NewsRoom Articles - Page 77 of 165

WednesdayApr 12, 2023 3:43 pm

Biden Hopes to Leverage Renewables to Revive Coal Communities

It is clear that the world needs to turn away from fossil fuels such as coal and oil as a primary means of energy generation. Fossil fuels have contributed to the majority of greenhouse gas emissions, and their use poses a significant threat to personal and public health. However, moving away from coal, the dirtiest fossil fuel, will undoubtedly have a negative impact on communities that rely on coal mining and other coal-related activities as a source of income. This has been one of the primary arguments for opponents of the green-energy transition: the green-energy transition could potentially rob thousands…

TuesdayApr 11, 2023 2:19 pm

Zinc Production to Recover in 2023 Though Scheduled Mine Closures Could Dampen Results

The production of zinc around the globe is expected to experience volatility throughout the year as geopolitical factors impact the supply chain. In April 2020, the coronavirus pandemic caused the demand for zinc to decline significantly, as zinc-intensive sectors such as transportation and construction significantly slowed or shut down entirely. Zinc prices fell that month, with worries of a supply surplus and risk-off sentiment also reducing investor interest in the metal greatly. However, the supply surplus turned into a supply shortfall of 1 million tons in 2021 as demand began to increase. This recovery proved to be short lived as…

TuesdayApr 11, 2023 9:00 am

Reflex Advanced Materials Corp. (CSE: RFLX) (OTCQB: RFLXF) Is ‘One to Watch’

Reflex Advanced Materials has begun the qualification process and boasts established relationships with more than 25 key North American customers, putting it years ahead of the competition in the lengthy graphite sales cycle The company has executed two critical product development and material research partnerships in an effort to diversify risk and improve margins Reflex Advanced Materials expects to begin fulfilling major graphite orders in 2024, with supply, processing partners and demand already in place The U.S. Department of Energy is in the process of awarding $2.8 billion to expand domestic manufacturing of batteries for electric vehicles, and the company…

MondayApr 10, 2023 1:21 pm

Melting Glaciers Expose Fossil Fuels, Precious Metals, Possibly Microbes

Around 10% of the world’s land, or 5.8 million square miles, is covered in glacial ice. Most of these glaciers were formed in the last ice age, with the largest ones forming in Antarctica, followed by Alaska. However, years of unprecedented global warming have caused glaciers to start melting at a faster-than-usual rate. Experts estimate that if global warming continues at current rates, the world will lose a whopping 68% of its ice glaciers by the year 2100. In the meantime, melting glaciers are uncovering terrain hidden for thousands of years, revealing ancient artifacts, mineral deposits and even potentially dangerous…

ThursdayApr 06, 2023 3:39 pm

Estimates Indicate $900B Sufficient to Wean India Off Coal

A recent report from environmental policy group iFOREST indicated that India will need $900 billion to wean itself off coal. The New-Delhi based group released two reports predicting the amount of money India would need to support its transition from coal and other dirty fuels to clean and renewable energy. These estimates also accounted for the cost of creating new jobs for individuals who are currently working at centers that use fossil fuels such as coal and oil. Transitioning from coal and other polluting energy sources is integral to reducing greenhouse gas emissions and combating climate change. However, fossil fuels…

ThursdayApr 06, 2023 9:45 am

Eloro Resources Ltd. (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM) Releases Promising Update on Iska Iska Project at Metals Investor Forum

Eloro Resources released updates on Iska Iska project at Metals Investor Forum held in Toronto on March 3-4, 2023 Iska Iska is a major silver-tin polymetallic porphyry-epithermal complex located in southern Bolivia Drilling revealed significant breccia pipe containing extensive silver polymetallic mineralization and a high-grade gold-bismuth zone in the underground workings Eloro recently acquired Mina Casiterita and Mina Hoyada properties, geological mapping, sampling, and geophysical surveys in progress, drilling planned in Q1-2023 Dr. Bill Pearson, Executive Vice President of Exploration for Eloro Resources (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM) recently revealed promising drilling results from the company’s Iska Iska project…

ThursdayApr 06, 2023 9:00 am

McEwen Mining Inc.’s (NYSE: MUX) (TSX: MUX) McEwen Copper Advancing Los Azules Project amid Copper Supply Bottlenecks and Growing Demand

McEwen Mining is an asset-rich diversified gold and silver producer in the Americas with significant exposure to copper through its 51.9%-owned McEwen Copper McEwen Copper holds 100% interest in the Los Azules Project in Argentina, which has been shown to have many attributes comparable to world-class copper-gold deposits in South America The subsidiary is advancing the Los Azules Project and has been undertaking infill and step-out exploration drilling McEwen Copper’s focus comes at a time when the world is staring at copper deficits driven by constrained supply amid political instability in top copper-producing countries and increased demand Copper, a base…

WednesdayApr 05, 2023 1:56 pm

Two New Yorkers Found with 61 Gold Bars at Brazilian Airport Show Complexity of Illegal Gold Trade

An American duo was recently caught trying to smuggle dozens of gold bars out of a city on the edge of the Amazonian rainforest. Brazilian authorities have stepped up efforts to curtail Illegal gold mining in the Amazon because the illegal mining activities have increasingly caused humanitarian disasters. The Amazon rainforest is currently host to thousands of illegal gold miners, which has significantly increased gun violence in the region and pushed away local game, resulting in starvation among indigenous communities that live within the forest. In addition, experts estimate that illegal gold from the Amazon equals one-half of Brazil’s total…

TuesdayApr 04, 2023 2:27 pm

Leading Copper Producers Sign MoU on Sustainable Value Chain

Several major international copper producers have signed a memorandum of understanding (MoU) to create a more responsible and sustainable copper value chain. Two leading Chinese copper producers have partnered with Australia-based Broken Hill Proprietary (BHP) to help support the global transition to clean and renewable energy. Copper will play a significant role in the energy transition as it is a key manufacturing component in several renewable energy technologies such as solar, wind, thermal and hydro-energy. It is also used to build electric vehicle motors and batteries due to its superior electrical conductivity, durability, reliability and malleability. The MoUs between BHP,…

MondayApr 03, 2023 1:55 pm

Brazilian Government Clamps Down on Illegal Gold Miners Within Amazon

Authorities in Brazil are stepping up efforts to clamp down on illegal gold mines operating within the Amazon forest. The government has already evicted nearly all illicit gold miners in the Yanomami territory and is expected to eliminate illegal miners in six more reserves in 2023. Leveraging aerial photography and satellite imagery has allowed authorities to destroy 250 mining camps and confiscate 1.2 kilograms of gold and 4,500 liters of fuel. Last year, a report from NGO Instituto Escolhas revealed that total gold production from illegal mining operations in the Amazon was equal to nearly one-half of the gold produced…

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