NewsRoom Articles - Page 90 of 165

WednesdayNov 23, 2022 10:30 am

BLM Greenlights New Drill Pads at Arizona Metals Corp.’s (TSX: AMC) (OTCQX: AZMCF) Kay Mine Project, Company Readies for 94,000 Meters of Drilling

Arizona is one of the most attractive mining jurisdictions in the world and hands down the biggest producer of copper in the U.S. Arizona Metals’ flagship project, Kay Mine, is surrounded by 60 past producing underground VMS copper-gold-zinc-silver mines 72,000 meters have been drilled to date in Phases 1 and 2 at Kay Mine, to prove historic resource estimates and with CDN$60 million in the bank, Arizona Metals is ready to complete Phase 2 and initiate Phase 3 drilling now that Bureau of Land Management (“BLM”) has approved drill pads Arizona is the United States’ largest producer of copper without…

WednesdayNov 23, 2022 10:25 am

LME Reprieve Sends Russian Firms Scrambling to Sell Metal Stocks

In the wake of Russia’s unprovoked invasion of Ukraine, several Western countries passed a series of sanctions against the Kremlin to weaken its economy and slow down its war effort. The effects of these sanctions, coupled with a general unwillingness among foreign companies to work with Russian companies, led to a slowdown in supply deals for various metals. Russia is a major player in the global mining industry, producing a large chunk of the world’s iron, gold, nickel, diamond, platinum, palladium and platinum. Amid sweeping bans on Russian exports, the London Metal Exchange recently announced that it would not ban…

TuesdayNov 22, 2022 1:15 pm

German Chemical Park Stockpiles Coal to Safeguard Production Continuity

Like several other European Union countries, Germany is turning back to coal to generate power as the winter fast approaches. Before Russia invaded Ukraine, Germany and several other countries across the EU had been working to shut down their coal-fired power plants in favor of greener options such as solar and wind power. However, Germany is now actively working to build its coal stockpiles as the global energy crunch gets worse amid worsening economic conditions and a fast-approaching winter. The Russian-Ukraine war has led to one of the worst energy crises in Europe and the world at large in decades.…

MondayNov 21, 2022 2:42 pm

Nuclear Industry Revives as Interest Grows, But New Mining Projects Aren’t Materializing

Dozens of countries worldwide have pledged to transition away from dirty fuels such as coal and oil as part of global efforts to arrest climate change and global warming. Although solar, wind and geothermal energy are already poised to play a significant role in the green energy transition, nuclear energy hasn’t received as much attention. Over the past couple of decades, many countries that have nuclear power plants have steadily shut down their nuclear reactors amid increasing fears of nuclear accidents and their fallout. However, recent geopolitical events have forced these countries to go back to the drawing board and…

FridayNov 18, 2022 11:28 am

IFAD Warns That Smallholder Farmers Will Be Hit Hardest by Skyrocketing Fertilizer Prices

Over the past year, worsening geopolitical and economic conditions have significantly increased input prices and impacted critical industries such as fertilizer. Fertilizer prices had begun surging by the end of 2021, with farmers in some areas reporting that fertilizer costs were up by more than 300% and delivery was rarely on time. By March 2021, media outlets were reporting that fertilizer prices were at record highs due, in part, to the Russia-Ukraine war and a host of other factors. These high prices have been accompanied by a supply crunch that has pushed fertilizer costs even higher and threatened to cause…

ThursdayNov 17, 2022 1:41 pm

US Plan to Phase Out Coal Receives Mixed Reception at COP27

Like most developed countries, the United States is keen on cutting its carbon emissions by phasing out dirty fuels such as coal and gasoline over the next few decades. Climate change is becoming increasingly apparent, with global warming causing extreme weather events around the world as well as droughts that are expected to cause a major food crisis. However, transitioning from fuels such as coal won’t be cheap; developed countries have spent decades building systems that rely on fossil fuels, and it will take significant investment to develop infrastructure for renewable energy. The U.S. has proposed a controversial plan to…

WednesdayNov 16, 2022 3:26 pm

A Silver Shortage Is Looming as Decarbonization Gathers Steam

A significant chunk of the planet is keen on reducing its carbon footprint by investing in greener, more sustainable energy sources. This move is expected to put significant pressure on metals such as copper, which will undoubtedly be used to build infrastructure for renewable energy, including wind turbines and photovoltaic cells for solar panels. Copper already plays a major role in several industries across the globe, with sectors such as power generation, electronic product manufacturing and building construction cumulatively using more than 20 million tons of copper per year. Another metal that is expected to be in short supply amid…

TuesdayNov 15, 2022 2:49 pm

The Energy Crisis Pushes Poland to Delay Closing Coal Plants

The role fossil fuels such as coal and oil played in human industrialization cannot be understated. These fuels allowed us to finally break free of our energy limitations and develop into a modernized society. However, several countries across the Americas, Asia and Europe have begun efforts to scale down fossil-fuel energy in exchange for more sustainable alternatives. Fossil fuels such as oil and coal may have played a major role in human advancement, but they are also responsible for the existential threat of climate change. Efforts to replace these fuels with alternatives such as solar and wind energy were well…

TuesdayNov 15, 2022 9:45 am

Arizona Metals Corp. (TSX: AMC) (OTCQX: AZMCF) Is ‘One to Watch’

Arizona Metals owns 100% of two copper and gold exploration projects in mining-friendly Arizona Both projects have excellent infrastructure, including roads, available power and water access Only 3% of the prospectively mineralized trend that hosts the high-grade Kay Mine Deposit has been drilled The company had $60 million in cash as of June 30, 2022, to complete Phase 2 and begin Phase 3 drilling at the Kay Mine Arizona Metals (TSX: AMC) (OTCQX: AZMCF) is a mineral exploration company engaged in advancing precious and base metal deposits in the state of Arizona. Its flagship copper-gold-zinc-silver asset is the Kay Mine…

MondayNov 14, 2022 10:49 am

Why Gold Is Unexpectedly Faltering During Inflationary Times

With the cost of living increasing drastically and inflation at an all-time high, assets such as gold that have traditionally acted as stores of value should be in hot demand. Conventional wisdom says that markets should turn to gold at times like this as a hedge against inflation. However, gold has acted contrary to expectations in recent months, faltering amid inflation, an increasingly hawkish stance from the Fed and a surging dollar. Gold prices went down by more than 1.5% in September, trading at as little as $1,643 per ounce and reaching a two-year low. OANDA senior analyst Edward Moya…

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