Posts in tag

Mining/Quarrying


Tesla CEO Elon Musk has suggested that the electric vehicle maker might get into the mining business. Patrick Pleul/POOL/AFP via Getty Images Text size Tesla CEO Elon Musk lamented the rising cost of lithium in a recent tweet. He even suggested that Tesla might get into the mining business to help solve shortages of the …

Staunch supporters of bitcoin on Wednesday night were questioning Elon Musk’s crypto bona fides after the CEO of Tesla Inc. said that the company would halt its experiment of selling its electric vehicles using bitcoin due to “rapidly increasing use of fossil fuels” mining the digital asset. Musk’s announcement rippled through the crypto markets, sending …

JOHANNESBURG—South African platinum miners are raking in record amounts of cash and reinvesting in their mines in a bet that vehicles powered by hydrogen fuel cells will help lift demand. After years of low prices, profits at local miners of platinum group metals, which include palladium and rhodium among others, have soared, even though lockdowns …

A split reality is emerging for U.S. shale drillers: Those that primarily pump oil are still struggling to survive, while those that produce natural gas are slowly seeing signs of recovery. Oil-focused fracking companies are under extreme financial strain, as renewed concerns about the coronavirus pandemic are weighing down crude prices. But gas-focused drillers are …