NewsRoom Articles - Page 147 of 158

WednesdayOct 21, 2020 2:00 pm

Union Wins Against Nevada Gold Mines in Unlawful Conduct Dispute

The world’s largest gold mining complex; the Nevada Gold Mines, was formed in 2019 as a joint venture between Barrick and Newmont. The mining entities stated that they expected the business combination to generate $500 million in savings every year within the first 5 years. Newmont is the world’s biggest gold miner and owns 38.5% of NGM and Barrick Gold Corporation (NYSE: GOLD) (TSX: ABX), who is the world’s 2nd largest gold miner, owns the remaining 61.5% and operates the business. In the first 12 months of its operation, NGM showed a strong performance despite a dispute with its union.…

TuesdayOct 20, 2020 2:00 pm

Importance of Environmental Management in Mining

By now, we all know that mining impacts the environment. Sadly, this is more negatively than positively. In an effort to reduce this and make mining more sustainable, ecosystems and natural systems such as plants, soils, animals, air and water have to be responsibly managed. To do this, the Intergovernmental Forum on Mining has come up with a list of key issues that various governments should look into and effectively manage in order to reach the sustainability goals. These issues are: Biodiversity and the ecosystem Water management Emergency preparedness Mine waste management Biodiversity and the ecosystem In order to reduce…

MondayOct 19, 2020 2:00 pm

4 Common Mistakes to Avoid When Choosing Mining Stocks

If you are planning to buy some mining industry stocks, it is wise to do your due diligence so that you don’t fall for clever marketing hype geared at luring unsuspecting investors into pouring money into a risky company. Here are some specific issues to investigate with respect to a company’s mineral exploration activities. Geological Potential A mining company needs to base its exploration activities on sound science rather than on speculation. It is therefore vital for you to confirm that the company you wish to invest in invests in exploration and can provide proof of geological indicators for the…

FridayOct 16, 2020 2:00 pm

Australian Mining Giant to Develop New Aluminum Alloys

Australian Mines, one of the leading mining companies in Australia, has partnered with the Institute for Frontier Materials at the University of Deakin to develop next-generation alloys of aluminum. The development process is expected to last nine months, starting from October 12 this year. The two entities plan to use scandium extracted from the Sconi project in Queensland while developing the new alloys. The intention is to produce novel alloys which contain high-purity scandium oxide. The alloys created will be useful in the electric vehicle industry as well as in industrial processes in the green energy sector. The development team…

ThursdayOct 15, 2020 1:00 pm

eLearning Gains Ground in Mining as COVID-19 Bites

As society begins to accept that the current COVID-19 pandemic is going to be around for quite a while, mining companies have started paying more attention to e-learning for their managers and employees on matters of occupational safety and other pertinent issues. Several factors account for this increasing attention to online training. Convenient The ongoing pandemic has disrupted work shifts and even kept a number of mining sector workers at home, so it is difficult to organize face to face training sessions without violating social distancing protocols. With e-learning, mining company employees can study anywhere, at any time and using…

WednesdayOct 14, 2020 2:00 pm

4 Challenges Facing the Gold Mining Sector

The S&P Global Market Intelligence recently released a review of the gold mining industry and the outlook doesn’t look too good for the industry segment. Here are the highlights of some of the challenges that the industry is currently facing. Expanding Supply Will Depress Prices It is predicted that the supply of gold is likely to grow rapidly. For example, Fitch Solutions forecasts that the global supply of gold will reach 3,770 tons. This is an increase of more than 25% of the current supply, and that increase is expected by 2029. Gold prices recently peaked at $2,000 an ounce,…

TuesdayOct 13, 2020 1:00 pm

How Autonomous Mining Can Become a Reality

The World Economic Forum estimates that robotics and automation can avert about 10,000 injuries within the metals and mining industries in just a decade, and that autonomous hauling could improve productivity by at least 15-30%. These figures are realistic and they highlight why autonomous mining should be pursued with urgency. Here are some of the things that need to happen for autonomous mining to become a widespread reality. Establish the Foundation For fully autonomous mining to exist, a core IT architecture needs to be set up so that every piece of mining equipment can communicate seamlessly with the different systems…

MondayOct 12, 2020 1:00 pm

Space Technology Could Ease Terrestrial Mining

Asteroid mining, together with several associated ventures, are making huge technological strides to the extent that they could become a reality any time soon. In fact, NASA recently published a notice inviting private companies to extract minerals from the moon and sell them to the federal agency. It is said that asteroids contain huge deposits of platinum, gold, iron ore and a host of other minerals. The magnitude of these resources is driving companies to look for practical ways to transport those resources back to earth once they are mined. Planetary Resources and SpaceX have even indicated that they have…

FridayOct 09, 2020 2:30 pm

How the Mining Industry is Looking to Harness Blockchain Technology

If you thought that blockchain, the digital encryption technology powering bitcoin, was only restricted to digital currencies, think again. The technology is making inroads into several industries, and the mining sector is considering applying this tech in several ways as shown below. Protecting Sensitive Information The painful truth is that no entity or company is entirely immune to cyber-attacks, and this reality has led the mining industry to think of ways to protect sensitive information, such as intellectual property and insider information from unauthorized access. Whether each mining company will develop its own blockchain technology or a collective system will…

ThursdayOct 08, 2020 12:04 pm

GoldHaven Resources Corp. (CSE: GOH) (OTCQB: ATUMF) Positioned to Benefit from Gold’s Steady Rise

Citi experts predict gold could reach $2,100 an ounce this quarter, $2,300 in the next 6 to 12 months Precious metal’s consistent performance has resulted in investors looking to reduce risks, maintain purchasing power by buying more gold GOH recently entered into agreements to acquire seven advanced gold projects in the Maricunga Gold Belt of Chile In a detailed explanation of why gold will likely continue its upward trend for at least the foreseeable future, Citi economists conclude that “you would expect gold to perform extremely well” (https://ibn.fm/ZY4Q2). That upward trajectory stands to benefit a wide variety of companies operating in…

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