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Northern Vertex Mining Commences Construction of Powerline to Moss Mine, Arizona
May 7, 2020
Northern Vertex Mining has commenced construction of a $2.1 million, 6.9 mile electrical transmission system, and has completed a definitive, non-dilutive term loan financing agreement, which will secure the long term low cost power supply to the Moss Mine. “Access
Newcrest to Acquire Skeena Resources’ GJ Copper-Gold Property for $7.5 Million, Canada
May 7, 2020
Skeena Resources Limited has entered into a purchase and sale agreement to sell the company’s 100 percent interest in the GJ Copper-Gold Property to Newcrest Red Chris Mining Limited for $7.5 million of cash. “Advancing the Eskay Creek project is
Warrior Met Coal Plans Barge Facility with $578 Million Major Expansion Plan, Alabama
May 6, 2020
Warrior Met Coal Inc. plans to invest $50 million to construct a barge load-out facility in Walker County to support its expanding metallurgical coal mining operation near Tuscaloosa, a project that will add 12 new high-paying jobs. Warrior Met Coal
First Cobalt’s Canada Refinery Plans Could Establish Supply Chain to Rival China
May 6, 2020
North America has taken steps to reduce its reliance on Chinese cobalt supply chains after Canada-based First Cobalt revealed plans for a new mineral refinery. The facility, to be developed in partnership with Swiss miner Glencore north of Toronto, will
Newmont Posts Strong First Quarter Results as Investors Turn to Gold
May 6, 2020
Not all extractive firms have been hurt by the impact of coronavirus on the global economy — as gold specialist Newmont proved today (May 5) with a more than six-fold increase to net income during the first quarter of 2020.
Trump Administration Drafts Pact for Mining On the Moon
May 6, 2020
The Trump administration is drafting a legal blueprint for mining on the moon under a new US-sponsored international agreement called the Artemis Accords, according to people familiar with the proposed pact. The agreement would be the latest effort to cultivate
President Trump Signs Executive Order to Secure Nation’s Bulk Power System
May 6, 2020
U.S. President Donald Trump on May 1 signed an executive order that seeks to secure America’s bulk power system (BPS) from foreign adversaries. The bulk power system is vital to the country’s energy security, supporting national defense, emergency services, critical
Judge Halts Excellon Resources’ Gold Mine Project in Eastern Idaho
May 6, 2020
Exploration work by a Canadian company hoping to build an open-pit gold mine in Idaho west of Yellowstone National Park was halted following a federal judge’s ruling involving its impact on groundwater. U.S. District Court Judge B. Lynn Winmill on
Entergy Shuts Down Indian Point 2 Nuclear Reactor, New York
May 6, 2020
After more than 45 years in production, the Indian Point 2 nuclear reactor was shut down on April 30, as scheduled. The facility, located at Indian Point Energy Center in Buchanan, N.Y., is owned and operated by Entergy Corp. The
Virginia Gov. Northam Raises Energy Costs as Hundreds of Thousands Are Out of Work
May 6, 2020
If there ever was a time not to enact policies that would cost families, it would be in the midst of an economy-killing global pandemic. With coronavirus rampaging throughout Virginia, effectively closing the commonwealth’s economy and pushing 306,000 people out
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