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Mining

  • [New] The scenario assumption of the IEA includes no new investments into unabated coal power plants and new oil and gas fields or coal mines from 2021 onwards, as well as the phase-out of unabated coal power globally by 2030. / Energy Post
  • [New] WPMI will make ongoing payments for gold ounces delivered equal to 18% of the spot gold price until the value of gold delivered less the production payment is equal to the upfront consideration of US$ 50 million, at which point the production payment will increase to 22% of the spot gold price. / Rio2 Limited
  • [New] Coal mining and coal ash could provide the United States with critical minerals, but the Biden White House has an aversion to coal and investment and research in its processing would be needed. / IER
  • [New] The Biden White House is promoting a transition to electric vehicles, but that risks subjecting the U.S. to the whims of the Chinese government. / IER
  • [New] Vulcan's process for extracting lithium, a key ingredient for electric vehicle batteries, will produce renewable power and emit no carbon dioxide, unlike Australia's hard rock lithium mining. / Reuters
  • [New] Glencore is looking at European processing plants, including in Britain, for their recycling operations, while Rio Tinto plans to have a processing facility onsite at its Serbian lithium mine Jadar, expected to start a feasibility study at the end of 2021. / Mining.com
  • [New] In late May, China's state council, or cabinet, vowed to crack down on bitcoin mining and trading activities, citing underlying financial risks. / Reuters
  • [New] China's state council, or cabinet, vowed in late May to crack down on bitcoin trading and mining, citing underlying financial risks. / Reuters
  • [New] The decline in Chinese mining power came ahead of a crackdown by China's state council, or cabinet, on bitcoin mining and trading in late May, citing underlying financial risks. / Yahoo News
  • [New] Considering crackdowns on cryptocurrency mining and trading around the world, if the cryptojacking environment becomes more difficult or less lucrative, it is entirely possible that threat actors will turn their attention to the next big thing. / ZDNet
  • [New] The MICA Network will help mobilize investments, grow Canadian SMEs and establish Canada's leadership role in addressing climate change. / MiningFeeds
  • [New] A backlog of mining projects waiting for approval in provinces like British Columbia on Canada's west coast has created a bottle neck for new projects, but extending and expanding the life and scope of existing mines could help with production. / MiningFeeds
  • [New] Approximately 60% of annual guidance is expected in the second half of the year, considered the dry season in Northern Brazil, following the temporary halt of mining at UCS as well as higher stripping and lower production levels in the first half of 2021 as per the mine plan for Tucano. / Great Panther Mining Limited
  • [New] The Trail Ridge South mining operations will recycle 98% of the water used in the mineral transport and separation processes - providing sustainable solutions while still meeting Chemours' commitment to process minerals. / International Mining
  • [New] China's crackdown on cryptocurrency mining could have been an opportunity for electronic currency enthusiasts in India. / Quartz
  • [New] No more coal mines can be built, investment in coal projects must slow to a trickle and the global trade in coal will almost entirely evaporate in the next 30 years. / Global Trade Review (GTR)
  • [New] A sharp recovery post-COVID - 19, mining will play a major role in restoring supply chains and contributing high-paying jobs that will lead to healthy economic growth on a global level. / Canadian Mining Magazine
  • Given the departure of several mining companies from Chinese territory, everything appears to indicate that between 30 and 40% of the processing power or hash rate of Bitcoin will move from China to the United States in the remainder of 2021. / Crypto News
  • The industry in China, which once accounted for as much as 70% of the world's capacity, is in a frenzied state right now after a crackdown on Bitcoin trading and mining was announced in late May due to financial hazards. / CryptoCoinCom
  • Nebula is the first comprehensive crypto suite for electric vehicles and will allow every Spiritus to mine and manage crypto from anywhere on the planet. / Compute North LLC

Last updated: 23 July 2021


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