Mining

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…

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.…

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…

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, 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%…

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…

In a memo published in November 2023, Norwegian law firm Wilkborg Rein said that passing the bill with an inadequate environmental assessment could violate not only the country’s own laws on environmental protection, but also European and international laws. Local communities or NGOs could therefore sue, says Elise Johansen, a partner at the firm who led the memo.Yet with parliament having made its decision, the time for a comprehensive study of environmental impacts has likely now passed, says Johansen. With the…

Too Long; Didn't ReadPhysical Bitcoin mining is old news. Tokenized Bitcoin mining is being made possible by tokenized mining platforms like where users can purchase an Ethereum-gas-powered NFT of their virtual Bitcoin mining hardware. There are risks involved and a lawyer is a good friend to have, the way Physical miners have a security guard nearby. Too Long; Didn't ReadPhysical Bitcoin mining is old news. Tokenized Bitcoin mining is being made possible by tokenized mining platforms like where users can purchase an…

Updated Jan. 5, 2024 12:48 pm ETA global gold mining company said it ousted its longtime chief executive officer after a board probe into a $5.9 million payment he authorized.Sébastien de Montessus denied wrongdoing, but his abrupt exit created turmoil atop Endeavour Mining.Copyright ©2024Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Updated Jan. 5, 2024 12:48 pm ETA global gold mining company said it ousted its longtime chief executive officer after a board probe into a $5.9…

Updated Dec. 30, 2023 12:11 am ETListen to article(2 minutes)MBOMBELA, South Africa—A half-century-old company on the outskirts of South Africa’s Kruger National Park has found itself in a fortuitous spot as Western automakers push to move their electric-vehicle supply chains away from China.Manganese Metal Co., based in the sleepy town of Mbombela, is the largest of just a handful of refiners of battery-grade manganese located outside China. Used mostly for making steel, manganese is increasingly replacing more expensive…