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The Latest Breaking News from Mining

'Collateral damage': hundreds more mining jobs axed

About 1000 workers will be out of a job after a second major miner revealed cuts, sparking fears communities will pay a heavy price in a royalties dispute.

AAP

Queensland deputy premier labels BHP ‘unAustralian’ as mining giant blames job cuts on coal royalties scheme

Jarrod Bleijie defends levy as BHP Mitsubishi Alliance moves to mothball Saraji South mine and slash 750 jobs

The Guardian - AU

Coal 'crisis': hundreds of jobs cut, mine mothballed

A mining giant has been labelled "un-Australian" by a state government for cutting hundreds of jobs and mothballing one of its oldest sites.

AAP

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Endangered pink river dolphins face a rising mercury threat in the Amazon

Scientists in Colombia’s Amazon are capturing and testing endangered pink river dolphins to monitor mercury contamination from illegal gold mining and deforestation

The Independent UK

Gold Smash Records At $3,700 As Analysts Say This Rally Is Just The Beginning Of A New Cycle For Precious Metals And Mining Stocks

Gold prices are surging to unprecedented levels, with spot gold briefly hitting a new record high of $3,699.57.

Benzinga

Community fights lead mine near primary school as report highlights Australia’s failure to protect children

Report commissioned by Mudgee health alliance suggests mine’s health and environmental assessments accepted by NSW government contain errors and outdated evidence

The Guardian - AU

Sprott Unearths A Metals ETF That Targets Hidden Gems

Sprott Inc. (NYSE:SII) introduced a new actively managed ETF that invests through the entire metals and mining lifecycle.

Benzinga

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Segments Cloud Computing LLC: Supporting Crypto Mining in the UAE

Segments was formed in response to the growing interest and need for reliable crypto mining services in the region. Its origins trace back to 2017, when its founders began mining Bitcoin on a small scale.

International Business Times

Takeaways from AP's report on a boom in mercury mining in central Mexico

The soaring price of gold is fueling a mercury boom in central Mexico

The Independent UK

Move Over, Mag 7—Gold Miner ETFs Are Running The Show Now

Gold mining ETFs are rallying with the bullion, with the Themes Gold Miners ETF (NASDAQ:AUMI) reaching a 52-week high on Friday at $74.89 — up around 121% from lows.

Benzinga

The ‘mercury boom’ sparking toxic gold mining and putting lives in danger

Soaring international gold prices are driving up the price of mercury, a toxic metal key in illegal gold mining, to all-time highs

The Independent UK

Gold Miners Cut Direct Emissions, But ESG Intensity Worsens, Report

Global gold producers cut combined Scope 1 and 2 greenhouse-gas emissions to below 30-million tons of CO₂ equivalent in 2024, the lowest level in a decade. With gold prices reaching fresh all-time highs, the environmental, social, and governance (ESG) awareness for the mining sector is one of the metrics in…

Benzinga

Mining companies leave many Queensland farmers’ land barren and broken. When they go belly up who pays for rehabilitation?

‘I just want them to pay up what they owe me, rehab that country and get the hell out of here,’ says farmer Patricia Goodwin

The Guardian - AU

Why Freeport-McMoRan (FCX) Stock Is Falling Today

Freeport-McMoRan Inc (NYSE:FCX) shares are trading lower Friday afternoon as mining operations at its Grasberg minerals district in Indonesia remain temporarily suspended. The halt follows a September 8 mud flow incident that trapped seven contract workers in the Grasberg Block Cave mine, a critical asset for the company’s copper and…

Benzinga

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International Business Times

Norway Sovereign Wealth Fund Drops French Miner Over Environmental Fears

Norway's sovereign wealth fund said Friday that it was excluding French mining company Eramet from its portfolio, citing risks that the company was contributing to human rights violations and environmental damage at a nickel mine in Indonesia.

International Business Times

Indonesia Seizes Part Of Nickel Site Over Forest Violations

Indonesian authorities have seized a small section of the world's largest nickel mine for encroaching on forest areas without permission, authorities said Friday.

Benzinga

Anglo Teck: A New Copper Empire Is Quietly Taking Shape

Anglo American Plc's (OTCPK:NGLOY) (OTCPK:AAUKF) bold tie-up with Teck Resources Ltd (NYSE:TECK) is shaping up to be more than just another mining merger—it's a copper power play that could redraw the global commodities map.

Benzinga

What's Going On With BIT Mining (BTCM) Stock Thursday?

BIT Mining Ltd – ADR (NYSE:BTCM) shares are trading higher Thursday morning after announcing an expansion of its Solana (CRYPTO: SOL) holdings. Here’s what investors need to know.

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Benzinga

Barrick Hands Hemlo Gold Mine To New Owner In $1.09 Billion Deal

Barrick Mining Corporation (NYSE:B) announced Wednesday that it has struck a deal to divest its Hemlo Gold Mine in Ontario, Canada, in a transaction worth as much as $1.09 billion.

Benzinga

Three Junior Miners To Watch For Precious Metals Rally Catch-Up

Precious metals have been outstanding performers this year, with gold and silver rallying 39.16% and 42.17% respectively. Naturally, this has been a significant boost for the sector, as Sprott Gold Miners ETF (NYSE:SGDM) doubled, rising 98% year-to-date.

Benzinga

Gold Displays 'Classic Stagflationary Behavior' As Yellow Metal Heads To $3,700-Mark: 'Seeing 1970s Dynamics In Real Time'

Gold and gold mining stocks are significantly outperforming the broader market, with analysts attributing this surge to “classic stagflationary behavior” as the precious metal hovers near the $3,700 per ounce mark.

Barchart

If You Think Dogecoin Is Headed to $1, This Penny Stock Is a Screaming Buy

Trump-linked penny stock TZUP is betting big on Dogecoin, with $103M in projected revenue if DOGE hits $1.

Benzinga

America Is Sitting On A Treasure Trove of Clean-Energy Minerals – And Wasting Most Of It

The rate of electric vehicle adoption has increased, with California having more than 1 million registrations as of 2023. While that represents 35% of the country's electric vehicles, Florida and Texas also had over 200,000 registrations in 2023, according to the US Department of Energy.

The Independent UK

Trump administration wants to cancel Biden-era rule that elevated conservation on public land

Interior Secretary Doug Burgum wants to cancel a public land management rule that elevated the importance of conservation

MarketBeat

3 Plays on Gold in Case Trust in the Fed Slips

With the price of gold already rallying and set to jump even further, these three investments could set investors up to reap big rewards.

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