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The Latest Breaking News from Mining

Son of mining mafia Haji Iqbal wanted in Rs 10,000 crore fraud held

MEERUT: Special Investigation Team (SIT) of Saharanpur police on Friday arrested Mohammad Javed, absconding son of mining mafia and former Bahujan Samaj Party (BSP) MLC Haji Iqbal alias Balla. Notably, several cases have been registered against Iqbal’s family in land fraud and other charges.

The Times of India

Australian mining contractor under investigation after eight workers die in Burkina Faso zinc mine disaster

A Perth-based mining contractor under scrutiny for two employee fatalities in Australia is now at the centre of an international investigation after eight workers die in a West African mine disaster.

ABC News

BIT Mining Clocks 40% Sequential Revenue Decline In Q1

BIT Mining Ltd (NYSE:BTCM) reported a first-quarter FY22 revenue decline of 40.4% Q/Q to $296.7 million. BTCM reported a sharp increase of $294.1 million from $2.6 million in revenue in 1Q21. Revenues during 1Q22 primarily consisted of $272.3 million in revenue contribution from the mining pool business. The online total hash rate capacity…

Benzinga

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G7 countries say strict environmental rules needed for deep-sea mining

The Group of Seven countries on Friday agreed stringent environmental controls should govern deep-sea mining and that they would consent to such mining projects only if they did not seriously harm the marine environment.

Reuters

Haryana: Deputy commissioner forms 2 teams to check illegal mining in Panchkula

PANCHKULA: Deputy commissioner (DC), Panchkula formed two special teams comprising administration, police, forest and RTA officials to conduct surprise inspections at all four official mining sites and compile a report on illegal mining, if any. A report has to be submitted in the DC office in a week.

The Times of India

Burbanks gold mine gets new lease on life amid Coolgardie renaissance and WA's latest boom

Coolgardie is enjoying a renaissance and returning to old workings last mined before World War I amid a new WA gold boom, nearly 130 years after it was discovered at the historic location.

ABC News

Central Queensland's LNP voters wait and watch new Labor government's policies on coal

Liberal National Party voters in central Queensland coal country are worried about the impacts of a Labor government on their livelihoods.

ABC News

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Mining company ready to rev on 'blue highway'

The new coastal shipping network excites those with skin in the game, carting goods from isolated locations like the West Coast.

Newsroom.co.nz

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

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

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Tribune News Service

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.

ABC News

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.

StockNews.com

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…

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Benzinga

Belo Sun Receives Interim Suspension Order Related To Volta Grande Project

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

Evening Standard

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

Benzinga

Finning Bags Mining Contracts In Canada, Chile

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

Evening Standard

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.

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.

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