MondayNov 09, 2020 3:30 pm

China Bans Copper Imports from Australia

A recent report by Bloomberg shows that China has instructed its traders to stop purchasing more than seven different Australian commodities including lobster and wine, timber, sugar, copper ore and concentrate, barley and coal. Canberra and Beijing have been in a geopolitical dispute since April after Australia demanded an international inquiry be made into the origins of the coronavirus pandemic. The “South China Morning Post” aired reports suggesting that sugar and copper exports into China from Australia will be stopped. This is after the country banned a shipment of barley from an Australian grain exporter and timber imports from Queensland.…

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FridayNov 06, 2020 3:00 pm

Covid-19 Containment Measures Expected to Trigger Slump in Gold Supply

Most experts expect roughly a 1.7% decrease in the total output of gold worldwide this year. This is largely because of mines shutting down, mainly during the second quarter of 2020 because of coronavirus restrictions. A reduction in production levels from nearly all top global producers is also expected in 2020 because of the pandemic and the resulting lockdowns that affected several important markets such as South Africa. Strangely enough, the price of gold is at an all-time high now and has been since August. The rate is $2,000 per ounce, thus supporting profit growth for several gold miners. This…

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ThursdayNov 05, 2020 2:30 pm

Batteries Among Top Twitter Mentions in 2020’s Third Quarter

GlobalData’s Influencer Platform recently revealed that batteries are among the top terms tweeted in trending mining industry discussions by influencers on Twitter. Below are the top five terms tweeted with regard to battery minerals this year. Batteries In the third quarter of this year, the launch of a zero-carbon lithium project in Germany, the need for electric vehicles in India and Tesla’s plan to construct a plant for producing batteries were a few of the most discussed topics with 1,501 mentions combined. Lithium and battery expert Dirk Harbecke noted that Tesla announced plans to manufacture its own batteries in Germany.…

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WednesdayNov 04, 2020 3:00 pm

Benefits of Onsite Training in Mining Sector

To keep operations on your mining site running without hitches, you need up-to-date training for your workers. Onsite training allows mine technicians to stay updated in a digital age that is constantly evolving and equips them with knowledge that allows them to understand how various equipment works. This training is in addition to essential training on how equipment should be used and how to use it optimally. The following are a few benefits of onsite training. Simpler compliance All businesses in the industry have to comply with operating and safety standards. Onsite training ensures that businesses can meet these requirements…

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TuesdayNov 03, 2020 3:24 pm

Josemaria Resources Inc. (TSX: JOSE) (OTC: JOSMF) Is ‘One to Watch’

Josemaria Resources (TSX: JOSE) (OTC: JOSMF) is a Canadian natural resources company based in Vancouver, British Columbia. The company’s current focus is on advancing the development of its wholly owned Josemaria copper-gold mining project. Josemaria Resources is part of The Lundin Group of companies, a conglomerate of 13 business entities operating in the mining, oil and gas and renewables sectors all around the world. The Josemaria Copper-Gold Project The company’s flagship Josemaria Copper-Gold Project is located in the San Juan Province of Argentina – a well-known mining hub supporting a wide variety of mining service companies. The Lundin Group has been active…

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TuesdayNov 03, 2020 2:55 pm

GoldHaven Resources Corp. (CSE: GOH) (OTCQB: ATUMF) May Help Bring Revitalization to the Mining District

Mining district in Chile has been in sharp decline, hit particularly hard in 2020 Government supports revitalization, has proposed a series of tax breaks for investors GOH drilling program anticipated to begin in January 2021 Formerly known as Altum Resources Corp, GoldHaven Resources (CSE: GOH) (OTCQB: ATUMF) is a Canadian junior exploration company active in the Maricunga Gold Belt of Northern Chile. The company has entered into agreements to acquire seven promising gold projects. The company’s goal is to identify and capitalize on valuable precious metal projects in mineral-rich districts with stable political jurisdictions.  In April 2020, GoldHaven entered into an…

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TuesdayNov 03, 2020 2:00 pm

Mining Forum Takes Stock of Covid-19 Effects on Gender Equality, Climate Action

Speakers at the annual general meeting of the Intergovernmental Forum on Mining, Minerals, Metals and Sustainable Development discussed the challenges that faced the mining sector during the virtual event. They also discussed opportunities that would facilitate the transition into a mining sector that was more sustainable and how to achieve the sustainable development goals. Participants of the forum addressed coronavirus-related loss of employment in the mining community as a result of reduced worker mobility and border closures, as well as safety and health concerns and the increase in food insecurity and poverty. The discussions also covered technological innovation, resource taxation,…

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MondayNov 02, 2020 2:00 pm

China’s Ambitious Infrastructure Plan Will Grow Metals Demand

A report revealed that China’s advancement of its new infrastructure plan, which involves beneficiation, will increase the production of high-end metals. The focus on advanced infrastructure has been more active after the decrease in economic activity as a result of the coronavirus pandemic and the heightened tensions between China and the United States. The report predicts that this infrastructure plan will work together with other industrial policies in China, such as China Standards 2035 Plan and Made in China 2025. These reflect the country’s ambitious strategy that will enable it to become a global leader in innovative and high-tech industries…

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MondayNov 02, 2020 10:21 am

Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Achieves Debt-Free Milestone, Provides ‘Clean Slate’ for Increased Uranium Production

One of few uranium, natural resource companies in North America with no debt Sets stage for increasing uranium production as markets improve; launching rare earth element initiative Allows rare earth production as markets warrant Applauds U.S. government for securing agreement to limit imports of uranium from Russia Energy Fuels (NYSE American: UUUU) (TSX: EFR), the leading uranium mining company in the United States, has officially reached debt-free status, a goal it has been working toward for the past several months (https://ibn.fm/BFes9). The company reached that goal following the retirement of its remaining Cdn$10.4 million of floating rate convertible unsecured subordinated debentures; the…

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FridayOct 30, 2020 2:00 pm

Important Copper Negotiations Reveal Limited Supply

The COVID-19 pandemic has made it hard for companies to negotiate deals, as evidenced by the Freeport-McMoRan copper benchmark deal. Instead of personally receiving key customers during the London Metal Exchange Week, miners have resorted to using virtual meetings, whose progress is slower than traditional face-to-face meetings, to hammer out deals. Apart from impacting gatherings, the pandemic is also affecting mine supply and stirring up market uncertainty. Javier Targhetta, Freeport’s senior VP of sales and marketing, expects that the deficit of copper concentrate in the market will continue. He adds that prior to the pandemic, inflexible supply of concentrates had…

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