Tag

Mining

All articles tagged with #mining

business4 days ago•5 min saved

Bitcoin miners rally as Terawulf inks $19B AI data-center deal with Anthropic

Terawulf signs a 20-year lease with Anthropic to build a ~401 MW AI data-center campus at Justified Data in Hawesville, KY, potentially generating about $19 billion in revenue, sending Bitcoin mining stocks higher (including Terawulf, IREN, Hut 8, Cipher Digital) as the company pivots toward AI infrastructure; concurrently, Terawulf agrees to sell its 50.1% stake in the Abernathy Joint Venture to a Fluidstack-led group for roughly $450 million, monetizing its investment with first-phase online in late 2027 and full capacity by early 2028.

via Decrypt|

#ai-infrastructure #anthropic #bitcoin

business6 days ago•5 min saved

Fremont Mine Poised to Spark an $8 Billion California Gold Revival

Lode Gold Resources has begun engineering studies at the Fremont Gold Mine in Mariposa County, estimating an inferred 1.98 million ounces of gold—worth about $8.2 billion at 2026 prices—and only about 8% of the resource has been mined. The project aims to establish a technical baseline and move toward a comprehensive mine plan with near-term production, contributing to a broader resurgence of mining along California’s historic Mother Lode and boosting local life in Mariposa County.

via New York Post|

#business #california #fremont-mine

world16 days ago•7 min saved

Mongbwalu: the mining town at the heart of Congo's Ebola outbreak

An eastern Congo gold town, Mongbwalu in Ituri, is believed to be the outbreak’s birthplace, with Ebola then spreading to Bunia and beyond; the Bundibugyo strain was confirmed on May 15 after genomic sequencing; as of June 20, Congo logged about 1,003 confirmed cases, including 220 in Mongbwalu, though aid workers say the true toll is higher; transmission has been fueled by poverty and a mobile mining workforce, while distrust of responders and delays in testing complicate containment.

via NPR|

#congo #ebola #ituri

world21 days ago•81 min saved

Pope Leo XIV Converses on Rare-Earth Mining as Vatican Signals Divestment

A senior banker pressed Pope Leo XIV to consider rare-earth mining as a path to development, recounting a private audience with mining executives; weeks later, the Vatican launched a divestment push and urged dialogue with Indigenous communities about extraction, underscoring the tension between mineral wealth and environmental and social costs as Leo prepares a Peru visit.

via AP News|

#mining #peru #pope

economy26 days ago•5 min saved

Indonesia’s nickel curbs draw Chinese warning over $50bn in investment

China warns that Indonesia’s recent nickel regulations—lowered mining quotas and a new pricing mechanism—could jeopardize about $50 billion in Chinese investment, with $30 billion in existing projects and $20 billion in planned investments at risk and up to 400,000 jobs affected, as higher production costs disrupt operations; Jakarta also tightens export controls and expands state oversight, drawing pushback from Chinese officials and companies seeking policy stability.

via Financial Times|

#china #economy #foreign-direct-investment

health1 month ago•2 min saved

Gold Rush Sparks Ebola Crisis Across Congo

A Bundibugyo strain Ebola outbreak in eastern DR Congo has escalated into a regional crisis, driven by illegal gold mining and deforestation that bring workers into contact with wildlife; with hundreds infected and cases spilling into Uganda, WHO has declared a Public Health Emergency of International Concern as armed conflict and mistrust hinder containment and no approved vaccines exist for this strain.

via Business Insider Africa|

#congo #ebola #health

energy1 month ago•17 min saved

MIT’s Greener Lithium Breakthrough Could Cut Costs and Waste in Mining

MIT researchers report a low-temperature, acid-free method to extract lithium from hard rock spodumene by dissolving the silicate matrix with ammonium fluoride, freeing lithium and aluminum for purification. Tested on 17 ore sources with >95% Li recovery, the process is closed-loop and avoids roasting, potentially lowering costs and carbon waste compared with traditional brine evaporation or hard-rock mining. A pilot via spinout Rock Zero is planned, but industrial-scale testing is still needed and could address the looming lithium supply challenge while reducing mining’s environmental footprint.

