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The purchase price gives Nova a total equity value of C$190 million on a fully-diluted basis.
Strike looms at First Quantum’s copper mine in Panama on impasse in wage talks| September 8, 2023 | 9:42 amThe mine started operations in 2007 and produced about 500…The project would have been one of the biggest US…Mining represents 7% of the province’s Gross Domestic Product ,…
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Lindi Jumbo offers opportunity for mining in TanzaniaGraphite developer Walkabout Resources is hoping that the development of its Lindi Jumbo graphite mine, in Tanzania, would open the floodgates for foreign investment in the African nation. Speaking at Paydirt’s Africa Downunder conference, in Perth, Walkabout CEO Andrew Cunningham said on Thursday that the $20-million to $25-million debt funding secured for the development of Lindi Jumbo marked the first foreign debt into the Tanzanian mining industry in the past 20 years, while the project itself was the first major mine to be developed over the last 10 to 15 years.
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Bitcoin Miner Gets Paid Nearly $32 Million To Reduce Mining Rate This AugustRiot Platforms was paid $31.7 million in energy credits by the Texas power grid operator ERCOT.
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ICMM publishes guidance to improve the mining, metals industry’s disclosure of Scope 3 emissionsGlobal metals and mining industry body ICMM has published a 'Scope 3 Emissions Accounting and Reporting Guidance', which provides a standardised framework for mining and metals companies to calculate and disclose their value chain emissions. With this document, ICMM aims to improve transparency and accelerate collaborative action with suppliers and customers on reducing these emissions.
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JPMorgan lowers bitcoin mining cost estimate following CBECI revisionJPMorgan has lowered its bitcoin production cost estimate to 18,000 from $21,000 following recent revisions to the CBECI methodology.
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Texas grid paid firm to stop mining crypto during heatwaveRiot Platforms ended up earning more than three times as much from energy credits than it did from mining actual Bitcoin.
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Decarbonisation in mining still a long way offA lack of consistent data to measure emissions down the supply chain of mining companies and through to customers makes it difficult to monitor and meet targets for decarbonising the sector, industry executives and investors said on Thursday.
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