Nvidia forecast beats expectations but crypto mining’s role remains unclear
Nvidia Corp (NVDA.O) forecast second-quarter revenue above analysts’ estimates on Wednesday, but shares fell 1% after-hours as the company could not say for certain how much of its recent revenue rise was driven by the volatile cryptocurrency-mining market.
Bitcoin reclaims $40,000 as crypto volatility lingers
Bitcoin climbed back above $40,000 on Wednesday for the first time this week, as recent volatility in the cryptocurrency market showed few signs of dampening down.
Oil drillers and Bitcoin miners bond over natural gas
On U.S. oil patches stretching along the Rockies and Great Plains, trailers hitched to trucks back up toward well pads to capture natural gas and convert it on the spot into electricity.
Analysis: In world’s top copper region political risk rises
In South America’s copper-rich Andes political risk is rising as high poverty and debt levels amid the COVID-19 pandemic drive potentially sharp policy shifts and put mining wealth into the crosshairs of angry citizens and political leaders. In No. 1 copper producer Chile, an overhaul of its market-orientated constitution is underway, and it is debating […]
Bitcoin recoups some losses after Musk-triggered tumble
Bitcoin popped back above $50,000 in Asian trade on Thursday, clawing back some of the 17% plunge that followed Elon Musk’s tweet that Tesla Inc (TSLA.O) would stop accepting the digital tokens as payment for its cars. The price of the world’s largest cryptocurrency dropped from around $54,819 to $45,700, its lowest since March 1, in just under two […]
Low carbon world needs $1.7 trillion in mining investment
Mining companies need to invest nearly $1.7 trillion in the next 15 years to help supply enough copper, cobalt, nickel and other metals needed for the shift to a low carbon world, according to consultancy Wood Mackenzie. The United States, Britain, Japan, Canada and others raised their targets on cutting carbon emissions to halt global […]
AFMIC 2021
Africa Mining Convention AFMIC 2021 is Africa’s pioneering virtual mining exhibition & conference that will bring together policymakers from Africa’s major mining countries along with global mining business leaders for three days of seamless networking and discussions encompassing, reforms, technology, investments and issues impacting the entire African mining value chain. Keeping in view the social […]
