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The Latest Breaking News from Mining

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

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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

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.…

The Economic Times

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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.

Bangkok Post

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

The Guardian - UK

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

AAP

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 Independent 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 Guardian - UK

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…

The Economic Times

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

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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…

Evening Standard

Mining company fined after experienced electrician killed by mine fan

Colin Thwaites died in October 2024 while working at Lochaline Quartz Sand Limited’s underground mine in the Highlands.

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The Guardian - UK

Protesters to rally against World Cup sponsor Hyundai before Mexico game

Business dealings by Hyundai with the mining company Ternium will be the focus of a rally before Mexico v South Korea in Guadalajara on Thursday

The Economic Times

Which city is known as the world's gold capital? The historic gold discovery that changed an entire world’s future

Johannesburg, known as the "Gold Capital of the World" or "eGoli," rose to prominence after a significant gold discovery in 1886. This sparked a global gold rush, transforming the Witwatersrand Basin into a major mining hub. The region has since produced nearly 40% of all gold ever mined, solidifying Johannesburg's…

The Times of India

Meet Gina Rinehart: Australia’s richest woman who just invested $1.4 billion in Elon Musk’s SpaceX

For decades, the fortune of Australia's wealthiest citizen has been tied to iron ore buried deep beneath the country's red earth. Yet in recent years, Gina Rinehart has gradually expanded her interests far beyond mining, backing sectors she believes will shape the decades ahead. Space exploration now appears to sit…

Euronews

Activists denounce Israeli miner ICL in Spain and its links to white phosphorus

An activist camp and the documentary ‘Salt in the Wound’ denounce environmental damage by ICL in a Catalan mining basin and its ties to white phosphorus used in warfare in Lebanon.

AAP

Gina Rinehart's flagship iron ore mine lays off workers

One of Australia's largest mining operations, owned by billionaire Gina Rinehart, is laying off staff in a bid to extend its mine life by 10 years.

International Business Times

Dana Mincey-Breaux On Building America's Critical Minerals Future Through a Proven Industrial Model

While policy momentum and capital deployment have accelerated in recent years, Dana Mincey-Breaux, Managing Director of Fenix Capital, argues that the central challenge is not strategic intent.

The Economic Times

56 million dead, one frozen secret: Antarctica outed the deadliest secret in human history

Antarctic ice cores climate change: Scientists found ancient air trapped in Antarctic ice. This ice holds records of Earth's atmosphere for thousands of years. It shows volcanic events and human activities like mining. A significant drop in carbon dioxide levels is linked to the devastating impact of European colonization on…

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