NewsRoom Articles - Page 86 of 174

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…

MondayApr 03, 2023 10:30 am

Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Strengthens its Fundamental Corporate Tenet with Key Executive and Management Team Appointments

Ucore announced new additions to its executive and management teams in what the Chairman and CEO, Pat Ryan, believes strengthens and advances the company’s fundamental corporate tenet Geoff Atkins was appointed as Ucore’s Vice President of Business Development, while Jaan Hurditch was appointed as Engineering Director, leading the company’s engineering activities Ucore also bolstered its Advisory Board with the appointment of Dr. Ahmad Hussein, who will also serve as the Government Liaison These appointments come just in time following the commissioning of the demonstration plan in Kingston, Ontario Ucore Rare Metals (TSX.V: UCU) (OTCQX: UURAF), a critical metals (“CM”) separation…

MondayApr 03, 2023 9:45 am

Arizona Metals Corp. (TSX: AMC) (OTCQX: AZMCF) Launches Phase 3 Drill Program at High-Grade VMS Copper-Gold-Zinc-Silver Project

Arizona Metals is focused on its high-grade copper-gold Kay Mine Project in Arizona The company has budgeted $32 million for a Phase 3 exploration program at Kay Mine Project and had an aggregate of $58 million in cash at the end of Q3 2022 The company has recently commenced its latest drill program as it seeks to better understand the mineralization at the 97% of its project that has yet to be drilled Right now, metals across the periodic table are arguably in their best position of the memorable past for future upside. The energy transition is bullish for base,…

FridayMar 31, 2023 2:26 pm

New York Officials Return Rare Artifacts, Including Extraordinary Gold Coin, to Greece

Officials in New York have repatriated millions of dollars’ worth of ancient artifacts, including an incredibly rare gold coin, to Greece via a ceremony at the New York Consulate in New York City. For the longest time, a debate has raged on whether museums holding artifacts that were taken by force or stolen from their homelands should be returned. Many of these artifacts were either taken from locals during colonial rule, looted from their home countries during past wars, or stolen and trafficked to foreign countries. New York officials recently chose to return items worth more than $20 million and…

FridayMar 31, 2023 2:15 pm

Opportunities Amid Global Energy Supply Transition on Display at London’s Mines and Money Connect Convention

Drawing on more than 20 years of experience in connecting investors, mining companies, tech providers, government officials, policymakers, innovators and consultants, this year’s Mines and Money Connect convention will bring a world of mining interests together for two days of activities in London, the heart of economic capital. The metals and minerals mining marketplace is weathering pressures that reach beyond the geologic forces shaping the vital energy-related commodities. Amid concerns about climate change and the impact of humanity’s quest for an ever more nimble global transportation infrastructure, supply-side producers and shippers as well as support-side investment and capitalization interests are…

ThursdayMar 30, 2023 1:40 pm

Evolving Energy Trade Patterns Cause Coal Prices to Decrease

Coal was the primary means of energy generation in numerous countries across the world for decades. It led to the development of technologies such as the steam engine and played a crucial role in the industrialization era. However, research from the mid-1800s forward has revealed that activities such as burning coal are directly tied to increased CO2 concentrations in the atmosphere and climate change. This has led to a shift from dirty energy sources such as coal to clean and renewable energy for several countries as part of global efforts to tackle climate change. Coal prices have suffered as a…

ThursdayMar 30, 2023 10:30 am

Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) CEO Talks About RapidSX(TM), Commercial Plant Timeline in Interview with Goldinvest’s Managing Director at PDAC 2023

Strained Sino-U.S. relations make it more important than ever for North America to explore options for procuring rare earth element (“REE”) and rare earth oxide (“REO”) resources Ucore has positioned itself to fulfill North America's unmet REE, and REO needs through its RapidSX(TM) demonstration plant and future commercial production plants Ucore’s first commercial production plant is already being engineered to ramp up for customers, located in Louisiana, with two additional plants in the pipeline With China's attitude toward developing a healthy, stable, and constructive Sino-U.S. relationship unchanged, it has become imperative for North America to consider options for procuring rare…

ThursdayMar 30, 2023 9:45 am

Arizona Metals Corp. (TSX: AMC) (OTCQX: AZMCF) Poised for Growth as U.S.-Based Mining Becomes Pivotal for Secure Supply of Critical Minerals

The push for developing a secure domestic supply of critical minerals is growing as U.S. dependence on mineral imports and foreign processing is reaching alarming levels Critical minerals are essential for advanced technologies that are the basis for the country's high-tech digital economy and advanced military Arizona Metals boasts a high-grade, historic resource in Arizona – one of the world's most attractive mining jurisdictions A mineral exploration company engaged in advancing precious and base metal deposits, Arizona Metals (TSX: AMC) (OTCQX: AZMCF) is set out to benefit as North American metals projects appear to be experiencing a renaissance as the…

WednesdayMar 29, 2023 1:47 pm

Possible End to Monetary Tightening Lifts Gold Prices

Consistent efforts by the U.S. Federal Reserve to curtail inflation by increasing benchmark interest rates have dampened gold prices for months. Inflation around the globe is at an all-time high, caused by compounding issues such as rising energy and food prices as well as fiscal instability. Interest rates and treasury yields play a critical role in determining gold prices, with even minor changes in interest rates and dollar values causing gold prices to fluctuate. High-interest rates raise the opportunity cost of holding gold bullion, which is nonyielding, and reduces its desirability among investors. The fed recently raised benchmark interest rates…

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