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Home2023February

Month: February 2023

Adani
International News

Banks pocket $12 million in fees in Adani’s mega share sale

February 2, 2023 Mariel Alumit

The fees are equivalent to around 0.5 per cent of the 200 billion rupees raised in Adani Enterprises Ltd.’s offering, said the people, who asked not to be identified as the information is private. Investment […]

Big Oil Companies

Daily Energy Standup Episode #53 -BP says renewables are not profitable – NATO wants EV tanks – Scotland has a wind pollution problem

February 2, 2023 Andy Del Prado

BP says renewables are not profitable – NATO wants EV tanks – Scotland has a wind pollution problem. What a day. The key takeaway is that there is a trend from global investors to demand […]

Rare Earth Minerals

Copper price falls as China’s reopening boost loses power

February 1, 2023 Mariel Alumit

​The copper price retreated on Wednesday as weak demand offsetted speculative bets that the end of China’s Covid Zero policy will reignite growth. Copper for delivery in March fell on the Comex market in New […]

Lithium
Rare Earth Minerals

American Lithium estimates almost $600m in annual cash flow for Tonopah 

February 1, 2023 Mariel Alumit

​Analysts say American Lithium‘s (TSXV: LI; NASDAQ: AMLI) Tonopah project in Nevada could run at world-beating costs based on a new study including the sale of by-product magnesium. The operating cost of the Tonopah Lithium […]

Camino
Rare Earth Minerals

Camino to partner with Japan’s Nittetsu at Los Chapitos copper project in Peru

February 1, 2023 Mariel Alumit

​Camino Corp. (TSXV: COR) has signed a letter of intent to partner with Japan’s Nittetsu Mining Co. at its Los Chapitos copper exploration project in Peru. Nittetsu currently operates the Atacama Kozan copper mine located […]

BP’s CEO Plays Down Renewables Push as Returns Lag
Big Oil Companies

BP’s CEO Plays Down Renewables Push as Returns Lag – Translation: “Investors Expect Returns and Renewables Are Not Profitable”

February 1, 2023 Mariel Alumit

LONDON—BP PLC BP 0.58%increase; green up pointing triangle Chief Executive Bernard Looney plans to dial back elements of the oil giant’s high-profile push into renewable energy, according to people familiar with recent discussions. Mr. Looney has said he is disappointed in the […]

Canada
Rare Earth Minerals

VRIC 2023: Canada’s resource economy at a critical crossroads, former premiers say

February 1, 2023 Mariel Alumit

​Concern is growing over the federal government’s seeming inability to leverage Canada’s vast natural resource endowment as it navigates the uncertain global geopolitical and economic landscape, an industry event in Vancouver heard this week. Besides examining […]

Biden
Climate Crisis

Biden Says Global Warming Is ‘Most Existential Threat To Humanity’ In History, More Dangerous Than Nuclear War

February 1, 2023 Mariel Alumit

President Joe Biden spoke with a group of Manhattan donors about the possibility of nuclear war Tuesday. Biden called global warming “the single most existential threat to humanity we have ever faced, including nuclear weapons,” […]

Rare Earth Minerals

Naskapi Nation, Iron Ore Company of Canada sign socio-economic “Aganow” agreement

February 1, 2023 Mariel Alumit

​The Naskapi Nation of Kawawachikamach and Rio Tinto subsidiary Iron Ore Company of Canada (IOC) have signed an agreement to establish a mutually beneficial relationship based on dialogue, collaboration and trust between the company and […]

Critical Minerals

MMG shuts Las Bambas copper mine due to protests

February 1, 2023 Mariel Alumit

​China-backed miner MMG Ltd has placed its vast Las Bambas copper mine in Peru, the world’s second largest producing nation of the metal, on care and maintenance due to ongoing community unrest triggered by the destitution […]

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