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The Latest Breaking News from Mining

What the Hunter thinks of a 'slash and burn' first Labor budget

Despite four Hunter ministers, the region gained little funding.

Newcastle Herald

Ken Loach shines spotlight on plight of Syrian refugees in new film

The Old Oak is a story of two traumatised communities thrown together.

The Independent UK

ED seizes fake sale receipts, QR codes used at sand depots in Tamil Nadu

ED seizes fake sale receipts, counterfeit QR codes and incriminating documents in illegal sand mining case. Rs 12.82 cr frozen, Rs 2.33 cr and 1,024.6 gms gold worth Rs 56.86 lakh seized. Searches conducted at 34 locations, incl 8 sand mining yards in 6 districts.

The Hindu

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3 Profitable Mining Stocks Showing 'Buy' Signals

The gold mining industry is poised to reap the rewards from gold’s established reputation as a safe haven asset during economic turbulence and uncertainty. Therefore, given the current economic scenario, three quality gold mining stocks, Harmony Gold Mining (HMY), B2Gold Corp. (BTG), and Dundee Precious Metals (DPMLF), could be ideal…

StockNews.com

Sand mining: ED searches conclude in Pudukottai district

The Hindu

EU moves to cut dependency on China for battery and solar panel materials

Parliament votes to cut mining red tape and diversify its supplies of raw materials such as lithium and silicon

The Guardian - UK

FTSE 100 Live: Blue-chips close up almost 150 points, Arm Nasdaq shares above $60, ECB rate hike, THG tumbles

London’s FTSE 100 made some major progress today, driven higher by demand for mining companies after upbeat broker comment on one of the market’s biggest sectors.

Evening Standard

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Disappearances ‘speak to dangers’ of environmental activism in Philippines

Some 15 activists and community organisers have gone missing since Ferdinand Marcos Jr took power in the Philippines.

Al Jazeera

TN sand mining business comes under scanner

ED is probing allegations that a huge quantity of sand was sold offline and fake bills were issued to sand lorry owners in Tamil Nadu, and this caused a loss of GST revenue to the Central and State governments and the money thus earned was laundered

The Hindu

3 Gold Mining Stocks to Take Advantage of ASAP

Gold shines as a safe haven in challenging economic times, providing more stability and consistent returns. With the possibility of additional interest rate hikes on the horizon, investors might want to seek sanctuary in robust gold stocks Barrick Gold (GOLD), DRDGOLD (DRD), and Gold Fields (GFI) for consistent returns. Read…

StockNews.com

Biden plan would overhaul 151-year-old mining law, make companies pay royalties for copper and gold

The Biden administration is recommending changes to a 151-year-old law that governs mining for copper, gold and other hardrock minerals on U.S.-owned lands, including making companies pay royalties on what they extract

The Independent UK

ED probes money laundering in sand mining business

ED launches probe into TN govt's sand mining biz; teams search 30+ sites, incl. offices/residences of contractors, officials. CAPF backs ED in investigation into suspected money laundering, GST evasion. Teams check receipts, quantum of sand mined, lorries that purchased sand. Searches halt operations at quarries, sand depots.

The Hindu

Congo communities forcibly uprooted to make way for mines critical to EVs, Amnesty report says

The mining of minerals critical to electric vehicle batteries and other green technologies in Congo has led to human rights abuses, including forced evictions and physical assault

The Independent UK

Mining of cobalt, copper in DRC leading to human rights abuses: Report

Expansion of industrial-scale mines has led to forced evictions, Amnesty International says.

Al Jazeera

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France 24

Google faces 10-week trial over charges of unfair competition

Google and its parent company Alphabet will spend the next ten weeks on the docket in a federal court in Washington DC as they face accusations of rigging the market in their favour. FRANCE 24’s correspondent Eric Pape explains what this might mean for the tech giant as he reports…

The Hindu

ED launches searches over alleged sand mining scam at over 25 locations across T.N.

Several teams of the Directorate of Enforcement (ED) launched simultaneous searches at sand mining sites, sales depots and other locations suspected to be involved in a sand mining scam, across Tamil Nadu, based on allegations of money laundering and large scale tax evasion, official sources said on Tuesday.

Newcastle Herald

UN calls out Hunter mining, power station pollution impacts

UN rapporteur meets with Lake residents to discuss coal ash pollution.

The Hindu

Set up aerospace industries, NIMZ in Prakasam as promised: CPI(M) leader P. Madhu

CPI(M) launches 300-km 'Poru Baata Padayatra' foot march in Prakasam district to demand setting up of mining institute, rail coach factory and other public sector units at Donakonda. March seeks ₹10,000 crore for focussed development of district, blames lack of political will for backwardness. 'Maha Dharna' to be held in…

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Newcastle Herald

Remembering the 1793 lives lost in the northern mining district

'We'll never be able to appreciate the impact that's had on those people.'

The Hindu

Explained | Did Vedanta lobby to dilute ‘green’ curbs?

According to a Organised Crime and Corruption Reporting Project (OCCRP) report, the Union Environment Ministry’s 2022 move to relax regulations to allow mining companies to increase production by up to 50% followed lobbying by the Vedanta group in 2021

Barchart

Is Trading the Silver Range the Optimal Approach?

Silver futures have looked like they will explode higher on rallies, but corrections make them appear to fall into a bearish abyss. Over the past six months, selling silver when it looks the best and buying it when at its most bearish has been the optimal approach.

The Hindu

P. Mahender Reddy directs officials to speed up auction of mining blocks

The Hindu

Resentment brewing in Odisha’s Rayagada over bauxite mining proposals

Resentment brews in Rayagada, Odisha over bauxite mining projects. Villagers, activists up in arms against proposals; nine arrested under UAPA. Goldman Prize winner Prafulla Samantara whisked away by police.

Salon

Salton Sea eyed for lithium extraction

As companies with billionaire backing buy in, frontline communities weigh the economics with health and environment

The Hindu

Overwhelming response to sports quiz in Berhampur

The sports quiz organised jointly by Hindu Future India Club (FIC), part of The Hindu Group, and the Odisha Mining Corporation (OMC) received overwhelming response in Berhampur, with 550 schoolchildren participating in the event on Monday.

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