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Australia is still at the forefront of mining technology use

GlobalData reviewed 138 mine sites in late 2021 and early 2022 and found that mines in Australia continue to have the greatest penetration of technology, particularly drones, autonomous and remote control vehicles, and mine management software. In all, 13 technologies were explored, and responden...

Australia Supports the Mining of Rare Earth Metals

The Australian government is backing the mining of rare earth metals as the country prepares itself for increased production to challenge China’s dominance in the sector. These critical minerals are used in magnets for smartphones, electric vehicles, and wind turbines.

China has b...

France to Invest Funds for Securing Minerals Supply

France has announced the launch of a preparatory framework for the establishment of an investment fund that focuses to develop its mining industry. The French newspaper, le Figaro has reported that the time aim of the fund will be to secure the strategic supply of metals and minerals of the count...

Portugal to Approve Lithium Mining

Portugal might approve mining for lithium by next year. The country is said to have the largest reserves of lithium in Europe. Lithium along with cobalt and nickel plays a vital role in the production of electric batteries for vehicles. This will reduce Europe’s dependence for the element o...

China’s top crypto outlets become inaccessible as government crackdown continues

Crypto outlets ChainNews and Odaily have become inaccessible over the past few days. But both the outlets have continued their activity on Twitter and Telegram, as both these apps are banned in China.

Highlights

ChainNews and Odaily’s websites ar...

Square wanting to build a Bitcoin Mining System: Jack Dorsey

Square Chief Executive Officer, Jack Dorsey said that the fintech firm is looking to build a Bitcoin mining system, which will be based on custom silicon and will be an open source for individuals and businesses.

Highlights

• &n...

Sayona Mining from Australia raises $72.5 million to buy 60% stakes in Moblan project

Highlights

Sayona Mining to acquire Royalty Corp's rights to purchase a 60% stake
Sayona Mining has raised A$100 million for this acquisition

Sayona Mining, Australian lithium producer is planning to acquire Lithium Ro...

BIT MINING AND DORY CREEK LOOKING TO OPEN A BTC FARM IN TEXAS

Highlights:

• BTC mining uses a lot of power

• BIT mining says it will use 85% of the needed power generated by renewable sources

As North America hosts bitcoin mining firms, BIT Mining limited beg...

BLOCkFI JOIN HANDS WITH BLOCKSTREAM TO HOST ITS BTC MINING MACHINES

Highlights:

This will be BlockFi's first venture into the domain of BTC mining
Mining is North America is expanding

Blockstream mining is joining hands with BlackFi which is into lending bitcoins and other cryptocurrencies. The ...

S. KOREA’S INDUSTRIAL OUTPUT GREW 0.8% IN MARCH

Highlights –

S. Korea’s industrial output grew 0.8% in March.
Output in the mining, manufacturing, gas, and electricity industries declined 0.8 percent in March.
In the reporting month service production gained 1.2 percent on-mo...

ELECTRICAL POWER CONSUMPTION BY CRYPTO MINING FIRMS

Highlights:

• Huge electricity consumption is an undeniable fact of the crypto mining industry

• Quebec is a preferred location for miners for its super cold w...

AUSTRALIA URGED TO EXPAND THE MINING EXPORT MARKETS

Highlights:

Australia has urged for the expansion of the mining export markets
Gold, iron ore, nickel and bauxite had also been listed as the commodities that are most dependent on a single market

The mining industry of Australia is ...