NewsRoom Articles - Page 154 of 165

ThursdayOct 29, 2020 2:00 pm

Five Companies That Could Win Tesla’s Giant Nickel Contract

Earlier in July this year, Tesla’s Elon Musk asked miners to mine more nickel. He pledged a “giant contract” for any firm that could mine nickel in an environmentally and economically sensitive way. Many speculate this to be an indication of Tesla upscaling its production of lithium-ion batteries. Forecasts show that Tesla may reach production of 5 million electric vehicles (EVs) by 2025. So assuming each Tesla EV requires roughly 55 kilograms of nickel, and Tesla manufactures 5 million electric vehicles annually, the company would potentially need approximately 275 million kilograms (275,000 tons) of nickel annually. No wonder the company…

WednesdayOct 28, 2020 2:00 pm

Mining Company Records Highest In-Situ Gold Grades in Quebec

Troilus Gold Corp. recently reported that its 2020 summer regional exploration program, which was centered on the generation of high-priority targets within the Frôtet-Evans Greenstone Belt, yielded the highest gold grades ever. These grades were recovered on the Troilus Project, which is found in the northeast area of Chibougamau, Quebec. The news comes after Troilus grew its land position earlier this year with more than 90,000 ha, which made the company the biggest claim holder in the greenstone belt. These impressive results were obtained from the Testard target, which is another one of Troilus’s projects. The target is found roughly…

WednesdayOct 28, 2020 12:54 pm

Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Looks to Nuclear Energy Future with Bipartisan Support

Nuclear power is seeing bipartisan government support Executive order declared state of emergency to address America’s overreliance on critical minerals, including rare earth elements and uranium, from foreign sources House Speaker spearheaded climate bill that calls for reducing emissions to zero by 2050; Biden wants same goal by 2035 Energy Fuels (NYSE American: UUUU) (TSX: EFR) is a U.S. miner that stands ready with the unique abilities and resources to supply the United States with its growing demand for clean nuclear energy. As election day looms closer, the one thing both parties seem to agree on is that nuclear energy…

TuesdayOct 27, 2020 2:00 pm

A Glimpse into the US, Canada’s Critical Minerals Plan

For the past two years, the Unites States has made an effort to decrease its dependence on foreign mineral imports while encouraging domestic miners to provide these minerals. The America First mining program designated 35 products that were important to the national and economic security of the country; China currently dominates the production of many of these important minerals, including aluminum. China is the world’s largest producer of aluminum with a yearly production capacity of roughly 36 million tons. With tensions rising between China and the U.S., the United States is eager to enter into trading relationships with other countries…

FridayOct 23, 2020 2:00 pm

New Study Discovers Countries with Transparent Mining Sectors Have Lower Carbon Emissions

In a new study conducted by the University of Sussex, data shows that countries which are part of the EITI (Extractive Industries Transparency Initiative) have recorded a 13% average decline in carbon emissions between the years 2000 and 2014. However, the world average carbon footprint per capita increased by 23% in the same period. The initiative demands financial transparency over gas, oil and mining revenues. Benjamin Sovacool, an energy policy professor involved in the research, explains how the scheme has allowed nations globally to use recovered funds that would have been lost to corruption to invest in more sustainable energy…

ThursdayOct 22, 2020 2:00 pm

Challenges of Incorporating Electro-Mobility in Mining

In a bid to make the mining industry more sustainable, Codelco, Chile’s state copper miner and the world’s largest copper producer, is incorporating electro-mobility into its operations. However, major challenges lie ahead. In a webcast, Codelco’s innovation management specialist, Gonzalo Ramirez, stated that greater electro-mobility adoptions inside the mines would be dependent on the availability of well-trained and informed people as well as the technological feasibility of the business. He mentioned that from a market perspective, the company needed to validate business models and lower battery prices while on the technological side, Codelco needed the massive use of equipment. According…

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…

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