Mining

Tanzania's gas boom that never was – when local hopes are dashed by global realities

Retrieved on: 
Wednesday, July 12, 2023
Natural Resources, Electricity, British thermal unit, CCM, Rest, Research, Politics, Economics, Hydrocarbon, Mining, Natural gas, Uranium mining, Renewable energy, Hotel

High commodity prices throughout the late 2000s and early 2010s resulted in new regions of the world being explored for hydrocarbons.

Key Points: 
  • High commodity prices throughout the late 2000s and early 2010s resulted in new regions of the world being explored for hydrocarbons.
  • Between 2010 and 2015, Mtwara went from a backward periphery to the forefront of Tanzania’s gas sector.
  • Natural gas prices fell from US$16 per million metric British thermal unit (MMBtu) in 2009 to US$4 MMBtu in 2017.
  • In Mtwara, it was less the resources themselves that caused the boom, but rather the anticipation of a future gas boom.

The anticipation

    • I found that people expected natural gas to cause an economic uplift, and it was this that prompted considerable investment in the region.
    • The party’s campaign slogan – “Mtwara will be the new Dubai!” – was repeated to me throughout my time in Mtwara.
    • They expected this to continue, and to obtain compensation for land being used by the gas sector.
    • Within just a few years, Mtwara’s economic prospects and imagined future had been dramatically entwined with international gas prices.

The reality

    • Cashews were the bedrock of the local economy before the discovery of natural gas.
    • In my interviews, villagers close to the onshore extraction tended to discuss development going at a slower pace than during the “boom”.
    • The pace of development was seen to have returned to “normal”, meaning the pace before the discovery of gas.

The changing energy landscape

    • Rapid changes in the energy landscape can create and recreate frontiers quickly, and change the lives of those who live in such frontier regions.
    • Since this research has taken place, there has been considerable change in the energy landscape.

Durabook Upgrades U11 Rugged Tablet With 12th Gen Intel® CPU and Architectural Innovations to Establish the Most Versatile 11-inch Rugged Tablet

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Wednesday, July 12, 2023
Technology, Hardware, Consumer Electronics, NVM Express, Pressure, Thunderbolt (interface), USB, Multimedia, SSD, IP66, Mining, Water, System, Video game, Satellite navigation device, Mobile phone, U11

Durabook , an innovator in purpose-built, rugged computing solutions, today announced upgrading its U11 Rugged Tablet with the 12th Gen Intel® processor and other architectural innovations that establish it as the most versatile 11-inch rugged tablet.

Key Points: 
  • Durabook , an innovator in purpose-built, rugged computing solutions, today announced upgrading its U11 Rugged Tablet with the 12th Gen Intel® processor and other architectural innovations that establish it as the most versatile 11-inch rugged tablet.
  • The U11 rugged tablet solution goes above and beyond standard requirements to elevate the professional user’s experience.
  • View the full release here: https://www.businesswire.com/news/home/20230712998729/en/
    Durabook U11 Rugged Tablet now has the latest 12th Gen Intel® CPU and architectural innovations with processing speeds up to 225% faster than prior release.
  • “Durabook purposefully optimized and bolstered every function and feature of the U11 Rugged Tablet to establish the most versatile available device in its class,” said Sasha Wang, president, Durabook Americas.

AirMiners Launches Fund to Close the Financing Gap for Carbon Removal Startups

Retrieved on: 
Wednesday, July 12, 2023
Environment, Finance, Environmental Issues, Other Energy, Environmental Health, Professional Services, Start-Up, Energy, Mining, Minerals, Natural Resources, Carbon, Atmosphere, Head, Shopify, Sustainability, Carbon capture, William Airmine, Growth, Cryptocurrency, Online shopping, Idealab

“We believe the Kiloton Fund demonstrates how funds are the catalysts we need to advance the pace of carbon removal,” said AirMiners CEO Tito Jankowski.

Key Points: 
  • “We believe the Kiloton Fund demonstrates how funds are the catalysts we need to advance the pace of carbon removal,” said AirMiners CEO Tito Jankowski.
  • “In two years, our carbon removal startup accelerator graduated 95 startups that have raised $90M of venture and grant funding.
  • This insight led us to pilot the Kiloton Fund to close that funding gap for carbon removal startups.”
    The response to this initiative from industry insiders has been positive.
  • Bill Gross, founder of Idealab and carbon removal startup Carbon Capture, commented: “The Kiloton Fund is a game-changer.

