Mining

Gold price hits $1,900 on mounting Russia-Ukraine tensions and recession fears

Anna Golubova Gold prices soared to eight-month highs as investors fled to the safe-haven metal on economic growth concerns and rising Russia-Ukraine tensions. Analysts see more upside for gold, pointing to $1,903-$1,923 as the critical resistance range. “There is a lot of different angles to look at gold right now – from the macro, geopolitical, …

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Ethics commissioner will not investigate former envoy to China for taking mining job

NDP asked commissioner Mario Dion to probe possible conflict of interest Peter Zimonjic · CBC News · Posted: Jan 17, 2022 7:47 PM ET  Federal Ethics Commissioner Mario Dion’s office says he will not be investigating Canada’s former ambassador to China for accepting a job with mining giant Rio Tinto, which has extensive business dealings in China. “I can …

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IEA report on Canada welcomes SMR developments

The International Energy Agency’s (IEA’s) Canada 2022: Energy Policy Review has found that, since the last IEA review in 2015, Canada has made a series of enterprising international and domestic commitments and has made progress towards transforming its energy system. Launching the report on 13 January, IEA Executive Director Fatih Birol said: “Canada has shown impressive leadership, …

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IEA says Canada can be key global oil supplier if emissions promises kept

14TH JANUARY 2022 BY: REUTERS CALGARY – Canada, the world’s fourth-largest oil producer, can be a key global supplier for years to come providing it sticks to promises to sharply cut emissions, the International Energy Agency (IEA) said on Thursday. In its first review of Canada’s energy policies since 2015, the IEA said the country’s role as a major producer, …

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Hut 8 Mining vs. Marathon Digital: Which Crypto Mining Stock Is a Better Buy?

By Aditya Raghunath (Fri, October 22, 2021) Bitcoin reached a record high on Wednesday which resulted in a spectacular rally in cryptocurrency mining stocks, such as Hut 8 Mining (HUT – Get Rating) and Marathon Digital (MARA – Get Rating). That’s because stock prices of crypto mining stocks are closely related to the digital asset they mine. Since the start of 2020, …

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Why Meme Stock and Bitcoin Mining Play LM Funding America (LMFA) Is Flying Today

By william White (Fri, October 15, 2021) NASDAQ:LMFA) stock is rising higher on Friday despite a lack of news concerning the company.© Provided by InvestorPlace a crypto mining rig representing LMFA stock. Meme traders love LMFA stock and their influence is likely helping shares rise higher today. The stock is seeing heavy trading with some 54 …

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Congo’s $6 bln China mining deal ‘unconscionable’, says draft report

By Aaron Ross and Helen Reid (Fri, October 08, 2021) Democratic Republic of Congo should renegotiate its $6 billion infrastructure-for-minerals deal with Chinese investors, according to the draft of a report commissioned by a global anti-corruption body of governments, companies and activists. The draft, seen by Reuters, describes the deal that was first signed in 2008 as “unconscionable” …

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Following a three month ban, Iran reinstitutes its crypto mining industry

By Bhushan Akolkar (Fri, October 01, 2021) Iran has once again decided to resume crypto mining operations in the country following a three-month ban. Former President Hassan Rouhani had imposed the ban earlier this year on May 26, 2021. The ban was first introduced following concerns of the stability associated with the country’s unreliable power …

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El Salvador has just started mining bitcoin using the energy from volcanoes

By MacKenzie Sigalos (Fri, October 01, 2021) El Salvador has mined 0.00599179 bitcoin, or about $269, with power harnessed from a volcano. President Nayib Bukele – who has banked his political future on a nationwide bitcoin experiment – tweeted early Friday morning that this is the country’s maiden voyage into volcano-powered bitcoin mining. On Tuesday, …

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