NewsRoom Articles - Page 97 of 188

ThursdayMay 04, 2023 1:40 pm

Analysis Shows Drop Demand for Coal, Natural Gas in the EU

A think-tank based in the United Kingdom recently conducted an analysis which revealed that countries in the EU are using less natural gas and coal to generate power in comparison to previous years. This is despite the current energy crisis brought on by Ukraine’s invasion by Russia. Ember’s analysis revealed that between October 2022 and March 2023, coal-powered generation in the European Union reduced by 27 TWh. The firm reported that the worst impacts of the energy crisis had been avoided thanks to a decrease in electricity demand, an increase in renewable energy use and a mild winter. Total consumption…

WednesdayMay 03, 2023 12:09 pm

Research Shows Ancient Romans Missed Huge Silver Deposit in Germany

A new archaeological study has found that Romans in 47 AD had tried to exploit a rich deposit of silver located in western Germany. The study, conducted by the Department of Archaeology and History of the Roman Provinces at Goethe University, found a military camp in the area that looks like what the historian, Tacitus, wrote about nearly two millennia ago. The researchers used geomagnetic prospecting for their study, which found an eight-hectare military camp with roughly 40 wooden towers. It is estimated that about 3,000 soldiers were stationed in the camp. In his writing, Tacitus described how under Governor…

TuesdayMay 02, 2023 1:34 pm

Coal Use in Ukraine Increases as War with Russia Continues

Coal reserves in Ukraine are estimated at 60 billion tons, with 23 billion being proven and probable while 10 billion tons can be extracted for economic uses. According to the country’s mining trade union, an organization that advocates for the rights of employees working in the coal industry, this fuel makes up 95% of its domestic energy resources. Up until recently, Ukraine was the third biggest producer of coal in Europe. From the time Russia invaded the country, the use of coal has taken on a more significant role as the war rages on given how other energy sources have…

TuesdayMay 02, 2023 9:00 am

Reflex Advanced Materials Corp. (CSE: RFLX) (OTCQB: RFLXF) Aims to Meet Surging Graphite Demand Amid Global Electrification Push

Global governments pushing for the electrification of homes, businesses, and transportation networks Graphite conducts electricity efficiently, used in battery electrodes, motors, generators, and as lubricant in the manufacture of switches and circuit breakers RFLXF owns the option to acquire 100% interest in the Ruby Graphite project in Montana, USA RFLXF’s project portfolio includes the ZigZag Lithium Property in Ontario and the Ruby Graphite Project in Montana Drilling for the Ruby Graphite Project expected to commence Summer 2023 In late 2022, the White House unveiled its New Innovation Agenda with plans to electrify homes, businesses, and transportation networks (https://ibn.fm/iJlBy). The EU…

MondayMay 01, 2023 2:53 pm

Market Outlook for Silver Improves as Supply Deficit Grows

Similar to gold, silver has been performing well this year, recently reaching a new highest price. This last month, the prices of the metal have increased by almost 20%, surpassing other precious metals like palladium, platinum and even gold. The metal’s boost comes as the value of the U.S. dollar struggles, having declined by over 9% since September 2022. It is expected that silver will continue on its present trajectory until the year’s end, assuming the Fed slashes interest rates. Silver inflation-fueled rally has many people hopeful that the metal may finally pass its highest price of $30/ounce, last recorded…

MondayMay 01, 2023 10:30 am

Eloro Resources Ltd.’s (TSX: ELO) (OTCQX: ELRRF) (FSE: P2QM) Bill Pearson Provides Market with Corporate Update

“We have the potential for two world-class deposits." Eloro Resources Executive VP of Exploration, Bill Pearson was recently featured on a corporate update carried out by Focus Communication Pearson updated investors on the company’s ongoing exploratory drill work within their flagship Iska Iska project as well as their adjoining Casiterita property With over 85,000 metres of drilling carried out in Iska Iska between September 2020 and November 2022, Eloro’s recent findings have suggested that the potential resources within the Santa Barbara area of the Iska Iska deposit are significantly greater than anticipated Going forward, the company expects to publish their…

FridayApr 28, 2023 2:15 pm

Price of Gold Rises as Softer Economic Data Released

Last week, the price of gold reached $2,000 after data in the United States signified the economic toll of the Fed’s hikes in interest rates. The price of spot gold rose by 0.4% to reach $2,002.21 per ounce after a two-week low, which saw the metal’s price reach $1,969.10 an ounce in the last session. In an interview, chief market strategist at Blue Line Futures Phillip Streible stated that a lot of stop losses were triggered once the precious metal breached the $2,000 mark. U.S. gold futures also climbed 0.4% to reach $2,014.60 an ounce. This recent data shows that…

ThursdayApr 27, 2023 2:34 pm

Miners in Peru Extract Gold Without Mercury to Clean Up the Industry

Gold miners in Peru have been using a new technique to extract gold, in an effort to clean up the sector. Pure Earth, an organization that pioneers evidence-based solutions to mercury and lead exposure, trained the miners in this method. The new method involves adding water to a mixture of sand, gold and dirt then shaking a table to separate the gold without using mercury. This new method will decrease the environmental and health risks associated with mining. Artisanal miner Faustino Orosco and his fellow workers at the Fátima mining concession are set to become the pioneer miners in the…

WednesdayApr 26, 2023 11:16 am

Al Jazeera Investigation Shows How Gold Smuggling Works

Switzerland is the biggest exporter of gold globally, followed closely by the United Arab Emirates, the United Kingdom and the United States. Switzerland imports refined and branded gold from other countries before exporting it to other nations where jewelry and other accessories are made. The precious metal’s trade model is, however, easily infiltrated by money launderers and smugglers who use it to sell gold from suspicious sources and launder funds. This was clearly seen in the recent investigation done by Al Jazeera’s I-Unit dubbed the Gold Mafia, which aired in four parts. The investigative unit had undercover journalists pretend to…

WednesdayApr 26, 2023 9:45 am

Reflex Advanced Materials Corp. (CSE: RFLX) (OTCQB: RFLXF) Aims to Revive U.S. Graphite Production as the Country Seeks to Boost Domestic Supply of Critical Minerals

Lithium-ion batteries power modern technologies, but another critical element is required to build them – graphite, the battery’s single largest component, the production of which is mainly controlled by China Currently, no significant production of lithium-ion battery anode material exists in North America; resuming domestic graphite production emerges as critical in reducing reliance on foreign supply and increasing energy self-sufficiency amid growing international geopolitical tensions Reflex Advanced Materials seeks to fill the market gap by reactivating domestic mining operations of flake and vein graphite; with direct access to top-notch supply chain partners, it is uniquely positioned in the market as…

MiningNewsWire provides insights and opportunities in the mineral and mining sectors.

Contact us: (512) 354-7000