24.08.2023

SIKA: CHF 10 million in funding from the Klimarappen Foundation for new concrete recycling technology reCO2ver

Sika’s innovative reCO₂ver^® technology is now receiving targeted support as part of a climate protection program. The technology involves a novel concrete recycling process that allows old concrete to be entirely reused while facilitating the sequestration of CO₂.  

23.08.2023

Nordic Mining ASA: MoU for coop with Saferock AS on utilization of tailings from Engebø Rutile and Garnet

Nordic Mining ASA announce that the Company, through its wholly-owned subsidiary Engebø Rutile and Garnet AS, has entered into a Memorandum of Understanding with Saferock AS.  

22.08.2023

Filo Corp.: Geotech Hole Encounters Unexpected Copper Mineralization

• 1,406m at 1.13% CuEq, including 56m at 5.79% CuEq

Filo Corp. (TSX: FIL) (Nasdaq First North Growth Market: FIL) (OTCQX: FLMMF) announce assay results from hole FSDH084 testing the Aurora Zone along with a summary of the recent geotechnical drilling program at the Filo del Sol Project in San Juan, Argentina. Highlights and detailed results are shown below along with accompanying figures:  

22.08.2023

More uncertainty for Queensland resources companies

More uncertainty for Queensland resources companies (credits: QRC)

Investor confidence in Queensland’s resources sector will be further shaken by today’s extraordinary threat by Treasurer Cameron Dick to revoke coal mining leases, the Queensland Resources Council (QRC) said today.

The QRC has repeatedly drawn attention to industry concerns about the State Government’s snap decision in last year’s state budget to introduce the world’s highest royalty taxes on coal producers, which have made the state uncompetitive for future resources investment.

QRC Chief Executive Ian Macfarlane said the huge increase in state royalty taxes was imposed without industry consultation or detailed consideration about the long-term impact on future Queensland jobs and investment. “Today’s comments by the Treasurer will further erode investor confidence in Queensland,” he said. “Mining companies operate in Queensland to the highest standards and make valuable contributions to our economy.

“We shouldn’t take for granted that Queensland will always have a strong resources sector to rely on if policies are introduced which make us less competitive and less attractive to investors. “All Queenslanders will lose out if resources companies move their focus to mining projects in other states and countries because of growing uncertainty about the Queensland Government’s attitude towards the mining sector.”

Mr Macfarlane said resources companies take a long-term view on where to invest in new projects because of the scale of capital required and length of time involved.

“Any sudden and extreme change in government policy, like we saw in Queensland last year, acts as a major deterrent to future investment,” he said. “We know other companies are also reviewing their investment and employment plans because of the new royalty regime. “Once that tide of investment starts to move away from Queensland, it will be very, very difficult to turn it back. This will cost thousands of future jobs and business opportunities and threatens Queensland’s economic security.”

Mr Macfarlane said Queensland’s resources sector is the driving force behind the state’s economy, contributing $94.6 billion in 2021-22 and supporting more than 450,000 jobs. “This economic benefit is the result of decades of investment from companies who have been long-term members and supporters of regional communities across the state,” he said. “It's time the State Government took this situation seriously because the future of every Queenslander, particularly in regional communities, will look very different without the resources sector underpinning the economy.”

Source: QRC

#QRC #Queensland Resources #Australia (AU) #investments #economy #resources business #mining economy #power supply #politics #resource politics #Mining

                     

21.08.2023

Akobo Minerals - application process to trade on the US based OTC Markets Platform

Akobo Minerals AB (publ) (Euronext and Frankfurt: AKOBO), the Scandinavian-based Ethiopian gold exploration and boutique mining company, today announced that it has decided to apply for trading on the OTC Markets platform in the United States.