NewsRoom Articles - Page 145 of 220

ThursdayNov 17, 2022 1:41 pm

US Plan to Phase Out Coal Receives Mixed Reception at COP27

Like most developed countries, the United States is keen on cutting its carbon emissions by phasing out dirty fuels such as coal and gasoline over the next few decades. Climate change is becoming increasingly apparent, with global warming causing extreme weather events around the world as well as droughts that are expected to cause a major food crisis. However, transitioning from fuels such as coal won’t be cheap; developed countries have spent decades building systems that rely on fossil fuels, and it will take significant investment to develop infrastructure for renewable energy. The U.S. has proposed a controversial plan to…

WednesdayNov 16, 2022 3:26 pm

A Silver Shortage Is Looming as Decarbonization Gathers Steam

A significant chunk of the planet is keen on reducing its carbon footprint by investing in greener, more sustainable energy sources. This move is expected to put significant pressure on metals such as copper, which will undoubtedly be used to build infrastructure for renewable energy, including wind turbines and photovoltaic cells for solar panels. Copper already plays a major role in several industries across the globe, with sectors such as power generation, electronic product manufacturing and building construction cumulatively using more than 20 million tons of copper per year. Another metal that is expected to be in short supply amid…

TuesdayNov 15, 2022 2:49 pm

The Energy Crisis Pushes Poland to Delay Closing Coal Plants

The role fossil fuels such as coal and oil played in human industrialization cannot be understated. These fuels allowed us to finally break free of our energy limitations and develop into a modernized society. However, several countries across the Americas, Asia and Europe have begun efforts to scale down fossil-fuel energy in exchange for more sustainable alternatives. Fossil fuels such as oil and coal may have played a major role in human advancement, but they are also responsible for the existential threat of climate change. Efforts to replace these fuels with alternatives such as solar and wind energy were well…

TuesdayNov 15, 2022 9:45 am

Arizona Metals Corp. (TSX: AMC) (OTCQX: AZMCF) Is ‘One to Watch’

Arizona Metals owns 100% of two copper and gold exploration projects in mining-friendly Arizona Both projects have excellent infrastructure, including roads, available power and water access Only 3% of the prospectively mineralized trend that hosts the high-grade Kay Mine Deposit has been drilled The company had $60 million in cash as of June 30, 2022, to complete Phase 2 and begin Phase 3 drilling at the Kay Mine Arizona Metals (TSX: AMC) (OTCQX: AZMCF) is a mineral exploration company engaged in advancing precious and base metal deposits in the state of Arizona. Its flagship copper-gold-zinc-silver asset is the Kay Mine…

MondayNov 14, 2022 10:49 am

Why Gold Is Unexpectedly Faltering During Inflationary Times

With the cost of living increasing drastically and inflation at an all-time high, assets such as gold that have traditionally acted as stores of value should be in hot demand. Conventional wisdom says that markets should turn to gold at times like this as a hedge against inflation. However, gold has acted contrary to expectations in recent months, faltering amid inflation, an increasingly hawkish stance from the Fed and a surging dollar. Gold prices went down by more than 1.5% in September, trading at as little as $1,643 per ounce and reaching a two-year low. OANDA senior analyst Edward Moya…

MondayNov 14, 2022 9:00 am

Company Profile: Eloro Resources Ltd. (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM)

Eloro Resources Ltd. Owns a 98% interest in Minera Tupiza with an option to acquire 99% interest in a neighboring highly sought after, royalty-free property in southern Bolivia Eloro has an option to acquire a 99% interest in the 9 square km, highly prospective Iska Iska Property, which hosts a major silver-tin polymetallic porphyry-epithermal complex located 4,000m above sea level Eloro Resources Ltd. (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM), a publicly traded exploration and mine development company, established in 1985 with a portfolio of gold and base-metal properties in Bolivia, Peru and Quebec. Polymetallic Project in Bolivia Bolivia’s modern mining…

FridayNov 11, 2022 1:37 pm

Copper Executives Concerned About Shortages as Shift to Green Energy Continues

A significant portion of the world is working to transition away from fossil fuels to greener, more sustainable options. Fossil fuels such as coal may have fueled the industrialization age, but their effect on climate change and global warming cannot be understated. Scientists posit that global warming could lead to a higher risk of disease, increased extinction rates, and untold humanitarian and geopolitical consequences. Several countries across the globe are now in a mad dash to ditch dirty fuels such as oil and coal for sustainable options such as solar and wind energy. However, a major player in the global…

ThursdayNov 10, 2022 10:35 am

Emerging Markets’ Central Banks Have Increased Gold Purchases

For the longest time, investors, corporations and countries have used gold as a store of value during times of economic upheaval. While other assets and traditional currencies such as the dollar are known to depreciate when the economy stagnates, gold mostly retains its value even as economic conditions deteriorate. Storing assets and cash as gold bullion has historically allowed investors to weather economic downturns without losing the value of their investments and assets. With global economic conditions stagnating in recent years and experts predicting that there will likely be a recession in late 2023 or early 2024, it seems that…

WednesdayNov 09, 2022 12:54 pm

Gold Slides Further as Fed Raises Interest Rate Yet Again

Gold has not been performing great for the past couple of months. Although the precious metal has traditionally acted as a store of value during times of economic upheaval, current circumstances have posed a challenge to this status. With geopolitical factors have had a negative effect on the worldwide economy, several central banks around the world have been quite hawkish in an effort to prevent inflation. The U.S. Federal Reserve has been especially hawkish in recent months as economic conditions have deteriorated, increasing benchmark interest rates for more than three months consecutively to forestall economic inflation. However, these efforts have…

TuesdayNov 08, 2022 1:34 pm

Indonesia Considers Three-Step Plan to Close Coal Plants

Indonesia recently introduced three options to shut down its coal-fired power plants in an effort to meet its net-zero emissions target. The lengthy lifespan of Indonesia’s coal plants, which generate most of the country’s power, are the main obstacle to meeting the nation’s emissions goal. To address this issue, the country has established a financing platform for its renewable energy projects, which includes the program to halt the operations of its coal-fired power plants. Indonesia has also appointed PT Sarana Multi Infrastruktur, a state-owned financing company, to manage the funds. Despite the lengthy process, experts are optimistic that stakeholders will…

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