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The Latest Breaking News from Mining

Al-Mudaifer: Saudi Arabia Attracting Foreign Investment to Explore Critical Minerals in the Region

Saudi Arabia is exerting efforts to drive foreign investments into the Kingdom and surrounding region for the purpose of exploring strategic and vital minerals used in renewable energy, Khalid Al-Mudaifer, Saudi vice minister for mining affairs, told Asharq Al-Awsat. According to Al-Mudaifer, international reports confirm the world’s need for these…

Asharq Al-Awsat

More than a board game – the painful hidden cost of monopolies

Monopolies don’t just dominate mining and banking – they loom large in sectors you might not initially think of, such as baby food and beer.

The New Daily

Afghanistan's Taliban administration in oil extraction deal with Chinese company

Afghanistan's Taliban-led administration is to sign a contract with a Chinese company to extract oil from the Amu Darya basin in the country's north, the acting mining minister said on Thursday.

Reuters

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Odisha CM Naveen Patnaik urged to reconsider decisions for auction of mines in virgin forests

BHUBANESWAR: Noted environmental activist Prafulla Samantara on Monday urged chief minister Naveen Patnaik to reconsider the decisions for auctions of five mines in virgin forests of Odisha. The auction date has been fixed on January 16.

The Times of India

In Afghanistan, coal mining relies on the labor of children

Since the return of the Taliban, Afghanistan's coal exports have increased — and so has child labor. At a coal mine in Baghlan province, boys earn between $3 and $8 for a day's work.

WEKU

Saudi Arabia Seeks to Attract $32 Billion Investments in Minerals Sector

Saudi Arabia can play a global role in providing the strategic minerals necessary for the transition to renewable energy, and achieving the goals of net zero emissions, said a report by the Payne Institute for Public Policy, affiliated with the Colorado School of Mines. The report was published by the…

Asharq Al-Awsat

Senior Provincial Official Pleads Guilty to Graft and Flouting Crypto Ban

Xiao Yi, a former political advisor and party chief in Jiangxi, received more than $18 million worth of bribes

Caixin Global

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Saudi Private Sector Operating Revenues Exceed $1 Trillion

Official statistics revealed that the operating revenues of the business sector in Saudi Arabia in 2022 exceeded 4 trillion riyals ($1 trillion). Data published by the General Authority for Statistics (GASTAT) on Wednesday highlighted the recovery of the business sector from the impact of the Covid-19 pandemic. Features of the…

Asharq Al-Awsat

London crypto firm Argo sells Bitcoin mine to Galaxy Digital to shore up finances

London-based crypto firm Argo has agreed to sell its Bitcoin mining facilities to New York-based Galaxy Digital as part of a $100 million deal to shore up its shaky finances.

Evening Standard

Azerbaijan demands Karabakh mine access as condition to end protests blocking road

Azerbaijan said on Tuesday protests which have blocked the supply route to ethnic Armenians in Nagorno-Karabakh for more than two weeks would be suspended if monitors were given access to what it calls illegal mining sites in the enclave.

Reuters

Electricity stolen for bitcoin mining in Buri Ram

BURI RAM: Police on Sunday searched a commercial building in Nang Rong district where electricity was suspected to have been stolen to operate bitcoin mining.

Bangkok Post

Key mining route cleared after days of protests, Peru government says

A key road for mining transportation in Peru was cleared after days of protests, a government minister said, as the country struggles with political tensions following the ousting and arrest of former President Pedro Castillo.

Reuters

Upper Hunter MP calls for review of mining buffer zones

Upper Hunter MP David Layzell has told the newly formed Hunter Expert Panel that existing regulation of buffer zones around former mine sites is inhibiting the economic diversification of the region.

Newcastle Herald

Commercial production at Cononish boosts Scotgold profits

Headcount continues to grow at Scotland's only goldmine, with more staff set to be added in the new year

Insider UK

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The Independent UK

Feds launching review of mine at site of endangered flower

Days after U.S. wildlife officials declared a Nevada wildflower endangered at the site of a proposed lithium mine, federal land managers are initiating a review of the project plans the developer says will allow the mine and flower to co-exist

The Independent UK

Inquest into deaths of four men in 2011 mining disaster to be reopened

Garry Jenkins, Philip Hill, David Powell, and Charles Breslin, were killed when thousands of gallons of water flooded the Gleision drift mine.

Asharq Al-Awsat

Saudi Arabia, France Discuss Health Sector Opportunities

Riyadh and Paris have discussed medical cooperation and available investment opportunities in the healthcare sector at a meeting of the Saudi-French Business Council on Tuesday. The meeting was attended by Saudi Investment Minister Khalid Al-Falih and France’s Minister of Foreign Trade Olivier Becht.

Newcastle Herald

Ex-Labor minister again found corrupt over Hunter Valley mining licences

The court on Tuesday found Macdonald had no reasonable cause or justification to grant two licences to Hunter Valley company Doyles Creek Mining in 2008.

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ABC News

Auditor General says WA environment at risk after watchdogs' powers reduced in COVID pandemic

The WA government's independent watchdog says departments tasked with policing the state's mining operations "did little to deter operators breaching conditions" after staff were moved away from compliance efforts at the height of the pandemic.

The Guardian - UK

‘It was a set-up, we were fooled’: the coal mine that ate an Indian village

The long read: In a pristine forest in central India, the multibillion-dollar mining giant Adani has razed trees – and homes – to dig more coal. How does this kind of destruction get the go-ahead?

AAP

Gas project cleared despite elder concerns

Mining leases should be granted to Santos for its Narrabri gas project, despite traditional owners' fears, the National Native Title Tribunal says .

ABC News

Former NSW Labor minister Ian Macdonald found guilty of corruptly awarding mining licence

Former NSW Labor minister Ian Macdonald has been found guilty of wilful misconduct after granting a mining licence to a company run by former union boss John Maitland.

AAP

Ex-Labor minister again found corrupt

Former NSW minister Ian Macdonald has again been found guilty of corruptly awarding a preliminary mining licence, but ex-CFMEU boss John Maitland is acquitted.

Birmingham Post

Mining firm Tungsten West boosts ore and mineral reserves at Plymouth mine

The AIM-listed company is expecting to start production at the mine in 2023

Asharq Al-Awsat

Jordan Signs MoU for Gold, Lithium Exploration

Jordan's Ministry of Energy and Mineral Resources and the Arab Mining Company signed Sunday two memoranda of understanding (MoU) to excavate lithium in Wadi Araba's Fenyan area and gold in Aqaba's Jabal Mubarak area. The Jordan News Agency (Petra) quoted Minister of Energy and Mineral Resources Saleh Kharabsheh as saying…

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