via Gizmodo|

#closed-loop #energy #lithium

world1 month ago•46 min saved

Shanxi coal-mine toll revised to 82 as safety scrutiny widens

China’s Liushenyu coal mine disaster toll in Shanxi was revised downward to 82 dead from an earlier figure of 90, with 247 workers underground at the time, 128 injured, and two still unaccounted for. All four mines owned by Shanxi Tongzhou Coal Coking Group have been closed and executives detained as authorities call for safety reforms and order an investigation, making this the deadliest Chinese mining accident since 2009.

via Reuters|

#china #coal #mining

world1 month ago•13 min saved

Shanxi coal mine blast leaves 90 dead, state media confirm

A gas explosion at the Liushenyu coal mine in Changzhi’s Qinyuan County, Shanxi Province, China, killed 90 people, according to state media, as rescuers continue to work at the scene.

via AP News|

#china #coal #explosion

world1 month ago•275 min saved

Four dead, 90 trapped after CO surge at northeast China coal mine

In Changzhi, northeast China, carbon monoxide levels in the Liushenyu coal mine exceeded safe limits, killing four workers and trapping 90 underground; 247 were underground at the time of the incident, and by early Saturday about 157 had been evacuated, with around 16 in critical condition as rescuers press on.

via CNN|

#accident #carbon-monoxide #china

crime1 month ago•3 min saved

Ex-Honduran mayor linked to killing of anti-mining activist in mining dispute

Honduran authorities arrested former Tocoa mayor Adan Funez along with two accomplices on suspicion of masterminding the 2024 assassination of environmental defender Juan Lopez, a critic of a local iron-oxide mining project. Prosecutors say the trio were the intellectual authors of the killing; the case underscores ongoing environmental and political tensions in the region, with the trial slated to begin next June.

via Al Jazeera|

#assassination #crime #environment

business2 months ago•48 min saved

Barrick Shines in Q1 2026 with Gold Output Beat, Cash Flow Jump and Big Buyback Ahead of IPO

Barrick's Q1 2026 results show gold production of 719,000 oz (above the 640,000–680,000 oz guidance) and copper 49,000 t, driving operating cash flow of $2.55B and attributable free cash flow of $1.21B; net earnings were $1.60B and adjusted $1.65B, with 2026 gold guidance unchanged at 2.90–3.25 Moz. The company also declared a quarterly dividend of $0.175 and authorized a $3.0B share buyback, while advancing growth projects (Fourmile, Lumwana) and pursuing a North American IPO planned for year-end.

via Barrick Mining Corporation|

#business #cash-flow #earnings

world-news2 months ago•22 min saved

Colossal 11,000-carat ruby unearthed in war-torn Myanmar's Mogok

Miners in war-torn Myanmar unearthed a five-pound, 11,000-carat ruby near Mogok, later shown in Naypyidaw and hailed by state media as the country’s second-largest ruby, prized for its color and transparency; the find underscores Myanmar’s pivotal role in global ruby production, but the gem trade has long drawn human-rights scrutiny for funding military rule and armed groups amid ongoing conflict.

via New York Post|

#gemstones #mining #mogok

world2 months ago•2 min saved

11,000-Carat Ruby Discovered in Myanmar's War-Torn Gem Belt

Miners in Myanmar unearthed an 11,000-carat ruby near Mogok, the second-largest by weight found in the country, valued for its color and quality amid ongoing conflict and a volatile, war-afflicted gemstone trade that funds the military and various armed groups.

via ABC News - Breaking News, Latest News and Videos|

#conflict #mining #mogok

environment-energy2 months ago•13 min saved

Green-tech mineral race could create water-scarce sacrifice zones for the world’s poor

The Conversation piece by UNU researchers argues that the push to secure critical minerals for AI, EVs, wind, and digital tech risks concentrating pollution and water stress in poor communities. 2024 lithium mining alone consumed about 456 billion liters of water, with places like Chile’s Atacama using up to 65% of regional water and polluted rivers harming ecosystems. Health impacts include higher miscarriage rates, birth defects, infant mortality, cancers, and other illnesses linked to heavy metals, especially in the DRC’s cobalt and copper regions. The authors urge stronger international governance, binding supply-chain and environmental standards, local community co-governance, water-saving mining tech, better wastewater management, and greater recycling and product longevity to prevent “sacrifice zones” and ensure a just energy transition.

via The Conversation|

#critical-minerals #environment-energy #governance