Janus Henderson Corporate Debt Index: Company Debts Reach New Record but Appetite to Borrow Is Waning

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Wednesday, July 12, 2023
Banking, Asset Management, Professional Services, Finance, Janus, Knowledge, Pressure, Unemployment, Meta, Bishopsgate, Financial Conduct Authority, Commission, ABN, ASX, Knowledge sharing, Multimedia, Castle Street, Investment, Janus Henderson, Mining, Alphabet, Commission de Surveillance du Secteur Financier, Verizon Communications, City, International (Amtrak train), NYSE, Cryptocurrency, Bank, Security (finance), Wood drying

Verizon, the US telecoms company, became the most indebted non-financial company in the world in 2022/23 for the first time.

Key Points: 
  • Verizon, the US telecoms company, became the most indebted non-financial company in the world in 2022/23 for the first time.
  • Overall Janus Henderson expects net debt to decline by 1.9% this year, falling to $7.65 trillion.
  • Janus Henderson Investors is the name under which investment products and services are provided by Janus Henderson Investors International Limited (reg no.
  • Janus Henderson and Knowledge Shared are trademarks of Janus Henderson Group plc or one of its subsidiaries.

Québec Nickel Intersects 152 Metres of 0.21% Nickel + 114 ppm Cobalt at Ducros Sill

Retrieved on: 
Wednesday, July 12, 2023
Mining, Minerals, Natural Resources, Quebec, CSE, QNI, Geology, FSE, Multimedia, Government, Figure, Government of Quebec, GM, Nickel, Map, Copper, DUSC, Cobalt, News, Road, Ducros

Geology map of Québec Nickel’s Ducros property (red outline) showing the individual mining claims that comprise the Ducros property land package, along with the locations of the Ni-Co-Cu-PGE target areas.

Key Points: 
  • Geology map of Québec Nickel’s Ducros property (red outline) showing the individual mining claims that comprise the Ducros property land package, along with the locations of the Ni-Co-Cu-PGE target areas.
  • (Graphic: Business Wire)
    Hole QDG-23-503 was terminated at 450 metres depth in nickel + cobalt-bearing dunite, the last 118.30 metres of which returned 0.21% Ni + 117 ppm Co;
    Hole QDG-23-505 returned 293 metres at 0.19% Ni + 106 ppm Co, including a higher-grade subinterval of 152 metres @ 0.21% Ni + 114 ppm Co;
    Confirmation that the Ducros Sill is mineralized with nickel and cobalt across its entire ~300 metre width; the geophysical expression of the ultramafic body extends for seven kilometers along strike.
  • The Ducros Sill target lies at the southern half of the two-kilometer wide by fifteen-kilometer long Ducros Ultramafic Sill Complex (DUSC), in the south-central portion of QNI’s Ducros claims (Figure 1).
  • Notable results include hole 87-6 which returned greater than 0.22% nickel and 120 ppm cobalt over the last 20 metres of the 106.7 metre long BQ diameter hole.

Beekeeper Launches AI-Powered Frontline Intelligence Platform

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Wednesday, July 12, 2023
Software, Human Resources, Consulting, Artificial Intelligence, Data Management, Professional Services, Technology, Other Technology, Intelligence, Workforce, ChatGPT, GDPR, AI, Front line, Machine learning, Central Organization of Trade Unions (Kenya), Mining

Beekeeper , the leading frontline success system, today announced the launch of its AI-Powered Frontline Intelligence platform.

Key Points: 
  • Beekeeper , the leading frontline success system, today announced the launch of its AI-Powered Frontline Intelligence platform.
  • Frontline Intelligence empowers managers to effectively understand employee sentiment and productivity, enabling them to make more informed decisions and proactively support the needs of their frontline teams.
  • Beekeeper’s Frontline Intelligence is taking the first step to leverage AI to close the disconnect between frontline workers and management.
  • Available in Beekeeper’s Frontline Success System, Frontline Intelligence will support frontline management in the following ways:
    Frontline Intelligence leverages the first GDPR-compliant, AI technology to gauge employee sentiment and engagement levels without the slow, tedious process of conducting employee surveys.

Two More Energy Industry Experts Join XGS Energy Leadership

Retrieved on: 
Wednesday, July 12, 2023
Oil, Gas, Coal, Alternative Energy, Energy, Technology, Nuclear, Other Natural Resources, Environment, Mining, Minerals, Natural Resources, Other Technology, Science, Other Science, Other Energy, Research, Utilities, Boston Consulting Group, University, Senior, Doctor of Philosophy, Berkeley, XGS, Innovation system, Multimedia, Sherbrooke, Strategy, SVP, Management, Renewable energy, Chemistry

XGS Energy , a leader in geothermal energy technology, today announced the expansion of its leadership team with the appointments of Axel-Pierre Bois, Ph.D. as Senior Vice President, Technology and Lucy Darago, Ph.D. as Vice President, Strategy.

