NewsRoom Articles - Page 159 of 173

WednesdayNov 25, 2020 10:00 am

Mexico Going Forward with Plan to Nationalize Lithium Production

Mexico is going forward with its project to nationalize its growing lithium industry. This comes after Alejandro Armenta, a member of the Morena Party, introduced the proposal in parliament on Nov. 11, 2020. The proposal calls for lithium to be declared as the country’s exclusive property. This means that its production will be managed by the state. To do this, Armenta, the head of the Senate Finance commission, proposes that a new state-owned entity be created to regulate the mining of lithium. The proposed name of this entity is LitioMex. During a parliamentary online session, Armenta explained that the proposal…

TuesdayNov 24, 2020 10:00 am

Luxembourg Plans to Establish Europe’s New Space Mining Center

Luxemburg recently made public its plans to develop a European Space Resources Innovation Centre (ESRIC). This body would preside over the exploration and exploitation of extra-terrestrial resources. Luxembourg, together with the European Space Agency, is focused on making the innovation center an institution of expertise that is recognized internationally for economic, business, technical and scientific aspects that correlate with the utilization of space resources. This includes minerals and metals found in asteroids and water on the moon. Luxembourg is a small but very wealthy country, the wealthiest in the European Union. The country’s finance sector contributes the most to its…

MondayNov 23, 2020 10:00 am

Supercritical CO2 May Be Answer to Achieving Renewable Energy Targets

The national science agency for Australia, the Commonwealth Scientific and Industrial Research Organization (CSIRO) has entered into a collaboration with GTI, a U.S.-based firm that deploys various technology solutions to tackle environmental and energy challenges. The two bodies will be working together to create a carbon dioxide power plant that may help mining entities reach bigger targets in terms of renewable energy. The organizations together released a press release that explained how the supercritical carbon dioxide power plants recirculated C02 at high temperature to generate electricity. This was in comparison with steam, which is widely used by most firms. Additionally,…

FridayNov 20, 2020 12:50 pm

Josemaria Resources Inc. (TSX: JOSE) (OTC: JOSMF) Feasibility Study on Flagship Project Yields Bright Future in Copper, Gold

Josemaria Resource’s flagship copper-gold-silver Josemaria Project is located in Argentina’s San Juan province Company has recently published its NI 43-101 compliant feasibility study on the project Mine 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 Study indicates $1.53 billion after-tax Net Present Value at an 8% discount rate, 15.4% Internal Rate of Return at metal prices of $3.00 per pound copper, $1,500 per ounce gold, $18 per ounce silver The Josemaria Project return increases to $US2.3Bn After-Tax NPV8 and 18.5% IRR as calculated by metal prices on November 12,…

FridayNov 20, 2020 10:00 am

Pioneer Research Shows That Bacteria May Be Used To Extract Minerals in Space

Pioneer mining experiments performed by astronauts in space have shown that in zero gravity microbes can effectively extract elements from rocks. The astronauts on the International Space Station performed these tests. This opens up an array of possibilities for humanity in terms of exploration and settlement of the solar system. The study, which was published in the “Nature Communications” journal, explains that microorganisms play important roles in natural process such as the cycling elements in the atmosphere and weathering rocks into soils on earth. They are also used in various manufacturing and industrial processes, such as bio mining. Bio mining…

ThursdayNov 19, 2020 10:00 am

Opportunities for the Mining Sector in 2021

The onset of the coronavirus pandemic disrupted a lot of major industries, among them the mining industry. The production of metals declined, with many mining operations halting due to restrictions that were implemented as a result of the pandemic. Despite this, though, the sector is slowly regaining its footing as mines in various countries were declared essential industries. It’s clear, however, that as we move into next year, the coronavirus will continue affecting all industries, with many having to incur additional expenses to continue operating under the new normal. To ensure the sector remains operational during this period while also…

WednesdayNov 18, 2020 10:00 am

Mexican Mining Sector Rebounds as Lockdown Eases

The lockdown resulting from the ongoing pandemic has affected many sectors globally, with the natural resource sectors in various countries experiencing major losses. In Mexico, September figures show signs of improvement as the sector stabilized. According to Inegi, a statistics agency, activity in Mexico’s mining sector increased by 1.8%,in comparison with August 2019’s activity. Earlier in the year when mines were suspended in April and May to comply with restrictions brought about by the pandemic, contractions of 25.1% were recorded in April and 17.8% in May. June saw operations increasing, as mining was declared to be an essential industry. Growth…

TuesdayNov 17, 2020 2:37 pm

Josemaria Resources Inc. (TSX: JOSE) (OTC: JOSMF) Files Key Report, Notes Positive Study Regarding Argentine Property

Technical report supports recent positive feasibility study announcement Study projects average annual metal production of 136,000 tonnes of copper, 231,000 ounces of gold and million-plus ounces of silver Josemaria one of world’s very few readily developable copper-gold projects Josemaria Resources (TSX: JOSE) (OTC: JOSMF) has filed a key technical report to support its recent positive feasibility study announcement. The report, which was prepared under National Instrument 43-101 Standards for Disclosure for Mineral Projects, is in regard to the company’s wholly owned Josemaria Copper-Gold Project, located in San Juan Province in Argentina. Last month Josemaria Resources announced the positive results of…

TuesdayNov 17, 2020 10:00 am

Northern Canada: The New “It” Spot for Gold Mining

At most recent count, Northern Canada has an estimated total population of 126,566 people and produces a lot more gold per capita when compared to any other region in Canada. This includes Ontario, which is the largest gold-producing territory or province in Canada. Northern Canada is made up of three territories: Nunavut, Northwest Territories and Yukon. The former is the third-largest gold producing territory/province in Canada. Last year, the territory produced 465 koz while Yukon is the eighth largest, producing 84 koz of gold in 2019. The Yukon territory was engulfed in the famous Klondike Gold Rush towards the end…

MondayNov 16, 2020 10:00 am

Strategies That Can Help the Mining Sector Advance into the Future

The natural resource sector is currently going through a fundamental change as it implements new technologies while managing social and climate challenges. To strengthen the metals and mining industry’s primary role in the evolving world economy, the industry is growing its material demand, focusing on new digital solutions and raising awareness of the challenges it faces. To successfully implement this approach while also taking into account the coronavirus pandemic and its effects, here are a few important areas to consider. Metals, mining and the energy transition The growing demand for low-carbon technologies and energy will increase metal and mineral demand.…

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