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The Latest Breaking News from Mining

Texas crypto-mining rush may need as much power as entire state of New York

Crypto currency miners are accelerating their push to expand in Texas far beyond what authorities had initially expected, threatening to send the state’s electricity use skyrocketing.

Tribune News Service

Diamond magnate appeals Swiss bribery verdict

Geneva (AFP) - French-Israeli diamond magnate Beny Steinmetz was back in court in Switzerland on Monday seeking to clear his name by appealing against his conviction in one of the mining sector's biggest-ever corruption cases.

AFP

Israeli tycoon appeals corruption conviction in Swiss court

Israeli diamond magnate Beny Steinmetz is returning to a Geneva courthouse to appeal his conviction on charges of corrupting foreign public officials and forging documents

The Independent UK

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Former Rio Tinto mine at Bougainville poses flood risk - report

Communities around Rio Tinto's shuttered copper mine in Bougainville face a serious threat of flooding due to unstable mine instrastructure, an interim report commissioned by the mining company said on Monday.

Reuters

Diamond magnate's appeal of Swiss bribery verdict opens

Geneva (AFP) - French-Israeli diamond magnate Beny Steinmetz will be back in court in Switzerland on Monday to appeal against a corruption verdict linked to mining rights in Guinea.

AFP

Listed crypto miners post H1 losses

Several listed crypto mining companies reported operating losses in the first half of this year as crypto prices tanked, forcing many crypto platforms to go bankrupt.

Bangkok Post

Mind the gap

Workplace Minister Tony Burke is keen on industry-wide enterprise bargaining, and Prime Minister Anthony Albanese will address the National Press Club today as he reaches his first 100 days in office.

Crikey

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Wages growth jumps for new hires, Seek figures on advertised wages show

Wages growth jumps for new hires, but research shows under-35s are bearing the brunt of a falling share of income going to workers.

ABC News

The Greywolf 'goldmine' that never paid off and the elusive man behind it all

Novice investors were convinced to place their hard-earned money in Greywolf, assured of life-changing riches. Instead, they became part of a trail of financial destruction.

ABC News

Chile warns area around sinkhole at high risk of further collapse

Chilean authorities warned that the area around a copper mine where a sinkhole suddenly appeared is at high risk of further collapse and has set up a security perimeter.

Reuters

Mexico's president revived dangerous form of coal mining

Hopes have faded of rescuing 10 men trapped by a flood in a Mexican coal mine this month

The Independent UK

Wangan and Jagalingou traditional owners use human rights law to occupy Bravus's Carmichael Coal Mine

After a series of failed legal challenges and their native title being extinguished, a group of Wangan and Jagalingou traditional owners are using a human rights act to occupy land at Bravus's Carmichael Coal mine in central Queensland.

ABC News

Locals in regional Queensland town Oakey are divided over plans to reopen New Acland thermal coal mine

The New Hope mining company pushed for 14 years to expand the New Acland mine near the Queensland town of Oakey. Now it's been approved, but some locals say they'll fight it "like a mongrel dog".

ABC News

Meet Britain's 10 highest paid fat cats who pocketed more than £100m last year

That means they are now getting 109 times more in their wage slips than the typical British worker - up from 79 times in the previous year

Daily Mirror

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The Hindu

Mining in Karnataka: Rejection of CEC recommendation by SC welcomed

Hiremath demands Karnataka-like mining restrictions in Andhra Pradesh

The Guardian - UK

Scientists set for ocean crisis debate 150 years after ‘extraordinary’ expedition

A century and a half after the Challenger mission transformed our understanding of the seas, researchers meet to tackle the latest threats

The Hindu

Andhra Pradesh: Expose violation of eco norms by industries, Pawan asks cadre

Government turning a blind eye to the illegal activities of mining companies, he alleges

Investors Business Daily

Cryptocurrency Price And News Weekly Wrap-Up For Aug. 26, 2022

Get caught up on the latest cryptocurrency news, crypto ETFs to watch, the upcoming Bitcoin Depot IPO and more with a wrap-up for the week of Aug. 26.

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Bangkok Post

Crypto world can’t wait for ‘the Merge’

SAN FRANCISCO: The cryptocurrency industry has endured a terrible year. A devastating crash wiped nearly $1 trillion from the market, draining the savings of thousands of people. Several companies filed for bankruptcy.

AFP

Diamond magnate appeals Swiss corruption verdict

Geneva (AFP) - French-Israeli diamond magnate Beny Steinmetz will be back in court in Switzerland on Monday to appeal against a corruption sentence linked to mining rights in Guinea.

The Hindu

Karnataka mining: Supreme Court raises annual iron ore production limit for three districts

For Chitradurga and Tumakuru districts the annual iron ore production limit was raised from 7 MMT to 15 MMT while for Ballari, the Supreme Court raised the limit from 28 MMT to 35 MMT a year

The Guardian - AU

Queensland resources minister approves expansion of New Acland coalmine

New Hope prepares to resume mining operations near Oakey as it seeks water licence, while local landowners respond with dismay

ABC News

Mining leases for New Hope Group's Darling Downs coal mine get Queensland government approval

After a decade of campaigning, stage three of the Acland coal mine is one step closer but water licences are still needed for the expansion to go ahead.

AAP

Qld's New Acland coal mine leases approved

Stage three of southern Queensland's New Acland coal mine is "just one step away" after the state's resources minister granted the project's mining leases.

The Guardian - UK

‘They attacked with machetes’: murder, mafias and illegal mining in Peru’s gold fields

Rising gold prices have led to increasingly violent land grabs, with rightful owners left to defend themselves and the rainforest from attack

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