Toronto Stock Exchange (TSX) CEO Lou Eccleston has said that mining firms are likely to lead capital raisings in Canada in the near future. In an interview with Bloomberg TV Canada, Eccleston said that the TSX is seeing a lot of exploration activity, particularly in precious metals and base metals. He noted that many companies…
The aluminum industry has been lobbying the White House to block imports of Russian aluminum into the United States, citing the threat of increased Russian influence and market manipulation in the sector. The lobbying effort, led by aluminum giant Alcoa, is part of a broader U.S. effort to pressure Russia over its military intervention in…
Ero Copper Corp. (TSX: ERO) announced a new record in copper and gold production for its first quarter of 2021. The company reported a production of 16,943 tonnes of copper and 18,143 ounces of gold, up from the 15,536 tonnes of copper and 16,766 ounces of gold in the prior quarter. The increase in production…
Gold plunged to its lowest since April 2020 on Thursday amid expectations of more aggressive interest rate hikes by the Federal Reserve despite a fresh round of mixed data on the US economy. Spot gold dipped 0.4% to $1,688.24 per ounce by 11:50 a.m. ET, having already fallen below the $1,700 mark earlier in the…
The resurgence of copper mining in recent years, particularly in the United States, has been a boon for the industry. The demand for copper is rising as it is increasingly used in renewable energy sources and electric vehicles, and the production of the metal is keeping up. However, the industry is facing a new challenge:…
Rio Tinto has awarded Civmec, an Australian engineering and construction firm, with a contract worth over $228 million (AUD) for work on the Western Range iron ore project in the Pilbara region of Western Australia. The contract covers the construction of process facilities, non-process infrastructure, and associated works. The Western Range project is part of…
Caterpillar Inc., one of the world’s leading manufacturers of construction and mining equipment, is increasingly looking to the energy transition to drive growth in its mining business. The company is expanding its offerings to include low-emission and zero-emission technologies, such as electric vehicles and renewable energy sources. Caterpillar has already committed to investing more into…
Small modular nuclear reactors, such as those developed by Canadian Nuclear Associates (CNA), are an innovative way to generate clean electricity for mining operations. These reactors are designed to be safe, reliable, and cost-effective alternatives to traditional fossil fuel-based power sources. CNA’s reactors are designed to be small, so they can be transported easily and…
Hecla Mining Company, a leading producer of silver and gold, recently reported that its silver reserves have reached the second-highest level in the company’s 130-year history. The company noted that silver production from its mines increased significantly in 2019, with total proven and probable silver reserves reaching over 9 million ounces. In addition to the…
The transition to electric vehicles (EVs) has the potential to revolutionize the way Americans get around, leading to lower emissions and more efficient transportation options. However, the process of transitioning to EVs is not without its challenges. Mining is one of the most significant obstacles in the road to America’s EV future. Mining is necessary…
