The Amount of Copper Needed for EVs Is ‘Impossible for Mining Companies to Produce’
A recent study from the University of Michigan sheds light on a key challenge facing the global transition to electric vehicles: copper mining cannot keep up with increasing demand. Engineering and Technology Reports Copper, essential for the generation, distribution and storage of electricity, is crucial to the success of policies aimed at encouraging EV adoption, […]
M23 rebels seize key smartphone mineral mining town in eastern Congo
Rebels suspected of having ties to Rwanda this week seized control of Rubaya, a mining town in eastern Congo known for producing key minerals used in smartphones, the group said in a statement Thursday. In a statement shared with The Associated Press, a spokesperson for rebel group M23 said the town had been “liberated.” Aid […]
Publicly traded Bitcoin mining firm Stronghold may sell itself in wake of latest 'halving' – Fortune
2024 started with a sharp rise in the price of Bitcoin, but it has not been a kind year for the miners who run the cryptocurrency, with last month’s “halving” reducing the rewards given to the operating computers that process blockchain transactions. Ta. Stronghold, a publicly traded New York-based mining company, said on its earnings […]
Senators press Biden administration on Iran crypto mining
Sens. Elizabeth Warren (D-Mass.) and Angus King (D-Maine) on Wednesday asked the Biden administration how to address Iran’s use of cryptocurrency mining to circumvent sanctions. We asked for information on whether the “Iran has raised millions of dollars through mining cryptocurrencies, a steady source of income that allows it to buy imported goods, move funds […]
This $2.8 Billion Coal Miner Has Been Mining Bitcoin, Too – Decrypt
A coal mining company revealed that it had been secretly mining Bitcoin for over three years. Alliance Resource Partners listed on the Nasdaq Stock Exchange under the ticker ARLPrevealed its efforts in cryptocurrency at the first quarter financial results conference. “We saw this as just an opportunity given the fact that we have excess power […]
UN Taps China, Which Commits Crimes Against Humanity, For New Group Protecting ‘Human Rights’ In Mining
The United Nations (UN) has selected China, a country guilty of genocide and crimes against humanity, to sit on a new commission aimed at promoting human rights in the extraction of critical minerals. China was one of the 23 countries named On Friday, he will join the United Nations’ new Critical Energy Transition Minerals Panel, […]
Sullivan blasts Biden’s moves to restrict drilling and mining in Alaska as ‘national security suicide’
Sen. Dan Sullivan (R-Alaska) criticized the Biden administration’s decision to restrict drilling on millions of acres of federal land in Alaska, calling it a “lawless” move. “That’s lawless. [President Biden] I don’t have the authority to do that,” Sullivan said Sunday on CBS News’ “Face the Nation.” “And we were able to go into all […]
Biden Admin Announces Massive Restrictions On Alaskan Oil Reserve And Hampers Key Mining Project In One Fell Swoop
The Biden administration moved to block oil and gas activity on millions of acres of Alaskan land and effectively rejected a road project needed to mine large reserves of copper in the state on Friday, Bloomberg News reported. The Department of the Interior (DOI) finalized a plan that will restrict future oil leasing and development […]
Biden Admin Reportedly Plans To Throw Wrench In Key Mining Project
The Biden administration is reportedly on the verge of giving environmentalists a huge victory by rejecting a key roadway needed to access mineral deposits in Alaska, according to The New York Times. The Department of the Interior (DOI) is poised to shoot down a mining company’s request to build a 211-mile long road through a […]
Bitcoin mining difficulty hits fresh all-time high in final pre-halving adjustment – The Block
Bitcoin mining difficulty rose 3.9% late Wednesday, hitting a new all-time high in the final correction before the estimated April 20 halving. According to Blockchain Explorer, the difficulty adjustment was made at a block height of 838,656, reaching a record of 86.39 trillion Menpur. Bitcoin miners appear to be increasing hashrate in preparation for the […]