Key Points: 
  • XGS Energy , a leader in geothermal energy technology, today announced the expansion of its leadership team with the appointments of Axel-Pierre Bois, Ph.D. as Senior Vice President, Technology and Lucy Darago, Ph.D. as Vice President, Strategy.
  • “Our technology is transforming the geothermal energy industry and opening new markets around the world.”
    Lucy Darago, Ph.D., VP, Strategy is an expert in clean energy strategy and implementation.
  • “XGS Energy’s next-generation geothermal energy system can provide clean baseload energy on the timeline and scale that the global energy transition demands,” said Lucy Darago.
  • “I am excited about the opportunity to help bring this powerful technology to market alongside the driven and experienced team at XGS.”
    To learn more about XGS Energy, please visit https://www.xgsenergy.com .

Aqueous Resources Awarded $1.3 Million Fast Track Grant by the US Department of Energy

Retrieved on: 
Wednesday, July 12, 2023
Lithium, U.S. Department of Energy, Office of Inspector General, DLE, Ministry of Energy, Alchemy, CSE, CDN, Use of Free and Open-Source Software (FOSS) in the U.S. Department of Defense, AMS, DOE, Fast Track, US, Transaction, Small business, Research, Mining, Aqueous solution

The USD$1,300,000 (CDN$1,727,000) grant was announced on July 10, 2023 by the DOE, DOE Announces $72 Million For Small Business Research and Development Grants | Department of Energy.

Key Points: 
  • The USD$1,300,000 (CDN$1,727,000) grant was announced on July 10, 2023 by the DOE, DOE Announces $72 Million For Small Business Research and Development Grants | Department of Energy.
  • The DOE funded a total of $72 million for 296 projects for leading small businesses to pursue scientific, clean energy, and climate research, development, and demonstration projects.
  • Scott Taylor, stated "We are honored and grateful that Aqueous has received this significant award from the U.S. Department of Energy.
  • It is noteworthy to mention that Aqueous received one of only ten (10) Fast Track grants at the $1.3 million level, which was the highest level of award.

Vortex Brands Co. Boosts Hashpower by 35% as New Bitcoin Mining Machines Go Online

Retrieved on: 
Wednesday, July 12, 2023
OTC, Growth, Mining, Vortex, Cryptocurrency

DENVER, July 12, 2023 /PRNewswire/ -- Vortex Brands Co. (OTC: VTXB) is thrilled to announce the successful integration of its latest batch of cutting-edge bitcoin mining machines into its operations.

Key Points: 
  • DENVER, July 12, 2023 /PRNewswire/ -- Vortex Brands Co. (OTC: VTXB) is thrilled to announce the successful integration of its latest batch of cutting-edge bitcoin mining machines into its operations.
  • The deployment of these state-of-the-art machines has significantly increased the company's hashpower by an impressive 35%, solidifying its position as a leading player in the bitcoin mining industry.
  • With a strategic focus on expansion, Vortex Brands Co. continues to invest in cutting-edge technology to enhance its mining operations.
  • This ensures optimal efficiency and profitability, allowing Vortex Brands Co. to remain at the forefront of the rapidly evolving bitcoin mining market.

U.S. Gold Corp. Receives Industrial Siting Permit for CK Gold Project

Retrieved on: 
Wednesday, July 12, 2023
USAU, Mine closure planning, Noise, Professional, ISP, Environmental quality, History, Consultant, Secretary of State of Wyoming, Environmental protection, Gold, Hearing, Copper, Wyoming Department of Environmental Quality, Environment, Mine, Mining, Cryptocurrency, U.S. Gold

CHEYENNE, Wyo., July 12, 2023 /PRNewswire/ -- U.S. Gold Corp. ("U.S. Gold," the "Company," "we," "our" or "us") (Nasdaq: USAU ), is proud to announce the achievement of one of two significant milestones in the permitting stage of its CK Gold, gold, copper and silver mining project (the "CK Gold Project").

Key Points: 
  • CHEYENNE, Wyo., July 12, 2023 /PRNewswire/ -- U.S. Gold Corp. ("U.S. Gold," the "Company," "we," "our" or "us") (Nasdaq: USAU ), is proud to announce the achievement of one of two significant milestones in the permitting stage of its CK Gold, gold, copper and silver mining project (the "CK Gold Project").
  • On June 20, 2023, the Industrial Siting Division of the Department of Environmental Quality, of the State of Wyoming (the "DEQ-ISD"), granted an Industrial Siting Permit (the "ISP") to U.S. Gold's wholly-owned subsidiary, Gold King Corp., allowing for construction and operation of the proposed mine at the CK Gold Project.
  • Commenting on the ISP for the CK Gold Project, George Bee, President and CEO of U.S. Gold said, "The ISP application is of significant importance in the regulatory process to protect those who may be impacted by large industrial capital investments.
  • The CK Gold Project description and notification were mailed to 120 governmental agencies and interested parties in Albany and Laramie counties.