NewsRoom Articles - Page 97 of 181

MondayMar 06, 2023 1:53 pm

Indonesia Charts Own Path to Dominate Nickel Supply

Indonesia has been a major player in the global mining industry for quite a while. Since 2006, mining has contributed to an increasingly larger share of Indonesia’s GDP, thanks to significant exports of copper, coal, nickel, gold, bauxite and tin. Indonesia accounted for close to 20% of global nickel exports before its government imposed a ban on the sale of unprocessed nickel ore. In 2021, however, the country was responsible for 37% of the world’s total production of nickel and earned $20.9 billion from the export of nickel-based products. The ban on nickel ore exports was preceded by strong nationalistic…

MondayMar 06, 2023 9:00 am

McEwen Mining Inc.’s (NYSE: MUX) (TSX: MUX) Commitment to Electrifying Transport Receives Boost Following Subsidiary’s Closure of ARS $30 Billion Investment by Automotive Multinational Stellantis

McEwen Mining is an asset-rich diversified gold and silver producer in North and South America and has a large exposure to copper through its subsidiary, McEwen Copper McEwen Copper recently closed an investment by FCA Argentina S.A., a subsidiary of multinational automotive juggernaut Stellantis Valued at about USD 152.149 million, at the current official exchange rate of 0.0051 ARS/USD, the investment will help McEwen Copper advance the development of its 100% owned Los Azules copper project in Argentina McEwen Copper hopes to electrify and decarbonize mobility by quenching the growing demand for copper within the electric vehicle industry; thus, earning…

FridayMar 03, 2023 11:41 am

Report Highlights That China Accelerated New Coal Plant Approvals Last Year

A recently released report from the Center for Research on Energy and Clean Air (CREA) and Global Energy Monitor (GEM) has revealed that despite global efforts to decarbonize, China is moving forward with coal energy. The report shows that China is quickly approving and erecting new coal-fired power plants amid a global climate-change crisis and in spite of the country’s own promises to step away from coal. China approved an average of two new coal-fired power plants per week in 2022, undermining the country’s coal promises and underscoring its increasing reliance on coal for energy generation. GEM research analyst Flora…

FridayMar 03, 2023 11:15 am

Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) to Present at PDAC 2023, the World’s Premier Mineral Exploration and Mining Conference in Toronto, Canada

The PDAC convention has grown since 1932, becoming the choice event for the world’s mineral industry, hosting more than 1,100 exhibitors and 2,500 investors Ucore’s presentation will focus on its RapidSX(TM) technology which provides a North American opportunity in the REE industry, removing dependency from China’s current industry domination Ucore is currently working on near-term and long-term processing facilities in Canada, Alaska, and Louisiana Registration for the world’s premier mineral exploration and mining convention, PDAC 2023, is currently open for attendees. The convention is known for attracting up to 30,000 attendees from over 130 countries, providing educational programming, network events,…

ThursdayMar 02, 2023 12:07 pm

How to Visually Look for Plant Nutrient Deficiencies

Cultivating healthy plants can be quite a delicate art as they need just the right amount of nutrients to thrive. Any more or any less than the plant needs and their growth will be affected, resulting in a lower-than-expected yield. Fortunately, most plants will show physical signs of nutrient deficiency if they aren’t getting the right balance of nutrients in the correct frequency. Plants require both macronutrients and micronutrients for healthy growth. Macronutrients include phosphorous, nitrogen, sulfur, calcium and potassium while micronutrients include boron, zinc, copper and chlorine. If your plants aren’t getting enough of either micro or macronutrients, their…

WednesdayMar 01, 2023 12:17 pm

Accidents in China’s Coal Mines Increase as Country Pushes for Higher Production

Over the last year, the number of accidents occurring at mines in China has increased considerably. Statistics from the government show that last week, at least 6 individuals lost their lives while 47 others remain missing days after an open pit mine in the northern region of Inner Mongolia in China collapsed. Inner Mongolia is the second largest coal producer in all of China’s 23 provinces. The incident comes after the National Mine Safety Administration released data showing that the number of mine accidents coincides with the country’s push to increase production of coal. China, which is the biggest consumer…

TuesdayFeb 28, 2023 1:10 pm

Analysts Expect Gold to Hold Steady Amid Economic Uncertainty

Economic conditions across the globe have stagnated in the last few years amid a worldwide pandemic and the war in Ukraine, which caused energy prices to soar to never-seen-before highs. With most countries contending with increased prices and high costs of living, the world is firmly in the grip of inflation. It is during times like these that safe haven assets such as gold see an uptick in demand. Since gold doesn’t depreciate in value regardless of economic conditions, investors have turned to the precious metal during times of economic upheaval to protect their wealth and preserve the value of…

MondayFeb 27, 2023 1:55 pm

Barrick Gold CEO Says Inflation Affecting Miners’ Bottom Lines

A top executive from Barrick Gold has revealed that inflation will not be going anywhere anytime soon. Even though plenty of pundits expect that inflation will begin to reduce in 2023 as central banks increase borrowing costs, CEO Mark Bristow says that he doesn’t see inflation reducing much this year. Furthermore, the exec noted that inflation would keep hindering the mining industry for a while, as increased costs would place a heavy burden on miners’ bottom lines. During an interview with Bloomberg, Bristow stated that inflation definitely wasn’t over and noted that no one was currently doing anything to put…

MondayFeb 27, 2023 11:15 am

McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Lays Groundwork to Capitalize on Opportunities in the Copper Industry Through Subsidiary McEwen Copper

Copper is well known for its growing demand in many industries, including renewable energy sources required for net-zero carbon emission goals implemented by over 70 countries The copper market is now expected to reach $446.7 billion by 2030, growing from $291.1 billion in 2021 McEwen Mining is a 68% shareholder in McEwen Copper’s Los Azules project, giving it 100% interest in what could soon become the world’s next copper unicorn More than 70 countries worldwide, including the United States, China, and the European Union, have set goals to reach net-zero carbon emissions – with promises of cutting current emissions in…

FridayFeb 24, 2023 11:18 am

Coal Market Outlook Dampens as Prices in China Drop to Lowest Levels in a Year

Earlier this week, the price of thermal coal in China fell to their lowest levels in a year. Traders and analysts believe that this is because production from mines in the country is recovering faster than the demand for thermal coal. Rising inventories in China are limiting imports and, in turn, putting pressure on the global price of the fuel. Slow recovery in the consumption of coal in China, which is the biggest consumer of coal globally, also indicates a moderate rebound in growth and power consumption. Analysts predict that the demand for coal in China will grow 2% in…

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