NewsRoom Articles - Page 94 of 205

WednesdayOct 25, 2023 2:49 pm

IMARC 2023: Providing an in-depth glance into the opportunities of Mongolia’s mining sector

Rich in natural resources, Mongolia has historically attracted significant foreign investment to its mining sector. Producing primarily coal, copper and gold, the mining industry is a crucial aspect of Mongolia’s economy and a significant contributor to its economic growth. With this growth, however, has come a heavy reliance on the mining sector and a range of environmental, social and economic challenges that the country has never had to grapple with. The International Mining and Resources Conference (IMARC), to be held in Sydney from 31 October – 2 November, will see talks from Mongolia’s largest mining companies and associations on the…

WednesdayOct 25, 2023 1:14 pm

China Curbs Graphite Exports, a Move That Could Hamper EV Industry

Last week, the Chinese Ministry of Commerce announced that it would cut graphite exports in a move that has the potential to cripple the global electric vehicle industry. With tensions between China and the United States and its allies rising in recent years, nations such as the U.S. are keen on cutting their reliance on China to limit the Asian country’s leverage in the nascent electric vehicle industry. Battery electric vehicles (BEVs) are powered by lithium-ion batteries and produce zero emissions at the tailpipe, making them a perfect replacement for the internal combustion engine (ICE) cars that currently rule the…

TuesdayOct 24, 2023 2:55 pm

IMARC 2023: How Space is Helping Mining Rise to New Heights

The 2023 International Mining and Resources Conference (IMARC) in Sydney this month is bringing together two seemingly distinct industries, mining and space exploration, to collaborate on innovations that will take both sectors to new horizons. Arvind Ramana, Director of Space Technology Uplift at the Australian Space Agency and a feature panellist at IMARC, believes innovations in space are directly applicable to the mission of accelerating efforts to decarbonise the economy. He highlights the role of space-based technology in detecting and accounting for greenhouse gas emissions, and the importance of space-based sensors in enabling companies and nations to track emissions swiftly and accurately. …

TuesdayOct 24, 2023 2:52 pm

IMARC 2023: World Economic Forum takes the lead on the Global Energy Transition with Exclusive Roundtable

The World Economic Forum (WEF) will bring together political and business leaders at a special forum focusing on the global energy transition, and Australia’s role in it, as part of the International Mining and Resources Conference (IMARC) being held in Sydney from 31 October – 2 November. The event, consisting of an exclusive roundtable and a panel discussion, will explore the challenge of transitioning to renewable energy whilst managing the need for low-cost and reliable power generation. The “Australia Energy Transition Community” roundtable will take place on 1 November for WEF’s mining, energy, finance and public sector members. It will…

TuesdayOct 24, 2023 12:41 pm

Whitehaven to Buy Mitsubishi, BHP Coal Mines at $4.1B

Australian coal operator Whitehaven Coal will purchase two coal mines in Queensland from Mitsubishi and BHP Group, totaling $4.1 billion. BHP Group and Mitsubishi controlled the two mines through an equally owned joint venture and announced the sale after posting a close to 4% drop in iron ore output. The sale occurred at an auction that saw Whitehaven, currently the largest listed miner on the globe, scoop up the Blackwater and Daunia metallurgical coal mines. According to Mitsubishi, the deal was set at $3.2 billion, with the additional $900 million being paid over a three-year period under specific conditions. UBS…

TuesdayOct 24, 2023 9:00 am

Prospera Energy Inc. (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B) Provides Update on Drill Program; Announces Low-Dilutive Capital Raise

Prospera Energy recently provided an update on the second phase of the company’s restructuring plan With its initial five horizontal wells and incremental crude production tracking ahead of expectations, Prospera have announced plans to continue their second phase beyond its initially mooted ten well program The company has now announced that it will proceed with a low dilutive capital raise of $3 million, with proceeds destined to fund the exploration company’s ongoing capex Prospera Energy (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B), a public oil and gas exploration, exploitation and development company focusing on conventional oil and gas reservoirs in Western…

MondayOct 23, 2023 12:57 pm

Could Legacy Coal Have a Clean Future?

Coal’s contribution to human industrialization cannot be understated; the fossil fuel acted as a relatively efficient source of power during the Industrial Revolution, making it possible to convert iron ore into iron cheaply. This affordable iron was key to the development of infrastructure, such as the Ironbridge Gorge Bridge, and provided raw materials for the machinery used in industrial-age factories. However, despite coal’s role in humanity’s development, the fuel is a major carbon emitter and has played a major role in global warming. Most countries worldwide have now pledged to transition from dirty fossil fuels such as coal to renewable…

MondayOct 23, 2023 11:15 am

Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) Reports Positive Initial Assays from Brazilian REE Drill Project

Canadian mineral explorer Appia Rare Earths & Uranium is working to develop sources for rare earth elements (“REEs”) vital to modern computer technologies, spanning sites in Canada and Brazil The company’s 17,551-hectare (43,369.5 acres, or 67.8 square miles) PCH Ionic Clay Project in Brazil has completed assay work on the initial 17 drill holes in the “Target IV” section of the project, finding REE mineralization in all of them to a depth of 13 meters With 147 holes drilled at the Brazilian site, Appia is optimistic that the high-grade values observed near the surface could lead to a mining and…

FridayOct 20, 2023 3:35 pm

Japan Revives Human Waste Use as International Fertilizer Prices Soar

With global fertilizer costs soaring to historic highs in recent years, the Japanese government is considering using recycled human waste as an alternative to conventional fertilizers. The ongoing Russia-Ukraine war has had massive global repercussions, including a severe fertilizer shortage, which has caused international fertilizer prices to spike. In 2021 alone, Russia exported a whopping 11.8 metric million tons of muriate of potash (MOP); 7 million metric tons of urea; 5.93 million metric tons of nitrogen, phosphorus, and potassium fertilizers; and 4.32 million metric tons of ammonium nitrate. Russia and Ukraine together provide around 28% of the world’s potassium phosphorus,…

FridayOct 20, 2023 10:30 am

Prospera Energy Inc. (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B) Increases Output as Canadian Oil Production Hits Record High

International Energy Agency (“IEA”) forecasts record oil production in Canada, global demand and prices expected to rise as Russia and Saudi Arabia cut production Prospera Energy operates 42,000+ cumulative acres, estimates approximately 8% of over half a billion available barrels was recovered using traditional vertical well technology The company completed Phase 1 of restructuring plan, production expanded from 80 to 1,200 BOE and NPV increased from $3 million to $72 million Phase 2 focuses on horizontal well transformation, piloting an enhanced oil recovery application, executing liability management objectives, and furthering ESG initiatives The company recently completed four horizontal wells of…

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