NewsRoom Articles - Page 83 of 180

FridayJul 07, 2023 11:31 am

Decommissioned Coal Plants May Help Accelerate Energy Transition

If the world stays true to its green-energy and anticlimate-change agenda, coal use will inevitably die out. Several countries around the world are already taking steps to reduce their coal use in favor of cleaner forms of energy. In the United States alone, 173 coal-fired power plants in 33 states are slated to shut down by 2030 with another 55 plants scheduled to close from 2031 to 2040. However, decommissioned coal power plants may still serve a purpose even if their days of generating power on the grid are over. Since most of these power stations are still tied to…

FridayJul 07, 2023 9:45 am

Reunion Gold Corp. (TSX.V: RGD) (OTCQX: RGDFF) Is ‘One to Watch’

Reunion Gold is a leading gold explorer in South America’s Guiana Shield, a highly prospective and relatively underexplored region. The company’s Oko West Project in Guyana comprises a prospecting license with an area of approximately 44 square kilometers and is 100% held by Reunion through its local subsidiary. Guyana is recognized as a mining-friendly jurisdiction and in 2022 its ranking by the Fraser Institute ranking of mining investment attractivenessd increased to 22nd ranked areas in the world and the top country in south America. The company’s leadership boasts over 225 years of combined experience in the Guiana Shield. On June…

ThursdayJul 06, 2023 3:03 pm

US Announces Sanctions Targeting Wagner Group Gold Operations

The Wagner Group’s failed mutiny is having wide-ranging effects mere days after the military effort was squashed. U.S. authorities have begun imposing sanctions in an effort to disrupt the gold operations in Africa that fund the military organization. These sanctions were previously planned, but U.S. officials had put them on hold temporarily to avoid making the country look like it had joined a side in the struggle between Vladimir Putin of Russia and Wagner Group chief Yevgeny Prigozhin. However, in the wake of Wagner’s unsuccessful advance on Moscow, the Department of Treasury has targeted organizations that fund the group for…

WednesdayJul 05, 2023 2:23 pm

Rio Tinto to Invest in Boosting US Copper Supply

The world has been facing a copper shortage for several years now thanks to surging demand and supply issues. Copper is critical to several important industries and is poised to see even more demand from the small but swiftly growing green energy industry over the next few decades. Experts predict that supply will remain strained for the rest of the year and the situation may not change any time soon if copper miners don’t find ways to boost supply. However, issues such as deteriorating copper ores, increased mining costs and limited investment in mining will make it difficult for miners…

MondayJul 03, 2023 10:52 am

Russian Crisis Concerns Cause Gold to Stabilize Above Quarterly Low

Gold has seen a modest increase in price as more investment flowed into the safe haven metal amid concerns about the political turbulence in Russia. The precious metal has been a safe haven asset for individuals and institutions looking to preserve their wealth during times of political and economic turmoil for centuries now, primarily because it does not lose value. However, despite several years of poor economic conditions, an energy crisis and a cost of living crisis, gold hasn’t performed as well as it could have as higher interest rates drove investors to other assets that earn interest. Recent events…

MondayJul 03, 2023 9:45 am

Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Set to Control North America’s REE Supply Chain Amid Call For Economically and Environmentally Sound Approach

Ford Motor Co. recently announced a $9.2 billion government loan for constructing three battery factories in the U.S. This is seen as a move that seeks to stir the growth of domestic EV battery manufacturing in the country in response to the growing demand for green technologies Ucore recognizes this demand, and through its transformative commercial-ready technology, RapidSX(TM), it looks to satisfy it and take control of the North American REE supply chain The company is well aware of the developments within its industry and is well positioned to take advantage of them and become the undisputed leader in the…

FridayJun 30, 2023 11:10 am

Ivanhoe Founder Warns of ‘Train Wreck’ as Copper Supply Stalls

Ivanhoe Mines founder and executive cochair Robert Friedland has warned of an impending crisis if copper supply can’t keep up with demand. The world has been grappling with a shortage of copper for a couple of years, and experts predict that copper supplies will remain low throughout the year. With the red metal playing a critical role in electrical equipment, construction and industrial machinery, a chronic shortage of copper could spell doom for the global economy, especially as it grapples with an energy crisis, a cost of living crisis and runaway inflation. The recent shortage was exacerbated by increased demand…

ThursdayJun 29, 2023 10:58 am

Asia Sees Thermal Coal’s Price Stumble on the Market

Thermal coal prices in Asia are seeing a decline amid a decrease in liquified natural gas (LNG) prices and reducing demand in Europe. Natural gas prices surged early last year after Russia cut gas supplies to the rest of Europe and left several countries scrambling for other energy sources. With winter approaching and natural gas prices at all-time highs, plenty of European countries were forced to turn back to their coal-fired power plants to shore up power supplies. The result was a spike in coal demand and prices even though most of the EU region had already pledged to move…

ThursdayJun 29, 2023 9:45 am

Eloro Resources Ltd.’s (TSX: ELO) (OTCQX: ELRRF) (FSE: P2QM) Tom Larsen and Bill Pearson Elaborate on Iska Iska Project Potential, Express Belief on Imminent Re-Rating in Company’s Share Price

Eloro Resources CEO, Tom Larsen and Executive Vice President, Bill Pearson recently met with Global Business Reports to discuss the company’s ongoing work at the Iska Iska mine Since beginning exploratory work in September 2020, the company have carried out over 85,000 m and 122 holds of exploratory drilling within the site, uncovering potential resources boasting extremely high grades of precious metal content With the release of the company’s mineral resource estimate now imminent, Larsen and Pearson believe that a re-rating of Eloro Resources’ share price may soon be forthcoming In 1545, Don Diego Gualpa stumbled – literally - across…

WednesdayJun 28, 2023 2:30 pm

The Pros, Cons of Investing in Silver

The demand for silver often increases in times of financial uncertainty, as the metal is regarded as a reliable store of value and a safe-haven asset. Below, we look at the pros as well as cons potential investors should consider before investing in silver. Main advantages of investing in silver You have different options for investment Potential investors who want to invest in silver can choose to buy stock in silver mining companies, purchase physical silver, or buy silver IRAs or silver ETFs, among other options. The metal has more earning potential The price of silver has a history of…

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