The US announced critical minerals agreements and $2 billion in mining investments on Friday to reduce reliance on foreign nations for strategic materials, amid competition with China.
Bitcoin miner Bitdeer signed a 16-year lease valued at up to $4.7 billion to provide 121 megawatts of IT capacity for AI workloads at its data center in Tydal, Norway, to a Volta Infra subsidiary.
The Astana International Financial Centre (AIFC) and Hong Kong's bourse are exploring dual-listing opportunities with Kazakh mining firms. AIFC Governor Renat Bekturov stated that agreements signed during John Lee's visit are a key step for cooperation, aiming to boost investment and market access.
Australia’s mining giants are aiding China’s push to internationalise its currency and reduce the dominance of the US dollar, as they gradually shift towards using the yuan for financing and settlements, analysts said. China has been using its heft as the world’s dominant iron ore buyer to push global mining companies to adopt the yuan. And several firms are already making the switch, with China’s relatively low interest rates becoming an added incentive. BHP, the world’s largest mining company,...
Beneath the shining white glaciers of the Andean mountains lie valuable deposits of gold, copper and molybdenum which, until recently, were off-limits to the mining companies that have set their eyes on these untapped minerals. That could be about to change, after legislators in Argentina agreed to amend the Glacier Law that has prohibited all mining and exploration activities in the country’s glacier regions since 2010. The legislation defined the country’s 16,000 glaciers – covering an area of...
The new lawsuit targets MARA’s Granbury site as cryptocurrency mining companies pivot to providing AI infrastructure.
