Mining Industrials

Latest News for: Mining industrials

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S African gold sector enters final stages of death spiral

Taipei Times 10 Dec 2018

The nation’s 130-year-old gold industry — which has produced half the bullion ever mined on Earth — is locked in the final stages of a decades-long death spiral. Most of South Africa’s gold mines are unprofitable at current prices ... “The industry will just continue to see a slow death.”....

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United States: Deregulating Mountaintop Removal Threatens Drinking Water and Public Health

Human Rights 10 Dec 2018

Several referred to a study commissioned by the National Mining Association that claimed that the rule risked 77,000 jobs – almost as many jobs as existed across the entire industry in 2016 — and a far cry from the several hundred jobs that a government regulatory impact assessment estimated the rule would cost ... “I have nothing against coal mining....

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The Coal Mine Next Door

Human Rights 10 Dec 2018

[50] Other Obama-era rules affect power companies rather than the mining industry ... [278] Arch Coal’s heavy spending in favor of Republicans is in line with the coal mining industry in general ... Eliasberg, “Some aspects of Development in the Coal Mining Industry 1839-1918,” 1966, p....

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Government sets up new mining framework to regulate small scale mining

Ghana Business News 10 Dec 2018

... mining become more regulated and sanitized. The framework according to the Minister, will not necessarily lift the 21 months ban on illegal small scale mining, but it is a policy framework that will ensure that operators in that industry live within the confines of the new policy....

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Interview: The Scourge of Mountain Top Mining in West Virginia

Human Rights 10 Dec 2018

Scientific studies show that people living near this type of mining disproportionately experience cardiovascular disease, birth defects, and lung cancer, even after controlling for issues like poverty and obesity ... One woman I interviewed said she has nothing against coal mining ... But at the same time, she believes that the mines polluted her water....

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Bitcoin [BTC] hashrate drop equivalent to 1.3 million Bitmain S9 machines switched off, BitMEX research

AMB Crypto 10 Dec 2018

The mining industry may therefore be under considerable stress right now, due to the falling prices of cryptocurrency.” ... Furthermore, the report outlines that the Bitcoin mining industry revenue has witnessed a massive downward slump from around $13 million/day in the beginning of November to around $6 million/day, in the beginning of December....

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Crypto Market Crash forces Bitmain to shutdown its Israeli Development Center

Zycrypto 10 Dec 2018

The development center was set up in 2016 and has been working on developing blockchain technology, the Connect BTC mining pool, and artificial intelligence technology for the Sophon project in Israel ... Not only is the crash affecting Bitmain but it has led to the loss of jobs by the thousands maybe millions who work in the crypto mining industry....

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Intel Is Working on an Energy Efficient Bitcoin Mining System

A Bit of News 10 Dec 2018

Intel has obtained a bitcoin mining SHA-256 datapath patent that covers a processor and hardware accelerator ... Energy Efficiency a Growing Necessity in Bitcoin Mining ... It is expected that consistent development of more efficient crypto mining hardware by tech companies will stimulate the growth of the industry in the long-term....

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The Daily: Virtual Land Auction Goes Live, How the Crypto Crash Affects Miners

Bitcoin 10 Dec 2018

It charts the two recent downward difficulty adjustments, in mid-November and early December, before observing that BTC “mining industry revenue has fallen from around $13 million per day, at the start of November, to around $6 million per day, at the start of December.” ... This is likely to be a very tough time for the mining industry....

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Strike One: It’s Time To Heat Things Up A Little On Climate Change Action

New Matilda 10 Dec 2018

In defiance of public opinion and basic common sense, the Queensland Labor government is prioritising the financial interests of the mining industry ahead of the safety and security of literally billions of people around the globe ... The campaign had a range of positive outcomes and flow-on effects, but sadly, the mine eventually went ahead....

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Sri Lanka to be Declared as a Mine-Free Country by 2020

Asian Tribune 10 Dec 2018

Sri Lanka acceded to the Mine Ban Convention very well known as the Ottawa Convention in year 2017 which came into force from June 1, 2018 ... In these once dangerous mine fields have been converted into highly productive lands for human settlement and for agricultural, industrial and fishing purposes....

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India plans deep dive for seabed minerals

The Hindu 10 Dec 2018

In the 1870 Jules Verne classic “20,000 Leagues Under the Sea”, underwater explorer Captain Nemo predicted the mining of the ocean floor's mineral bounty - zinc, iron, silver and gold ... Once thought to be too costly and difficult, industrial-scale sea mining could begin as early as 2019....

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South African gold industry enters final phase of slow death

Mining Weekly 10 Dec 2018

Now, striking gold workers face a less politically charged battle, but one they can’t win. The nation’s 130-year-old gold industry – which has produced half the bullion ever mined on earth – is locked in the final stages of a decades-long death spiral. Most of South Africa’s gold mines are unprofitable at current prices ... ....