Weekly Nugget
Let’s Talk Lithium
This week we dig into all things lithium, and the potential for it to power a decarbonized future!
This week, we dig into how to use Prospector at PDAC to calculate life of mine, track projects, compare companies, and so much more!
- 🗨 It's Almost Time for PDAC!
- 🔥 What's New
- 🎧 This Week on On the Rocks
- 📰 In the News
- ❓ Prospector Poll
- 📈 Today's Commodity Prices
🗨 It's Almost Time for PDAC!
This week the Prospector team is in full PDAC prep mode! Today, technology has become an invaluable tool enabling us to maximize the time and investment put into conferences. Mining conferences are no exception! Mining has seen a significant transformation in communication with digital business cards, virtual presentations, walkthroughs, and of course, using Prospector to find and research investment opportunities! Whether you’re attending PDAC or any other mining conferences this year, we want to ensure you get the most out of the experience!
Jessica Scanlan
Head of New Media
🔥 What's New
Preparing for PDAC
Prospector and VRIFY have teamed up to bring you our best tips and tricks for making the most of your time and investment at PDAC! Whether you’re an attendee or representing a company at a booth, we have great ideas for you!
Prospector for PDAC Webinar TODAY!
March 1, 2023 | 1:00pm - 2:00pm EST
PDAC is a great opportunity to utilize Prospector's mobile and desktop app to research companies and projects on the go. Prospector’s rich and comprehensive database makes comparing companies, tracking projects, and calculating financial models a breeze. Stay organized at this year’s PDAC with Prospector’s list functionalities, calculate Life of Mine in real-time on the floor of PDAC with our NPV calculator, and make informed decisions using thousands of up-to-date project and company metrics.
🎧 This Week on On the Rocks
📰 In the News
Teck Resources Splitting its Metals & Coal Operations
Canadian mining company Teck Resources has confirmed plans to spin off its coal assets into Elk Valley Resources and create Teck Metals Corp to focus on minerals such as copper. The move could make Teck Metals an acquisition target for big mining companies looking to expand their copper portfolios. The company, which owns four copper mines in Canada and South America, expects to double its copper output when its Quebrada Blanca project in Chile ramps up to full capacity.
Mining World Slow to Close Gender Gap in Leadership
The number of women in senior mining roles and on boards declined in 2021 compared with the previous year, according to the 2022 Bedford Group Mining Industry Compensation Report. The report, which used data from 322 mining companies listed on the TSX, TSXV, ASX, NASDAQ and NYSE, found that female representation dropped to 19.2% in 2021 from 20.6% in 2020. Among the 1,900 boards analysed, only 12 chairs, vice-chairs or lead directors were women. Of the 325 CEO roles analysed, only 12 were held by women.
BHP trials Renewable Diesel for Mining Equipment in Australia
BHP is collaborating with BP to trial the use of hydrotreated vegetable oil (HVO) to power mining equipment at its Yandi iron ore operations in Western Australia. The renewable diesel made from HVO will be used in haul trucks and other mining equipment during a three-month trial period. BHP aims to reduce its operational greenhouse gas emissions by at least 30% by FY30, and using alternative fuels like HVO can help achieve this goal while transitioning to fully electric trucking fleets. BP plans to increase its investment in low carbon energy and collaborate with companies like BHP to create solutions that satisfy the increasing demand for lower carbon fuels in mining and transport sectors.
Commodity Markets Resilient One Year after Russia Invaded Ukraine
Despite Russia's invasion of Ukraine in February 2022 initially causing prices of commodities such as crude oil, liquefied natural gas and coal to surge, the markets have quickly adapted, with prices now either back to or below pre-invasion levels. The commodity trading world has re-routed Russian exports of crude oil, refined products and coal, while adapting to the loss of much of Russia’s pipeline natural gas. Europe, which was most reliant on Russian energy commodities, has largely ended its reliance on piped natural gas by switching to LNG and finding alternatives to Russian crude, fuels and coal. While there are ongoing consequences of the initial spike in commodity prices, with retail fuel and electricity costs in many countries still above pre-invasion levels, the short-term prices of major commodities are largely driven by traditional factors, such as the outlook for China’s economy.
❓Prospector Poll
Which mining conferences do you prefer to attend?
Each week we want to get your opinion about the mining industry. We'll release the results with next week's Nugget!
Last Weeks Results:
Where do you get your mining news and information from?
📈 Today's Commodity Prices
Gold $1,835.14 $/oz
Silver $21.84 $/oz
Platinum $944.00 $/oz
Palladium $1,531.00 $/oz
Copper $3.83 $/oz
Source: Prospector, as of 2/28/23 at 4pm EST
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