WednesdayDec 02, 2020 10:00 am

Collaboration May Help Mining Firms Reap Benefits of Digitization

The mining industry as a whole has made great strides with regard to digitizing various mining site operations and processes. This offers mining firms many benefits, including the reduction of operation costs of the mine. These measures also optimize a mine’s major assets, allowing the goals and objectives of a mine to be predicted and monitored easily. This progress also allows mines to keep track of their operating assets, ensuring that they remain undamaged. Digitization also allows mine operators to redistribute the water used in one process. This helps minimize effluent discharge volumes as well as the mine’s water intake.…

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TuesdayDec 01, 2020 3:05 pm

GoldHaven Resources Corp. (CSE: GOH) (OTCQB: ATUMF) Leverages Key Strengths Essential in Today’s Mining Sector

David Elliott, industry veteran and member of Canadian Mining Hall of Fame, cites right people, right science as key factors to mining success Elliott finds certain jurisdictions, including Canada and South America, compelling mining locations Led by industry-seasoned professionals and operating in Canada and Chile, GoldHaven Resources appears well positioned to respond to mining investors' demands During an interview at the recent Global Mining Symposium, David Elliott, a new member of the premier Canadian Mining Hall of Fame, noted that the right people and the right science are critical elements that investors look at when determining which mining companies to…

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TuesdayDec 01, 2020 11:09 am

Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Releases Q3 Financial Results, Corporate Highlights

Financial report notes working capital of $44.7 million at end of Q3 2020, increase of 17% over Q2 2020 Key quarter highlights include becoming debt-free, progress on rare earth elements (“REEs”) CEO reports company making “significant strides in the last quarter on our uranium, rare earths and other initiatives” Energy Fuels (NYSE American: UUUU) (TSX: EFR) has released its financial results for the quarter ended Sept. 30, 2020, as well as a corporate update ( In addition to being debt free, the report noted that the company had working capital of $44.7 million at the end of Q3 2020, which is an increase of 17%…

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TuesdayDec 01, 2020 10:30 am

Vaccine Breakthrough Prompts Uptick in Copper Prices

The price of copper increased last week, reaching a new record after breakthrough reports on the coronavirus vaccine from Moderna and Pfizer. The copper price for delivery (December) on the Comex market increased by 3.1% to $7,176 per ton. If copper closes at any price higher than $3.30, it would mark the highest level since January 2014. On the London Metal Exchange, the price of this valuable metal increased to $7,207.50 per ton, roughly a 1.6% surge, the greatest amount since 2018 (June).  The vaccine is said to be 95% effective. BioNTech SE and Pfizer are planning on filing for…

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MondayNov 30, 2020 3:47 pm

Josemaria Resources Inc. (TSX: JOSE) (OTCQB: JOSMF) Focused on Readily Developable Copper-Gold Project as Demand Rises

Demand for copper is rising; deficit forecast in coming years Copper deficit heightens need for projects that can produce the high-demand metal Feasibility study concluded that Josemaria’s average annual metal production of 136,000 tonnes of copper (“Cu”), 231,000 ounces of gold (“AU”), 1,164, 000 ounces of silver (“Ag”) Strategic plan demonstrates commercial production at project could be achieved by early 2026 The looming copper deficit will likely worsen in the coming years, according to an S&P Global Market Intelligence report ( That news is capturing the attention of companies such as Josemaria Resources (TSX: JOSE) (OTCQB: JOSMF), a Canadian natural…

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MondayNov 30, 2020 10:00 am

Problems Facing the Mining Industry Today

We’ve seen the world change in many ways during these past few months, affecting different sectors globally and wreaking havoc on the economies of different countries. The mining industry has not been spared from change, with various issues plaguing the industry. Today we look at some of the biggest issues that this industry needs to overcome, in addition to what can be incorporated into the industry to gain a competitive advantage. The changing expectations of people and society, which influences a shift in opinions, is among the challenges facing the mining industry presently. The gap between the mining industry’s performance…

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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…

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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…

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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,…

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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,…

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