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The Latest Breaking News from Mining

Labor rules out mining tax despite Ross Garnaut warning of ‘deep wounds’ from energy prices

Economist tells Jobs and Skills Summit ‘we are kidding ourselves’ if Australia focuses on wage rises rather than mineral rent tax

The Guardian - AU

The Artemis I mission marks the start of a new space race to mine the Moon

NASA plans to launch the Artemis I lunar mission this Saturday, September 3, after a first attempt earlier in the week was cancelled at the last minute due to engine trouble.

The Conversation

EXCLUSIVE: Bitcoin Price Fluctuations Do Not Affect Miners' Profitability, BitPatagonia CTO Says

Fluctuations in the prices of Bitcoin (CRYPTO: BTC) only affect investor sentiment in the short term and do not impact miners’ profitability.

Benzinga

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3 Gold Stocks to Help Hedge Your Portfolio

Gold has fallen from its highs this year. However, the metal could soar once again soon, according to analysts. Moreover, as gold is considered a safe haven asset, we think gold mining stocks Torex Gold (TORXF), GCM Mining (TPRFF), and Jaguar Mining (JAGGF) might be solid buys to hedge one’s…

StockNews.com

NGT slaps hefty fine for sand mining in Odisha’s Budhabalanga river bed

Two lessees accused of causing loss of revenue and ecological damage by mining sand vastly beyond permissible limit

The Hindu

EV boom could bring lithium mines to NC

Not all locals are happy about it

Salon

Qld not entitled to most Acland royalties

Land title rules mean Queensland will likely miss out on more than 90 per cent of royalties generated if a new coal mine goes ahead.

AAP

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Aussie miners told how to pivot and profit

The once-in-a-generation shift in demand to minerals needed for a cleaner world makes Australia a winner, but miners are also being urged to decarbonise.

AAP

Centennial Coal to require bilateral approval for mine near Lithgow in nationally significant environment

A coal mining company will have to satisfy the federal Environment Minister its operation will not cause irreversible damage to world-renowned ecosystems.

ABC News

RFHRF: Renforth Resources Continued to Advance Surimeau with a Spring Prospecting Campaign & a Summer Follow-Up Program Leading to Lalonde's Mineralized Strike Expanding from 2.5km to 9km.

By Steven Ralston, CFA OTC:RFHRF READ THE FULL RFHRF RESEARCH REPORT

Benzinga

Ford Motor Co. pushes for faster critical mineral mine permitting

WASHINGTON — Ford Motor Co. is advocating for the federal government to expedite permits for critical mineral mining, according to a filing submitted to the Department of the Interior on Tuesday.

Tribune News Service

Making EVs without China's supply chain is hard, but not impossible – 3 supply chain experts outline a strategy

Two electrifying moves in recent weeks have the potential to ignite electric vehicle demand in the United States. First, Congress passed the Inflation Reduction Act, expanding federal tax rebates for EV purchases. Then California approved rules to ban the sale of new gasoline-powered cars by 2035.

The Conversation

Price Hike Doubles Value of Mineral Wealth in Saudi Arabia

The value of the Saudi mineral wealth, estimated several years ago at about SR5 trillion, has doubled with the increase in the price of minerals, especially gold, copper, and zinc, CEO of Saudi Geological Survey (SGS) Ahmed al-Shamrani has announced. The numbers boost the value of the Saudi economy, especially…

Asharq Al-Awsat

Chile's president says mining sector tax reform up for debate

Chilean President Gabriel Boric said in a speech late Tuesday that any changes in the country's tax law that would affect the mining sector are still up for discussion, with a vote scheduled in Congress in coming weeks.

Reuters

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AAP

Emissions results unclear for NSW mining

A government project to reduce emissions in regional NSW remains in its "very early stages" as mining exploration proceeds and rare earths projects are pursued.

The Guardian - AU

Huge profits for fossil-fuel giants Woodside and Santos stoke calls for windfall tax

Senator David Pocock and Bob Carr among those urging Albanese government to claw back massive mining profits

The Hindu

HC stays mining across Ravi river in Punjab’s Pathankot, Gurdaspur

BSF and Army say unchecked sand mining by heavy duty excavators can jeopardise security of border areas

Benzinga

Westward Gold Completes Turquoise Canyon Anniversary Payment

Vancouver, British Columbia – TheNewswire - August 24, 2022 – Westward Gold Inc. (CSE:WG), (OTC:WGLIF), (FSE:IM50) ("Westward" or the "Company") announces that it has completed its third anniversary payment to First Mining Gold Corp. ("First Mining") related to the option agreement (the "Agreement") entered into by Momentum Minerals Ltd., a…

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Tribune News Service

Texas crypto-mining rush may need as much power as entire state of New York

Crypto currency miners are accelerating their push to expand in Texas far beyond what authorities had initially expected, threatening to send the state’s electricity use skyrocketing.

The Independent UK

Israeli tycoon appeals corruption conviction in Swiss court

Israeli diamond magnate Beny Steinmetz is returning to a Geneva courthouse to appeal his conviction on charges of corrupting foreign public officials and forging documents

Reuters

Former Rio Tinto mine at Bougainville poses flood risk - report

Communities around Rio Tinto's shuttered copper mine in Bougainville face a serious threat of flooding due to unstable mine instrastructure, an interim report commissioned by the mining company said on Monday.

Bangkok Post

Listed crypto miners post H1 losses

Several listed crypto mining companies reported operating losses in the first half of this year as crypto prices tanked, forcing many crypto platforms to go bankrupt.

ABC News

The Greywolf 'goldmine' that never paid off and the elusive man behind it all

Novice investors were convinced to place their hard-earned money in Greywolf, assured of life-changing riches. Instead, they became part of a trail of financial destruction.

ABC News

Wages growth jumps for new hires, Seek figures on advertised wages show

Wages growth jumps for new hires, but research shows under-35s are bearing the brunt of a falling share of income going to workers.

Reuters

Chile warns area around sinkhole at high risk of further collapse

Chilean authorities warned that the area around a copper mine where a sinkhole suddenly appeared is at high risk of further collapse and has set up a security perimeter.

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