NewsRoom Articles - Page 157 of 173

TuesdayDec 15, 2020 12:45 pm

Gold Prices Decline as Coronavirus Vaccination Begins

The price of gold dropped from its two-week high as coronavirus vaccines were prepared for introduction to various markets. Gold futures in the United States decreased to $1,853.20 per ounce, a 1.1% decline while Spot gold decreased by the same percentage to $1,848.30 per ounce. The vaccine rollout seems to be affecting the price of gold, as the Johnson & Johnson coronavirus vaccine is currently awaiting regulatory approval and Pfizer progresses with its vaccine trials. This progress for both firms comes after Britain became the first country in the West to begin an extensive vaccination drive. While the National Health…

MondayDec 14, 2020 1:00 pm

CO2 Emissions, Methods Used in Mining Gold: Is There a Link?

Gold has benefitted greatly this year, becoming one of the metals that performed best as its prices reached new highs. Additionally, a number of new mines have also started their operations, largely due to the strong price performance of the metal in the past recent years. With the growing concern on the effect mining has on climate change and the environment generally, a review of gold mines’ greenhouse gas emissions is in order. Underground mines have lower greenhouse carbon footprints as compared to their open-pit counterparts, which are larger. The underground mines usually process less material and operate at higher…

FridayDec 11, 2020 1:37 pm

Josemaria Resources Inc.’s (TSX: JOSE) (OTC: JOSMF) Argentina Project Could Benefit from Two-Year High Copper Prices

Rising copper prices tied to COVID-19 vaccine breakthroughs Market expert notes that “positive news for the metals is compounding and copper is gaining momentum” JOSE focused on development of its Josemaria Copper-Gold Project In an intriguing take on the COVID-19 global pandemic, copper prices have reached a two-year high because of the connection the base metal has to vaccine breakthroughs (https://ibn.fm/l2Z8y). Those increasing prices bode well for Josemaria Resources (TSX: JOSE) (OTC: JOSMF), a natural resources company that is focused on developing its wholly owned Josemaria Copper-Gold Project in Argentina. “On the Comex market, copper for delivery in December gained…

FridayDec 11, 2020 11:45 am

How Cleaner Energy Can Be Derived from Mining

With more countries around the globe adopting green standards and using more renewable energies, the natural resource industry is presented with the rather important role of providing the minerals that renewable energy relies on. For instance, by 2050, the International Renewable Energy Agency expects that the worldwide capacity of solar power will be at 8,519 GW. The production of PV panels requires rare earth elements such as cadmium and indium as well as copper and aluminum. Likewise, turbine generators need neodymium, which is used in magnets. And if you didn’t know already, wind turbines are manufactured from steel, which means…

ThursdayDec 10, 2020 11:15 am

Push to Low Carbon Emissions May Benefit Mining Firms

With more companies and countries going green, the demand for some metals and other renewable energies is bound to increase. This makes mining an important feature in a low-carbon future. Some of the minerals whose demand may grow include rare earth elements, cobalt and nickel. The executive director of Mining Industry ML Ed Moriarity explains that the demand for both cobalt and nickel is expected to increase by more than 1,000% by the year 2050. Both cobalt and nickel are used in batteries of electric vehicles. The battery industry is also forecasted to grow in the next decade to $90…

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…

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