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Australia Government Approves $50 Million in Grants to Accelerate Critical Minerals Development
October 27, 2022
The Australian Government has approved a series of grants to accelerate the development of the critical minerals resources industry as part of our efforts to reach net zero. Minister for Resources and Northern Australia Madeleine King said the Government is
BMW to Invest $1.7 Billion to Expand Electric Vehicles and Battery Operations, South Carolina
October 25, 2022
BMW Group has unveiled plans to invest $1.7 billion in expanding its U.S. operations to build electric vehicles (EVs) and batteries. The German carmaker said the investment will include $1 billion to prepare for production of EVs at its existing
Energy Crisis Revives Coal Demand and Production, Mothballed Coal Plants Reopen
October 20, 2022
High natural gas prices and global competition for the fuel have driven more demand for thermal coal for power generation this year as countries try to wean themselves off Russian energy supplies and seek relatively cheaper alternatives. Some countries are
Microvast Joins Consortium Led by Shell to Drive Decarbonization of Mining Industry
October 18, 2022
Microvast Holdings, a technology innovator that designs, develops, and manufactures lithium-ion battery solutions, said it is participation in a mining industry electrification consortium led by Shell. The consortium’s pilot offering of electrification solutions for off-road mining vehicles aims to advance
Shell Builds Consortium to Accelerate Electrification of Off-Road Mining Vehicles
October 17, 2022
Shell has established a nine-member consortium to create a new pilot offering of electrification solutions for mining sites. Skeleton, Microvast, Stäubli, Carnegie Robotics, Heliox, Spirae, Alliance Automation, Worley, and Shell have come together to introduce Shell’s Mining Electrification Solutions for
Death Toll Rises to 41 in Tragic Turkish Coal Mine Explosion
October 17, 2022
Funerals began Saturday for the victims of a coal mine explosion in northern Turkey as the country’s officials raised the death toll to 41 people. Some of the miners’ relatives had waited all night outside the state-owned Turkish Hard Coal
Billionaire Anthoni Salim to Inject $1.6 Billion in Indonesian Coal Miner Bumi Resources
October 12, 2022
Shareholders of Indonesian coal miner Bumi Resources approved a plan on Tuesday to raise up to $1.6 billion by issuing new shares in a private placement. Billionaire Anthoni Salim’s companies will acquire the majority of the new shares and jointly
Mining Industry Faces ESG, Government Tax Pressures
October 12, 2022
Miners are under increasing pressure from the challenges of meeting their environmental, social, and governance (ESG) mandates as governments all over the world set their sights on the industry to fill gaps in their tax revenue, according to an EY
Energy Giants Orsted and RWE Restart Coal Plants as Europe Braces for Winter
October 5, 2022
Energy firm Orsted is to continue or restart operations at three fossil fuel facilities after being ordered by Danish authorities to do so, as governments around Europe ready themselves for winter amid the energy crisis. In a statement over the
Caledonia Mining to Acquire Bilboes Gold for $53 Million
September 28, 2022
Caledonia Mining has agreed to acquire Bilboes Gold, which owns the Bilboes gold project in Zimbabwe, in a deal worth around $53.3 million. As consideration, Caledonia Mining will issue 5.1 million of its shares to Bilboes Gold along with a
