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The Latest Breaking News from Mining

Plan for 30% tax on Bitcoin mining appears dead under debt ceiling deal

The White House's plan to tax crypto mining 30% under a law called the DAME Act appears to have been scrapped in a budget compromise with Republicans.

Fortune

Why taxing the world's biggest companies at 15% won't fix the gaping hole in global tax rules

Australia’s federal government has a plan to discourage companies from shifting profits to tax havens. The idea is to impose a “global minimum tax” on large Australian and foreign-owned companies with subsidiaries in low or no-tax countries.

The Conversation

Highly influential figure in Welsh mining community Tyrone O'Sullivan dies aged 77

The 'giant' in Welsh union movement will 'always be remembered as the man who defied Thatcher'

Wales Online

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'Ghost town' seaside resort so deserted homes are being flogged for £5,000

The seaside town of Horden, County Durham, has been left a 'ghost town' since its colliery was shut, with rife drugs problems and houses priced at £5,000

Daily Mirror

Lightning Ridge opal miners seeking answers as licence confusion leaves hundreds without work

Hundreds of opal miners suddenly left jobless overnight after a state government "oversight" are seeking answers about what the future holds, but so far they say they have been told next to nothing.

ABC News

4 Tech Stocks to Avoid This Week

Amid widespread macroeconomic headwinds, the tech industry is expected to witness a slowdown. Given this backdrop, fundamentally weak tech stocks Affirm Holdings (AFRM), Riot Platforms (RIOT), HIVE Blockchain Technologies (HIVE), and Bakkt Holdings (BKKT) could be best avoided this week. Read on….

StockNews.com

3 Fintech Stocks Failing to Impress Investors

Given the growing adoption of digital financial services, the long-term prospects of the fintech industry look bright. However, not all fintech stocks can capitalize on the industry tailwinds. Therefore, it could be wise to avoid fundamentally weak fintech stocks Marathon Digital (MARA), Bit Digital (BTBT), and Argo Blockchain (ARBK). Read…

StockNews.com

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Thousands of unidentified deep-sea species found in part of Pacific Ocean earmarked for mining

Scientists calculate there are thousands of unidentified species living on the ocean floor between Hawaii and Mexico where deep-sea mining for critical minerals needed to build batteries is set to begin next year.

ABC News

More than 5,000 new species found in 'pristine' deep-sea wilderness. But they could soon be wiped out.

A new study cataloged all the species uncovered by research expeditions in the Clarion-Clipperton Zone, which has become a potential hotspot for deep-sea mining.

LiveScience

More than 5,000 new species discovered in Pacific deep-sea mining hotspot

A wealth of biodiversity has been found in the Clarion-Clipperton Zone, an area earmarked for exploitation by mineral firms

The Guardian - UK

Biden saves Oak Flat Apache site for now

The Arizona mine project won't move forward until more discussions with Indigenous communities.

Salon

Western Australia to compensate Aboriginal group for historic mining damage

Western Australia state has agreed to compensate an Aboriginal group for historic acts including issuing mining leases on their traditional lands, setting a precedent that is set to allow Indigenous groups a greater say in future developments.

Reuters

Calls to protect Northern Ponds at Lake Macleod on Rio Tinto salt mine lease

The Indian Ocean travels underground and reappears 17 kilometres inland at the Northern Ponds at Lake Macleod, with the ponds having so far been overlooked as a site of significance.

ABC News

Ozingas’ underground development on Southeast Side may be dead due to mining ban

A city zoning official recently issued an opinion based on what’s publicly known about the proposed 6 million square foot project. The family-backed venture isn’t giving up.

Chicago Sun-Times

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The New Daily

Minister slams BHP criticism of new workplace laws

Tony Burke says it's unbelievable mining giant BHP has already put a dollar figure on what same job, same pay laws would cost before the legislation is written.

AAP

Minister slams BHP criticism of same job, same pay law

Tony Burke says it's unbelievable mining giant BHP has already put a dollar figure on what same job, same pay laws would cost before the legislation is written.

France 24

DR Congo's Tshisekedi heads to China on five-day state visit

Congolese President Felix Tshisekedi is expected in China this Wednesday for a five-day state visit, which will include a meeting with President Xi Jinping. China is the DR Congo's top trading partner and a major mining investor. Top of the agenda will be the renegotiation of a "resources-for-infrastructure" deal struck…

ABC News

Income of 850 opal miners in doubt after government admin error invalidates mining licences

Hundreds of opal miners in western New South Wales have had their "livelihoods cut off" after the discovery of a government administrative error rendered their licences invalid.

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ABC News

Former attorney-general Christian Porter will not represent Clive Palmer in $300b legal fight against Commonwealth

Christian Porter will no longer act for the mining magnate in his $300 billion claim against the federal government after a Senate estimates committee heard he received confidential and privileged information about the case when he was the attorney-general.

AAP

Mining ready to ride biggest boom with $2t up for grabs

Mining bosses are confident they can supply the booming clean energy industry without making emissions worse, boosted by $2 trillion from the United States.

Newsroom.co.nz

Govt's green bank buys into sand mining alternative

Kayasand wants to prove it can produce concrete-grade sand from recycled building materials.

StockNews.com

3 Financial Services Stocks to Beware of

As the United States grapples with the critical stage of raising its massive debt ceiling, the financial services sector finds itself on high alert. Hence, fundamentally weak financial services stocks BRP Group (BRP), Digital World (DWAC), and SAI.TECH Global (SAI) might be best avoided. Keep reading.

Tribune News Service

States bordering Lake Superior could have as much nickel as Russia, Canada

WASHINGTON — The Lake Superior region could be home to as much nickel as Russia or Canada, some of the largest nickel producers in the world, according to estimates by the United States Geological Survey.

Radio France Internationale

How Macron’s visit to Mongolia was focused on ensuring France’s uranium supply

Access to rare earth minerals and Russia’s war against Ukraine topped the agenda on French President Emmanuel Macron’s historic visit to Mongolia. But the joint declaration signed during the meeting also underlines France's attempts to find an alternative uranium source for its nuclear reactors.

Newcastle Herald

BHP warns IR laws will cost $1.3 billion

Mining union accuses BHP of resorting to an unfounded fear campaign.

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