June 2023 - Page 2 of 4 - MiningNewsWire

ThursdayJun 22, 2023 11:30 am

LME Battles Suit Instituted After 2022 Nickel Trading Chaos

The London Metal Exchange is getting ready to head to court and defend itself more than a year after it temporarily halted nickel trades. In March 2022, the London exchange was forced to stop nickel trading and cancel ongoing trades amid a once-in-a-decade crisis that saw nickel prices surge by 250% in just 24 hours. At the center of the crisis was Xiang Guangda, a Chinese billionaire who runs one of the largest nickel producers in the world: Tsingshan. Shortly after the billionaire took a short position against nickel, Russia, a leader in global nickel production, invaded Ukraine and led…

ThursdayJun 22, 2023 10:56 am

Faraday Copper Corp. (TSX: FDY) (OTCQX: CPPKF) Featured at the 121 Global Online Critical Metals Conference

Faraday Copper (TSX: FDY) (OTCQX: CPPKF) is a Canadian exploration company focused on advancing its flagship asset, the Copper Creek Project in Arizona, U.S. Copper Creek is one of the largest undeveloped copper projects in North America. A Preliminary Economic Assessment, released in May 2023, outlines a combined open pit and bulk underground mine, low initial capital investment and over three billion pounds of copper production during a 32-year mine life. The company is well-funded to deliver on its key milestones and benefits from a management team and board of directors with senior mining company expertise. For more information, visit…

ThursdayJun 22, 2023 9:00 am

Reflex Advanced Materials Corp. (CSE: RFLX) (OTCQB: RFLXF) (FSE: HF2) Seeks to Restore Domestic Supply Chains Amid Expanding Graphite Market

Critical elements including graphite have become not only a necessity for economic prosperity but a national security concern for U.S. policymakers Graphite is key for the energy transition because of its role in the lithium-ion battery production for EVs, but the U.S. currently has no graphite production capacity Reflex Advanced Materials aims to build domestic production and purification of graphite seeking to sell this critical element at a very high price in a very purified form Critical minerals, such as cobalt, lithium, and nickel, have become more than fundamental building blocks for clean energy technologies and electric vehicle (“EV”) batteries;…

WednesdayJun 21, 2023 11:37 am

Technology Helping Search for Better Fertilizers

The development of modern fertilizers revolutionized food production around the world and allowed farmers to produce higher quality food in larger amounts. With the world population experiencing a boom in the early 1900s when fertilizers debuted, their invention played a significant role in supporting the growing population on limited farmland. Calcium nitrate was the first-ever synthetic nitrogen fertilizer, developed in 1903 from nitric acid through the electric arc process. The Haber-Bosch process, developed by Fritz Haber in the early 1900s, allowed scientists to manufacture ammonia and deliver high levels of nitrogen to growing plants. Over the following years, scientists developed…

WednesdayJun 21, 2023 10:30 am

Eloro Resources Ltd. (TSX: ELO) (OTCQX: ELRRF) (FSE: P2QM) Lays out Transformational ESG Program Guidelines

Eloro Resources has recently published its ESG program, the next step on its journey toward creating sustainable long-term value for its shareholders The policy lays out the company’s objectives within the fields of corporate governance, corporate social responsibility and environmental production Eloro Resources has increasingly looked to align its operations with the requirements of its growing stakeholder base The company is set to publish its inaugural ESG report in 2023 Mining companies are increasingly seeking to embed sustainability in the way in which they do business as well as across their corporate strategies. Similarly, Eloro Resources (TSX: ELO) (OTCQX: ELRRF)…

WednesdayJun 21, 2023 9:45 am

Audio Broadcast Details Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Achievements in Sustaining Domestic REE Production

Ucore Rare Metals Inc. is a critical metals process developer intent on establishing North American-based resources for rare earth element (“REE”) production The company has developed its trademarked RapidSX(TM) process for separating REEs from ore deposits, describing it as a faster and more environmentally friendly solution than the industry standard process Ucore regards the establishment of a North American-based supply chain for REEs as a critical need to maintain the industry’s independence from China-dominated sourcing and processing The U.S. Department of Defense recently awarded Ucore $4 million to demonstrate the capabilities of RapidSX(TM) A new NetworkNewsWire (“NNW”) audio broadcast and…

TuesdayJun 20, 2023 12:14 pm

Heat Wave in East Asia Triggers Spike in Coal Use

East Asian nations have cranked up their use of coal in energy generation amid an unexpected heat wave that forced them to increase their energy production. South Korea, Japan, China and Taiwan are expected to increase coal use in their electricity generation as soaring temperatures increase power use by both households and businesses. Asia has experienced record-breaking levels of heat for the past several months, with monitoring stations in Myanmar, Thailand, China, Laos and South Asia reporting record heat levels in April. The region has seen such high temperatures that schools were forced to close and authorities in some regions…

FridayJun 16, 2023 12:47 pm

Data Shows China Continuing Gold Buying Trend

After a year or so of relatively lackluster performance, the gold market surged in 2022 as several countries significantly increased their gold purchases as part of efforts to build up their reserves. By the time 2022 drew to a close, central banks around the world had purchased a whopping 1,136 tons of gold, pumping around $70 billion into the market. China’s central bank was among the largest buyers of gold through 2022 and into 2023, buying nearly one-half of the global gold purchases in 2022 (522 tons) and 244 tons in January and February. Beijing has increased its gold purchases…

FridayJun 16, 2023 9:45 am

Reflex Advanced Materials Corp. (CSE: RFLX) (OTCQB: RFLXF) Set to Capitalize on the Concentrated Natural Graphite Supply Chain

The graphite supply chain is geographically concentrated with nearly 65% of output currently produced in China The U.S. pursued to promote further investment and geographical diversification within the sector, with credits granted to electric vehicles produced with critical minerals that are not supplied by ‘foreign entities of concern’ Reflex Advanced Materials are working towards demonstrating the positive economics of the past producing, Ruby Graphite mine in Montana, USA The company recently revealed that they are in talks with prospective North American customers and are beginning the material qualification programs for end use potential offtake clients down the line A battery’s…

ThursdayJun 15, 2023 12:58 pm

ESG Principles Are Changing the Mining Landscape

The adoption of Environmental, Social and Governance (ESG) principles has increased greatly in the recent years, with more organizations being called to strengthen their commitment to sustainability. Last month, Dean Slocum, founder of Acorn International LLC, and Chris Anderson, a strategic partner at the firm, provided ESG risk management advice for industrial and extractive sectors globally. Acorn International LLC is mainly focused on capacity building, due diligence, environmental and social studies, and stakeholder engagement. Slocum gave the example of the Grasberg operation, explaining that while the mine was operationally successful, societal risks were harder to handle. Grasberg, which has been…

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Month: June 2023