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The Latest Breaking News from Mining

The Pros of Investing in These 3 Gold Stocks in the Current Economic Climate

Gold is considered the ultimate safe-haven hedge against inflation as its value tends to rise in an uncertain economy. Recently, gold prices crossed the $2,000 level and a record high is in sight. Amid a volatile economic backdrop, investors could buy quality gold stocks Endeavour Mining (EDVMF), B2Gold (BTG), and…

StockNews.com

3 Blockchain Stocks to Keep off Your Radar Amid Crypto Turmoil

The prospects of blockchain companies are closely related to the cryptocurrency market. Given the high risk and uncertainty surrounding the crypto space, it could be wise to avoid fundamentally weak blockchain stocks Block (SQ), Riot Platforms (RIOT), and HIVE Blockchain (HIVE). Read more….

StockNews.com

Illegal mining booms in Brazilian Amazon 'promised land'

Canaã dos Carajás (Brazil) (AFP) - Working under an improvised shed hidden in the rainforest, Webson Nunes hears a shout and flips on his winch, hauling a colleague up from deep inside a giant hole with a bucket full of riches.

AFP

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Ecuador deploys soldiers against illegal mines in Amazonian areas

Ecuador's government is deploying soldiers and police in nine provinces to combat illegal mining, officials said on Monday, in a bid to stamp out the unlawful mines mostly targeting gold and copper deposits.

Reuters

In Ballari’s battle of billionaires, all eyes on mining baron’s new party

In the mining town of Karnataka’s Ballari, Congress leader Nara Bharat Reddy had tried to take first-mover advantage by launching his campaign months ahead of the state assembly elections, going door to door, promising a politics “without corruption” in the Bellary City segment.

Newslaundry

Battery passports: how a meeting at Davos helped set a car industry standard

Mining groups hope their joint project, ReSource, will have an influence on the global business

The Guardian - UK

‘Greedflation’ – it’s a boon for business but hurts average Australians

Profit-driven inflation: People who decide the prices they charge us like to say that they ‘have no choice’, but they do.

The New Daily

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Concerns raised over mining companies’ role in battery passport scheme

ERG and Glencore are among founders of ReSource, a proposed joint venture that is also backed by Tesla

The Guardian - UK

Dozens are reported dead from a fire deep in a gold mine in Peru

The Yanaquihua mining company said 175 workers had been safely evacuated after the accident. It said the 27 dead worked for a contractor that specializes in mining.

WEKU

Mining boss's shock glaucoma diagnosis prompts warning for others to get eye tests

Duncan Craib says he had never heard of glaucoma before he was diagnosed with the eye condition aged 49. Now, he's warning people over 40 to get regular eye tests.

ABC News

At least 27 dead in Peru gold mine fire

Yanaquihua (Peru) (AFP) - At least 27 workers were killed in a fire at a remote gold mine in southern Peru, authorities said Sunday, as grief-stricken relatives gathered near the site awaiting news of their loved ones.

AFP

Demolition of asbestos town Wittenoom starts, as government warns visitors to stay away

The former mining town of Wittenoom in Western Australia will be demolished and asbestos buried, but authorities warn blue asbestos could remain.

ABC News

At least 27 dead in Peru gold mine fire tragedy

Yanaquihua (Peru) (AFP) - At least 27 workers have died in a fire at a gold mine in a remote area of southern Peru, authorities said Sunday, making it one of the worst mining tragedies in the South American country's recent history.

AFP

Is Gold on a Launchpad?

Gold was sitting above the $2,000 per ounce level on the nearby COMEX futures contract on May 5, 2023. Gold is the world’s oldest currency, and profound changes in the global financial system could mean an explosive move in the precious metal as the only thing governments agree on is…

Barchart

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Kiplinger

Deep-Sea Mining Applications to Start in Summer: Kiplinger Economic Forecasts

Deep-sea mining applications are due to start in the summer, but it's unclear when mining will actually begin.

The Hindu

Gangavati Assembly constituency: Mining baron’s entry into the fray here has stirred up traditional poll equations

Gangavati Assembly constituency in Koppal district, which has seen a triangular battle between the Congress, BJP, and JD(S) in the last four Assembly elections, has a new entrant in the Kalyana Rajya Pragati Paksha (KRPP), replacing the JD(S) in the fight.

Tom’s Hardware

U.S. Bitcoin Mining Consumed 50 Billion kWh of Energy in 2022

The White House's recently-published DAME tax proposal report brings to light estimates showing that national Bitcoin mining consumed more power than all of the United State's computers combined.

Barchart

After Reaching a One-Year High, is Silver Ready for Explosive Gains?

Silver can be the most volatile precious metal as it attracts speculative and trend-following interest on the up and downside. Silver has long been gold’s sibling, and the yellow metal rose to a new record high this week. An explosive rally in silver could be on the immediate horizon.

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InsideEVs

Tesla Eyeing EV Battery Material Extraction, Processing In Canada: Report

Elon Musk has said Tesla may get into the mining and refining business, and we know the company has some plans underway. Now it may be looking to Ontario.

ABC News

Energy Minister Chris Bowen announces new Net Zero Authority to help transition from coal-fired generation

The new government-led agency — the Net Zero Authority — will help reskill workers in mining and coal-fired generation and provide more funding for renewable energy.

Reuters

New Zealand to review risk and benefits of seabed mining

New Zealand will undertake a review of the risks and benefits of seabed mining and whether domestic regulation is needed, the government announced on Friday.

PC Gamer

So, you're telling me that US crypto mining used more power last year than ALL THE COMPUTERS?!

The upper limit could actually put it on par with the energy consumed by all the lighting in the United States. Eep.

AFP

Niger uranium mine set to operate until 2040

Niamey (AFP) - The government of Niger and French nuclear firm Orano on Thursday signed a deal to extend the operational life of the country's sole uranium mine.

PC Gamer

Biden proposes heavy tax on cryptocurrency miners for 'the harms they impose on society'

Better late than never?

Barchart

Crypto’s Rebirth Has Question Marks

Cryptocurrencies have experienced an impressive rebound in 2023. This has also led to a rebound in crypto mining stocks. But will this rally continue?

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