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The Latest Breaking News from Mining

Afghanistan's Taliban step up coal exports to boost local budget

The Afghan Taliban are stepping up coal exports to Pakistan and have raised duties on sales, officials said, as the group aims to generate more revenue from its mining sector in the absence of direct foreign funding.

Reuters

Tesla's Megapacks are ready to power Block's sustainable bitcoin rig

Block, Blockstream, and Tesla are teaming up to experiment with the world's first truly carbon-neutral cryptocurrency-mining facility.

Input

Nvidia Says 'Nominal' Crypto Mining Chip Sales Behind 52% Decline In 'OEM And Other' Revenue

Chip manufacturer NVIDIA Corporation (NASDAQ: NVDA) attributed its 52% decline in "OEM and Other" market platform revenue to a decline in Cryptocurrency Mining Processor (CMP) sales.

Benzinga

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Australia's Fortescue pursues quantum leap in green hydrogen quest

Fortescue Metals Group is funding research by a quantum computing venture into ways to produce cheap and abundant green hydrogen as part of the Australian mining giant's ambition to become the world's top green energy group.

Reuters

Why Investors Shouldn't Worry About NVIDIA's Underwhelming Quarter

Shares of NVIDIA Corporation (NASDAQ: NVDA) are sliding after hours after the company’s EPS came in lower than Street estimates and underwhelming guidance. The company also cited weakness in demand for chips for cryptocurrency mining.

Benzinga

Special postal cover released on 3rd Century Kodavali Buddhist stupa in Andhra Pradesh

Spread over 1.80 acres on a hill at Kodavali village, the stupa faces risk of damage due to proposed laterite mining in the area

The Hindu

Here’s why crypto companies are flocking to Texas

Mance Harmon graduated from college in 1993 when the World Wide Web was just getting ripples, so he remembers the frustrations of trying to explain it to his parents. It didn’t make sense to them until they got an email account, but now, everyone intuitively understands the Internet, he said.

Tribune News Service

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Fortescue Metals could face paying traditional owners millions of dollars in native title compensation claim

The Yindjibarndi traditional owners won a landmark native title case in the Pilbara in 2020 in a David-and-Goliath battle with mining giant Fortescue Metals Group, however, negotiations over royalties for mining iron ore on their land fell through. Now they are launching legal action against FMG for compensation.

ABC News

Regional Queensland voted for the Liberal National Party. What do they make of the Labor government and 'greenslide'?

The Liberal National Party has retained 70 per cent of federal seats in Queensland, leaving many in the agriculture and mining sectors worried the inner-city electorates' embrace of the Greens could deepen the regional divide between city and country.

ABC News

Should You Buy Gold Stocks Amid the Stock Market Correction?

The stock market is sinking deeper on concerns over the sky-high inflation and the Fed’s hawkish tilt. Although gold is traditionally seen as a safe-haven asset in times of uncertainties, will gold stocks be smart investments now? Let’s analyze three gold stocks, Yamana Gold (AUY), B2Gold (BTG), and Centerra Gold…

StockNews.com

Belo Sun Receives Interim Suspension Order Related To Volta Grande Project

Belo Sun Mining Corp. (TSX: BSX) (OTC: BSXGF)

Benzinga

Mining giant Glencore to pay a billon dollars after bribery probes

The announcement came after Glencore Energy UK indicated in a London court it will plead guilty

Evening Standard

Finning Bags Mining Contracts In Canada, Chile

Finning International Inc. (TSX: FTT) (OTC: FINGF)

Benzinga

Glencore ‘to plead guilty’ over £20m bribery case in Africa

The Serious Fraud Office has charged Anglo-Swiss mining giant Glencore with seven counts of bribery after a long-running probe into its activities in Africa.

Evening Standard

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Asharq Al-Awsat

Ma’aden Included on Forbes 2000 List of World’s Largest Public Companies

Forbes Global 2000 has included the Saudi Arabian Mining Company (Ma’aden) in the World’s Largest Public Companies List based on its asset value, market value, net income and revenues, reported the Saudi Press Agency. The list included 40 Arab companies, 16 of which were Saudi. Ma'aden stated that this achievement…

Benzinga

Update on Rogers Creek Transaction

Calgary, Alberta – TheNewswire - May 19, 2022 – Tocvan Ventures Corp. (the "Company") (CSE:TOC); (OTC:TCVNF); (WKN:TV3/A2PE64), is pleased to announce that it has executed an assignment agreement (the "Agreement") for the sale of the Rogers Creek project to Cascade Copper Corp. ("Cascade Copper"). The transaction consisted of the sale…

ABC News

NT farmers worried about the race to renewables and lithium exploration in the Top End

Pastoralists facing the prospect of a new Northern Territory mining push to get the metals needed for renewable energy batteries fear their environmental concerns will be ignored.

Benzinga

Gold Production Releases Five Times More Greenhouse Gases Into The Air Than Bitcoin Mining

If you were to ask 100 people what is worse for the environment, Gold or Bitcoin, I would not be surprised if the majority said Bitcoin. However, they would be very wrong. Bitcoin and the energy crisis

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The Conversation

Rising sea levels are driving faster erosion along Senegal's coast

Coastal retreat in West Africa is a pressing problem. The contact between land and sea on coasts produces intense erosion and sedimentation processes. When erosion is more intense than deposits of soil and sand, the sea advances and the coastline retreats. This can be caused by intense storms, coastal works,…

The Times of India

Special drive to check illegal bajri mining underway in Jodhpur

JODHPUR: Illegal gravel (bajri) mining is continuing unabated in Jodhpur despite preventive and punitive measures by the mining department, police and administrative officials.

Reuters

Peru's Castillo shuffles Cabinet again; replaces mining minister

Peru's President Pedro Castillo shuffled his Cabinet on Sunday, including replacing the interior minister and the important mining minister amid rising tensions over protests in the world's second largest copper producing country.

The Times of India

Uttar Pradesh CM Yogi Adityanath clicks on ‘Mine Mitra’ portal for more transparency

LUCKNOW: Chief minister Yogi Adityanath inaugurated the E-Seva portal for the mining department, called ‘Mine Mitra’, on Saturday. The portal will work as a single-window system for various processes linked with the department, making its functioning more transparent and easing several processes like application for permits and leases, officials said.

The Times of India

Jharkhand CM Hemant Soren orders fortnight-long drive to curb illegal mining

RANCHI: Chief minister Hemant Soren on Saturday directed authorities concerned to run special drives from June 1 to 15 to curb illegal mining activities in the state and also instructed the districts to install CCTVs in all mining zones and check-posts apart from orders to set up toll-free numbers to…

The Times of India

Gujarat IAS Officer K Rajesh used poll account to launder crores, says CBI

AHMEDABAD: From a meagre Rs 5 lakh balance, the election expenditure account of the then Surendranagar district collector K Rajesh swelled up to Rs 5 crore in a span of nearly four years between 2018 and 2021. This is one of the ways in which Rajesh allegedly used the government…

InsideEVs

What Might Tesla's Nickel-Mining Deals Suggest About Future Strategy?

Tesla and other automakers’ reliance on battery minerals is crucial. With a new long-term nickel contract and mineral suppliers, Tesla is now showing its hand.

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