NewsRoom Articles - Page 154 of 174

TuesdayFeb 02, 2021 3:15 pm

Solar Microgrids Could Help Decarbonize Mining Operations

Similar to other industries, mining is an energy-intensive industry. The only difference is that the processes involve a lot of crushing, digging and processing of minerals, which consumes a lot of power. Mines also operate 24 hours a day on every day of the week. Now that climate action is a priority under the Sustainable Development Goals (“SDGs"), many industries, including mining, are looking for solutions to decrease their emissions in a bid to incorporate more environmentally friendly approaches to mining, which will in turn help the planet. In addition to this, producers of minerals want to make their entire…

MondayFeb 01, 2021 3:15 pm

New Coronavirus Outbreak in China Dampens Copper Prices

The prices of copper decreased on Friday, with many concerned that the rising numbers of coronavirus cases in China following a fresh outbreak would impact demand. The new outbreak comes ahead of the traditional Lunar New Year holiday, which sees industrial activity in the country slow down. This comes after the copper smelting activity in the world increased in December 2020, led by China’s strong economy as well as its government’s stimulus efforts against the coronavirus pandemic. On the London Metal Exchange, three-month copper declined to $7,970 per ton, aluminum dropped to $1,985.50 per ton while nickel fell to $18,075/ton.…

FridayJan 29, 2021 2:00 pm

An Overview of Key Lithium Extraction Projects Across the Globe

In the latest industry report released by market analyst Fitch Solutions, one can see that lithium development in the EU and the UK’s positive project developments will do well for the EU’s mission to decrease its dependence on critical minerals from China as well as stabilize battery supply chains in the UK. Fitch highlights that securing strategic materials for the digital and green economy is the main theme for metals and mining this year — and not just in Europe. Just this month, a team of engineers from Penn State developed a fast-charging thermally modulated LFP battery. The lithium iron phosphate…

ThursdayJan 28, 2021 2:30 pm

Russian Company Launches First Metals ETCs

The biggest producer of high-grade nickel and palladium in the world, Norilsk Nickel, has introduced a series of exchange-traded commodities (“ETCs”) that provide investors access to metals that are physically backed. Norilsk Nickel has become the pioneer mining firm to introduce physically backed, exchange-traded products to the market. This comes after the company was forced to pay a $2.1 billion fine for an environmental disaster in 2020. Global Palladium fund will be managing the firm’s first four ETCs, which will be issued by Ridgex. These four products will provide investors with access to gold for a 0.145% management fee and…

WednesdayJan 27, 2021 3:00 pm

Report Provides Insights into the Market for Mining Pumps

A recent report released by Fact MR on the mining pumps market provides extensive coverage of key factors and market growth that are driving the sustained growth of the market landscape around the world. The report states that a significant increase in mining activities globally, pushed by proactive investments, may cause a constant rise in the demand for mining pumps. By the end 2018, the sales of mining pumps had probably exceed more than 3.5 million units. A senior analyst from the company explained that the expansion of existing mining projects and new mining projects had generated demand for new…

TuesdayJan 26, 2021 3:05 pm

Gains in Mining Sector Cause Australian Shares to Jump

Last week saw Australian shares rise overall by over 1%, with the largest gainer among them being Bingo Industries, a waste management firm, which received an acquisition offer. Financial and mining stocks also recorded gains, after recording sharp losses in the previous session. While the benchmark on Monday of last week had closed 0.8% lower, by 0208 GMT, the S&P/ASX 200 index had increased by 1.2% at 6742.60. After a private equity company made a $1.76 billion dollar bid for Bingo Industries, the firm rose 23.7%; the play equates to roughly A$2.29 billion. Apart from this, Rio Tinto Plc (NYSE:…

MondayJan 25, 2021 12:42 pm

GoldHaven Resources Corp. (CSE: GOH) (OTCQB: GHVNF) Grows Stronger, More Stable in Uncertain Year

Company acquired seven gold projects in the mineral-rich Andes Mountains of Northern Chile, with three ready for drilling Epithermal deposits signify additional nearby and/or deeper strains of porphyry deposits Canada, Chile have maintained strong, stable relationship for nearly 80 years The Canadian junior exploration company GoldHaven Resources (CSE: GOH) (OTCQB: GHVNF) has, in 2020, acquired low-risk, high-quality land in its search for new deposits of gold. As the company moves into 2021, new projects and phases of exploration are in the works. As a junior gold mining company, GoldHaven has its eye on the price of gold and the jurisdictions'…

FridayJan 22, 2021 1:15 pm

Silicon Carbide Sensors Could Improve Oil and Gas Pipeline Safety

Dr. Toan Dinh is a mechanical engineer from Australia who has found a way to help avert death and injury on mining sites. His method involves the use of new sensors created using silicon carbide to detect early mechanical issues in gas and oil pipelines. Dinh, an engineer from the University of Southern Queensland, has spent the last 6 years creating these sensors whose objective is to identify impending danger in corrosive as well as harsh environments. Dinh explained that as compared to the width of a human hair, the sensors were 5-100 times tinier and performed a 1000 times…

ThursdayJan 21, 2021 11:38 am

Josemaria Resources Inc. (TSX: JOSE) (OTC: JOSMF) Rapidly Developing New Copper-Gold Project in Argentina as Copper Demand Projected to Rise

Industry report suggests demand for copper will increase nine-fold due in part to increased production of Electric Vehicles S&P analysts predict copper shortages in coming years Josemaria is one of world’s few readily developable copper-gold projects Recent feasibility study concluded that Josemaria is robust, low-risk project with significant yield potential As one industry report suggests that the increased production of electric vehicles (“EVs”) will send copper demand up nine-fold (https://ibn.fm/6dyXW), S&P analysts predict a looming copper deficit in the coming years (https://ibn.fm/0i7iV). While market forces continue to exert upward pressure on the price of copper, Josemaria Resources (TSX: JOSE) (OTCQB: JOSMF), a…

ThursdayJan 21, 2021 11:15 am

Digital Innovation: Gateway to the Future of Mining

While the natural resource industry seems to have taken a little while to join the fourth industrial revolution, progress is being made steadily as automation is adopted and implemented. The benefits of automation include payload optimization achieved by computers in a way that could not be replicated by people. Global mining equipment producer CR Mining is among many that are dedicated to developing more technology for the natural resource industry. The company’s head of product strategy, Kevin Greenwood, explained that the digitization of mining had various benefits. Among them those benefits are the following: Improvement in efficiency and productivity based…

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