Mining
Medaro Mining Provides Update on Technology Development and Field Exploration Programs
VANCOUVER, British Columbia, July 27, 2022 (GLOBE NEWSWIRE) — Medaro Mining Corp. (CSE: MEDA) (OTC: MEDAF) (FWB: 1ZY) (“Medaro” or the “Company”), a multi-faceted venture aimed at developing innovative spodumene processing technology concurrent with its lithium focused exploration in Canada, is pleased to provide and update on its Double Closed-Loop Chemical Process for Recovering Lithium, …
Tesla Needs Lithium. Elon Musk Suggests It Could Get Into Mining Business.
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 …
Mining technology startup Plotlogic Announces $18M Series A
Plotlogic’s first commercial product combines LiDAR, hyperspectral imaging technology and advanced machine learning algorithms to produce real time ore characterization and enhance environmental performance. BRISBANE, Australia, March 21, 2022 /PRNewswire/ — Deep-tech mining startup Plotlogic, whose mission is to improve mining to make it more sustainable, today announced it has raised an $18 million Series …
Luxor Technology Closes $5.0M Round Led by NYDIG, With Participation From US Mining Firms
SEATTLE–(BUSINESS WIRE)–Luxor Technology Corporation (“Luxor”) announced today the closing of a $5.0 million Series A led by institutional Bitcoin technology and financial services firm NYDIG. In addition to leading the equity round, NYDIG will collaborate with Luxor on a number of mining-related ventures and hashrate-based products. Also participating in the equity round are mining companies …
Major China bitcoin mining hub lays out harsher crackdown measures
A bitcoin mine near Kongyuxiang, Sichuan, China on August 12, 2016. Paul Ratje | The Washington Post | Getty Images GUANGZHOU, China — China’s Inner Mongolia region has proposed punishments for companies and individuals involved in digital currency mining as it looks to further crack down on the practice. The move comes after Chinese Vice …
Bitcoin crashes as Chinese Vice-Premier Liu vows to crack down on mining, trading
BTC/USD has dropped $38,000 in response to headlines saying that China’s Vice-Premier Liu He said to “resolutely prevent and control financial risks.” The senior official added that Beijing will crackdown on Bitcoin mining and trading activities. More broadly, Liu added that the government will severely punish those conducting illegal financial activities. Update: Bitcoin has extended …
Bitcoin bulls on social media reject Musk’s reasoning for halting crypto-based car sales
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 …
Deep sea mining to help make electric vehicles
As the world begins to move away from petrol and diesel-power cars, there are questions over how the metals needed for batteries in electric vehicles will be sourced. One possibility is to mine the deep ocean floor. A number of companies are lining up to exploit the minerals found there, but campaigners warn it could …
Inmarsat: The Rise of IoT in Mining | Technology
The latest research from , the world leader in global, mobile satellite communications, has found that mining businesses expect to invest a considerable portion of their IT budgets into the (IoT) over the next three years, while the sector’s leading investors are already seeing tangible benefits, such as improved health and safety and staff productivity. …
Charting a bullish technical tilt, S&P 500 extends break atop 4,000 mark
Technically speaking, the major U.S. benchmarks have taken flight to start April, rising amid statistically unusual bullish momentum. In the process, the S&P 500 and Dow Jones Industrial Average have knifed to record highs, while the Nasdaq Composite has staged a potentially consequential trendline breakout. Before detailing the U.S. markets’ wider view, the S&P 500’s …