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The Latest Breaking News from Mining

Bitfarms Clocks 42% Revenue Growth In Q1 Amid Declining Bitcoin Prices

Bitfarms Ltd (NASDAQ:BITF) reported first-quarter FY22 revenue growth of 42% year-on-year to $40.3 million. Revenues were down from $60 million in 4Q21. Bitfarms mined 961 Bitcoin (BTC) at an average cost of production of $8,700 per BTC during Q1. The gross margin contracted 2,600 bps to 42% as costs surged 155.4% Y/Y. The…

Benzinga

Gold Basin Reports Multiple Thick Intersections Including 51.8m @ 1.4 G/T Gold from Maiden Drill Program at Stealth Deposit

Vancouver, British Columbia – TheNewswire - May 11, 2022: Gold Basin Resources Corp. (the "Company" or "GXX", (TSXV:GXX) (OTC:GXXFF) is pleased to provide an update on the Company's Maiden Drill program on its 100%-owned Stealth Deposit at the Gold Basin oxide gold project in North-West Arizona.

Benzinga

Rejection of Arctic mine expansion bid offers hope for narwhal population

Conservationists and Inuit community relieved at decision on Canadian iron mine that threatened ‘extirpation’ of cetacean

The Guardian - US

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Esperance Aged Care Facility requests mining company donation to reopen beds, ease waitlist

The Esperance Aged Care Facility is asking for a slice of a mining company's donation so it can reopen beds to the community.

ABC News

Humans have big plans for mining in space – but there are many things holding us back

Like Earth, planetary bodies such as the Moon, Mars, asteroids and comets contain substantial deposits of valuable resources. This has caught the attention of both researchers and industry, with hopes of one day mining them to support a space economy.

The Conversation

Chile's constitutional assembly rejects major mining overhaul

A constitutional assembly in the world's top-copper producing nation on Saturday rejected a major overhaul to mining rights, including expanding Chilean state ownership.

Reuters

Tocvan Closes Unit Private Placement

Calgary, Alberta – TheNewswire - May 9, 2022 – Tocvan Ventures Corp. (the "Company") (CSE:TOC); (OTC:TCVNF); (WKN:TV3/A2PE64), is pleased to announce that it has closed its previously announced non-brokered private placement of units ("Units") for gross proceeds of $346,200 (the "Offering"). The Offering consisted of the issuance of an aggregate…

Benzinga

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Andhra Pradesh: Check sand mining from Arani river bed, TDP urges Mines Minister

‘The illegal activity, besides posing a threat of flash floods, is causing a dent in State revenue’

The Hindu

Abandoned mine lands restoration brings excitement, but long-term challenges for communities remain

The initiative outside of Norton is called Project Intersection and strives to combine reclamation efforts with economic development. The planting project extends over three acres of land, though the strip mine site is close to 200 acres, encompassing an old high wall, a mining feature that can deteriorate and crumble.

WEKU

In the wake of mining: Hunter town finding optimism in industry diversity

In the next three years there will no longer be any coal mining in the Gloucester region.

Newcastle Herald

Angst over controversial Royalties for Rejuvenation fund, but critics say it's "spit in the ocean" for coal communities

IT'S been labelled by critics as a "spit in the ocean", "spare change", "modest", "a cheap and insulting thought bubble" and "an absolute joke".

Newcastle Herald

Geothermal energy: A new, green lease of life for old coal mines

Coal mining has long polluted the natural environment, with devastating consequences. But today, could it be a source of renewable energy? Down to Earth travels to the UK where disused, flooded coal mines are now reservoirs of geothermal energy.

France 24

More states want power to approve wetlands development

In 2020, Florida became just the third state — and the first in decades — to take over management of a key federal Clean Water Act program. Now, state rather than federal officials decide whether companies can dredge and fill wetlands and waterways for projects ranging from mining to housing…

Tribune News Service

Hut 8 Mining Registers 67% Revenue Growth In Q1

Hut 8 Mining Corp (NASDAQ:HUT) (TSX:HUT) reported first-quarter FY22 revenue growth of 67% year-on-year to C$53.3 million. EPS was C$0.31. Hut 8 currently has an installed hash rate of 2.54 EH/s, up 27% from December 31. As of March 31, Hut 8 had a total Bitcoin balance of 6,460 with a market…

Benzinga

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Reuters

Peru community wants its land back, threatening Chinese copper mine

The community of Fuerabamba in the Andean region of Peru was resettled eight years ago to make way for a giant Chinese-owned copper mine, in a $1.2 billion scheme billed as a model solution to protests dogging the South American nation's mining sector.

The Guardian - UK

NFT scams, toxic ‘mines’ and lost life savings: the cryptocurrency dream is fading fast

It was supposed to be a financial revolution. Instead, crypto has become an environmentally disastrous gift to con artists, says academic David A Banks

Daily Record

Inside the heroic Amazon tribe who took on monster diggers tearing up rainforest

Reporters joined the Shuar Arutam people on patrol to learn how they are using technology to protect the jungle from deforestation.

The Hindu

Jharkhand government suspends Mining Secretary Pooja Singhal arrested in money-laundering case

"The government has suspended Pooja Singhal with immediate effect under the provisions of All India Services (Discipline and Appeal Rules, 1969),” an official said

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The Hindu

Enforcement Directorate attaches former Odisha MLA Jitu Patnaik’s assets worth ₹133 crore

Action comes over alleged illegal mining

Daily Mirror

Inside the heroic Amazon tribe who took on monster diggers ripping rainforest apart

EXCLUSIVE: The Mirror joined the Shuar Arutam people on patrol to learn how they are using technology to protect the jungle from extractive activities such as oil, mining and logging

The Conversation

4 reasons why the Morrison government's forestry cash splash is bad policy

This federal election campaign has involved very little discussion of environmental or natural resource policies, other than mining. An exception is a A$220 million Morrison government pledge for the forestry industry.

Salon

Chemists want to mine e-waste for metals

We're leaving the fossil fuel era and entering an "age of metals" — and that may mean sifting through our trash

Reuters

Australia's #MeToo puts miners and ministers in crosshairs of history

Australia's mighty #MeToo wave is piling pressure on mining and political leaders who are preparing to face a reckoning over sexual harassment scandals stretching from the arid Outback to Parliament House.

Bangkok Post

M Vision organises expo to showcase digital assets

Driven by the hype surrounding crypto investment, M Vision Plc, the organiser of Thailand Mobile Expo, is holding Thailand Crypto Expo to showcase digital assets, exchanges and crypto mining equipment, in parallel with its four-day flagship mobile phone fair, which kicks off today.

Bangkok Post

JTS shares rise despite crypto slump

Shares of Jasmine Technology Solutions (JTS), a Bitcoin mining operator, rose on Wednesday despite the current downturn in the global cryptocurrency market after the company reported impressive first-quarter revenues.

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