NewsRoom Articles - Page 163 of 194

WednesdayJun 02, 2021 2:15 pm

Chinese Government Calls on Metals Industry to Restrict Price Inflation

As global metal demand fluctuates as a result of the pandemic’s impact on various industries, the Chinese government is urging its mining sector to pay no attention to the price inflation and speculation on metal demand. This was announced during an industry meeting held by the country’s National Development and Reform Commission and other state bodies. Various private aluminum, iron and steel producers attended the meeting and were urged to not drive the prices of metals higher. The price of metals such as aluminum and copper has grown significantly this year. While this increase in price isn’t solely linked to…

TuesdayJun 01, 2021 1:30 pm

Future Copper Deficits May Be Addressed by Mining Tailings

The use of new technology and the recent increase in copper prices has changed how miners are extracting copper from waste rock dumps. The price of the red metal surged as global stimulus measures prompted an increase in demand. Long-term projections show that the increase in consumption, which is driven by the green-energy transition, will surpass supply in the near future. A recent study reported by CRU Group has discovered that more than 40 million tons of copper are lying in waste dumps in different mines around the world. The red metal is considered to be challenging to economically extract…

FridayMay 28, 2021 12:30 pm

Lithium May Soon Be Extracted from Brine Using Magnetic Nanoparticles

The Pacific Northwest National Laboratory, under the U.S. Department of Energy and in collaboration with Moselle Technologies, recently launched a technology that utilizes magnetic nanoparticles to extract valuable minerals from brine. The nanoparticle is made up of magnetite, which is a form of iron oxide. These particles can be introduced into brine from seawater, mineral mining effluent, produced water and geothermal plants where they capture free-floating minerals. The iron core in the nanoparticles is attracted to any magnet it’s exposed to, together with the material it has captured, which can then be filtered from the brine. While its patent is…

ThursdayMay 27, 2021 1:00 pm

Report Notes That Chinese EV Sales Could Boost Commodities Market

Analyst firm CRU recently released an electric vehicle (“EV”) report which highlights that China, currently the leader in the sale of new energy vehicles internationally, is expected to venture into Western markets while maintaining its market position, which makes up half of all expected global new energy vehicles, in the next 10 years. CRU, which conducts independent market analyses of various commodities and is based in London, also noted in its report that local sales would be boosted by consumer demand as the availability of high-quality models grew and new energy vehicle (“NEV”) prices continued to decrease. However, sales would…

WednesdayMay 26, 2021 3:00 pm

A Look at the Golden State’s Mining Sector

In the 19th and 20th centuries, the production of gold in California was booming, which is how it got its name: the Golden State. Exploration for gold began in the late 1700s when a group of Spaniards found gold in Imperial County, which prompted small-scale mining to begin. Despite this, it wasn’t until the mid-1800s that quantifiable gold mining commenced. In 1848, a sawmill operator and carpenter by the name of James Marshall went to inspect a sawmill that was being constructed in Coloma and, while there, he discovered gold, which attracted thousands of gold seekers and prospectors as the…

TuesdayMay 25, 2021 2:45 pm

MSHA Yet to Update Mining Safety Standards Despite Ongoing Pandemic

Willa Perlmutter, co-chair of the Stoel Rives mining group, has worked on numerous mine accidents that have involved multiple or single fatalities over the years. For instance, she was a part of the team that looked into the 2007 Crandall Canyon coal mine disaster, which claimed the lives of three rescue workers and six miners in Utah. Perlmutter states that in most fatality or accident investigations, human error plays a big role. This, she says, may be in the form of someone coming up with a bad idea or cutting corners, adding that sometimes, however, mining conditions worsen. With regard…

MondayMay 24, 2021 3:15 pm

Electric Vehicles May Play Crucial Role in Reduction of Greenhouse Emissions in Mining

Major mining companies around the world have pledged to significantly decrease their greenhouse gas emissions, with many hoping to achieve carbon neutrality in the next three decades. Switching to battery-powered vehicles from diesel vehicles may help achieve these companies achieve this objective. Many companies are already working towards electrifying their mining fleets, especially for underground mines where battery-powered or tethered dump, haul and load vehicles (LHDs) are becoming more popular. In addition to reducing greenhouse gases, LHDs also considerably reduce ventilation costs. Companies such as Kirkland Lake Gold and Newmont have pioneered the use of battery-electric vehicles (“BEVs”), with leading…

MondayMay 24, 2021 12:29 pm

Asia Broadband (AABB) Hitting its Stride in Cryptocurrency Exchange Development Following Token’s Launch

Asia Broadband Inc., an experienced producer of precious metals is adding key gold mine property acquisitions in Mexico, while concurrently developing a proprietary cryptocurrency exchange The exchange will build a mechanism for holders of its gold-backed AABBG token to trade with major cryptocurrencies such as Bitcoin, Ethereum, and Litecoin The AABBG tokens launched in March, backed by $30 million in physical gold from the company’s properties The company reports it achieved several milestones in regard to the exchange’s development during the past month that were related to its network, platform, design and algorithms Asia Broadband expects to test the exchange…

FridayMay 21, 2021 2:30 pm

Top Manufacturers of Autonomous Haulage Systems for the Mining Industry

Many mining companies across the globe are adopting the use of autonomous haulage systems (“AHS”), which not only improve the safety of mining operations but also improve maintenance and efficiency. This technology decreases the risk of injuries at mining sites by automating haulage operations and reducing the number of individuals needed around mining equipment. Additionally, the systems help avoid shift changes or breaks, which are linked to the use of manned machines. This also allows miners to decrease fuel emissions and consumption. Below is a list of some of the top manufacturers of autonomous haulage systems that serve the mining…

ThursdayMay 20, 2021 2:30 pm

IEA Says Rising Metals Prices Could Jeopardize Clean Energy Plans

The International Energy Agency (“IEA”), through a recently released report, says that the rise in the price of different clean energy metals may jeopardize the plans of different countries to switch to clean forms of energy, such as the use of electric vehicles. According to the IEA, attaining the ambitious goals set out in the provisions of the Paris Accord is likely to trigger a fourfold growth in the demand for minerals by 2040. However, the limited investment made to bring new mines into production could propel the cost of ecofriendly energy upwards by a significant margin. Fatih Birol, the…

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