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Home2023

Year: 2023

oil
Rare Earth Minerals

Teck’s oil sands exit faces legal challenge

January 3, 2023 Mariel Alumit

​ One of the owners of the Fort Hills oil sands project in Alberta appears to be taking exception to a plan by Teck Resources (TSX:TECK.B) to exit the oil sands business by selling its […]

Copper
Rare Earth Minerals

Copper Mountain Mining’s IT systems seized in malicious malware attack

January 3, 2023 Mariel Alumit

​ Copper Mountain Mining (TSX: CMMC) says it has idled its mill at its mine operations near Princeton, British Columbia and switched operations to manual, following a ransomeware attack. The company said in a news release that […]

Metso
Rare Earth Minerals

Metso Outotec launches Optimus Sinter

January 3, 2023 Mariel Alumit

​ Metso Outotec is launching Optimus Sinter, a digital optimizer for iron ore sintering plants. The new tool facilitates improved sinter plant process performance and stability by holistically optimizing the overall sintering processes. A thermodynamic […]

Queensway
Rare Earth Minerals

New Found Gold increases Queensway drill program to 500K metres

January 3, 2023 Mariel Alumit

​ New Found Gold (TSXV: NFG) has announced the expansion of the exploration program at its 100%-owned Queensway project, located on the Trans-Canada Highway, 15 km west of Gander, Newfoundland. To date, the company has […]

Finance

Recession risks to weigh on precious metals prices, but weaker dollar would help — report

January 3, 2023 Mariel Alumit

​ The ongoing war in Ukraine, continued high inflation and recession concerns will play a pivotal role in the gold, silver and platinum metals markets in 2023, according to Heraeus, the world’s biggest precious metals […]

Artemis
Rare Earth Minerals

Artemis says delayed permits for Blackwater gold project won’t affect construction timeline

January 3, 2023 Mariel Alumit

​ In the latest update on the progress of its Blackwater project in central British Columbia, Artemis Gold (TSXV: ARTG) said on Tuesday that it is expected to finally obtain the BC Mines Act permits for […]

Rare Earth Minerals

Manganese batteries market may face deficit in 2024

January 3, 2023 Mariel Alumit

​ The high-purity manganese market may face a deficit as early as 2024, according to people in the industry heard by MINING.COM. An essential component of the steel-making process, manganese has played an increasing role […]

Copper
Rare Earth Minerals

Copper price down as China’s manufacturing activity contracts

January 3, 2023 Mariel Alumit

​ The copper price fell on Tuesday due to a stronger dollar and deteriorating demand prospects over weak growth in China. Copper for delivery in March fell 0.1% on the Comex market in New York, […]

LNG
Crude Oil News

2022 Will Be Remembered as the Year the U.S. Became the World’s Largest Exporter of Liquified Natural Gas

January 3, 2023 Mariel Alumit

When environmentalists look back on 2022, they might remember it as the year the United States finally passed a major climate change law. Some advocates worry, however, that this significant victory is being undermined by […]

Russia
Crude Oil News

The Oil Market Crisis Sparked By Russia’s Invasion Is Nearing Its End

January 3, 2023 Mariel Alumit

Russia’s invasion of Ukraine sparked a major market crisis, sending oil and gas prices to multi-decade highs and causing the Euro to crash below parity with the dollar. Today, energy prices have fallen back to […]

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