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The Latest Breaking News from Mining

Indonesia's EV goals hinge on green mining drive

With the world's largest reserves of nickel, used extensively in making batteries, Indonesia is aiming to become an electric vehicle powerhouse, not least by courting Tesla CEO Elon Musk.

Bangkok Post

UN body mulls deep sea mining amid demand for minerals

Pressure is mounting on an obscure U.N. body based in Jamaica to hit pause on plans to potentially open the world’s deep seas to mining as companies push for permission to extract metals from seabeds in international waters

The Independent UK

Ford invests in Indonesian nickel-processing project to lock up goods

Ford Motor Co. is partnering with mining companies from Indonesia and China to invest in a nickel-processing project as part of the Dearborn, Michigan, automaker's bid to shore up supplies of key raw materials for electric-vehicle batteries.

Tribune News Service

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3 Valueless Stocks No Investor Wants

As the Fed’s rate hikes are expected to continue, the odds of a recession this year are rising. Amid lingering macroeconomic headwinds, fundamentally weak stocks Aurora (AUR), Hut 8 (HUT), and AppHarvest (APPH) might be best avoided. These stocks look overvalued at their current prices. Keep reading.

StockNews.com

Hunter Offshore Wind expansion proposal

Maritime Union of Australia, the Construction Forestry Mining and Energy Union and the Electrical Trades Union say the Hunter Offshore Wind Project should be more ambitious.

Newcastle Herald

Nvidia Reportedly Runs Sting on Fake Chinese GeForce GPUs

A new report from the Chinese publication MyDrivers claims that Nvidia is cooperating with online retailers to remove fake GeForce gaming graphics cards.

Tom’s Hardware

How a shadowy Russian organisation is making political and economic inroads across Africa

The world is watching Russia's actions in Ukraine. But are we missing what it's doing elsewhere?

ABC News

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Bosses can't force staff to work on public holidays

Workers cannot be forced to work on public holidays even if they're rostered on, a court has found, potentially paving the way for more rights for employees.

AAP

Scotgold reports rising loses and falling cash reserves

Lower than expected gold production during the last six months leaves company struggling financially

Insider UK

Clive Palmer to sue Australia for $300 billion over iron ore project in WA's Pilbara region

Mining billionaire Clive Palmer seeks $300 billion in damages from the Australian government over an iron ore project in Western Australia's Pilbara region.

ABC News

Clive Palmer hires Christian Porter for $300bn lawsuit against Australian government

Billionaire claims commonwealth liable for WA law, which prevented him seeking compensation for rejected mining project

The Guardian - AU

Lawyer says WA gold stealing trial will take toll on lives of accused, despite not guilty verdict

A defence lawyer for one of the five people acquitted says they will bear the burden of court costs and ongoing impacts from the four-week trial.

ABC News

Mexican president proposes tougher mining laws, shorter concessions

The Mexican government's proposed overhaul of mining laws, including shorter concessions and tighter rules for permits, drew a quick warning from industry leaders who fear it could undermine the sector's growth prospects.

Reuters

First Nations push to prevent mining projects

The Plains Clan of the Wonnarua People has asked the Federal Government to prevent mining in an area on the outskirts of Muswellbrook

Newcastle Herald

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Newsroom.co.nz

New oil and gas not consistent with 1.5C

New oil and gas fields are not consistent with 1.5C of warming but the Government has just approved one and opened up applications for more.

Caixin Global

Crypto Mining Platform Bitdeer Moves Step Closer to Nasdaq SPAC Listing

The deal, already delayed three times, would give the company an implied equity value of around $1.18 billion

Reuters

BHP Group seeks delay to Brazil dam court case

Mining group BHP Group is seeking to delay a potential 36 billion pound ($44 billion) London lawsuit over Brazil's worst environmental disaster as it needs more time to prepare, the company's lawyers said on Wednesday.

The Guardian - UK

‘A second chance’: Peru sanctuaries help rescued monkeys back into the wild

At two wildlife centres in the Madre de Dios region, the victims of illegal mining activities embark on a long journey of rehabilitation

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Roll Call

GOP House appropriators say Interior must 'do more with less' - Roll Call

Republican members of a House appropriations subcommittee expressed support for the Interior Department's tribal programs Tuesday.

InsideEVs

Ford CEO Says Batteries Are The Main Constraint To EV Transition

Ford Motor Company wants to localize not just the mining of battery materials but also their processing in North America, CEO Jim Farley said.

Fortune

Bitcoin, Ether, Coinbase fall after CFTC sues Binance

The stocks of several crypto mining companies also took a dive.

Tom’s Hardware

Nvidia CTO: Cryptocurrency Adds Nothing Useful to Society

GPU processing power can be used for much more useful things than mining cryptocurrencies, Nvidia CTO says.

Insider UK

Scotgold scrambles for cash to continue mining

Trading update reveals doubts about ability to continue as a going concern, as well as directors' emails being hacked

PC Gamer

Nvidia kicks crypto to the curb: 'doesn’t bring anything useful for society. AI does'

That's surely going to ruffle some feathers.

ABC News

Four men face Kalgoorlie court over alleged plan to steal gold dust from Jubilee mill

Four men have faced the Kalgoorlie Magistrates Court today charged over an alleged attempt to steal gold-bearing dust from a mining operation in Western Australia's Goldfields.

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