NewsRoom Articles - Page 179 of 211

FridayJun 04, 2021 2:30 pm

2020 Mining Capital Expenditure Reduces by 8% Due to Pandemic

Recent research conducted by S&P Global Market Intelligence has discovered that actual capital expenditures decreased by 8% last year in more than 400 mining companies. This was a result of the regional lockdowns imposed, which brought about work stoppages and placed unprecedented stress on international supply chains. At the start of last year, S&P Global Market Intelligence forecasted a capital expenditure of more than $160 million, based on a 9% year-over-year increase of the previous year. However, the pandemic’s impact on the mining sector prompted miners to alter spending plans, which brought the forecasted capital expenditures to about $155 billion.…

FridayJun 04, 2021 9:00 am

Asia Broadband Inc.’s (AABB) Strong Q1 2021 Balance Sheet Sets Foundation for Robust Performance, Fulfillment of Strategic Goal

Asia Broadband recently released Q1 2021 results featuring a strong balance sheet as indicated by over $100 million in total assets, an increase of 283% from a similar period last year The results signal AABB’s highly liquid position to fully fund and rapidly grow its gold mining and cryptocurrency operations AABB intends to acquire high-yield gold mining assets to increase its physical gold holdings AABB recently hired a marketing firm to design an international marketing campaign to be rolled out in May Asia Broadband (OTC: AABB), a company that utilizes its specific geographic expertise, experience, and extensive industry contacts to…

ThursdayJun 03, 2021 2:15 pm

Researchers Assert That Going Green Will Prompt Increase in Mining Activities

Researchers reveal that the present supply of minerals and metals will not be able to support a universal economy that’s producing net zero carbon emissions. These experts argue that the rates of extraction of these resources has to be increased, even if it’s only in the short term, adding that in due course, recycling on a large scale should be able to meet the demand for critical minerals such as lithium. While mining initiatives are usually not well received given the negative effects the action can have on both health and the environment, Richard Herrington and his fellow researchers believe…

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…

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