#ExploringMining #Podcast
Episode 184 – #Mining #Stocks News from (NYSE: $MT) (NYSE: $AU) (NasdaqCM: $KOR)
(NYSE: $AG) (NYSE: $AGI)
Point Roberts WA, Delta BC, July 13, 2021 Investorideas.com, a global
investor news source covering mining and metals stocks releases today’s edition
of Exploring
Mining Podcast, featuring stock news from TSX, TSXV ,CSE, ASX, NASDAQ, NYSE companies plus interviews with CEO's and
leading experts.
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podcast:
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ArcelorMittal (NYSE:MT) has signed a memorandum of understanding (MoU)
with the Spanish Government for a €1 billion investment in decarbonisation
technologies at its Asturias’ plant in Gijón. According to the press release,
the investment aims to reduce CO2 emissions at the company’s Spanish
operations” by up to 4.8 million tonnes, which represents approximately 50% of
emissions, within the next five years.” Aditya Mittal, ArcelorMittal’s CEO,
commented:
“It
is widely understood that for the world to achieve net-zero by 2050, faster
progress over the next decade is essential. The MoU we have signed today will
play an important role in doing exactly that. The construction of the new green hydrogen DRI plant in Gijón will not only
enable us to reduce emissions from our Spanish operations by half but will also
result in the world’s first full-scale zero carbon-emissions steel plant in
Sestao.”
AngloGold Ashanti Limited (NYSE:AU) has submitted a non-binding proposal
to acquire Corvus Gold Inc. (NasdaqCM:KOR). AngloGold Ashanti’s Interim
CEO, Christine Ramon, explained:
“The
Proposal is fully aligned to our strategy of growing Ore Reserve, building
low-cost production and generating sustainable returns. We have a unique
opportunity to combine Corvus' assets with our own – in the world's top-ranked
mining jurisdiction – to create a meaningful new production base for AngloGold
Ashanti in the medium and longer term."
First Majestic Silver Corp. (NYSE:AG) has announced production results for its second
quarter of 2021 for its four producing operations, the San Dimas Silver/Gold
Mine, the Santa Elena Silver/Gold Mine, the La Encantada Silver Mine and the
recently acquired Jerritt Canyon Gold Mine. Highlights include the production
of 6.4 million silver equivalent ounces consisting of 3.3 million ounces of
silver and 46,545 ounces of gold, which represents an increase of 13 percent
and 95 percent, respectively, over the previous quarter. Keith Neumeyer,
President & CEO of First Majestic, said:
"The
second quarter marked a major milestone for First Majestic. The acquisition of
Jerritt Canyon not only gave us a new quarterly record in gold production, but
it represents the Company's first major investment outside of Mexico. The
overall integration process of this new mine is going well and has included
several site management changes designed to grow this important operation to
production levels not seen for over 15 years.”
Alamos Gold Inc. (NYSE:AGI) has reported results from the ongoing underground
exploration drilling program at its Young-Davidson property. The company’s
President and CEO John A. McCluskey explained:
“The
early results are very promising, extending similar style gold mineralization
below Mineral Reserves and Resources within the syenite that hosts the existing
ore body. High-grade mineralization was also intersected in structures outside
of the syenite in both the hanging wall and footwall. Both demonstrate the
significant potential to add Mineral Reserves and Resources below the existing
deposit, and at potentially higher grades within adjacent structures.”
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