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July 1, 2022

Mining

Energy & Environment — Energy chief, oil execs hold ‘constructive’ meeting

USA TODAY – For more and to sign up click here Rachel Frazin President Biden’s Energy secretary met with oil executives on Thursday as the administration faces pressure to tamp down sky-high gas prices. Meanwhile, the Fish and Wildlife Service has reinstated pre-Trump endangered species protections.   This is Overnight......

Mining firm Glencore pleads guilty to UK bribery charges

BBC
https://www.bbc.co.uk/news/business-61857005?at_medium=RSS&at_campaign=KARANGA The bribery charges stated that the firm’s aim was for officials to “perform their functions improperly, or reward them for so doing, by unduly favouring Glencore Energy UK Limited in the allocation of crude oil cargoes, the dates crude oil would be lifted and the grades of crude oil......

Lawmaker who wrote New York crypto mining bill explains: ‘It’s not a ban’

CNBC
CNBC – For more and to sign up click here Bitcoin offices in Istanbul, Turkey, on May 11, 2022. Umit Turhan Coskun/NurPhoto via Getty Images New York State Assemblymember Anna Kelles is tired of all the fear-mongering about the bill she wrote — and sponsored — to place a two-year......

New York just passed a bill cracking down on bitcoin mining — here’s everything that’s in it

CNBC
CNBC – For more and to sign up click here Following an early morning vote in Albany on Friday, lawmakers in New York passed a bill to ban certain bitcoin mining operations that run on carbon-based power sources. The measure now heads to the desk of Governor Kathy Hochul, who......

Biden moves to protect major Alaska watershed from mining

CNBC
CNBC – For more and to sign up click here Humpaback whale in Bristol Bay, Alaska Enrique Aguirre Aves | Photodisc | Getty Images The Biden administration on Wednesday moved to ban the disposal of mining waste in Alaska’s Bristol Bay watershed, potentially halting the controversial Pebble Mine project that’s......

European stocks hit 2-month lows on mining, tech losses

Reuters
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, May 5, 2022. REUTERS/Staff Register now for FREE unlimited access to Reuters.com Register PostNL slumps after cutting FY forecast European tech shares hit Dec 2020 lows Miners lead morning losses on China worries May......

Global scramble for metals thrusts Africa into mining spotlight

Reuters
A truck exits the mine after collecting ore from 516 metres below the surface at the Chibuluma copper mine in the Zambian copperbelt region, January 17, 2015. REUTERS/Rogan Ward/File Photo Register now for FREE unlimited access to Reuters.com Register JOHANNESBURG, May 8 (Reuters) – The need to secure new sources......

Nvidia didn’t tell investors enough about effects of crypto mining on its business, SEC says

CNBC
CNBC – For more and to sign up click here A sign is posted in front of the Nvidia headquarters on May 10, 2018 in Santa Clara, California. Justin Sullivan | Getty Images Nvidia will pay $5.5 million as part of a settlement with the SEC that it did not......

Dorsey, Saylor, Fidelity and others defend environmental impact of bitcoin mining in letter to EPA

CNBC
CNBC – For more and to sign up click here These machines, known as mining rigs, work round the clock to find new units of cryptocurrency. Benjamin Hall | CNBC Some of the biggest names in bitcoin — including Jack Dorsey, Tom Lee, and Michael Saylor — have banded together......

The Trailblazing Black Entrepreneurs Who Shaped a 19th-Century California Boomtown

Smithsonian
The only available photograph of America Newton, a formerly enslaved woman who ran a laundry business out of her cabin in Julian, California, dates to around 1910. San Diego History Center America Newton, a formerly enslaved Black woman, and her young daughter, Clara, left rural Kansas 150 years ago, looking......

This real estate investor has a side hustle mining more than $110,000 in bitcoin every month

CNBC
CNBC – For more and to sign up click here Compass Mining customer Eng Taing Eng Taing Eng Taing is in the business of making money. He runs his own private equity firm with $250 million in assets under management (according to his website), invests in real estate, has worked......

Members of Congress are asking the EPA to investigate the environmental impacts of crypto mining

CNBC
CNBC – For more and to sign up click here A group of House democrats want the Environmental Protection Agency to look into the environmental effects of crypto mining, citing “serious concerns” about pollution and greenhouse gas emissions. Two dozen legislators, led by Rep. Jared Huffman (D-Calif.), sent a letter......

Brazil’s indigenous communities fear mining threat over war in Ukraine

BBC
It was expected to be voted on in the lower house this week, but that hasn’t happened – and few believe, in this election year, that it will. Not even the big players in the industry agree with it, with the Brazilian Institute of Mining last month saying it was......

Mexican president plans mining bill on Monday if power reform thwarted

Reuters
Mexico’s President Andres Manuel Lopez Obrador delivers his quarterly report on his government’s programs, at the National Palace in Mexico City, Mexico April 12, 2022. REUTERS/Henry Romero Register now for FREE unlimited access to Reuters.com Register MEXICO CITY, April 12 (Reuters) – Mexico’s president said on Tuesday he will send......

Exxon is mining bitcoin in North Dakota as part of its plan to slash emissions

CNBC
CNBC – For more and to sign up click here A view of the Exxon Mobil refinery in Baytown, Texas. Jessica Rinaldi | Reuters ExxonMobil, the top oil and gas producer in the U.S., is piloting a project to mine bitcoin in North Dakota, according to people with knowledge of......

VW joins sustainable mining initiative to boost scrutiny

Reuters
Volkswagen logos are pictured during the media day of the Salao do Automovel International Auto Show in Sao Paulo, Brazil November 6, 2018. REUTERS/Paulo Whitaker/Files Register now for FREE unlimited access to Reuters.com Register LONDON, March 17 (Reuters) – Volkswagen (VOWG_p.DE) has joined a group that sets environmental and social......

Small mining firm with troubled history saw big spikes in stock price, trading volume ahead of AMC deal

CNBC
CNBC – For more and to sign up click here View of the huge Gold and Silver Allied Nevada-Hycroft Mine near Sulphur in Black Rock Desert, Nevada, near the small towns of Sulphur and Gerlach. Federica Grassi | Moment | Getty Images Hycroft Mining Holding, a small mining firm with......

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