Point Roberts, WA and Delta, BC – July 13, 2021 (Investorideas.com Newswire) 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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Exploring Mining Podcast Episode 184 – News from (NYSE: MT) (NYSE: AU) (NasdaqCM: KOR) (NYSE: AG) (NYSE: AGI)
ArcelorMittal (NYSE:MT) has signed a memorandum of understanding (MoU) with the Spanish Government for a EUR1 billion investment in decarbonisation technologies at its Asturias’ plant in Gijon. 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 Gijon 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.”
“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.”
“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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