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The Latest Breaking News from Mining

‘Greedflation’ – it’s a boon for business but hurts average Australians

Profit-driven inflation: People who decide the prices they charge us like to say that they ‘have no choice’, but they do.

The New Daily

Concerns raised over mining companies’ role in battery passport scheme

ERG and Glencore are among founders of ReSource, a proposed joint venture that is also backed by Tesla

The Guardian - UK

Dozens are reported dead from a fire deep in a gold mine in Peru

The Yanaquihua mining company said 175 workers had been safely evacuated after the accident. It said the 27 dead worked for a contractor that specializes in mining.

WEKU

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Mining boss's shock glaucoma diagnosis prompts warning for others to get eye tests

Duncan Craib says he had never heard of glaucoma before he was diagnosed with the eye condition aged 49. Now, he's warning people over 40 to get regular eye tests.

ABC News

Demolition of asbestos town Wittenoom starts, as government warns visitors to stay away

The former mining town of Wittenoom in Western Australia will be demolished and asbestos buried, but authorities warn blue asbestos could remain.

ABC News

Is Gold on a Launchpad?

Gold was sitting above the $2,000 per ounce level on the nearby COMEX futures contract on May 5, 2023. Gold is the world’s oldest currency, and profound changes in the global financial system could mean an explosive move in the precious metal as the only thing governments agree on is…

Barchart

Deep-Sea Mining Applications to Start in Summer: Kiplinger Economic Forecasts

Deep-sea mining applications are due to start in the summer, but it's unclear when mining will actually begin.

Kiplinger

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Gangavati Assembly constituency: Mining baron’s entry into the fray here has stirred up traditional poll equations

Gangavati Assembly constituency in Koppal district, which has seen a triangular battle between the Congress, BJP, and JD(S) in the last four Assembly elections, has a new entrant in the Kalyana Rajya Pragati Paksha (KRPP), replacing the JD(S) in the fight.

The Hindu

U.S. Bitcoin Mining Consumed 50 Billion kWh of Energy in 2022

The White House's recently-published DAME tax proposal report brings to light estimates showing that national Bitcoin mining consumed more power than all of the United State's computers combined.

Tom’s Hardware

After Reaching a One-Year High, is Silver Ready for Explosive Gains?

Silver can be the most volatile precious metal as it attracts speculative and trend-following interest on the up and downside. Silver has long been gold’s sibling, and the yellow metal rose to a new record high this week. An explosive rally in silver could be on the immediate horizon.

Barchart

Tesla Eyeing EV Battery Material Extraction, Processing In Canada: Report

Elon Musk has said Tesla may get into the mining and refining business, and we know the company has some plans underway. Now it may be looking to Ontario.

InsideEVs

Energy Minister Chris Bowen announces new Net Zero Authority to help transition from coal-fired generation

The new government-led agency — the Net Zero Authority — will help reskill workers in mining and coal-fired generation and provide more funding for renewable energy.

ABC News

New Zealand to review risk and benefits of seabed mining

New Zealand will undertake a review of the risks and benefits of seabed mining and whether domestic regulation is needed, the government announced on Friday.

Reuters

So, you're telling me that US crypto mining used more power last year than ALL THE COMPUTERS?!

The upper limit could actually put it on par with the energy consumed by all the lighting in the United States. Eep.

PC Gamer

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PC Gamer

Biden proposes heavy tax on cryptocurrency miners for 'the harms they impose on society'

Better late than never?

Barchart

Crypto’s Rebirth Has Question Marks

Cryptocurrencies have experienced an impressive rebound in 2023. This has also led to a rebound in crypto mining stocks. But will this rally continue?

Tom’s Hardware

Biden Budget Proposes 30% Electricity Tax on Cryptomining

The Biden Administration wants to crack down on high energy consumption from cryptomining operations.

The New Daily

Clean energy often has dirty ethics based on human rights abuses

The switch away from fossil fuels to renewable energy is going hand-in-hand with a massive expansion of mining for essential minerals.

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The Times of India

Bhutan plans a $500 million fund for crypto mining in the Himalayas

Bhutan’s investment arm and Nasdaq-listed company Bitdeer Technologies Group plan to seek investors for a fund worth up to $500 million that will be used to develop green crypto mining in the Himalayan kingdom.

The Hindu

Morning Digest | Centre extends date to opt for higher EPF pension; man detained after ‘shotgun cartridges’ thrown into Buckingham Palace grounds, and more

The Hindu’s Morning Digest brings readers a select list of stories to start the day

Daily Mirror

Inside abandoned Cornish mine transformed into fabulous luxury home

The site is an Ancient Monument and all of it lies within the Cornish Mining World Heritage Site area

Salon

SCOTUS ruling to affect Clean Water Act

The fate of millions of acres of wetlands hinges on five vague words in the Clean Water Act

StockNews.com

Fool's Gold: Why These 2 Stocks Are Not Worth Your Investment

While gold’s “safe-haven” appeal increases during uncertain economic conditions, it could be wise to avoid fundamentally weak gold stocks GoldMining Inc. (GLDG) and Blackrock Silver (BKRRF) amid potential price pressure the precious metal might witness in the near term. Read on to find more….

The Hindu

Nine years after ban, coal mining to resume in Meghalaya, says CM Sangma

Despite the ban on rat-hole coal mining, the fossil fuel has been extracted and transported illegally for years in Meghalaya.

Asharq Al-Awsat

Saudi Minister of Industry Announces 50 Investment Opportunities in Machinery, Equipment Sector

Saudi Minister of Industry and Mineral Resources Bandar bin Ibrahim AlKhorayef announced that the industry and mining sector is working with relevant authorities to attract 50 investment opportunities worth more than SAR 96 billion in the machinery and equipment sector. AlKhorayef indicated that among the largest projects achieved during 2021…

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