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The Latest Breaking News from Mining

Cracks in the crypto world? This top data center provider is spending $500 million to turn former cryptomining sites into AI cloud facilities

AiOnX pays $500 million for major stake in Genesis Digital Assets, a US-based Bitcoin miner, plans to convert sites into AI cloud centers serving hyperscalers.

TechRadar

Stocks Slide as Artificial Intelligence Frenzy Eases

The S&P 500 Index ($SPX ) (SPY ) today is down -1.04%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.01%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -2.67%. September E-mini S&P futures (ESU26 ) are down -1.00%, and September E-mini Nasdaq futures...

Barchart

Stocks Retreat as Tech Shares Plunge

The S&P 500 Index ($SPX ) (SPY ) today is down -1.26%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.30%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -2.69%. September E-mini S&P futures (ESU26 ) are down -1.14%, and September E-mini Nasdaq futures...

Barchart

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Mystery of hit on Tren de Aragua leader: is it linked to US mining plans in Venezuela?

Trump boasted of assassinating Héctor Guerrero Flores but details are scarce and experts doubt it will harm drug trade

The Guardian - US

Egypt detains hundreds of people in crackdown on illegal gold mining

The Egyptian military warned that ‘it retains all available options to deal with all threats’

The Independent UK

Hindustan Zinc signs MoU to explore green hydrogen for mining operations

Hindustan Zinc is pioneering green hydrogen adoption for underground mining, partnering with Advantek Associates and Aero Eagle Automobiles. This initiative aims to slash carbon emissions and transition towards low-carbon, future-ready operations. The collaboration will explore hydrogen fuel cells and H2-ICE technologies, positioning the company as a leader in sustainable mining…

The Economic Times

These 3 Bitcoin Miner Stocks Are Riding the AI Data Center Boom

Hut 8, TeraWulf, and Core Scientific have each gained more than 90% YTD pivoting to AI data center landlordship, but valuations and timelines vary widely.

MarketBeat

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Aravalli Biodiversity Park helps Delhi retain 3 million litres of rainwater, reduce flooding: Study

Delhi's Aravalli Biodiversity Park is a vital green lung, retaining nearly three million litres of rainwater annually and significantly reducing flood risks. This restored forest, once a degraded mining site, now boasts over 2 lakh trees that also combat air pollution and act as a substantial carbon sink. Researchers highlight…

The Economic Times

IPO-bound Laxyo expands operations in Africa; bags Rs 200-crore order in Zambia

Indore-based Laxyo Ltd has significantly expanded its global footprint by securing a substantial Rs 200-crore raise-boring contract in Zambia. This marks the company's inaugural overseas project in this specialized mining technique, contributing significantly to its order book. The move positions Laxyo among international industry leaders and is a key step…

The Economic Times

Critical minerals, strategic stakes: Inside India's bid to break China's supply chain stranglehold

India and the US have inked a pact to secure critical mineral supplies, bolstering a broader Quad initiative aiming to invest $20 billion in mining and processing. This move aims to counter China's dominance in rare earths, crucial for clean energy and defense technologies. While India possesses significant reserves, developing…

The Economic Times

China hits back at US sanctions on tech giants, restricts exports to 10 American defense firms

China imposed export controls on 10 US companies involved in defence and rare earths mining in response to Washington's blacklist, and banned public procurement from dozens more firms, Beijing said Monday. China's finance ministry simultaneously announced a ban on agencies involved in public procurement from buying products made by 46…

The Economic Times

Coal companies to reap billions more in taxpayer diesel subsidies as Labor approves new mining

Albanese government under pressure to wind back fuel tax credit scheme for multinational miners as analysis shows cost to budget

The Guardian - AU

ED summons former Kerala CM's daughter again in CMRL money laundering case

The Enforcement Directorate has summoned Pinarayi Vijayan's daughter, Veena T, for a second round of questioning on June 29 regarding a money laundering case. The probe centers on alleged payments of Rs 2.78 crore from mining firm CMRL to Veena's defunct IT company, Exalogic Solutions, without services rendered. ED sources…

The Economic Times

ED attaches over Rs 1,000-cr assets in Goa 'illegal' iron ore mining case

The Enforcement Directorate has seized assets exceeding Rs 1,023 crore, including properties in Singapore, in a Goa illegal iron ore mining case. The probe into the Salgaocar Groups and associates revealed illegal mining between 2007-12, generating over Rs 2,492 crore in crime proceeds. These funds were allegedly laundered through offshore…

The Economic Times

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The Economic Times

CM Adityanath directs officials to take stringent action against illegal mining, cattle smuggling

Uttar Pradesh Chief Minister Yogi Adityanath has ordered a crackdown on illegal mining, cattle smuggling, and various mafia networks across the state. During a review of law and order and development in Jhansi, he emphasized stringent action against offenders and directed officials to utilize CCTV surveillance for monitoring mining activities.…

Bangkok Post

300 crypto machines seized

More than 300 cryptocurrency mining machines were seized during raids on illegal Bitcoin mining operations across five northeastern provinces, with total losses estimated at over 40 million baht.

The Guardian - UK

Jon Snow: A Last Big Story review – the finest swan song you could hope for

This documentary about the journalist’s Alzheimer’s soon takes a turn, as he hears of an unreported mining disaster and goes on the hunt for truth. It’s a dignified tale of a courageous, compassionate man

AAP

A top banker tried to sway Pope Leo XIV on rare earth mining

The head of Latin America's top development bank has made a case to Pope Leo XIV about the potential of rare earth mining

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The Independent UK

A top banker made a case for mining to Pope Leo XIV, who has seen its impact up close

The head of Latin America’s top development bank has made a case to Pope Leo XIV about the potential of rare earth mining

The Guardian - UK

‘It’s Russian roulette’: alarm as Europe backs critical minerals mines in water-stressed regions

Exclusive: European Commission planning to rewrite key law to allow water-intensive mines in regions suffering from drought

The Economic Times

Aura farming, cooked, G.O.A.T and more: Billionaire Anil Agarwal tries Gen Z slang trend with his interns

Vedanta Chairman Anil Agarwal is making waves online by attempting to decode popular Gen Z slang with his interns. In a light-hearted video, the billionaire industrialist grapples with internet buzzwords, admitting he's "still a work in progress." The candid clip has charmed viewers, showcasing a more relatable side of the…

AAP

FED:Aussie shares fall for second day as miners weigh

Mining stocks continue to weigh heavily on Australia's stock market, as gold stocks continue lower and as BHP flagged a multi-billion-dollar investment blowout.

AAP

Aussie shares scrape positive week despite mining rout

Rising global inflation has lifted the odds more central banks will have to hike interest rates, fomenting dark clouds over future earnings growth.

The Independent UK

Kristi Noem gets another new job after becoming‘ Shield of the Americas’ special envoy

She will use artificial intelligence to identify mining opportunities, the firm said

The Economic Times

Gold rush missed: Can India dig its way out of import dependence?

India's significant gold imports, exceeding 800 tonnes in 2024 while producing only 2 tonnes, highlight a missed opportunity. Learning from China's efficient domestic production and exploration excellence, India could revive its gold mining sector. This requires foreign capital, technology, and investor protections like Bilateral Investment Treaties to attract necessary investment…

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