Posts Tagged ‘Miner’
Australian rare earths miner VHM scraps offtake deal with China’s Shenghe Resources
The Melbourne-headquartered firm has secured up to US$200 million in funding from the US Exim AUSTRALIAN rare earths miner VHM said on Monday (Jan 12) that it had terminated its offtake agreement with China’s Shenghe Resources for its Goschen rare earths project after conditions precedent to the deal were not met. Shares of VHM rose…
Read MoreGlencore and Rio Tinto in talks to form world’s biggest miner
[NEW YORK] Rio Tinto Group is in talks to buy Glencore to create the world’s biggest mining company with a combined market value of more than US$200 billion, a little over a year after earlier talks between the two collapsed. The companies have been discussing a potential combination of some or all of their businesses…
Read MoreIndonesia transfers seized assets to state tin miner as crackdown intensifies
[PANGKALPINANG, Indonesia] Indonesia’s attorney general on Monday handed over assets including smelters and heavy equipment seized in a corruption case to state tin miner PT Timah, as President Prabowo Subianto urged authorities to stop illegal mining and smuggling of tin. The resource-rich country is ramping up efforts to improve governance of natural resources exploitation, with…
Read MoreNorway Sovereign Wealth Fund Drops French Miner Over Environmental Fears
Norway’s sovereign wealth fund said Friday that it was excluding French mining company Eramet from its portfolio, citing risks that the company was contributing to human rights violations and environmental damage at a nickel mine in Indonesia. Managed by the country’s central bank Norges Bank and fuelled by its vast energy revenues, the fund is…
Read MoreKK Miner raises $10 billion to provide investors with an easier path to mining cryptocurrency
With the rapid development of the global cryptocurrency market, the mining industry has reached a new milestone. Recently, KK Miner, a leading cryptocurrency cloud mining platform, announced that it has successfully raised $10 billion in funds, vowing to open up a simpler and more efficient cryptocurrency mining path for investors. Once this news was released,…
Read MoreIndonesia leader inaugurates miner Amman Mineral’s 21 trillion rupiah copper smelter
INDONESIAN President Joko “Jokowi” Widodo inaugurated Amman Mineral Internasional’s 21 trillion rupiah (S$1.8 billion) copper smelter in the West Nusa Tenggara province on Monday (Sep 23) saying he wanted global customers to turn to Indonesia for copper products. The smelter has an input capacity of 900,000 tonnes of copper concentrate per year. It is expected…
Read MoreKerrisdale Shorts Riot Platforms, Says Bitcoin Miner ‘Headed For A Mine Collapse’
KEY POINTS The short seller said Riot’s ‘honeymoon’ phase with Texas as a suitable crypto mining hub is over It also said Riot is a ‘fundamentally poor way’ for investors to express their views on Bitcoin Kerrisdale previously went short on MicroStrategy, which holds 214,000 Bitcoin Short seller Kerrisdale Capital has released a highly critical…
Read MoreAustralia orders Chinese investors to sell down stake in rare earths miner
Australian Treasurer Jim Chalmers has ordered several China-linked investors to dispose of shares in rare earths miner Northern Minerals on national interest grounds, a spokesperson said on Monday (Jun 3). Northern Minerals is developing the Browns Range heavy rare earths project in Western Australia, at a time when the sector has become increasingly strategic for…
Read MoreTether acquires US$100 million stake in US-listed Bitcoin miner Bitdeer
STABLECOIN issuer Tether Holdings has acquired a US$100 million stake in Bitdeer Technologies Group, the US-listed Bitcoin miner owned by Chinese billionaire Jihan Wu, with an option to purchase an additional US$50 million in shares within a year. The two firms entered into a subscription agreement for a private placement of 18.6 million Class…
Read MoreTether acquires US$100 million stake in US-listed Bitcoin miner Bitdeer
STABLECOIN issuer Tether Holdings has acquired a US$100 million stake in Bitdeer Technologies Group, the US-listed Bitcoin miner owned by Chinese billionaire Jihan Wu, with an option to purchase an additional US$50 million in shares within a year. The two firms entered into a subscription agreement for a private placement of 18.6 million Class…
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