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The Latest Breaking News from Mining

Russia acknowledges retreat north of Bakhmut, Wagner boss calls it a 'rout'

Moscow acknowledged on Friday that its forces had fallen back north of Ukraine's battlefield city of Bakhmut after a new Ukrainian offensive, in a retreat that the head of Russia's Wagner private army called a rout.

Reuters

Is Biden Replacing Bad Border Policy With Worse Border Policy?

Plus: Schools suing social media companies, a bitcoin mining tax is a bad idea, and more...

Reason

Cryptominers hope they can find a second life by turning their mining operations into AI farms

Unfortunately, only a fraction of GPUs used for mining are up to the task.

PC Gamer

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Cryptominers Repurpose GPU Farms Amid AI Hardware Shortage

Some GPU cryptomining outfits, having survived a bleak winter of discontent, have started to grasp AI acceleration opportunities.

Tom’s Hardware

Chile's senate approves mining royalty bill, passes to final vote

Chile's senate approved on Wednesday a long-awaited new mining royalty bill, passing it back to the lower chamber for a final vote that could come as early as next week.

Reuters

What Are the 3 Best Gold Stocks to Buy Now?

Gold is usually seen as a safe-haven asset during troubled times. With rising concerns of a recession later this year, it could be wise to buy gold mining stocks B2Gold (BTG), Centamin (CELTF), and Dundee Precious Metals (DPMLF) to protect one’s portfolio against economic uncertainty and market volatility. Read more….

StockNews.com

Why large parts of Mongolia are affected by desertification

BARUUN-URT, Mongolia: Strong winds and heavy dust storms are frequent occurrences in Mongolia as the Asian country is facing worsening desertification and land degradation, with a steady decline in vegetation cover year by year.

Bangkok Post

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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

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

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

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WEKU

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.

ABC News

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

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.

Barchart

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…

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news in one place.

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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.

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.

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