JPMorgan Chase makes its first $75M investment from a new $10B fund targeting industries critical to national security. The move into antimony mining signals a strategic shift for the banking giant amid growing resource competition.
Researchers have created the most comprehensive map of tropical mining operations using machine learning and high-resolution satellite imagery. The dataset reveals mining activities covering approximately 66,400 square kilometers annually across tropical regions worldwide.
Scientists have developed a comprehensive mapping system that reveals the extensive footprint of mining operations across tropical regions worldwide, according to a new report published in Nature Sustainability. The research team utilized advanced machine learning algorithms trained on thousands of mining sites to automatically identify and map extraction areas using high-resolution satellite imagery.
Hive Digital is expanding its Paraguay data center by 100MW, reaching 400MW total capacity powered entirely by hydroelectricity. The expansion supports the company’s goal of reaching 35 Exahash per second in Bitcoin mining capacity by 2026.
Hive Digital has announced plans to significantly expand its hydroelectric-powered Yguazú data center in Paraguay, according to company reports. The 100MW expansion will bring the facility’s total capacity to 400MW, making it the largest of its kind in the country when completed.
The Iron Ore Power Play: How Price Demands Sparked Industry Consolidation China’s aggressive campaign to reduce iron ore costs and…
BHP Group has signaled confidence in global commodity demand resilience even as it anticipates moderated growth in China. The mining giant reported mixed quarterly production results while continuing delicate negotiations with China’s state-run iron ore purchaser. CEO Mike Henry emphasized underlying strength in macroeconomic signals despite expected deceleration.
BHP Group, the world’s largest miner by market capitalization, has reported a 1% decline in iron ore production to 64 million tonne during the September quarter, according to the company’s production report. The decrease reportedly stemmed from planned maintenance upgrades at the company’s Western Australian facilities. Meanwhile, copper production increased by 4% and steelmaking coal output grew by 8% during the same period, suggesting diversified performance across the company’s commodity portfolio.
Mysterious Burning Object Triggers Multi-Agency Space Debris Investigation Authorities have launched a comprehensive investigation after mine workers discovered burning suspected…
Banking giant HSBC has upgraded Freeport-McMoRan shares from hold to buy, with a new $50 price target representing 20% upside potential. The move comes as copper prices have surged 23% year-to-date, outpacing the S&P 500’s gains, driven by supply constraints and growing demand from technology sectors.
Financial services firm HSBC has upgraded its rating for Freeport-McMoRan shares from hold to buy, according to recent reports. Analyst Jonathan Brandt reportedly increased his price target to $50 per share from $43, signaling approximately 20% potential gain ahead based on the analysis.
