Articles for tag: aims, Arizona, build, domestic, engine, Innovation, mining, skilled, University, workforce

March 27, 2025

Ron Finklestien

mining

“University of Arizona Launches Initiative to Develop Skilled Workforce for the Mining Industry”

US Push for Domestic Critical Minerals Boosted by Executive Order As the United States aims to bolster production of critical minerals and reduce reliance on foreign imports, President Trump’s recent executive order utilizes the Defense Production Act. This step seeks to provide financing, loans, and investment support essential for domestic processing of these minerals. This announcement coincided with another spike in copper prices, which exceeded $11,000 per tonne in New York on Thursday, amid ongoing global trade disruptions. Regional Innovations to Enhance Domestic Mining Efforts To enhance the United States’ competitive edge in critical minerals and address supply chain weaknesses,

March 11, 2025

Ron Finklestien

mining

Silver X Mining Increases Production Capacity by 18% at Peruvian Site

Silver X Mining Increases Resource Estimates at Nueva Recuperada Project Silver X Mining (TSXV: AGX) has announced an 18% rise in the measured and indicated tonnage at its Nueva Recuperada Property, located in southwest Peru. This increase is over a preliminary economic assessment conducted in 2022. According to a recent company release, the measured and indicated resources at the Plata Mining unit now total 4.26 million tonnes, with grades of 3.28 oz. silver per tonne, 0.56 gram gold, 1.88% lead, and 2.22% zinc. Notably, the contained silver in the indicated category at Plata, which was previously known as Esperanza, has

January 8, 2025

Ron Finklestien

mining

Cassius Mining Files Lawsuit Against Ghana Seeking $277 Million Compensation

Cassius Claims Ghana for Lost Gold Mine Profits Cassius Mining Limited has filed a claim against the Ghanaian government for lost profits, stating it missed out on opportunities to manage a gold mine in its licensed area. The company’s Gbane project, located in northeastern Ghana, holds a large prospecting license that spans 13.8 km2. This site lies in the Talensi district, adjacent to the operational Shaanxi gold mine. Prolonged Dispute with Shaanxi Cassius is embroiled in a long-standing conflict with Shaanxi, the Chinese firm managing the nearby mine. Investigations by the Sydney Morning Herald and local sources allege that Shaanxi

December 26, 2024

Ron Finklestien

mining

Mexico Considers Legislation to Prohibit Open Pit Mining

Mexico’s Open-Pit Mining Future Under Review Amid Economic Concerns “Open-pit mining warrants a thorough review, as activities such as sand extraction for cement production and lithium mining — critical for national development — are conducted using this method. It is vital to assess the specifics of the constitutional reform’s provisions,” Sheinbaum said in a statement. Environmental Safeguards versus Corporate Interests She emphasized that the review will focus on ensuring environmental protection and is independent of corporate interests. Industry Resistance to Mining Ban The Mexican Mining Chamber (Camimex) has voiced strong opposition to the proposed ban. Open-pit mining accounts for 60% of the

November 24, 2024

Ron Finklestien

mining

Exploring Deep Sea Mining’s Threat to $560 Billion in Terrestrial Resource Extractions — Study Findings

Deep-Sea Mining Insights: Financial Gains and Environmental Concerns The recent nomination of Elise Stefanik as the U.S. ambassador to the United Nations by President-elect Donald Trump has sparked renewed discussions around deep-sea mining. Stefanik advocates for securing crucial minerals, particularly those extracted from polymetallic nodules, which are potato-sized rocks found on the ocean floor. Located at depths between 4 to 6 km (2.5 to 4 miles), these nodules are plentiful in the Clarion Clipperton Zone (CCZ), where Canada’s The Metals Company (NASDAQ: TMC) holds two exploration contracts. Warning Signs from Environmental Groups The Planet Tracker report was released just as

November 21, 2024

Ron Finklestien

mining

“Mining Industry Spotlight: Allied Gold, Silicon Metals, and South Pacific Metals”

Leadership Changes Announced in Mining Sector New Appointments and Board Adjustments Silicon Metals has appointed Leighton Bocking as its new president. South Pacific Metals has brought on Dean Williamson as its exploration manager. Board Changes: Allied Gold has welcomed Oumar Toguyeni to its board of directors. Canadian Copper has added Brent Omland to its board of directors as well. Dynacor Group has announced that Roger Demers is retiring from its board of directors. Hayasa Metals has appointed Robert Furse and Derek White to its board, expanding its leadership team. Silicon Metals confirmed that Leighton Bocking will continue to serve on

September 15, 2024

Ron Finklestien

mining

An Uphill Climb: Coeur Mining Gains Ground with Strong Operating Metrics at Rochester

As the sun rises on Coeur Mining’s horizon, the company is making steady strides towards its operational targets at the Rochester mine. The goal is ambitious – to churn out 7 to 8 million tonnes per quarter by the second half of 2024, alongside hitting a production mark of 4.8 to 6.6 million oz. of silver and 37,000 to 50,000 oz. of gold for the full year. This triumph has not gone unnoticed in the markets. Coeur Mining’s shares surged by a noteworthy 15.47% by 12:14 a.m. EDT, painting a rosy picture for investors in the company with a market

September 12, 2024

Ron Finklestien

mining

The Bold Move of Magna Mining in Acquiring Sudbury Copper Mine

Magna’s Strategic Acquisition Set against a backdrop of relentless ambition, Magna Mining recently announced an audacious move to acquire the Sudbury copper mine from KGHM. The eye-catching deal involves a mix of C$5.3 million in cash, C$2 million in Magna common shares upfront, an additional C$2 million in cash expected by the end of 2026, and contingent payments that could potentially soar to an impressive C$24 million based on future milestones. Expanding Financial Horizons Looking to fortify its financial standing, Magna is actively pursuing a C$10 million term loan and a C$10 million letter of credit facility with Fédération des

May 30, 2024

Ron Finklestien

mining

Epiroc buys remaining stake in autonomous solutions provider ASI Mining

In 2023, ASI had revenues of about 300 million Swedish crowns ($28 million) in 2023. “Epiroc and the innovative team at ASI Mining are already collaborating closely to bring the most advanced automation solutions to mining customers,” says Helena Hedblom, Epiroc’s president and CEO. “We look forward to complementing their solutions fully with our offering and together continue supporting customers on their automation journey.” The acquisition of the remaining share requires regulatory approval from US competition authorities, and is expected to be completed in the third quarter 2024. The parties have agreed not to disclose the purchase price as the

May 27, 2024

Ron Finklestien

mining

Mining People: Nations Royalty, Wesdome, American Eagle Gold, Getchell Gold, Moonbound, Scorpio Gold

Board changes: American Eagle Gold named Gordon Stothart to its board. Calibre Mining has a new board member; she is Omaya Elguindi. Getchell Gold appointed Michael Hobart to the board. Keiko Hattori was added to the board of Japan Gold. Laramide Resources nominated John Mays for a seat on the board as D. Scott Patterson is retiring at the next AGM. Moonbound Mining added James Lumley and Perry E. Toms to the board. Newterra Resources added Matthew Coltura to the board upon the resignation of Gerald Carlson. Scorpio Gold added William M. Sheriff to its board. Ashley Kirwan joined the