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Home2024February

Month: February 2024

Cameco
Rare Earth Minerals

Cameco doubles 2023 uranium sales, prices compared to year earlier

February 8, 2024 Stu Turley

  Higher sales volumes and realized prices for uranium production and fuel services meant that Cameco’s (TSX: CCO; NYSE: CCJ) 2023 net earnings and cash from operations more than doubled compared to 2022. And adjusted EBITDA […]

Capstone
Rare Earth Minerals

Capstone raises $265 million to advance Chilean copper projects

February 8, 2024 Stu Turley

  Capstone Copper (TSX: CS) (ASX: CSC), alongside shareholders Orion Fund JV Ltd., Orion Mine Finance Fund II LP and Orion Mine Finance (Master) Fund I-A LP, has announced the closing of their recently arranged bought […]

Palladium
Rare Earth Minerals

Palladium price drops below platinum for first time in five years

February 8, 2024 Stu Turley

  The price of palladium fell below that of platinum for the first time since April 2018 on Thursday, as growing demand concerns and bets on stable supply weighed on the metal. Spot palladium retreated […]

Ancient island
Rare Earth Minerals

Ancient island submerged off Brazilian coast was (and may still be) mineral-rich

February 8, 2024 Stu Turley

  The Rio Grande Rise (RGR), a possibly continental basaltic plateau and chain of seamounts now submerged in the South Atlantic Ocean some 1,200 kilometres from the coast of Brazil, was once a giant tropical […]

Nexa Resources
Rare Earth Minerals

Nexa Resources halts Peru zinc mine due to blockade

February 8, 2024 Stu Turley

  Latin America-focused Nexa Resources (NYSE: NEXA) has halted production at its Atacocha San Gerardo open pit zinc mine in Peru due to a road blockade by the Joraoniyoc community since earlier this week. The zinc producer, controlled by Brazilian holding company Votorantim […]

Devon Energy
Crude Oil News

Exclusive: Shale producer Devon Energy in bid to acquire Enerplus -sources

February 8, 2024 Mariel Alumit

Feb 8 (Reuters) – U.S. oil and gas producer Devon Energy (DVN.N), has approached Enerplus (ERF.TO), a peer with a market value of C$4 billion ($3 billion), with an acquisition offer, people familiar with the matter said on Thursday. […]

SQM
Rare Earth Minerals

SQM launches third round of accelerator program

February 8, 2024 Stu Turley

  Chile’s SQM (NYSE: SQM), the world’s second largest lithium producer, is calling on startups with innovative solutions in the fields of water usage, lithium and electromobility to join the third round of its corporate acceleration […]

Flex LNG
LNG

Flex LNG’s 2023 revenue climbs, net income down

February 8, 2024 Stu Turley

Norwegian shipping firm Flex LNG, the owner of 13 liquefied natural gas carriers, reported higher revenue and lower net income in 2023. The shipping firm controlled by billionaire John Fredriksen said on Wednesday that vessel […]

BP
Big Oil Companies

BP backs away from US offshore wind

February 8, 2024 Mariel Alumit

Call it a $1 billion mistake. BP said Tuesday it wrote down the value of its U.S. offshore wind business by $1.1 billion last year, cementing a strategic shift for the British petroleum giant as […]

Biden
Climate Crisis

Biden’s latest climate rules crack down on manufacturing, ignoring industry warnings of economic devastation

February 8, 2024 Mariel Alumit

The Biden administration finalized regulations severely tightening restrictions on fine particulate matter that the manufacturing and energy sectors are legally allowed to emit, an action that industry said would have devastating economic consequences. The Environmental Protection Agency (EPA) unveiled […]

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