Articles for tag: coal, expose, metallurgical, mines, NGOs, Surge

February 2, 2025

Ron Finklestien

mining

NGOs expose surge in new metallurgical coal mines

“Financial institutions need to wake up and stop bankrolling the reckless expansion of this industry,” Heffa Schuecking, director of Urgewald said in a statement.  She said that hundreds of financial institutions are already using Urgewald’s Global Coal Exit List (GCEL) to restrict their financial flows to the thermal coal sector. “The MCEL is a new sister database that focuses exclusively on metallurgical coal and highlights which companies are planning new mines or extensions,” she said. Global emissions fight As the Paris Agreement marks its 10th anniversary, the target of limiting global temperature rise to 1.5°C feels increasingly unattainable. The iron and

March 28, 2024

Ron Finklestien

mining

Impressive Surge in MAG Silver Stocks Amid Juanicipio Mine’s Resource Update Emphatic Uptick in MAG Silver Stocks as Juanicipio Mine Resource Report Breaks

Project Commencement Signals Prosperous Era Embarking on a trajectory toward commercial production in June 2023, the Juanicipio mine finds its abode nestled in the pulsating Fresnillo silver trend of Mexico. In a symbiotic ownership structure, MAG carves out a 44% niche, while Fresnillo plc, the deft operator, reigns over the remaining 56%. Bountiful Harvest of Silver Sets a New Benchmark The mine’s efforts in 2023 bore fruits to the tune of 16.8 million ounces of silver. A windfall by any measure and a testament to the mine’s productivity. Untapped Potential Sparks Investor Frenzy In a riveting development, MAG Silver proclaimed,

February 2, 2024

Ron Finklestien

mining

Gabriel Resources: A Tale of Unresolved Arbitration and Market Surge

The Historical Context Hailing from a historical mining district that dates back to pre-Roman times, Gabriel Resources’ Roșia Montană project shines with the promise of being one of the largest undeveloped gold deposits in Europe. The project reveals a substantial mineral reserve base where 10.1 million oz. of gold and 47.6 million oz. of silver reside, nestled within 215 million tonnes with average grades of 1.46 g/t gold and 6.88 g/t silver. The Turmoil and Rejection The proposed open-pit mine faced a storm of protests in 2013, forcing the Romanian government to set its face against the project by denying

January 23, 2024

Ron Finklestien

mining

Positive Developments at Côté Gold Project Lead to Surging IAMGOLD Shares

Boosted Production Results IAMGOLD has had robust performance across its mining projects, with the Essakane mine in Burkina Faso achieving 108,000 ounces in the fourth quarter and 372,000 ounces for the full year, nearing the upper end of the annual guidance of 380,000. The Westwood project in Québec surpassed expectations with 28,000 ounces in the fourth quarter and 93,000 ounces for the full year, exceeding the annual guidance range of 70,000 to 90,000 ounces. Progress at Côté Gold Project The commissioning activities at the Côté gold project are advancing smoothly, with the primary crushing circuit startup in progress. Initial production

January 4, 2024

Ron Finklestien

mining

Atico Mining: La Plata Mining Concession Extension Fueling Share Surge Atico Mining: La Plata Mining Concession Extension Fueling Share Surge

Atico Mining: Securing Long-term Growth Atico Mining, a Latin America-focused mining exploration company, has sparked investor enthusiasm with an announcement of a favorable long-term extension for its La Plata mining concession in Ecuador. The company revealed that the Ecuadorian government’s decision to extend the concession creates a conducive environment for Atico to advance its investment plans in La Plata. Notably, in a forward-looking scenario, the company also has the option to apply for an additional 25-year extension in 2048, further solidifying its position in the region. A Historic Gem: La Plata Project The La Plata project, wholly owned by Atico,