Mining Industry News
A collection of Mining latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Agnico-Eagle Mines Ltd. stock rises Tuesday, outperforms market
Shares of Agnico-Eagle Mines Ltd. AEM advanced 2.95% to C$253.75 Tuesday, in what proved to be an all-around positive trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE rising 0.63% to 36,171.49. Agnico-Eagle Mines…
A Brazilian Economic Canary In The Coal Mine
Brazil's financial market developments bear watching for the light that they might shed on US and French financial market prospects. Under Lula's most recent term in office, Brazil's ratio of public debt to GDP rose by 10 percentage points to its…
Federal government invests $180m in rare earths mine in western Victoria
The federal government has invested $180 million in the Donald Rare Earth and Mineral Sands mine in the Wimmera. The local community has raised concerns about the mine and its impact on prime agricultural land. Astron Corporation must complete one…
Exclusive-Rio Tinto proposes 56% pay jump for CEO as mining sector fights for talent
By Melanie Burton and Clara Denina MELBOURNE/LONDON, Oct 28 (Reuters) – Rio Tinto's board has proposed increasing its CEO Simon Trott's target remuneration package by 56% to £9.8 million ($13.06 million), according to four people…
New Brunswick signs deal for Canadian firm to explore old antimony mine - New Brunswick
The New Brunswick government has signed an exploration agreement with a Canadian firm that hopes to reopen a major antimony mine. The province says Toronto-based Avenir Minerals has the exclusive rights to explore the former Lake George mining…
Farewell to rock star who blew the whistle on mining's biggest scandal
About 92 minutes into the Matthew McConaughey film Gold, the scriptwriters should have included a small cameo for Roger Townend. Released in 2016, the film is loosely based on the infamous Canadian mineral explorer Bre-X, which enacted a $C6…
A 'canary in the coal mine': Measles resurgence exposes weaknesses in U.S. public health, experts say
More than 4,400 measles cases and at least three deaths have been reported nationwide this year, marking the country's worst outbreak in more than three decades. Several public health experts told CNBC the resurgence exposes declining vaccination…
Mining boss stripped of shares over 'most serious' disclosure fail
Australia's market regulator has been told to seize possession of and sell close to 25 per cent of shares in mining company DGR Global after the Takeovers Panel found its managing director Nicholas Mather had committed some of the most serious…
Bitcoin Mining Firm Luxor Raises $16 Million to Scale Its AI Compute Push
Luxor Technology, a company that built its business around Bitcoin mining, has raised $16 million to expand into the fast-growing market for AI computing power, the latest sign of crypto infrastructure firms pivoting toward artificial intelligence.
Iran Says Tanker On Fire After Mine Strike, Following US Commander's Rare Hormuz Flyover
Iran has continued hunting tankers in the Strait of Hormuz over the weekend, and on Monday its state media has cited the IRGC to say an 'offending' oil tanker caught fire after hitting mines east of the Strait of Hormuz. Ironically this happened…
Mine your business
Across the Caribbean, there is a quiet belief that holds many small and medium-sized enterprises (SMEs) back: “We don't have enough data to do analytics.” It sounds reasonable. After all, when we think about data, we imagine complex…
US-Iran War Live Updates: Iran says oil tanker caught fire after hitting mines east of Hormuz
Saudi Arabia said shrapnel from two ballistic missiles caused material damage in Riyadh on Tuesday, October 27. Saudi authorities blamed the debris on two Houthi missiles that were shot down over the capital. The Saudi-led coalition said it also…
Hycroft Mining (NASDAQ:HYMC) Issues Earnings Results
Hycroft Mining (NASDAQ:HYMC - Get Free Report) released its quarterly earnings results on Monday. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.11), FiscalAI reports. Hycroft Mining: A High-Risk…
Cipher Mining (NASDAQ:CIFR) Shares Climb 7.8% - Still a Buy?
Cipher Mining Inc. (NASDAQ:CIFR - Get Free Report) was up 7.8% during mid-day trading on Tuesday. The company traded as high as $8.54 and last traded at $8.3150. 6,369,379 shares changed hands during mid-day trading, a decline of 79% from the…
Two Solo Bitcoin Miners Hit the Jackpot Against Industrial Mining Giants
Two solo bitcoin miners independently discovered blocks 973262 and 973413 on consecutive days, beating extraordinary odds. One miner reportedly operated with just 16.2 TH/s, facing a daily success probability of approximately 0.0002%. Despite…
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