NewsRoom Articles - Page 154 of 182

MondayApr 26, 2021 11:39 am

Copper Prices Rise Due to Increased Chinese Imports

Last week, customs released data indicating that the imports of copper into China in the month of March increased by 25%. The General Administration of Customs revealed that the March arrivals of unwrought copper and products added up to 552,317 tons — an increase of about 111,000 tons compared with last year’s March imports. Last month, the manufacturing sector of China grew at a faster pace than anticipated, which saw activity in the construction sector grow as well, amid warmer temperatures. According to data obtained from Reuters, China’s copper imports for first-quarter 2021 added up to an estimated 1,440,000 tons,…

ThursdayApr 22, 2021 2:53 pm

ESG Standards Adherence Gives Metals Producer Edge in Attracting Investors

During the first quarter of this year, the stock of Press Metal Aluminium Holdings Bhd rose 18%, which made it the top performer on the benchmark stock index in Malaysia. The company’s focus on ESG standards has made it popular among investors. Press Metal’s plants are powered using hydropower, an approach that has improved greatly amid higher metal prices. The company hopes that its products, which are manufactured with a smaller carbon footprint, will be high in demand. This is happening at a time when the Top Glove Corporation, which is the largest rubber glove manufacturer in the world, is…

ThursdayApr 22, 2021 1:48 pm

Asia Broadband Inc. (AABB) Takes The Los Reyes Gold Mine Property Purchase Deal Further; Expands Management Team

Asia Broadband takes the Los Reyes gold mine property purchase deal further with mapping and rock sampling assay results Asia Broadband announces the appointment of new management personnel AABB will be launching a new website with information highlighting all its development and operational goals with the managerial aspects of the company Asia Broadband (OTC: AABB) has received mapping and rock sample assay results during the ongoing due diligence process for acquiring a significant gold mine property and on-site processing unit in the productive mining region of Mascota in Jalisco, Mexico. The company had signed the Letter of Intent sometime back…

ThursdayApr 22, 2021 1:14 pm

Excellon Resources Inc. (TSX: EXN) (NYSE American: EXN) (FSE: E4X2) Continues to Find Additional High-Grade Silver at its Platosa Mine in Mexico

In production since 2005, Platosa is Mexico’s highest-grade silver mine Recent drilling by Excellon highlighted by an intersect of 1,422 g/t silver equivalent over 8.9 meters, as well as multiple other assay results of 1,000+ g/t silver equivalent Drilling underway to define and discover new mineralization in the Gap Zone, an area of vertical mineralization inadequately tested by drilling from surface to date Excellon Resources (TSX: EXN) (NYSE American: EXN) (FSE: E4X2), a silver and base metals producer with precious metal projects in Mexico, Idaho and Germany, has announced compelling high-grade results from underground expansion and exploration drilling at the…

WednesdayApr 21, 2021 2:44 pm

Chile Mining Minister Calls Proposed Mining Royalty Legislation Unconstitutional

Chile mining minister Juan Carlos Jobet stated on Monday that a proposal to increase royalties on lithium and copper miners currently being discussed by legislators was unconstitutional and noted that the administration of President Sebastian Piñera would be against it. The proposed bill, which had been introduced in 2018, would impose a 3% mining royalty on firms mining and exploring for lithium and copper in Chile. The country is known to have the biggest reserves of lithium and is also the top producer of copper globally. During the annual CRU World Copper Conference and CESCO Week, Jobet stated that the…

WednesdayApr 21, 2021 10:18 am

Perpetual Industries Inc. (PRPI) Completes Key Acquisitions in Plan to Create Unique Offering in Growing Collector Car Space

PRPI’s blockchain expertise serves as perfect bridge between two new acquisitions Worldwide Auctioneers, AutoGrafic Software System both bring unique technology, experience and talent to the table Perpetual announced plans to create a new division Two recent acquisitions by Perpetual Industries (OTC: PRPI), a company whose mission is to perpetuate industry by bringing value-added technologies to market, are strategically aligned to create a unique offering in the world of collector cars. PRPI’s blockchain expertise serves as the perfect bridge between the two newly acquired companies, allowing them to come together in a synergistic offering designed to provide auto collectors, enthusiasts, restorers…

TuesdayApr 20, 2021 12:25 pm

Excellon Resources (TSX: EXN) (NYSE American: EXN) (FSE: E4X2) Doubles Ground Position at Silver City Project

Excellon Resources Inc. expands its Silver City Project in Germany, doubles ground position to 34,150 hectares Germany and the EU have seen mining revival in attempt to enhance mineral supply security Excellon continues to be a first mover on silver exploration in Saxony, Germany, with an unparalleled ground position covering historical high-grade silver mines on an epithermal silver belt that has never seen modern exploration for precious metals Excellon (TSX: EXN) (NYSE American: EXN) (FSE: E4X2), a silver and base metals producer with precious metal projects in Mexico, Idaho and Germany, zeroes in on the expansion of its Silver City…

TuesdayApr 20, 2021 10:53 am

Asia Broadband Inc. (AABB) Launches AABBG Gold-Backed Crypto Tokens, AABB Wallet; Plans Proprietary Cryptocurrency Exchange

AABB launches AABB Gold cryptocurrency token, AABB Wallet targeting high-growth markets Initial token release is 100% backed by $30 million in physical gold Company plans to expand token circulation through mine-to-token vertical integration Asia Broadband (OTC: AABB), a resource company focused on the production, supply and sale of precious and base metals primarily to the Asian market, has launched its AABB Gold (AABBG) cryptocurrency token (https://ibn.fm/j1FDQ). Intended to become a secured and trusted gold-backed global standard of exchange, the token was developed in collaboration with Core State Holdings Corp. (“CSHC”). Gold-backed cryptocurrency is a type of crypto stablecoin backed with…

MondayApr 19, 2021 11:48 am

How Nevada Mining Companies Stayed Afloat During the COVID-19 Storm

The mining sector has always had a robust culture of disaster preparedness, safety and health awareness, given its familiarity with the volatility of the markets and its innate inelastic supply and demand. However, the coronavirus outbreak last year resulted in an unprecedented downturn in almost all economic activities, including mining operations. A few weeks after the outbreak was declared a pandemic, market capitalization lost over a third of its value, and many speculated that a great depression would occur in the future. Instead, a survey of Nevada’s mining sector shows that consequences of the coronavirus, which included decreases in the…

FridayApr 16, 2021 11:30 am

Report Suggests Biden’s EV Plan May Trigger Bull Market for Energy Metals

According to Fastmarkets, an analytics firm, a $2 trillion infrastructure measure proposed by President Joe Biden would help establish bull conditions in commodity markets, especially for copper, lithium, cobalt and steel, which are key materials needed for the energy transition. Fastmarkets metals & mining expert Thorsten Schier stated that in comparison with the package proposed by Obama in 2009, the infrastructure plan proposed by Biden could be more beneficial to the metals market, for reasons beyond its large size. Schier explained that it created the potential for strong demand in the near future, as it did not need shovel-ready projects.…

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