NewsRoom Articles - Page 150 of 165

WednesdayDec 09, 2020 12:30 pm

Copper’s Value Projected to Increase as Bull Run Begins

Last week, copper was trading at $7,616ton, its highest price since 2013. Interestingly, the metal’s price is increasing as various pharmaceutical firms announce the development of effective coronavirus vaccines. In fact, the value of copper grew by 12.24% last month, as hopes of the global economy opening to full capacity grow. The growth in value may also be attributed to improved manufacturing activity in China, Eurozone and the United States. Last month, factories in China reported huge improvements, the strongest in more than a decade. New orders surpassed 10-year highs with the PMI of Caixin China General Manufacturing posting at…

TuesdayDec 08, 2020 12:52 pm

GoldHaven Resources Corp. (CSE: GOH) (OTCQB: GHVNF) New CEO Represents Important Step in Company’s Evolution

Daniel Schieber has been appointed GOH CEO, will also serve as director Schieber brings essential skills, experience in capital financing, along with extensive capital markets network Schieber uniquely qualified for new role, significant responsibilities in mining sector GoldHaven Resources (CSE: GOH) (OTCQB: GHVNF), a Canadian junior mining company, has appointed Daniel Schieber as CEO; Schieber will also serve as a director for the company. The appointment took effective in November. Former CEO David Smith will continue in his role as GoldHaven president and will also be a director. “Mr. Schieber’s appointment as CEO is an important step in the evolution…

TuesdayDec 08, 2020 10:00 am

Defense Department Awards California Firm Grant For Rare Earth Element Extraction

The operator of the biggest rare element mines in the Western Hemisphere, MP Materials, was among three firms that received grants from the Department of Defense (DOD) on Nov. 17. These grants are centered on restoring the production of rare earth elements in the United States. The company uplisted on the New York Stock Exchange the day after receiving the grant. The Defense Production Act Title III grant, worth $9.6 million, was awarded by the Pentagon to the firm so it could start refining critical minerals at its California Mountain Pass mine. In an interview, MP Materials CEO James Litinsky…

MondayDec 07, 2020 1:41 pm

Josemaria Resources Inc. (TSX: JOSE) (OTCQB: JOSMF) Set to Benefit as Industrial Demand for Copper Surges in Wake of Renewable Energy Demands

Josemaria Resource’s flagship copper-gold-silver mine is expected to generate an average annual production of 136,000 tonnes of copper, 231,000 ounces of gold and 1,164,000 ounces of silver over its 19-year life Copper is known for its varied industrial uses, particularly within renewable power generation sector A single wind turbine is said to utilize up to 4.7 tonnes of copper, while each MW of solar power energy employs over 5.5 tonnes of copper during installation Research suggests that global copper production will have to rise by 3-6% per annum over next ten years for countries to meet their targets under remits…

MondayDec 07, 2020 10:30 am

Utah Ranked as One of Top Mining States in Country

The multibillion-dollar natural resources industry in Utah is thriving, with copper being the most valuable metal extracted in the industry. The Utah Geological Survey (UGS) recently released a report on the state’s mining activities in the last year. Last year’s figures indicate a growth of 2.4%, which equates to more than $90 million. The most valuable metal mineral of the state is copper while the total value with regard to extractive resources, inclusive of gas and oil, is approximated at $6.5 billion. Mining takes up a huge chunk of this value — 60% of it — bringing the value of…

FridayDec 04, 2020 12:15 pm

Gold Production in Australia Drops

Despite the global coronavirus pandemic and its effects, the Australian mining sector has pushed on. In this year’s second quarter, April through June, miners in Australia yielded 95 tons of gold. This was a 10% growth from the first quarter output of 77 tons. However, in the third quarter of the year, the output of gold decreased to 81 tons, a four-ton decline from the quarter. The decline was mainly a result of lower output in some of the biggest gold mines in the country. Mining consultant firm Surbiton Associates, which specializes in gold, believes that despite this decline in…

ThursdayDec 03, 2020 10:30 am

EU Launches Initiative to Improve Raw Minerals’ Access

The European Union has set in motion a scheme whose aim is to help secure access to 30 fundamental raw materials. This will be done by promoting the recycling of critical elements, especially rare earth elements (REEs), and by growing domestic production. The collaboration of 300 governments, business associations and firms will help the European Raw Materials Alliance Center (ERMA) reduce Europe’s import dependence from resource-rich nations, particularly China. China is the main exporter for the EU’s rare earth elements, making up 98% of the union’s imports. Other countries that provide imports include Brazil, which provides the European Union with…

ThursdayDec 03, 2020 10:00 am

GoldHaven Resources Corp. (CSE: GOH) (OTCQB: ATUMF) Offers Strengths Investors Look For During Uncertain Times

“Gold Investing News” cites project quality, management experience as key factors contributing to succes Project quality is jurisdiction–related with transparent permitting, well-developed infrastructure being critical GOH operates assets in Chile and Canada, led by experienced management team An article published by “Gold Investing News” cites quality projects and strong management teams as major factors determining the success of junior exploration companies as they navigate economic downturns (https://ibn.fm/Attdv). GoldHaven Resources Corp. (CSE: GOH) (OTCQB: ATUMF), a Canadian junior mining company, is well equipped with strength in both areas and is poised to capitalize on those strengths as investors seek de-risking in…

ThursdayDec 03, 2020 9:30 am

Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Produces Rare Earth Carbonate Concentrate, a Milestone Moment for US

Energy Fuels has produced rare earth element (“REE”) concentrate on a pilot scale at wholly owned White Mesa Mill. The high-purity concentrate is ready to send to separation plant for final acceptance test work. Company used existing infrastructure and technologies, thereby avoiding years of permitting and development, as well as need for significant capital. Energy Fuels (NYSE American: UUUU) (TSX: EFR) has produced a rare earth element (“REE”) carbonate concentrate on a pilot scale at its wholly owned White Mesa Mill, located in Utah (https://ibn.fm/WImVU). This may be the first REE concentrate produced from monazite sands at any significant quantity…

WednesdayDec 02, 2020 10:00 am

Collaboration May Help Mining Firms Reap Benefits of Digitization

The mining industry as a whole has made great strides with regard to digitizing various mining site operations and processes. This offers mining firms many benefits, including the reduction of operation costs of the mine. These measures also optimize a mine’s major assets, allowing the goals and objectives of a mine to be predicted and monitored easily. This progress also allows mines to keep track of their operating assets, ensuring that they remain undamaged. Digitization also allows mine operators to redistribute the water used in one process. This helps minimize effluent discharge volumes as well as the mine’s water intake.…

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