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The Latest Breaking News from Mining

Mining tech firm is first to get federal fund money

Russell Mineral Equipment will get $40 million from the federal government's National Reconstruction Fund, allowing it to remain Australian-owned and operated.

AAP

Australian shares surge to another record high

The ASX200 finished up 0.9 per cent to set a new record closing high after climbing above 8,400 for the first time in afternoon trade.

AAP

Australian goldminer to pay Mali $160m to free detained CEO and executives

Group were held after a meeting about what mining firm referred to as unsubstantiated claims regarding taxes and levies

The Guardian - UK

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Australian mining company to pay Mali junta $160m for release of CEO

Australia's Resolute Mining said Monday it has struck a deal worth $160 million (€151 million) with the military government of Mali, after the company's CEO and two other executives were "unexpectedly detained".

Radio France Internationale

South African miners trapped underground: What you need to know

Police officials surrounded the mine and cut off suppliers to the illegal miners, hoping to force them out.

Al Jazeera

Perth mining company pays $247m to free CEO in Mali

Resolute Mining has already paid $123 million to the government of Mali and promised to pay $123 million more after three employees were detained 10 days ago.

AAP

Premier flags tax stability for multinational miners

A mining boss has labelled Queensland's coal royalty scheme a 'sugar hit' as the premier looks to incentivise business with fewer taxes and regulation.

AAP

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Miners holed up in abandoned South Africa shaft ‘starving’

Rescue operations involving volunteers ongoing in Stilfontein amid reports that hundreds are still trapped underground.

Al Jazeera

Mineral Resources claws back $158,000 in rent relief to corporate entities linked to embattled boss Chris Ellison’s daughter

Billionaire mining executive made headlines earlier this year when he said of workers ‘I want to hold them captive all day long’ in office

The Guardian - AU

South Africa's Government Refuses Aid To Illegal Miners

South Africa's government confronts illegal miners trapped in a closed mine, emphasizing dangers and criminality in combating illegal mining operations.

Top News

South Africa says it won’t help 4,000 miners running out of food inside closed mine

The government in South Africa says it will not help about 4,000 miners inside an illegal closed mine in the country's North West province as part of an official policy against illegal mining.

The Independent UK

In Colombia, A River's 'Rights' Swept Away By Mining And Conflict

In 2016, a Colombian court sent a powerful statement on environmental protection by ruling that a crucial river in the northwestern Choco jungle, which was being decimated by illegal mining, had legal rights.

International Business Times

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Radio France Internationale

Niger embraces Russia for uranium production leaving France out in the cold

Niger has called on Russian firms to directly invest in uranium and other natural resource production, following the collapse of relations with former colonial ruler France and the eviction of French nuclear giant Orano from the country

MarketBeat

Is MARA a Safe Way to Get Exposure to the Bitcoin Rally?

Shares of MARA stock are correlating with the recent rally in Bitcoin; however, a 5% post-earnings drop leaves investors wondering if this is a buyable dip

International Business Times

The Real $BTC Country? Bhutan Government's Bitcoin Treasury Passes $1 Billion

The Kingdom of Bhutan, a small sovereign state that quietly built up its Bitcoin mining operations, has become a force to reckon with as it now has 12,000 Bitcoins worth over a billion dollars.

AAP

Australian shares extend losses ahead of US data

The ASX200 has fallen for the third straight session, with financials and mining stocks weighing heavily on the market.

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AAP

Old tactics to be used in trade negotiations with Trump

Australia will use a tried tactic to stop the US under a second Trump presidency from imposing tariffs on imports, as it looks to expand its role in disputes.

International Business Times

C.Africa Urges Lifting Of Embargo On Diamond Exports

The Central African Republic (CAR) sought Tuesday to convince the regulatory body for global diamond trading to lift all restrictions against it, ending an export embargo in place for more than a decade.

Top News

Bitcoin Hits Record High Following Trump's Victory

Bitcoin's record high post Trump's win drives cryptocurrency market surge. Environmental concerns arise from energy-intensive bitcoin mining.

The Independent UK

Bitcoin has topped $87,000 for a new record high. What to know about crypto's post-election rally

As money continues to pour into crypto following Donald Trump’s election victory, bitcoin has climbed to yet another record high

The Conversation

The just energy transition ignores labour outside the formal economy. So is it just?

The just transition debate centres on how to move away from fossil fuels towards renewable energy systems while safeguarding working conditions, livelihoods, and economic and social rights of workers in industrial sectors.

The Guardian - AU

Work to regulate one of Australia’s biggest sources of carbon dioxide stalls, FoI documents reveal

Exclusive: Environmental group says it is ‘concerned’ to hear progress on cleaning up air pollution from diesel-burning may have hit a wall

AAP

Take away from Chinese stimulus bid puts bite on market

The ASX200 has slipped 0.4 per cent after investors punished mining stocks for a dip in commodity prices following underwhelming Chinese stimulus measures.

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