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US Company Converts Coal Power Plant to Mine Bitcoin

Interesting Engineering 30 Jul 2021

However, Greenidge does not supply power to the grid; instead, the plant uses power to mine Bitcoin ... Environmentalists have pointed out that mining cryptocurrencies are energy-intensive affairs, compared to the power consumption of countries ... After a small mining trial in 2019, Greenridge set up a 25MW data center for its blockchain applications.

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Mining industry looks to increase participation in equities market

B & FT Online 30 Jul 2021

Although the decline was underlined by the unusual circumstances resulting from COVID-19 and the effects of Ghana’s ongoing efforts to curb illegal artisanal mining, the fall in Ghana’s competitiveness as a destination for gold exploration, compared to its sub-regional neighbors, is a major concern.

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Hindustan Zinc to invest $1 billion to replace diesel vehicles with battery EVs

The Times of India 30 Jul 2021

With diesel vehicles and equipment in the mines generating a lot of heat, fumes and carbon dioxide requiring constant supply of oxygen, he said replacing these with battery operated EVs, HZL will be able to save on maintenance costs, total cost of ownership besides making the mine environment "much superior compared to what we have".

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Hindustan Zinc to invest USD 1 billion to replace diesel vehicles with battery EVs

Yahoo Daily News 30 Jul 2021

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Caterpillar Says Margins to Shrink as Incentive Costs Rise

Yahoo Daily News 30 Jul 2021

The world’s biggest maker of mining and construction equipment reported adjusted second-quarter earnings of $2.60 a share, compared with the $2.40 a share average of analysts’ estimates compiled Bloomberg ... The mining industry is starting to see cyclical cost pressures from labor, energy and raw materials, Newmont Corp.

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Heavy vehicles tire production up 20 in 3 months on year

Tehran Times 30 Jul 2021

... the Ministry of Industry, Mining and Trade announced.

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Amsa withholds dividend despite swinging to profit

Independent online (SA) 30 Jul 2021

The group generated a headline profit of R2.482bn marking a recovery from a loss of R2.613bn, amounting to a 223 cents per share profit against 239 cents loss for the comparative period in 2020 ... had increased by 9 percent to 2.2 million tons compared to the preceding six months.

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Win-win for all: CBSE Class 12 has near-perfect pass score

The Times of India 30 Jul 2021

NEW DELHI. A pandemic year that confined students to their homes, with the classroom going online, had stoked anxiety and fear. The Class XII students, poised to embrace college life, were on tenterhooks ... However, when I compared it with students from mine as well as other schools, it became clear that a lot of us are now in the same bucket ... .

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Wescoal records sales boost

Independent online (SA) 29 Jul 2021

Wescoal said although the June quarter’s sales tonnage was lower at the Vanggatfontein and Elandspruit mines compared to a year earlier, they were higher than the previous quarter’s sales ... The group said sales volumes from the Khanyisa mine were lower than in the comparable quarter and in the previous quarter.

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Kinross earnings down, Round Mountain wall stabilized

Elko Daily Free Press 29 Jul 2021

ADELLA HARDING Mining Correspondent ... Kinross produced 538,901 ounces of gold in the second quarter, compared with 571,978 ounces in the 2020 quarter, and the company attributed the drop to lower production at the Tasiast Mine in West Africa that had a mill fire, and lower production at the Bald Mountain Mine in Nevada and Kupol in Russia.

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Agnico Eagle profit soars amid higher sales, increasing metal prices

North Shore News 29 Jul 2021

The Canadian gold mining company reported a ... Agnico Eagle says its higher net income in the quarter is primarily due to higher mine operating margins compared to 2020, when gold production and sales were negatively affected by pandemic-related reductions in mining activities.

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KingHash Intelligent One-Stop Mining Platform May Change Mining Ecology

Egypt Commercial News 29 Jul 2021

Recently, KingHash upgraded its intelligent one-stop mining platform ... KingHash's three main advantages Open one click mining, convenient mining ... Compared to other platforms’ 96T and 128T, it greatly lowers the entry threshold for mining, making it easy for C-end users to participate in order to share the benefits of mining.

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All about Bitcoin Miners and Bitcoin Mining

Cascade Business News 29 Jul 2021

The chance is that you will hear the words “Bitcoin mining,” and your brain turns into a pickaxe, soil western fantasy, and becomes extremely wealthy. Bitcoin mining is performed by solid P.C.s that tackle complex problems in numeric computation to be unmanaged and weigh down incredibly high-end P.C.s ... The Bitcoin Mining Analogy.

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FLSmidth to acquire thyssenkrupp’s Mining business

Dry Bulk 29 Jul 2021

FLSmidth A/S and thyssenkrupp AG have reached an agreement whereby FLSmidth will acquire thyssenkrupp’s Mining business ... thyssenkrupp is a leading full-line supplier of solutions for mining systems, mineral processing, material handling and services, which is highly complementary to FLSmidth’s mining offering.

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Peabody Reports Results For Quarter Ended June 30, 2021

Maryville Daily Forum 29 Jul 2021

Loss from continuing operations, net of income taxes totaled $23.0 million compared to $1.5 billion in the prior year, or $127.2 million excluding the $1.4 billion non-cash impairment of the North Antelope Rochelle Mine ... Seaborne Thermal Mining Operations ... Seaborne Metallurgical Mining Operations ... Powder River Basin Mining Operations.