NewsRoom Articles - Page 187 of 196

MondayOct 05, 2020 10:00 am

How India Plans to Exploit the Full Potential of Its Mining Sector

Many countries and their economies alike have been adversely affected by the coronavirus pandemic. Countries like India plan to use this disruption to lead their economy into a rapid industrialization phase. The ace up their sleeve is the mining sector, which will be the main driver to economic recovery in a post-pandemic world. Usually, a 1% growth in the mining sector leads to an average 1.3% increase in the industrial production growth rate while 10 indirect jobs are created from 1 direct job. According to the 12th five-year plan of the Planning Commission of India, for every 1% rise in…

FridayOct 02, 2020 11:00 am

How to Implement Formalization of the Artisanal Mining Sector in Africa

Many projects in Africa support the development of the mining sector, with platforms like the Virtu Gem marketing platform, the Fair Cobalt Alliance and the Artisanal Mining Grand Challenge advocating for the support of the African artisanal mining sector. It is pretty clear that the attention and relevance given to the artisanal mining sector grows as countries rich in minerals seek additional ways to optimize their available resources. Using this momentum as a force of good to call for efforts to formalize and rationalize the entire value chain of the artisanal sector would be in the best interest of the…

ThursdayOct 01, 2020 3:15 pm

Coal Miners in Australia Face $17 Billion Export Decline

Coal miners in Australia are looking at a $17 billion decline in export earnings as the coronavirus blow on the sector continues and more power utilities in Asia make the switch to gas from coal. A federal government report that will be released in the coming week indicates the projected declines between 2020 and 2021. This comes after various coal companies recorded sharp profit contractions for the year, like Whitehaven Coal which declined by 95% and New Hope Corporation, which reported a 69% decline. Glencore, a Swiss mining company, suspended their operations in some of their coal mines located in…

WednesdaySep 30, 2020 3:00 pm

Saudi Arabia Plans to Earn $75 Billion Annually from Mining by 2035

The Saudi Geological Survey reports that the mining sector’s goal is to increase its contribution to the GDP to 281 billion riyals ($75 billion USD) annually from 64 billion riyals ($17 billion USD) by 2035. It is estimated that the value of unexploited minerals is roughly 5 trillion royals ($1.3 trillion USD), this is considering that more minerals may be discovered. In the last three years, the body has focused on the development and implementation of the regional geological survey program. This is a multi-disciplinary project whose first phase was launched in a geological area commonly referred to as the…

TuesdaySep 29, 2020 11:00 am

Pebble Mine in Alaska Holds Promise for US Mining

Alaska’s Pebble Mine contains about 1.3% of all the copper metal that has ever been produced or discovered in the world over the last 10,000 years. The mine also contains roughly 1.8% of all the precious gold metal ever produced and is also the largest rhenium deposit in the world. Rhenium is considered to be a rare element and is used in jet engines, high octane fuels and other military applications. Because this rhenium deposit is domestically produced in the U.S., the military considers it to be vital to the long term security of the country. Pebble Mine is also…

MondaySep 28, 2020 12:50 pm

Energy Fuels Inc. (TSX: EFR) (NYSE American: UUUU) Awarded Funds by DOE to Develop Design for REE Production

Company awarded government grant that could total $1.45 million to develop design for production of rare earth elements UUUU excited to play role in effort to develop domestic sources of rare earth production Energy Fuels announced entry into REE sector earlier this year, ideal complement to company’s other rare earth initiatives Energy Fuels (TSX: EFR) (NYSE American: UUUU), a leading producer of uranium in the United States, along with a team from Penn State University has been awarded a government grant for an initial amount of $150,000 to develop a design for the production of rare earth elements (“REE”) from coal-based…

MondaySep 28, 2020 12:23 pm

Bullfrog Gold Corp. (CSE: BFG) (OTCQB: BFGC) (FSE: 11B) Reports on Drilling Program at Virtual Investor Conference

BFGC lays out road map to success Potential of area highlighted as majors show interest Drill results encourage further exploration Gold price maintains lofty levels The virtual investor presentation given by Bullfrog Gold (CSE: BFG) (OTCQB: BFGC) (FSE: 11B) at the Aug. 6 OTCQB Virtual Investor Conference laid out BFGC’s well-thought-out road map to becoming a profitable gold producer. Bullfrog was one of several companies carefully selected to present to individual and institutional investors, advisors and analysts attending the event. Starting with a brief account of BFGC’s earliest acquisitions, CEO David Beling went on to show the exciting potential the…

MondaySep 28, 2020 12:00 pm

The US Pledges to Help Colombia Develop Mining Sector

Mike Pompeo, the U.S. Secretary of State, made it known recently that his office would be launching a program that will provide Colombia’s mining industry with the assistance needed for its development. On the visit to Colombia, the Secretary of State revealed that the proposal would be organized by the Department of State Energy Governance and Capacity Initiative. In a press conference that was held at the Presidential Palace last Saturday, Pompeo told Iván Duque, Colombia’s president, that American and Colombian companies could do a lot of good together, what with the welcoming investment atmosphere and good governance, fair and…

FridaySep 25, 2020 2:00 pm

Vienna University Researchers Release First-Ever Compilation of Global Mining Sites

Researchers from Vienna University of Economics and Business have released a global-scale comprehensive dataset of the total geographical area that is used for mining activities. The researchers used satellite imagery to generate this data. This research was done by lead researchers from WU Vienna’s Institute of Ecological Economics; Stefan Giljum and Victor Maus. Maus states that one of the main problems they encountered in the assessment of the impact of the global mining sector was the lack of enough geographical information on these mining sites. While there is a lot of data present on the mining sector’s activities, they focus…

ThursdaySep 24, 2020 2:45 pm

Rare Earth Minerals Discovered in Fossilized Fish Off Pacific Island

In the tiny isle of Minami-tori-shima, scientists have discovered a huge deposit of rare earth elements. The lode is not physically located on the island but in the clay sediment in the south of the seamount that the island sits on. The super deposits are bits of fish scales, teeth and bones that form the element traps. Scientists from Japan have calculated that the clay, which covers a 2500 km2 zone in the south of the island, can supply four of the earth’s rare elements’ requirements for hundreds of years. Rare earth elements have many uses in today’s world and…

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