Solar money in China drives world renewable investment to record
Mining News Pro - The world is spending more money than ever in renewable energy, most of it on solar power in China, according to a report from BloombergNEF.
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EU raw material targets need money and faster permits, sector chief says
Mining News Pro - The European Union will only meet ambitious targets to reduce its reliance on China and other countries for critical materials by rapidly scaled-up financing and accelerated permitting, according to the head of an EU sector alliance.
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Lithium refining is a ‘license to print money,’ Musk says
Mining News Pro - Elon Musk has called for more investment in global lithium refining to ease shortages in battery materials — and promised those who seize the opportunity it’s as lucrative as “basically minting money.”
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F1 tycoon backed gold deal in at heart of money laundering trial
Mining News Pro - Formula One mogul Bernie Ecclestone put up millions of dollars to backstop a series of gold transactions that made “no commercial sense,” prosecutors said at a trial into one the U.K.’s biggest money laundering operations.
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Zambia’s Konkola liquidator arrested, calls money-laundering charges “baseless”
Mining News Pro - The state-appointed provisional liquidator of Konkola Copper Mines (KCM), Milingo Lungu, has been arrested and charged with laundering more than $2 million, Zambia’s money-laundering authority said on Wednesday.
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Pilbara Ports saves time and money for mining region
Mining News Pro - Pilbara Ports Authority (PPA) has continued to improve the mining supply chain across the Pilbara region of Western Australia through the ramp up of direct shipping from international ports.
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Visit: 455
Funds take the money and run as copper rally stalls
Mining News Pro - Funds have slashed their collective bullish bets on higher copper prices as the sizzling rally shows signs of stalling.
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These days, the smart money is staying away from Arctic drilling
Mining News Pro - The Trump administration is racing against legal deadlines and a merciless regulatory calendar in its last-ditch effort to sell drilling rights in the Arctic National Wildlife Refuge before President-elect Joe Biden is sworn in at noon on Jan. 20.
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Lithium price: 50% of hard-rock miners are losing money
Mining News Pro - Hard rock miners have been hardest hit, with the price of spodumene concentrate (feedstock for lithium hydroxide manufacture) continuing to fall on the back of break-neck expansion in Australia, which quickly became the number one producer of lithium over South American brine producers.
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Indian state says NMDC diverted CSR money to Modi’s coronavirus fund
Mining News Pro - India’s eastern Chhattisgarh state’s chief minister has accused federal government-run NMDC Ltd of diverting Corporate Social Responsibility (CSR) money owed to the state to Prime Minister Narendra Modi’s coronavirus fund.
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Newrange raises money to progress high-grade Pamlico gold in Nevada
Mining News Pro - Newrange Gold Corp has closed a $900,600.00 non-brokered private placement. Proceeds will be used to advance the company’s high-grade Pamlico gold project in Nevada and for general and working capital.
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Visit: 841
Changing the German monetary rules to prevent money transfers to Iran
Mining News Pro - The Wall Street Journal says the German authorities have been persuaded by the ambassadors of the US government to change their monetary rules to prevent the transfer of 300 million euros from Hamburg to Iran.
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Gold may not be bitcoin, but miners can still make you money
Mining News Agency - Gold and silver prices haven’t had the best year when compared to industrial metals, and the outlook for next year looks muted at best.
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Visit: 1003
Nickel explorer not afraid to put its money into the ground
Mining News Agency - Emerging Australian nickel player, Rox Resources, is a company prepared to put its money where it believes its future lies. Addressing the 2017 Paydirt Australian Nickel Conference in Perth this week, Managing Director, Ian Mulholland, said the company was backing itself in to be the next big nickel player in Western Australia.
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Visit: 1142