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Mining
WeWork Raises “Substantial Doubt” About the Business’s Survival
WeWork Inc. stock plummeted by more than 25 percent in extended trading, after the company said there is "substantial uncertainty" about its ability continue to operate. The company said it had sustained losses and cancelled memberships for…
The ‘white hydrogen’ under our feet is a limitless source of energy that could soon…
A disruptive technology that comes out of nowhere every few years completely changes the future of global energy systems, slamming us into our awareness like a loud thunderclap.
Around 2009-2011, shale fracking was a major…
Gupta, a metals tycoon, claims Trafigura “devised” a $590mn nickel scam
In his defense, Prateek Gupta - the businessman Trafigura accuses of being the mastermind behind a $590mn Nickel Fraud - has stated that the global commodity trading company "devised" and "proposed" the scheme.
Gupta’s defence alleged in…
BHP and Vale, two mining giants, square off in court
Next week, two of the biggest mining companies in the world will face the High Court as part of a class action lawsuit that could result in fines of up to £36 billion. This is due to their involvement in a mine disaster which killed 19…
The search for earth’s precious minerals is about to expand.
The world's largest mountain range appears as flat as a pancake from sea level.
The ridge of mountains and valleys that snakes from north to south is longer than both the Andes Mountains and the North American Cordillera, and in some…
Norway wants to open up vast ocean areas to deep-sea mines
First country to mine battery metals on ocean floor .Norway’s government is readying plans to open an area of ocean nearly the size of Germany to deep-sea mining as it seeks to become the first country to extract battery metals from its sea…
Glencore cashes in on Teck Resources’ coal division
The latest twist in the biggest mining takeover battle in the past decade is that Swiss mining and trading giant Glencore has offered to buy the coal business from Teck Resources in cash.
According to the new proposal Glencore would buy…
G7 to impose new sanctions on Russian aircraft, ships and diamonds
Officials say that the G7 countries are preparing new economic sanctions against Russia. These include ships, aircrafts, individuals, and diamonds. They want to increase pressure on Russia's war machine.
A plan to limit the imports of…
Shell’s Iraqi Gas Project: How Iran will benefit
The Iranian company that is set to benefit the most from a Shell-backed project in Iraq will be the largest beneficiary. This shows the omnipresence of Tehran's interests in Iraq and puts the UK group in conflict with the changing…
Rival threatens Teck’s $23bn bid by Glencore
A new consortium is proposing to buy Teck Resources metallurgical operations. This would stop Glencore from acquiring the entire company for $23 billion.
The Globe and Mail reported that the mining veteran Pierre Lassonde is leading the…