NewsRoom Articles - Page 79 of 159

MondayJan 23, 2023 1:36 pm

Bill Gates Lauds Green Energy Industries in West Virginia

West Virginia is poised to play a major role in green energy after the state lifted a ban on the construction of nuclear power plants last February. As America and the world at large go through one of the most debilitating energy crunches in recent history, states such as West Virginia will allow the nation to make its energy mix greener while reducing reliance on imported energy from countries such as Russia. During a recent visit to West Virginia, Bill Gates noted that the state had a “unique opportunity” to build on its history of energy production and take the…

MondayJan 23, 2023 9:00 am

McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Is ‘One to Watch’

McEwen Mining is an asset rich gold and silver producer with large exposure to copper McEwen Mining CEO Rob McEwen maintains a 17.3% ownership stake in McEwen Mining with a cost base of roughly $220 million McEwen Copper’s Los Azules project is one of the world’s largest and most economically robust underdeveloped copper projects A proposed IPO of McEwen Copper, with its implied market cap of $258 million, could effectively turbocharge the balance sheet of McEwen Mining McEwen Mining (NYSE: MUX) (TSX: MUX) is an asset rich diversified gold and silver producer in the Americas and has a large exposure…

FridayJan 20, 2023 11:15 am

EU Nations Delay Coal Exit as Energy Shortage Deepens

Before 2022, several European countries were planning on scaling down their consumption of coal as part of a global initiative to cut down carbon emissions by investing in cleaner energy. Coal may have played a significant role in human industrialization, but it is also a prolific emitter of carbon dioxide, producing more carbon than all other sources and contributing to a significant portion of air pollution. However, Europe’s plans to phase coal out from its energy mix came to a screeching halt when the Russian army invaded Ukraine in February 2022. As several EU nations criticized the Kremlin’s move to…

ThursdayJan 19, 2023 12:12 pm

Russia Saw 70% Increase in Fertilizer Revenue Following Price Hikes

Shortly after Russia invaded Ukraine, its fertilizer export revenue surged despite a decrease in sales volumes. During the first 10 months of last year, fertilizer exports from Russia soared by 70% to reach $16.7 billion. This is quite an increase, especially when compared to revenue generated in the same period in 2021. Data from an analysis done by the UN Food and Agriculture Organization shows that Russia’s overseas sales dropped by 10% from the same period in 2021. This is mild in comparison to analysts’ predictions that shipments would decline significantly because of the war. While Western sanctions have been…

WednesdayJan 18, 2023 12:00 pm

Future Of Mining Sydney 2023 To Discuss Sustainable Mining Operations in Australia

Mining companies, businesses, suppliers, and professionals are all invited to attend the Future Of Mining Sydney 2023 conference being held on February 20-21st. With the pressure of sustainable mining options and conserving energy growing on mining companies, there is a growing need for new ways to conduct business while keeping profits intact. At the Future of Mining Sydney conference, experts will discuss the challenges and feasible solutions for conducting mining operations in a no-harm, zero-emission sustainable way. Join in for 20+ hours of networking where 350+ mining executives make their presence to discuss and share practical and thought-provoking ideas to…

WednesdayJan 18, 2023 11:43 am

China’s End to Australian Coal Ban Symbolic, Analysts Say

China recently announced its decision to lift its ban on coal imports from Australia, after imposing an unofficial ban on coal trade mid-2020. This will allow its top steel maker and a trio of government-backed utilities to begin importing coal. Before the ban, Australia was the second-largest supplier of coal to the East Asian nation. The ban’s lifting will improve ties between Australia and China, which were strained following Canberra’s request for an investigation into COVID-19’s origins. The request led to China banning imports of wine, barley and lobsters from Australia. Given that market dynamics regionally and globally have significantly…

TuesdayJan 17, 2023 1:22 pm

Price of Copper Increases as China Reopens Border

China reopened its borders earlier this week, causing the price of copper to rise even further. This comes after it released an announcement on new investment in the country that caused an initial increase in the price of the red metal. China’s state media reported that the country’s southern manufacturing hub had more than 1,700 projects worth $945 billion planned for 2023. On the news, copper for delivery in March rose on the Comex market by 3%, to reach $8,866 per ton. The red metal was going for $4.03 a pound. On the London Metal Exchange, three-month copper recorded a…

TuesdayJan 17, 2023 9:45 am

Eloro Resources Ltd. (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM) CEO, Thomas Larsen, Featured in Interview with Commodity TV During the Mines and More Conference

Eloro Resources’ CEO, Thomas Larsen recently attended the Mines and Money London conference as a featured speaker during the event. As part of the forum, Larsen participated in a one-on-one interview with Commodity-TV, during which he elaborated on the prospects of the company’s Bolivian silver – tin polymetallic project, Iska Iska With initial exploratory drilling analysis taking place on the site since September of 2020, Larsen expressed his optimism on the resource metal concentration within the Iska Iska project Eloro will look to publish its inaugural resource estimation by March 2023 prepared by Micon International Eloro Resources Ltd. (TSX.V: ELO)…

FridayJan 13, 2023 11:08 am

Kitco Survey Shows Retail Investors Expect Gold and Silver to Be Top Performers This Year

A new online survey conducted by Kitco shows that most retail investors expect silver and gold to be top performers this year. Silver ended 2022 up by almost 3% while gold finished flat. Spot silver kicked off 2022 at $23.28 an ounce and ended it at $23.93 an ounce, while spot gold opened last year at $1,828 per ounce and ended the year at around $1,822 per ounce. Carsten Fritsch, an analyst at Commerzbank, stated that the price of gold was at the same level it was when 2022 began. Precious metals faced their biggest macro hurdle last year when…

ThursdayJan 12, 2023 1:28 pm

3D Laser Technology Improves Safety in Underground Coal Mining

Advances in automated technology have improved safety in underground coal mining significantly, removing even more miners from possibly dangerous situations. Resources Safety and Health Queensland found that in the last five years, 356 severe incidents occurred in both underground and surface coal mines in Queensland with 10 individuals losing their lives as a result. The advanced technology, called ExScan, was developed by the Commonwealth Scientific & Industrial Research Organization (CSIRO) in collaboration with the Australian Coal Industry’s Research Program, which financed the project. CSIRO is an Australian government agency involved in scientific research. The technology in question uses 3D lasers…

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