NewsRoom Articles - Page 61 of 165

TuesdayAug 29, 2023 1:13 pm

US DoE to Fund Studies on Sustainably Extracting Minerals from Coal

The Biden administration is set to fund research on environmentally friendly ways of extracting minerals and additional byproducts from coal. A recent press release from the USA Department of Energy (DOE) revealed that the agency has provided $30 million in grants to support efforts to build up local production, reduce costs and reduce America’s reliance on energy imports. The ongoing energy crisis has underscored just how interconnected the world has become along with the inherent danger of relying on foreign suppliers for critical products. For instance, the United States is wholly reliant on China for its supply of rare earth…

MondayAug 28, 2023 12:38 pm

Surging Equities Reduce Allure of Gold as Inflation Rages On

Gold-backed exchange-traded funds (ETF) are losing their safe haven appeal amid fears of an economic slowdown in the United States, well-performing equities and increasing bond yields even as inflation continues to ravage the global economy. Precious metals such as gold have traditionally enjoyed safe-haven appeal in times of political and economic upheaval as they can retain their value even as other assets and fiat currencies depreciate. In past years, geopolitical turmoil and economic slowdowns have consistently increased investor interest in gold as investors have sought to store their money in nondepreciating assets. A mini-crisis in the U.S. regional banking sector…

MondayAug 28, 2023 9:45 am

Eloro Resources Ltd. (TSX: ELO) (OTCQX: ELRRF) (FSE: P2QM) Publishes Updated Corporate Presentation; Remains Focused on Upcoming Release of Initial Mineral Resource Estimate

Eloro Resources recently published a new corporate update detailing ongoing developments within the company Eloro is continuing to work on the upcoming publication of its inaugural NI 43-101 compliant mineral resource estimate report, which will provide the market with more granular information related to the commercial viability of the Iska Iska project The company has recently carried out a variety of further studies within the site, including looking into the viability of ‘ore sorting’, a determinant of overall resource extraction efficiency Eloro Resources (TSX: ELO) (OTCQX: ELRRF) (FSE: P2QM), an exploration and mining company focused on developing its potential world-class…

MondayAug 28, 2023 9:00 am

Jewelry Maker GEMXX Corp. (GEMZ) Ramps Up Production at Canadian Gold Site

GEMXX Corporation is a unique vertically integrated jewelry producer, focused on managing costs in-house by mining its own gold and gemstones via its Canadian mine resources for its many jewelry products GEMXX has been engaged this year in bringing one of its British Columbia gold ore sites up to full production The company recently announced the encouraging results of gold ore processed from surface materials stockpiled during site construction, amounting to 0.86 ounces per 100 cubic yards GEMXX will add the gold processed from the site to fossilized, iridescent Ammolite gemstones from its Alberta resources, as the materials for its…

FridayAug 25, 2023 12:28 pm

Only Gold, Lithium Performed Positively in H1 2023

Commodities market data from the first half of 2023 has revealed that only gold and lithium performed positively in H1 2023. Now that the second half of the year has begun in earnest, analysis of the commodities markets’ performance in H1 2023 revealed that lithium was the best-performing commodity, thanks to a 10.81% gain. Alongside lithium, gold was the only other commodity to gain ground in the first half of the year to register a positive return for investors. While gold and lithium saw relative increases in price over the first half of the year, nearly every other commodity recorded…

ThursdayAug 24, 2023 2:19 pm

Tellurium Could Transform Battery Chemistry, Accelerate EV Adoption

Battery technology is currently undergoing a revolution that could result in the development of much more energy-dense electric vehicle batteries and spur EV adoption. Lithium-tellurium batteries just may be the spark the battery industry needs to boost battery efficiency without increasing costs or harming the environment, thanks to their high energy density, low cost and long cycle life. As the world transitions from fossil fuels to renewable energy, it will have to significantly expand its stationary battery storage capabilities. This will call for the development of newer battery technologies that can hold more power for longer to store renewable energy…

WednesdayAug 23, 2023 2:16 pm

China’s Low Inventory of Copper Contradicts Global Reality

Copper prices have fallen for the past several months amid a global energy crisis, worsening cost of living crisis and increasing geopolitical tension. Because copper’s performance is traditionally associated with broader economic metrics, reducing copper prices have increased fears of a global economic slowdown. Prices for the red metal have trended downward partly due to reduced demand, particularly from major copper importer China, and disappointing import and export data from the Asian nation. A sharp drop in global demand caused by worsening economic conditions in Europe and slowed economic recovery in manufacturing giant China also caused prices to drop significantly…

TuesdayAug 22, 2023 3:53 pm

How Silver, Gold Markets Differ

Both gold and silver are precious metals with safe-haven appeal that do not pay dividends or interest and that require investors to pay storage costs. They have a rich history of use as currencies and are currently among the most commonly traded metals and assets in commodity trading. Investing in silver and gold is a great way to diversify your portfolio and add more stability, especially during times of political and economic upheaval. High demand for gold and silver from the electronics and jewelry industry also makes both metals a great investment outside of their safe haven appeal. However, despite…

TuesdayAug 22, 2023 1:15 pm

From Changing a Tire to Uncovering the Next Lode: How AI is Revolutionizing the Mining Industry

The mining industry has always been at the forefront of technological progress. From the steam engine enabling coal mining to be profitable, to advanced drilling techniques, innovation has played a pivotal role in improving productivity and efficiency. In recent years, the adoption of artificial intelligence (AI) has emerged as a game-changer for mining, allowing for more efficient exploration, taking automation to new levels, generating greater yields, dramatically improving safety, and maximising extraction, maintenance and operational performance. Improving mine site efficiency AI-powered systems are being rolled out across mining operations to enhance resource estimation accuracy. By examining geological data patterns and…

MondayAug 21, 2023 2:25 pm

Coal Miners Support Proposals to Curb Silica Dust Levels in Mines

Coal mining is a dangerous endeavor for both the environment and the miners tasked with extracting the substance from the ground. Continued exposure to airborne respirable dust increases coal miners’ risk of developing lung disease, can cause permanent scarring in the lungs and impair their ability to breathe. Former coal miner Terry Lilly recently spoke to a panel of federal regulators about how coal mining impacted his health. Struggling to speak, Lilly informed the panel that he suffers from black lung, a deadly respiratory condition that affects coal miners after sustained exposure to silica dust particles. The deadly lung condition…

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