NewsRoom Articles - Page 145 of 208

FridayJun 10, 2022 12:10 pm

National Lab Director Believes Energy Can Be Harnessed from Nuclear Waste to Power Reactors

Idaho National Laboratory’s associate lab director Jess C. Gehin believes that there exists enough energy in nuclear waste in America to power the whole nation for a century. This, he says, could help solve the issue of how to dispose of nuclear waste. A fast nuclear reactor, which is the technology required to convert nuclear waste into energy, was developed decades ago. However, for economic and political reasons, this technology was never developed at a commercial scale. Now, however, as the urgency to address climate change through the decarbonization of energy grids increases, interest in fast nuclear reactors has surged.…

ThursdayJun 09, 2022 3:30 pm

Study Finds That Eliminating Use of Coal Would Yield Social Benefits

New research has found that phasing out the use of coal through the use of renewable energy would be good for the society. The study, which was carried out by researchers at the Imperial College School of Business, stated that the transition to green energy from coal would result in about $77.9 trillion in benefits for the society. These benefits include decreased harm to people’s health and individuals dealing with less fallout from climate change. The investigators calculated the social benefit from phasing out coal and the cost of replacing coal with green energies to determine an approximation of the…

WednesdayJun 08, 2022 1:24 pm

Jewelers Finding It Hard to Source for Gold During War Time

Following Russia’s invasion of Ukraine earlier in the year, it has become increasingly difficult to obtain raw materials such as diamonds and gold for makers of luxury watches and jewelry. Data from the World Gold Council show that Russia is the largest producer of natural diamonds globally, as well as the second-biggest miner of gold in the world. Earlier in March, the Cartier maker stated that it had not been purchasing diamonds mined in Russia, reaffirming in its recently released sustainability report that it wasn’t purchasing recycled gold from the Eastern European country either. Recycled gold is under investigation currently…

TuesdayJun 07, 2022 12:08 pm

Goldman Sachs Predicts Extreme Copper Supply Crunch

Nick Snowdon, a metals strategist at Goldman Sachs, recently stated that predictions on copper supply issues in the long term were potentially right and would probably cause the metal’s price to reach $15,000 per ton. The demand for copper is expected to rise significantly over the next 10 years as demand for electric cars, electricity infrastructure and renewable energy increases alongside international targets for reductions in carbon emissions. The new supply cannot meet the increasing demand, however, with the significantly low supplies of the red metal held in exchange warehouses only worsening the issue. Snowdon added that while the 2000’s…

MondayJun 06, 2022 2:39 pm

How You Can Profit from Gold Extractors M&A Deals

Over the last 10 years, the price of gold has returned more than 15% annually in terms of the U.S. dollar. However, shares in companies that produce the precious metal have found it hard to keep pace with the value of the commodity. Newmont Corporation (NYSE: NEM) (TSX: NGT) and Barrick Gold, two of the biggest miners of gold globally, have returned about 4.6% and -5.1% per year respectively over the last decade. These figures are inclusive of dividends. An equally weighted basket of stocks from both firms would have returned -0.2% per year. Over the last few decades, the…

FridayJun 03, 2022 11:47 am

Commodities Rally as Coronavirus Cases Drop in China

The Chinese government recently started loosening restrictions imposed when coronavirus infections were high. The relaxing of these restrictions, which had been choking the country’s economy, allowed industrial commodities to rise. The virus is now considered to be under control in Beijing, with officials in Shanghai outlining their plan to revive the municipality after a two-month lockdown in the hopes that the virus will soon be under control in the region as well. The revival measures include making the purchase of cars cheaper, accelerating approvals for properties, and allowing the restart of manufacturing and all other metal-intensive areas, which were significantly…

ThursdayJun 02, 2022 2:57 pm

DOE Asks Congress to Fund Domestic Uranium Enrichment

Jennifer Granholm, the U.S. Secretary of Energy, is seeking funding from Congress that will be used to establish a domestic source of enriched uranium. In the letter, requesting the funds, the Department of Energy stated that America’s reliance on imports from Russia created a vulnerability to the country’s economic and national security. This letter comes as Western nations continue imposing sanctions on Rosatom Corp. in response to Russia’s invasion of Ukraine. Rosatom Corp. is the Russian state’s atomic energy company and the biggest supplier of nuclear reactors and nuclear fuel globally. Russia is also one of the largest suppliers of…

WednesdayJun 01, 2022 3:07 pm

Germany to Reopen Coal-Fired Plants if Russia Cuts Off Natural-Gas Shipments

Europe purchases two different kinds of coal from Russia: metallurgical coal, which is used in the manufacture of steel, and thermal coal, which is used in power plants to generate power. Robert Habeck, Germany’s economic minister, revealed recently that the country was planning to bring back oil- and coal-fired power plants if Russia cut off shipments of natural gas to Europe. The minister will be presenting a proposed law this week that will allow the country’s government to bring back these facilities to be used in the event of a gas shortage. Germany has 1.5GW of oil facilities and 4.2GW…

WednesdayJun 01, 2022 2:30 pm

How The Bitcoin Mining Community Comes Together

Bitcoin miners are an important yet often overlooked section of the cryptocurrency community. While people like Michael Saylor or Jack Dorsey grab the headlines, Bitcoin miners are in the background, securing a network that processes billions of dollars in value annually. As mining plays a key role in Bitcoin, it is important to have an avenue for professionals to interact and discuss industry-related issues. Not only does this foster a sense of community, but it promotes cross-pollination of ideas and innovation in the Bitcoin mining industry. However, Bitcoin miners have often lacked the opportunity to interact with colleagues and industry…

TuesdayMay 31, 2022 3:23 pm

Qatar Minister Says the West Is Paying for Ostracizing Oil Companies

In a recent interview, the Minister of Energy in Qatar, Saad Sherida Al-Kaabi, stated that a decline in investments in the production of gas in a bid to reduce carbon emissions had contributed to the United Kingdom’s current fuel crisis. In the interview, Sherida Al-Kaabi stated that Qatar was willing to help England with its crisis as he condemned nations in the West that had demonized gas and oil companies. The minister explained that the main cause of the current price increase for energy as well as gas prices in various parts of the world, including Europe, could be traced…

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

Contact us: (512) 354-7000