NewsRoom Articles - Page 93 of 181

ThursdayApr 06, 2023 3:39 pm

Estimates Indicate $900B Sufficient to Wean India Off Coal

A recent report from environmental policy group iFOREST indicated that India will need $900 billion to wean itself off coal. The New-Delhi based group released two reports predicting the amount of money India would need to support its transition from coal and other dirty fuels to clean and renewable energy. These estimates also accounted for the cost of creating new jobs for individuals who are currently working at centers that use fossil fuels such as coal and oil. Transitioning from coal and other polluting energy sources is integral to reducing greenhouse gas emissions and combating climate change. However, fossil fuels…

ThursdayApr 06, 2023 9:45 am

Eloro Resources Ltd. (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM) Releases Promising Update on Iska Iska Project at Metals Investor Forum

Eloro Resources released updates on Iska Iska project at Metals Investor Forum held in Toronto on March 3-4, 2023 Iska Iska is a major silver-tin polymetallic porphyry-epithermal complex located in southern Bolivia Drilling revealed significant breccia pipe containing extensive silver polymetallic mineralization and a high-grade gold-bismuth zone in the underground workings Eloro recently acquired Mina Casiterita and Mina Hoyada properties, geological mapping, sampling, and geophysical surveys in progress, drilling planned in Q1-2023 Dr. Bill Pearson, Executive Vice President of Exploration for Eloro Resources (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM) recently revealed promising drilling results from the company’s Iska Iska project…

ThursdayApr 06, 2023 9:00 am

McEwen Mining Inc.’s (NYSE: MUX) (TSX: MUX) McEwen Copper Advancing Los Azules Project amid Copper Supply Bottlenecks and Growing Demand

McEwen Mining is an asset-rich diversified gold and silver producer in the Americas with significant exposure to copper through its 51.9%-owned McEwen Copper McEwen Copper holds 100% interest in the Los Azules Project in Argentina, which has been shown to have many attributes comparable to world-class copper-gold deposits in South America The subsidiary is advancing the Los Azules Project and has been undertaking infill and step-out exploration drilling McEwen Copper’s focus comes at a time when the world is staring at copper deficits driven by constrained supply amid political instability in top copper-producing countries and increased demand Copper, a base…

WednesdayApr 05, 2023 1:56 pm

Two New Yorkers Found with 61 Gold Bars at Brazilian Airport Show Complexity of Illegal Gold Trade

An American duo was recently caught trying to smuggle dozens of gold bars out of a city on the edge of the Amazonian rainforest. Brazilian authorities have stepped up efforts to curtail Illegal gold mining in the Amazon because the illegal mining activities have increasingly caused humanitarian disasters. The Amazon rainforest is currently host to thousands of illegal gold miners, which has significantly increased gun violence in the region and pushed away local game, resulting in starvation among indigenous communities that live within the forest. In addition, experts estimate that illegal gold from the Amazon equals one-half of Brazil’s total…

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…

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