada, Chile have maintained strong, stable relationship for nearly 80 years The Canadian junior exploration company GoldHaven Resources (CSE: GOH) (OTCQB: GHVNF) has, in 2020, acquired low-risk, high-quality land in its search for new deposits of gold. As the company moves into 2021, new projects and phases of exploration are in the works. As a junior gold mining company, GoldHaven has its eye on the price of gold and the jurisdictions'…

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