Caterpillar gears up for green energy transition, automation age

2021-10-25 13:20:20 No gathering of this size is complete without buzzwords, and anyone playing a drinking game where players had to take a shot anytime the word “sustainability” was uttered in the exhibition halls and meeting rooms, would have left Minexpo with a massive hangover, even by Las Vegas standards. Investor pressure  At Minexpo 2021, MINING.COM […]

Saudi Arabian mining giant Ma’aden reports 19,549% net profit growth in third quarter

2021-10-25 11:43:00 Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – Today, the Saudi Arabian Mining Company (Ma’aden) announced that in Q3 2021, its net profit was 1,271,851,410 Saudi […]

FTSE 100 ends higher on oil, mining boost; HSBC hits 4-month high

2021-10-25 10:53:00 A street cleaning operative walks past the London Stock Exchange Group building in the City of London financial district, whilst British stocks tumble as investors fear that the coronavirus outbreak could stall the global economy, in London, Britain, March 9, 2020. REUTERS/Toby Melville HSBC reports better-than-expected results Darktrace slumps on brokerage initiating ‘sell’ […]

What Impact has COVID-19 had on the Mining Sector?

2021-10-21 06:36:00 Mining is undergoing something of a radical technological shift, the likes of which have never rocked the typically conservative industry before. Widespread trends such as the adoption of automation technology, electrification, and digitalization have also been sped up by the onset of COVID-19. Image Credit: Magnifical Productions/ COVID-19 has predominantly impacted supply chains and […]

Rio Tinto says 60 Jadar mines needed to fill lithium gap

2021-10-21 06:44:18 In a presentation to investors, Rio Tinto head of economics Vivek Tulpule said EVs sales are on track to hit up to 55% of the world’s total light vehicles sales as early as 2030, reaching about 65 million units.  This means manufacturers would need about three-million tonnes of lithium, compared with the roughly 350,000 tonnes they consume today, Tulpule noted.  Existing operations and projects combined, however, are slated […]

North Vancouver to be the world’s first city to use bitcoin mining for heating

2021-10-18 15:03:00 The City of North Vancouver is set to become the first city in the world to use bitcoin mining for building heating needs, specifically for the district energy utility. According to a release, the city-owned Lonsdale Energy Corporation (LEC) has reached a deal with MintGreen, a Burnaby-based clean-tech crypto mining company, to use […]

El Salvador explores bitcoin mining powered by volcanoes

2021-10-15 15:49:22 BERLIN, El Salvador (AP) — At a geothermal power plant near El Salvador’s Tecapa volcano, 300 computers whir inside a trailer as they make complex mathematical calculations day and night verifying transactions for the cryptocurrency bitcoin. BERLIN, El Salvador (AP) — At a geothermal power plant near El Salvador’s Tecapa volcano, 300 computers […]

US Now Claims Bitcoin Mining Crown

2021-10-13 15:08:41 For the United States, a dubious crown to claim. China, of course, has banned pretty much everything related to crypto — including mining — which gives the United States top berth with that part of bitcoin production. The U.K.’s Cambridge Centre for Alternative Finance said on Wednesday (Oct. 13) that China has a zero […]

Hitachi to leverage Baraja Spectrum-Scan LiDAR tech on autonomous mining vehicles

2021-10-12 14:01:52 Posted by Daniel Gleeson on 12th October 2021 Baraja, the creator of Spectrum-Scan™ LiDAR technology for autonomous vehicles, has announced its first volume commercial deal for long-range LiDAR with Hitachi Construction Machinery. The multi-year commercial partnership will give some of the largest mines and mining operators global access to high-performance LiDAR systems capable […]

Sudbury group encourages women in mining, ‘shattering stereotypes’ in the process

2021-10-07 08:21:25 A new group in Sudbury, Ont., wants to help more women get jobs in the mining industry. Women represent around one in 10 workers in Canada’s mining industry, and number that hasn’t changed much in the last 10 years, according to Jennifer Dallaire, treasurer of the Sudbury chapter of Women in Mining. The chapter […]