NewsRoom Articles - Page 89 of 165

WednesdayDec 07, 2022 1:52 pm

Saudi Arabia Plans to Lead in Sustainable Mining

Saudi Arabia aims to become a world leader in the sustainable production of metals and minerals as the world transitions towards the use of clean energy. Saudi Arabia holds 17% of the proven petroleum reserves globally. This is in addition to being a major producer of phosphate fertilizer through its state-owned firm Ma’aden. The kingdom’s government estimates that it holds more than $1 trillion worth of untapped deposits, including gold, zinc, copper, uranium and phosphates. Khalid Al-Mudaifer, the vice minister for mining affairs, ministry of industry and mineral resources, attended the Mines and Money conference that recently took place in…

WednesdayDec 07, 2022 9:45 am

Arizona Metals Corp. (TSX: AMC) (OTCQX: AZMCF) Well Funded to Ramp Up Kay Mine Exploration Program

Arizona Metals commenced Phase 3 expansion drill program at its flagship copper-gold-zinc-silver Kay Mine Project; only 3% of the prospectively mineralized horizon has been drill tested and this Phase of drilling will focus on making new discoveries Surrounded by high-grade historic past-producing VMS mines, Kay Mine also boasts potential for scale; the mine was practically abandoned for 40 years until Arizona Metals acquired it in 2019 With $58 million in cash, company appears well funded to execute on its plans to spend $32 million on the Kay Mine Phase 3 exploration program over the next 12 to 18 months Arizona…

TuesdayDec 06, 2022 1:42 pm

Electrokinetic Mining Enables Greener Extraction of Rare Earths

As beneficial as mining has been to the development of human civilization, the impact it has had on the environment is devastating. Mineral extraction over the centuries has at times contributed to the contamination of local streams and wetlands, deforestation, soil erosion, contamination and alteration. The global mining industry is estimated to produce roughly 4% to 7% of the worldwide greenhouse gas emissions. With the environmental impacts of industries such as mining becoming clearer by the day, there has been increased interest in mining processes that consume less energy and have a smaller environmental impact. Researchers from the Guangzhou Institute…

MondayDec 05, 2022 1:05 pm

Renewable Energy Exceeds Nuclear Energy, Coal Production in 2022

The United States, much like several other Western nations, is keen on cutting its carbon emissions as part of worldwide efforts to tackle climate change and global warming. These green-energy plans generally involve replacing fossil fuel energy sources such as coal and oil, which generate significant amounts of greenhouse gases with cleaner, renewable energy sources such as solar and wind. Given the country's reliance on energy sources such as coal and nuclear energy, a mass transition to clean energy will undoubtedly be a herculean task. Eliminating fossil fuels from the U.S. energy mix will call for significant investment and will…

FridayDec 02, 2022 12:11 pm

Gold Coin Draws Attention to Long-Forgotten Roman Emperor

Analysis of a gold coin that portrays a long-forgotten Roman emperor and that was long considered a fake seems to indicate that the coin is authentic. Little is known about Sponsian, a possible Roman military commander or emperor who may have been active in the province of Dacia during the Crisis of the Third Century. This was a period of significant upheaval during which the Roman Empire almost collapsed due to civil war, plague, economic depression and repeated invasions. Although none of the unearthed ancient documents mention Sponsian, historians theorized his existence from coins bearing his name that were discovered…

ThursdayDec 01, 2022 2:52 pm

Smelting Capacity Proves Insufficient as Copper Mining Increases

Copper miners are increasing the output at their mines after years of lukewarm performance, but they may not be able to make a meaningful dent in the supply crunch. Years of underinvestment in new copper mines have resulted in a massive shortfall of copper stockpiles and threatened the transition to clean energy. Even though miners are now stepping up their production efforts, copper smelters simply may not be able to keep up with the influx of new copper ore. Smelters play an integral role in the copper supply chain, turning copper ore from miners into copper metal that can be…

WednesdayNov 30, 2022 1:14 pm

Could Rising Uranium Prices Be Affecting Nuclear Energy Plant Profitability?

According to data from HANetf’s Sprott Uranium Miners, uranium has been one of the best-performing asset classes of 2022, with October being an especially good month for the metal. The fund revealed that uranium spot prices went up by 24.12% over the year until Oct. 31, going up by 8.32% in October alone while the rest of the commodities market saw a gain of just 1.67%. Uranium, which is the primary fuel for nuclear power reactors, has seen its demand increase in recent years as countries step up their electricity generation efforts to meet surging local demand. With several western…

TuesdayNov 29, 2022 12:45 pm

Eloro Resources Ltd. (TSX.V: ELO) (OTCQX: ELRRF) Carries Out Exploratory Drilling Work at Iska Iska Project; Receives Mention by Brent Cook as Showing ‘Great Potential’

Bolivia’s Potosi region has long been one of the world’s most prolific silver deposits, with continuous mining operations taking place over the past 500 years Eloro Resources possesses a 99% option agreement on the Iska Iska deposit, a major polymetallic epithermal porphyry complex covering over 900 hectares of land Eloro Resources was recently highlighted by renowned mining analyst, Brent Cook during his appearance on the Wall Street Silver podcast Eloro’s Iska Iska project was characterized as a polymetallic mining project possessing great potential due to its size as well as the mining team’s technical nous The discovery of Bolivia’s Potosi…

TuesdayNov 29, 2022 10:50 am

Is Gold a Good Buy at This Moment?

For the longest time, precious metals such as gold and silver have been in demand during economic upheaval as they allow investors to protect their assets from devaluation. However, recent economic developments have made gold less attractive to investors despite a faltering economy that should have significantly increased the demand for the metal. This is mainly because moves by the U.S. Federal Reserve and central banks around the world to arrest inflation by hiking benchmark interest rates increased the opportunity cost of holding gold bullion. Furthermore, the fact that gold pays no interest means that investors would not be able…

MondayNov 28, 2022 10:26 am

Slowing Inflation Positively Influencing Gold Prices

The global economy has struggled over the past couple of years. The coronavirus pandemic was the first major blow, forcing plenty of countries to institute lockdown policies and significantly slowing economic activity. The global economy was a long way from recovering as the pandemic wound down and countries began opening up when Russia invaded Ukraine. Given that both countries are major players in industries such as energy and food production, the Russia-Ukraine war has caused economic conditions around the world to significantly deteriorate. This mix of conditions impacted the prices of gold to go down; traditionally gold prices have acted…

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