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Mining

The Download: US mining tax credits, and Ring’s police data U-turn

On a pine farm north of the tiny town of Tamarack, Minnesota, Talon Metals has uncovered one of America’s densest nickel deposits—and now it wants to begin tunneling deep into the rock to extract hundreds of thousands of metric tons of mineral-rich ore a year.If regulators approve the mine, it could mark the starting point in what this mining exploration company claims would become the country’s first complete domestic nickel supply chain, running from the bedrock beneath the Minnesota earth to the batteries in electric…

The contentious path to a cleaner future

This article is from The Spark, MIT Technology Review’s weekly climate newsletter. To receive it in your inbox every Wednesday, sign up here. The world is building solar panels, wind turbines, electric vehicles, and other crucial climate technologies faster than ever. As the pace picks up, though, a challenge is looming: we need a whole lot of materials to build it all. From cement and steel to nickel and lithium, the ingredient list for the clean energy transition is a long one. And in some cases, getting our…

How one mine could unlock billions in EV subsidies

RMI, a nonprofit research group focused on clean energy, projects that all the EV provisions within the IRA, which also include subsidies for new charging stations, will spur the sales of an additional 37 million electric cars and trucks by 2032. That would propel EV sales to around 80% of new passenger-automobile purchases. Those vehicles, in turn, could eliminate 2.4 billion tons of transportation emissions by 2040.  In a preliminary economic analysis, Talon said it hoped to dig up more than 140,000 tons of nickel.…

AI and crypto mining are driving up data centers’ energy use

Data centers could gobble up twice as much electricity by 2026 thanks in large part to cryptocurrencies and artificial intelligence, according to a new report from the International Energy Agency (IEA).We rely on data centers to store all our emails, photos, cat videos, and everything else floating around in the cloud. More and more, data centers are cropping up to mine Bitcoin and train AI. That’s already triggered backlash over the environmental impact of cryptocurrencies and AI tools like ChatGPT, since all those data…

The Download: disputes over green mining, and what’s next for robotaxis

Talon is striving to distance itself from the mining industry’s dirty past, portraying its plan as a clean, friendly model of modern mineral extraction. It proclaims the site will help to power a greener future for the US by producing the nickel needed to manufacture batteries for electric cars and trucks, but with low emissions and light environmental impacts. But as the company has quickly discovered, a lot of locals aren’t eager for major mining operations near their towns. Read the full story. —James Temple…

This town’s mining battle reveals the contentious path to a cleaner future

It was these rich reserves that drew Talon, which was previously focused on developing gold mines in Brazil, to this part of rural Minnesota. After reviewing the findings of Kennecott Exploration, a subsidiary of Rio Tinto that had been drilling at the site for more than a decade, it agreed to acquire a 30% stake for $37.5 million in 2014. Talon now owns 51% of the project.  The density of the nickel, copper, and iron at the site means that Talon can extract more metals from every ton of ore it pulls up from the ground.…

BlockDAG Coin Surges with New Mining Rigs as Marathon Mines Record 1,853 Bitcoin and Dogecoin Posts Recovery

Marathon Digital Holdings mined 1,853 Bitcoin (BTC), which is a whopping 290% increase from December 2022. However, BlockDAG Coin (BDAG) is making a splash as a user-friendly option for both trading and mining. The project is currently in presale and has successfully raised $1 million within 24 hours. Moreover, BlockDAG X-series miners, especially the easy-to-use BlockDAG X1, show a move towards making mining simple for everyone.Meanwhile, Dogecoin’s (DOGE) price is primed for potential recovery. Marathon…

Uranium drilling plans in Cañon City-area community surprise residents

When Marijane Sisson looks out the kitchen window of her home outside Cañon City, she is greeted with views of rolling hills and a grassy meadow. Some days, when she’s lucky, a herd of elk appears in the meadow. Sisson and her husband purchased the property in June and moved from Louisiana to live in the South T Bar Ranch development. In the neighborhood of more than 100 properties, located a 45-minute drive northwest of Cañon City, they found a peaceful home nestled in a remote community. Then the couple received a…

Samsung SDI invests in Canadian nickel mining firm Canada Nickel

Samsung SDI, Samsung's battery manufacturing arm, has invested in a Canadian nickel mining firm. The company has signed a deal to invest in Canada Nickel, which would help Samsung SDI acquire the critical materials required to manufacture rechargeable batteries. Samsung SDI is trying to secure electric car battery material in North America The Canadian firm announced yesterday that Samsung SDI will acquire an 8.7% stake in Canada Nickel by investing $18.5 million. Under this deal, Samsung SDI will also secure a 10%…

These Mining Companies Are Ready to Raid the Seabed

But deep-sea mining is considered a risky business not just because of environmental concerns. Norway’s startups are betting on an industry that doesn’t yet exist. “It could end up not becoming an industry at all because the resources are not there or the technology’s not good enough,” says Håkon Knudsen Toven, spokesperson for the industry group Offshore Norway. “I think that’s one of the main reasons why for now you only have some small startups.”Loke might be focused on the Norwegian seabed’s manganese crust, but…