NewsRoom Articles - Page 65 of 165

ThursdayJul 27, 2023 1:34 pm

US Targets Russian Copper Firm to Cripple Kremlin’s War Chest

The U.S. government has levied sanctions on Russian copper company Ural Mining and Metallurgical Company (UMMC) as part of its ongoing efforts to cripple the Kremlin’s war chest. Ever since Russia invaded Ukraine in early 2022, the United States and its Western partners have sanctioned hundreds of Russian individuals and companies to harm the country’s war effort in Ukraine. As of writing, the U.S. had added an additional 120 entities and individuals to its sanction list, with the new additions meant to disrupt Moscow’s access to goods and electronics that are aiding its war with Ukraine. The U.S. State and…

ThursdayJul 27, 2023 9:00 am

Eloro Resources Ltd. (TSX: ELO) (OTCQX: ELRRF) (FSE: P2QM) Poised to Benefit as Silver Stocks Slip into Deep Deficit

Global ambitions to achieve net zero status will necessitate a near tripling in annual clean energy investment Silver has emerged as a critical component of clean energy infrastructure due to its exceptional electric and thermal conductivity Nevertheless, a decrease in global silver production coupled with rising demand has left the precious metal in deficit – with the market undersupplied by nearly 238mn tonnes in 2022 Eloro Resources’ Iska Iska deposit may be poised to emerge as a rare greenfield silver project with the company set to publish its inaugural NI 43-101 compliant mineral resource estimate Global warming has become an…

WednesdayJul 26, 2023 12:26 pm

Environmentalists Express Concerns About Deep-Sea Mining

The global transition to green energy has signaled the need for critical metals such as nickel and cobalt. Solar, wind and electric vehicle technology will require these metals in immense quantities to support worldwide climate change efforts for the next few decades. However, current supplies are dwindling, and the existing recycling infrastructure isn’t sufficient enough to extract enough metals from dead electric vehicle batteries. Even if this recycling infrastructure and policies support mass recycling, it may not be enough to supply the world’s increasing demand for minerals. Mining companies are now looking to a new and unexplored frontier to help…

TuesdayJul 25, 2023 12:37 pm

GAO Says Many US Companies Aren’t Submitting Conflict Mineral Data

A recent report from the Government Accountability Office has revealed that some American companies aren’t submitting conflict mineral reports detailing potential ties to illicit Central African minerals. According to rules instituted in 2014, American-traded companies have to file “conflict mineral” reports that state whether their products may contain tin, tungsten, gold or tantalum sourced from the Democratic Republic of Congo or its nine surrounding neighbors. The rules were part of the 2010 Dodd-Frank Act, passed in the wake of the 2008 financial crisis, and they require U.S.-listed firms to carry out due diligence on minerals bought from the DRC and…

TuesdayJul 25, 2023 9:00 am

Canada Nickel Company Inc. (TSX.V: CNC) (OTCQX: CNIKF) Reports Promising Results from Texmont Project Amid Forecast of Growing Demand

Report projects that demand for nickel from the battery industry is set to increase significantly Texmont testing delivers results that meet or exceed expectations The company has acquired 403 additional mining claims within the Texmont ultramafic trend With experts predicting that nickel metal will play a key role in the 2023 battery-grade market (https://ibn.fm/e8Ky4), Canada Nickel Company (TSX.V: CNC) (OTCQX: CNIKF) appears to be ideally positioned in the growing space. The company just released initial results from preliminary metallurgical testing at its Texmont Nickel Sulphide Project, and the results meet or exceed historical results (https://ibn.fm/NpwuL). Nickel metal has a key…

MondayJul 24, 2023 1:23 pm

John Kerry Applauds China for Efforts to Switch to Renewable Energy

John Kerry, the United States special presidential envoy for climate, has commended China for its efforts to phase out dirty fuels in favor of renewable alternatives. Speaking in Beijing after arriving for three days of talks on climate change, Kerry praised China for the it’s speedy expansion of green-energy sources across the massive country. China, which is the largest greenhouse gas emitter on the planet, had installed up to 450 million kilowatts worth of solar power capacity by the end of May. The country has also upped its investment in green energy in recent months, spending around $13.68 billion on…

MondayJul 24, 2023 9:45 am

McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Reports Additional Copper Values at Los Azules Project; Eyes Further Value for Company

McEwen just reported new copper assays at its Los Azules project in San Juan, Argentina, the 9th largest undeveloped copper deposit in the world These results lead the company closer to realizing the full extent and economic potential of the deposit The latest drilling program, which began in October 2022 and concluded on June 19, 2023, has attracted new investment capital at rates implying a significant boost in the company’s value McEwen’s management is confident a future mine would support annual production of 415 million pounds of copper during its first 13 years at Los Azules, while creating long-term and…

FridayJul 21, 2023 1:07 pm

Gold Market Sees Growing Bullish Sentiment

Kitco’s latest News Weekly Gold Survey has revealed increasing bullish sentiment regarding the gold market among retail investors. Following weeks of lackluster investor interest and drifting sentiment, Kitco suggests that retail investors are once again turning their attention to gold and other precious metals. Even though neither Main Street retail investors nor Wall Street analysts expect a major breakout in the gold market, retail investors are slightly more optimistic. Analysts, on the other hand, are more cautious about the gold market. RJO Futures senior market strategist Daniel Pavilonis says that although weak inflation data will keep supporting gold prices, there…

ThursdayJul 20, 2023 2:48 pm

DOE Report Emphasizes Need for Graphite, Other Critical Minerals

The global transition from fossil fuels to clean energy will require major investment in critical metals to support the development of renewable energy infrastructure. These metals already function as raw materials in many modern technologies, including critical infrastructure such as defense systems, and their demand is poised to explode as the green energy transition accelerates. However, a significant portion of critical metals such as graphite are either mined or processed in China, giving the eastern Asian country a monopoly over the global rare mineral industry. China’s rare earth metal monopoly has spurred concerns among national leaders and industry players who…

WednesdayJul 19, 2023 3:11 pm

Study Suggests Natural Gas Could Match Coal’s Harmful Eco-Effects

A recent study has revealed that natural gas has the potential to match coal’s harmful environmental effects. Coal, one of the most prolific environmental polluters on the planet, is public enemy number one in our increasingly ecofriendly world. After decades of running factories and keeping households lit, coal is being phased out and replaced with cleaner alternatives, such as solar and wind energy, which cause minimal pollution. However, long before solar and wind could even dream of replacing coal-fired energy, natural gas was a top contender to replace coal. Natural gas-fired power plants produce less carbon dioxide compared to coal…

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