NewsRoom Articles - Page 65 of 188

MondayMar 25, 2024 10:00 am

Rights Groups Claim ‘Dirty’ Gold Can Still Find Way into London Market

Human rights groups are urging the London Bullion Market Association (LBMA) to ramp up efforts to exclude “dirty gold” from the exchange’s supply chain. The LBMA oversees the worldwide over-the-counter (OTC) bullion market and has a global membership of nearly 150 refiners, traders, producers, fabricators and miners. Referring to itself as the global precious metals authority, the London Bullion Market Association sets global standards for how companies in the mining space mine, refine and trade precious metals, including gold and silver. While the association has certainly taken steps to prevent gold associated with criminality or human rights abuses from entering…

FridayMar 22, 2024 10:00 am

New US Envoy on Climate Urges China to Expedite Transition from Coal

John Podesta, the new U.S. envoy on climate change, is calling on China to speed up its green-energy transition and take its responsibility toward mitigating climate change more seriously. Even though China is still the largest greenhouse-gas emitter on the globe after overtaking the United States in 2006, Podesta believes the economic giant still has more online coal than it needs and that is healthy for the world. China emitted 27% of the world’s entire greenhouse-gas emissions in 2020, according to the World Resources Institute’s CAIT database. The country also produces 12.7 billion metric tons of greenhouse gas emissions per…

ThursdayMar 21, 2024 11:15 am

Advanced Gold Exploration Inc. (CSE: AUEX) (OTC: AUHIF) (FSE: 4TG) Is ‘One to Watch’

Advanced Gold Exploration in January 2024 closed the first tranche of a non-brokered private placement for aggregate gross proceeds of $62,500 A continuing private placement is in progress and will be closed soon In December 2023, the company exercised its option to acquire a 75% interest in certain mineral claims located in Melba Township in the Kirkland Lake Area of Ontario In October 2023, Advanced Gold Exploration acquired an option on the Landrum gold property in South Carolina from Carolina Gold Resources The company announced in September 2023 it would change its corporate name to Advanced Gold Exploration Inc. Advanced…

WednesdayMar 20, 2024 10:30 am

Gold Weakens as US Inflation Data Dampens Hopes of Imminent Rate Cuts

Last week, the price of gold dropped following an unexpected rise of 0.6% in last month’s producer price index as reported by the Bureau of Labor Statistics under the department of labor. The increase in producer price index is higher than its 0.3% forecast. This increase also reduced expectations of an interest rate cut by the Fed and boosted the dollar as well as Treasury yields. Spot gold hit $2,161.39 an ounce, a 0.6% drop. This is quite a decline from its record price of $2,194.99 an ounce, as recorded on March 8, 2024. U.S. gold futures also dropped by…

MondayMar 18, 2024 12:00 pm

Indonesia Underreporting Methane Emissions at Coal Mines

A recently released report has found that coal mines in Indonesia are underreporting their methane emissions. The report was compiled by Ember, an energy think-tank focused on accelerating the transition to clean energy using policy and data. The company’s senior climate and energy analyst in Indonesia, Dody Setiawan, stated that the use of outdated methods was undermining the scale of the country’s methane issue. An analysis of data obtained determined that coal mine methane emissions totaled about 875 kilotons, which is almost seven times higher than the country’s 2019 figure of 128 kilotons. Methane (CH4) is an odorless, colorless gas…

FridayMar 15, 2024 12:00 pm

National Association Says China Is Approaching Peak Consumption of Coal

During the China Coal Import International Summit held in Xiamen, the National Coal Association of China revealed that the country was nearing peak coal consumption. Zhang Hong, the association’s deputy-secretary general, added that concerns on energy security would cause coal use to level for a while after it peaked. He also noted that the growth recorded in the solar and wind industry in 2023 would decrease coal demand in the power sector. This announcement comes after China Petrochemical Corp stated late last year that it expected the country’s consumption of coal to hit almost 4.4 billion metric tons by 2025.…

FridayMar 15, 2024 9:45 am

Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) Advances Exploration Program, Closes Private Placement

The Canadian Shield hosts numerous nickel, copper, gold, and platinum group metals Fathom targets high-grade nickel sulfide discoveries for use in EV and green energy markets Fathom operates the Albert Lake Project and the Gochager Lake Project, both located in Saskatchewan's Trans Hudson Corridor Favorable results revealed from recent drilling at the Albert Lake Project Company recently closed the second and final tranche of its non-brokered offering, total gross proceeds totaled $4,571,063 when combined with the first tranche The Canadian Shield’s rich mineral endowment presents abundant mining exploration and drilling opportunities. Covering a significant portion of Canada, this vast geological…

WednesdayMar 13, 2024 12:30 pm

Why Investors Are Flocking to Gold, Pushing Price Higher

Investments in gold have spiked recently, for good reason. Inflation is affecting the value of the dollar while high rates and market volatility are causing economic uncertainty in different parts of the globe. In such times, investors traditionally flock to gold as a safe haven. This isn’t the only thing driving interest in the precious metal either. The recent price of gold has seen steady growth, with spot price reaching $2,160 an ounce. Below are some key reasons why investors are adding gold to their portfolios right now. To hedge against inflation A report issued earlier this year showed inflation…

MondayMar 11, 2024 12:30 pm

As Precision Farming Gains Traction, Market for Controlled Release Fertilizers Set for Explosive Growth

Currently, the controlled release fertilizer market in North America is valued at $570.1 million. With a compounded annual growth rate of 7.91%, it is expected that the value of this market will have reached $900.4 million by 2030. This is according to the recent Market Share Analysis report on the controlled release fertilizer market in North America. The study period runs from 2016, with forecasts through 2030. The largest segment under this market by type of coating is polymer-coated fertilizers, which supply the important secondary and primary nutrients to the crops. This eliminates the need to apply the fertilizer multiple…

FridayMar 08, 2024 11:45 am

As Sentiment About Impending Rate Cuts Strengthens, Gold Rises to 3-Month Highs

At the start of this week, the price of gold reached a three-month peak driven by increased bets for an interest rate cut by the Fed come June. Spot gold hit $2,113.3 an ounce, representing a 1.4% increase. This is its highest price since the start of December 2023, when its price reached $2,135.40 an ounce. U.S. gold futures hit $2,126.30 per ounce, a 1.5% increase. This improvement in the precious metal’s price comes after its price recently surged about $50, driven by weak price pressures as well as construction and manufacturing spending. Disappointing economic data also facilitated the surge…

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