Tag

Mining

All articles tagged with #mining

business11 days ago•2 min saved

Northern Star Rejects Gold Fields' $27 Billion Takeover Bid

Australia’s largest gold miner, Northern Star Resources, has unanimously rejected a takeover proposal from South Africa’s Gold Fields. The offer, valued at approximately A$38.7 billion ($27 billion), was described by Northern Star’s board as 'opportunistic' and undervaluing the company’s assets. Despite the rejection, Northern Star’s shares rose by 6.15% in Sydney, while Gold Fields’ shares fell by 12% in Johannesburg. US hedge fund Elliott Management, which previously urged Northern Star to seek a sale, is now calling on the board to resume negotiations with Gold Fields, arguing that the combined entity would create significant value.

via Financial Times|

#australia #business #corporate-governance

business18 days ago•2 min saved

Arctic deal sparks rally in Greenland-listed stocks

U.S.-listed Greenland-focused stocks jumped in premarket trading after a security pact among the United States, Denmark and Greenland to expand a military presence in the Arctic and block rivals, with Greenland Energy up about 165%, Greenland Mines over 110% and Critical Metals Corp around 26%. The deal, expected to be signed at the UN General Assembly, underscores geopolitical moves in Greenland and supports the companies’ resource projects: Greenland Energy in Jameson Land Basin oil/gas, Greenland Mines in Skaergaard palladium/gold/platinum, and Critical Metals’ Tanbreez rare earths prospect.

via CNBC|

#arctic-security #business #greenland

business29 days ago•0 min saved

AI-Fueled Copper Demand Draws Kevin Simpson to Freeport-McMoRan

Artificial intelligence is boosting copper demand, making Freeport-McMoRan an attractive but volatile pick for investor Kevin Simpson.

via CNBC|

#artificial-intelligence #business #copper

economy1 month ago•1 min saved

Australia’s GDP beats expectations, signaling room for another RBA tighten

Australia posted a 2.1% year‑on‑year GDP rise in Q2 and 0.4% quarter‑on‑quarter, topping forecasts of 1.8% and 0.3%. Growth was driven by private demand and mining exports, while households remained cautious. The stronger print gives the Reserve Bank of Australia more room to tighten as July inflation came in at 3.5%, with officials expecting inflation to gradually ease toward the 2–3% target by late 2027.

via CNBC|

#australia #economy #gdp

world1 month ago•6 min saved

Landslide at Colombian gold mine leaves 13 dead, raises concerns over artisanal mining

A slope collapse at an open-pit gold mine near Policarpa in Colombia's Nariño region killed 13 workers and left seven injured; officials said the incident was a landslide rather than an explosion, and many workers were part of informal mining operations, including members of the Quillacinga Indigenous group, highlighting safety risks in artisanal mining.

via Mining.com|

#artisanal-mining #colombia #mining

politics1 month ago•15 min saved

Democrats launch oversight push after Trump-era mineral financing spree

Democrats plan aggressive scrutiny of the Trump administration’s multi‑billion‑dollar push into domestic critical minerals, citing possible conflicts of interest with the Trump family and Cantor Fitzgerald as they demand records and consider subpoenas. With hundreds of deals and billions in federal backing aimed at reshoring supply chains, lawmakers are probing firms like Vulcan Elements, USA Rare Earth, and Kaz Resources, while the White House defends the program as vital to national security and industry cautions about chilling investment.

via Politico|

#cantor-fitzgerald #critical-minerals #mining

mining2 months ago•4 min saved

Barrick-Newmont truce paves way for major North American gold IPO

Barrick and Newmont have ended a long-running dispute by agreeing to fold Barrick’s Fourmile asset into the Nevada Gold Mines JV and allowing Barrick’s planned North American IPO, with Newmont paying about $2 billion to reflect Fourmile’s value; the deal includes governance changes at NGM and Barrick plans to float 10-15% of the North American business, while Barrick’s shares fell about 8% on the news.

via Financial Times|

#barrick #ipos #mining

business3 months 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

business3 months 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

world3 months 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

world3 months 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

economy3 months 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

health4 months 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

energy4 months 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

world4 months 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