Rio Tinto funds initial underground development at Kennecott copper ops

Rio Tinto funds initial underground development at Kennecott copper ops

2022-09-27 Rio Tinto has approved a $55 million investment in development capital to start underground mining and expand production at its Kennecott copper operations in Utah, USA. Underground mining will initially focus on an area known as the Lower Commercial Skarn (LCS), which will deliver a total of around 30,000 t of additional high-quality mined […]

Coal miners face financing squeeze as more banks pledge to ‘go green’ – Companies

Coal miners face financing squeeze as more banks pledge to ‘go green’ – Companies

2022-09-19 Coal power and mining firms in Indonesia are finding it tougher to raise funds due to climate-crisis concerns and are being increasingly pushed by banks to present concrete-transition plans to shift away from dirty energy. To date, over 100 globally significant asset managers and owners with assets under management (AUM) greater than US$50 billion, […]

Jaxon Appoints Karim Rayani as Strategic Advisor and Grants Stock Options

Jaxon Appoints Karim Rayani as Strategic Advisor and Grants Stock Options

September 15, 2022, Vancouver, Canada – Jaxon Mining Inc. (“Jaxon” or the “Company”) (TSX.V: JAX, FSE:0U31, OTC: JXMNF) is pleased to announce the appointment of Mr. Karim Rayani as a Strategic Advisor and Arranger to the Company. For the past 18 years, Mr. Rayani has been focused on financing both international and domestic mineral exploration […]

Canada can make mining, manufacturing part of a green energy future

Canada can make mining, manufacturing part of a green energy future

2022-08 The passage of the Inflation Reduction Act in the United States last week could be one of the most significant pieces of legislation the Americans have passed related to Canadian manufacturing and mining in decades. One of the provisions in the extensive bill introduces big tax credits for electric vehicles – but with the […]

Fresh projects are needed for mining to meet demand

Fresh projects are needed for mining to meet demand

2022-08-18 Times are good for the mining sector, but more exploration and mine development is vital if it is to keep up with future demand – for battery minerals in particular. With the focus now on minerals that can build a low-carbon future, Ralf Hennecke, Managing Director of Omnia Group company BME, has emphasized a […]

Gold price seen rising above $2,000 on inflation, mining veteran says

Gold price seen rising above ,000 on inflation, mining veteran says

2022-08-18 Minutes from the Fed’s last meeting in July released on Wednesday showed that officials saw the need to eventually dial back the pace of rate increases. The participants also warned against over-tightening that could hurt the economy, while flagging the risk of inflation pressures becoming entrenched. Gold has dropped just 4% in 2022 even as […]

Gold price could rebound when Fed pivots

Gold price could rebound when Fed pivots

2022-08-16 Gold has dropped about 14% from a near all-time high in March as gains driven by the initial shock of the outbreak of war in Ukraine were undone by the dollar’s ascent to a record and the Fed’s move to raise rates to quell inflation. At the same time, the US central bank has […]