Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 33 n° 335

Posts Tagged ‘mining’

Exchange Traded Concepts Launches Uranium Mining ETF

Posted by fidest press agency su domenica, 8 dicembre 2019

Exchange Traded Concepts, LLC, (“ETC”), a leader in providing white label Exchange Traded Fund (ETF) solutions, in conjunction with North Shore Indices, Inc., today announced that it has launched the North Shore Global Uranium Mining ETF (NYSE ARCA: URNM).
URNM is a targeted play on the uranium mining sector, that offers efficient access to a global, basket of companies in the Uranium industry. This fund offers a thematic play on potential nuclear power demand growth and uranium supply deficits. The ETF tracks the The North Shore Global Uranium Mining Index which is a focused uranium mining index. The index holds both miners and holders of physical uranium. It is currently tilted towards junior miners.Uranium as a commodity has long been misunderstood due to the complexity and opacity of the nuclear fuel cycle. After experiencing a peak price of nearly $140/lb. in 2007, prices have declined by over 80%, mainly due to oversupply. According to Numerco, as of 12/2/2019 the spot price of physical uranium was approximately $26/lb.
Focused on companies with exposure to the uranium sector, this newly created Global Uranium Mining ETF should allow investors to benefit from potentially favorable uranium fundamentals. As the world’s thirst for clean, 24×7, emissions-free sources of alternative energy continue to grow, nuclear power is emerging as a potential means to meet this demand. According to the World Nuclear Association’s most recent Nuclear Fuel Report there are 444 operating nuclear reactors, with 54 under construction, 111 planned, and 349 proposed.

Posted in Estero/world news | Contrassegnato da tag: , , , | Leave a Comment »

The “Global Copper Mining and Refining Market”

Posted by fidest press agency su lunedì, 24 dicembre 2018

In the year 2017, the global copper market was growing due to increasing global GDP, increasing electrification, rapid urbanization and excessive use of copper in electrical products.Significant growth in the market would be observed in future because of upcoming copper production projects in various economies such as China. However, fluctuation in the market is expected due to transportation and infrastructure costs and stringent legal norms for mining activities.The copper consumption and refined copper production was highest in Asia-Oceania due to mine expansions in the region and increasing demand from electrical products. Whereas, the copper mine production in global copper market was dominated by the Americas because of rising demand of copper in the manufacturing industries.In the global copper market, BHP Billiton, Anglo American, Freeport-MacMoRan and Rio Tinto Group are the major players. The refined copper production is majorly done by Codelco, BHP Billiton, Freeport-MacMoRan and Glencore. Basic strategy of the companies involved in the production of copper is to increase their production through various business investments and research development activities.

Posted in Estero/world news | Contrassegnato da tag: , , | Leave a Comment »

Recent developments in Eastern Europe’s Mining industry

Posted by fidest press agency su sabato, 2 Maggio 2015

mining industryThe European mining industry has a lot happening, and not only in the resource-rich Scandinavia; Eastern Europe is promising too. For the first time in 2015, Hungary will invite bids for coal mining concessions. Lignite and brown coal account for about 80 % of the country’s total coal reserves, making these the most important indigenous sources of energy.Ukraine also possesses generous energy resources, including 31800 million tonnes of proven coal reserves. Ukraine’s Energy Strategy to 2030 envisages increasing the installed capacity of coal – fired power plants, which ensures a bright future for the mining sector.The Czech government just announced its support to the renewal of uranium mining, right when Asia is moving ahead with nuclear power and investors are looking for high volumes of uranium.Poland’s estimated coal production in 2014 was up by 2% compared to 2013. Several European energy companies are currently active in the Polish energy sector.The Turkish government approved several modifications to the Mining Law a few weeks ago, showing its willingness to encourage further development of the industry. Some of the highlights include a better ground turn-over, a more accurate definition of licence areas and the introduction of a new royalty framework.The Europe Mining 2015 Summit, taking place in Amsterdam this coming June, on 17-18th, will provide the senior-level delegation in attendance with country-focused presentations to enhance their knowledge of the latest market trends and monitor the latest mineral resource developments in the region.The Deputy Undersecretary of the Ministry of Energy and Natural Resources of Turkey and the Senior Investment Officer for Infrastructure and Natural Resources Department at the International Finance Corporation Turkey will give an overview of the Turkish mining industry, from the mineral potential of the country and the updated Mining Law to the investment incentives. There will also be special focus on Poland, EU’s coal-producing giant.For two days, the forum will facilitate business-focused discussions between the European Commission that will be part of an outstanding speaking faculty and a senior level delegation, in a central location in Europe.

Posted in Cronaca/News, Estero/world news, Politica/Politics | Contrassegnato da tag: , , , | Leave a Comment »