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Home2023February

Month: February 2023

Aljazeera International

Pakistan says it agrees to IMF terms on release of $1.1bn payout

February 10, 2023 Mariel Alumit

Islamabad, Pakistan – Pakistan says it has agreed with the International Monetary Fund (IMF) on conditions to release about $1.1bn in financial aid critical to escape an economic collapse. As an IMF team left cash-strapped […]

ENB Daily Standup

Daily Energy Standup Episode #58 – Who blew up Nord Stream? Coal and natural gas will account for 95% of the retiring energy plants, US looks to Asia for long-term contracts.

February 10, 2023 Andy Del Prado

It is Friday; the guys are ready for the weekend after a wild news week. Did the US blow up the Nord Stream pipeline? – Well, Joe said he would “Take care of it” – […]

Barrick Gold
Finance

Barrick’s gold reserves grow to 78 million oz. in 2022

February 9, 2023 Mariel Alumit

​Barrick Gold (TSX: ABX; NYSE: GOLD) grew attributable proven and probable gold reserves by 6.7 million oz. (net of depletion) in 2022. Using a $1,300/oz. price, reserves now stand at 76 million oz. of gold. […]

Copper
Rare Earth Minerals

CHART: Copper exploration budgets jump, but major discoveries elusive

February 9, 2023 Mariel Alumit

According to a report by S&P Global Market Intelligence, copper exploration’s total budgets increased 21% to just shy of $2.8 billion in 2022, the highest level since 2014. The increase was driven by a strong […]

DeepRock
Rare Earth Minerals

DeepRock Minerals options mineral claims near Sigma Lithium in Brazil

February 9, 2023 Mariel Alumit

​DeepRock Minerals (CSE: DEEP) has entered into an option agreement with two Brazilian companies to acquire a 100% interest in the Esperança lithium property, comprising about 2,970 hectares of mineral claims located in Brazil’s Minas […]

Rare Earth Minerals

Frontier Lithium stock jumps as new drill results confirm extended size of Spark deposit

February 9, 2023 Mariel Alumit

​Frontier Lithium (TSXV: FL) saw a significant jump in share price on Thursday following the release of additional drill results from the Spark pegmatite, part of the company’s 100% owned PAK lithium project in Ontario. […]

Rare Earth Minerals

Trafigura faces $577 million loss on alleged nickel fraud

February 9, 2023 Mariel Alumit

​Commodities trader Trafigura Group will take an almost half a billion dollars charge in first half of 2023, after discovering that some nickel cargoes it bought didn’t contain the metal they were supposed to. The Geneva-based company […]

ESG
Alternative Investments

Rescuing ESG from the Culture Wars

February 9, 2023 Mariel Alumit

In the past year, ESG investing has become caught up in America’s culture wars, as prominent GOP politicians claim that it is a mechanism investors are using to impose a “woke” ideology on companies. Former […]

Equinor
Earnings

While contributing to Europe’s energy security, Equinor rakes in all-time high profits

February 9, 2023 Mariel Alumit

Home Fossil Energy While contributing to Europe’s energy security, Equinor rakes in all-time high profits Equinor has more than doubled its annual profit in 2022, setting a new record driven by higher energy prices and growing demand. […]

Offshore

Onshore cable installation done for Viking Link

February 9, 2023 Mariel Alumit

Prysmian has completed the installation of the UK land cable section for the 1.4 GW Viking Link interconnector between the UK and Denmark. Source: Prysmian The team completed the installation of the 135-kilometer cable section […]

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