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US Mint sets limits on gold, silver coins sales

The US Mint has reduced the supply of gold and silver coins to third-party distributors as the relentless coronavirus pandemic slows down production even of regular change.

The Mint’s New York-based facility is evaluating risks to employees to curb the spread of the virus, thereby slowing production for the next 12 to 18 months, Bloomberg reported on Tuesday, citing internal documents.

The nation’s coin maker, which is in charge of producing new money to replenish supply, warned last week that covid-19 had resulted in fewer pennies, nickels, dimes and quarters in circulation.


Gold, platinum used in new material to generate hydrogen from salt, polluted water

Researchers from the Czech Republic and Russia have developed a new material that uses gold, platinum and chromium to generate hydrogen molecules from fresh, salt, and polluted water by exposure to infrared sunlight.

The objective behind this development is that the solution becomes another green tool to help tackle the global energy challenge.

In a paper published in the journal ACS Applied Materials & Interfaces, the scientists explain that the material is a three-layer structure with a 1-micrometre thickness.


Gold rush in Canada’s Nova Scotia unearths opportunities and criticism

While the Canadian province of Nova Scotia has been
attracting local and international companies lured by its untouched gold riches and the easy access to most assets, located nearby existing highways, some groups warn of potential impacts to watersheds and communities.

“Nova Scotia has a golden opportunity to create jobs in gold mining,” Sean Kirby, executive director of the Mining Association of Nova Scotia (MANS) said while opening an industry conference last week.


Newmont officially opens all-electric Borden mine

The new all-electric Borden gold mine 9 km from Chapleau is officially open, following a ceremony attended by Denver-based Newmont Goldcorp officials and dignitaries from across the province. The company proudly says the mine features state-of-the-art health and safety controls, digital mining technologies and processes, and an all-electric underground fleet.

Dignitaries attending the launch were Ontario’s Minister of Energy, Mines, N Northern Development and Indigenous affairs Greg Rickford; Chief of the Chapleau Cree First Nation Keeter Corston; Chief of the Chapleau Ojibwe First Nation Anita Stephens; Chief of the Brunswick House First Nation Cheryl St.