Latest News for: Mining projects

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China bans cryptocurrencies, mining projects

Suryaa 25 Sep 2021
New Delhi, Sep 24 (IANS) The Chinese authorities said on Friday that all cryptocurrency-related businesses are illegal and called for the exit of cryptocurrency mining projects ... to shut down cryptocurrency mining projects partly out of consideration for energy consumption.
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Virtual currencies in the crosshairs of authorities

China Daily 25 Sep 2021
Any "mining" activities creating virtual currencies should be banned in China, and local governments are not allowed to provide financial support to new mining projects, the National Development and Reform Commission along with other government departments said on Friday.
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DNR initiates contest case hearing regarding PolyMet permit

Mesabi Daily News 25 Sep 2021
PAULToday, the Minnesota Department of Natural Resources (DNR) initiated a contested case hearing on PolyMet’s NorthMet mining project as directed by the Minnesota Supreme Court. Specifically, the DNR has issued a Notice of Hearing to the parties involved in the litigation regarding the permit to mine for the project.
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DNR contested case hearing will examine PolyMet use of bentonite clay in NorthMet mining permit

Duluth News Tribune 25 Sep 2021
The Minnesota Department of Natural Resources announced Friday it has initiated a contested case hearing on PolyMet’s NorthMet mining project, as directed by the Minnesota Supreme Court ... The NorthMet mining project permit has been contested for nearly three years, since the DNR issued PolyMet the permit on Nov ... ENERGY AND MINING. MINING.
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China to tighten regulation on virtual currency trading, speculation

China Daily 25 Sep 2021
Also on Friday, the National Development and Reform Commission, the country's top economic planner, published a notice to step up its crackdown on virtual-currency mining ... The country will intensify regulation over the whole process of virtual currency mining and strictly prohibit new mining projects, the notice said.
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Old Coal Plant Is Now Mining Bitcoin For a Utility Company

Slashdot 25 Sep 2021
To mine bitcoin, computers across the globe chew through enough electricity to power a medium size country, somewhere on the order of the Netherlands or Poland depending on the estimate ... Ameren says that so far it's pleased with the project, which has mined 20 coins and mints a new one at a rate of one every 15 days or so.
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DeFi Hack: Vee Finance Losses $35 Million To Hackers Following Mainnet Launch

NewsBTC 25 Sep 2021
Related Reading ... Vee Finance To Alleviate Mining Operations. The recently exploited protocol is amongst the emerging DeFi projects that aim to improve the mining features of the sector. Vee Finance wants to boost processes such as leverage mining, liquidity mining, and transaction mining ... It also launched its liquidity mining feature the same day.
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Bank of China to stop financing new coal mining, power projects overseas

China Daily 25 Sep 2021
Bank of China has committed to no longer provide financing for new coal mining and coal-fired power projects overseas, starting from the fourth quarter of this year, except for the projects whose contracts the bank has already signed.
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Sun shines on Indonesia in massive solar cable deal

Asiatimes 25 Sep 2021
Sun Cable’s $21.8 billion project, a joint venture between mining magnate Andrew Forrest and fellow tech billionaire Mike Cannon-Brookes, aims to meet up to about 15% of Singapore’s energy needs, which now depend solely on natural gas, and reduce its carbon emissions by six million tonnes a year.
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Investors in British Columbia back Faro mine restart in Yukon Territory

Mining Dot Com 24 Sep 2021
But after the mine’s owners went bankrupt, the mine shut down, the town’s population dwindled to 420 people and the federal government was left with what it described as “one of the most complex abandoned mine cleanup projects in Canada.... McInnes has a long track record of financing successful mining and renewable energy projects.
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China to tighten clampdown on virtual currency mining

Xinhua 24 Sep 2021
The country will intensify regulation over the whole process of virtual currency mining and strictly prohibit new mining projects, the notice said. Banning new virtual currency mining projects will be regarded as a criterion for assessing government performance ...
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OZ Minerals releases maiden resource for Vale’s Santa Lúcia deposit

Mining Dot Com 24 Sep 2021
The Santa Lúcia project, which Oz aims to develop into an open-pit mine, is located within a 40 km of its high-grade Antas copper-gold mine located in Pará state in the Northern region of Brazil ... Both results “will be key in deciding whether to exercise our option to acquire an interest in the project,” Cole said.
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Minnesota DNR launches new hearing process for PolyMet mine

Hastings Tribune 24 Sep 2021
(AP) — Minnesota regulators on Friday launched a court-ordered process for assessing the risks to clean water from waste from the proposed PolyMet copper-nickel mine in northeastern Minnesota ... PolyMet says the mine will be safe and that the project has already undergone more than a decade of thorough, public environmental reviews.
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Mick Davis walks away from Guinea vehicle he founded

Mining Dot Com 24 Sep 2021
... access to the shipping route, the same one Guinea vetoed for years for the much larger Simandou project, could have helped Davis bring the proposed mine into production quickly and relatively cheaply.  Switching gears .
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