mining

  Despite the international movement away from carbon intensive sources of energy, coal still has a significant role to play, particularly in developing regions of the world. That’s the verdict from Andre Bojé, CEO of coal exploration company Minergy, who spoke to ELN about the future of the fossil fuel resource yesterday. Speaking ahead of the […]

Chinese bitcoin mining firms are considering moving to Canada in the face of potential crackdowns and rising energy costs. China has grown into one of the world’s biggest sources of cryptocurrency mining but there are signs it is increasing scrutiny of the sector’s players and may ask local authorities to regulate their power use. Mining […]

  As Bitcoin soars in popularity, it uses increasingly large amounts of power – its consumption has soared by 30% in the last month alone. If usage continues to grow at this rate, the network could surpass the power consumption of the USA by mid-2019 and the whole world by early 2020. That’s the suggestion […]

Researchers have found a way to extract rare materials and metals from coal in an efficient, cheap and environmentally friendly way. Scientists from the University of Kentucky say the new method of producing high-grade rare earth elements will make manufacturing the essential components found in iPhones, computers, missiles and other technological applications much cleaner. Materials […]

The transition to a clean energy system will boost demand for a wide variety of minerals and metals. That’s according to a new report from the World Bank, which says the continuing boom in low carbon energy technologies such as wind, solar and battery storage will require an increase in the supply of aluminum, copper, lead, lithium, manganese, […]

Inenco brings you the weekly Y Report. A personal update of the world of energy.

Most of the largest metal and mining companies don’t support new climate regulations. That’s according to a new report which states only two out of 11 – which includes BHP Billiton, Rio Tinto and Antofagasta – do support it. It added many are also failing to “effectively manage carbon and water risks”. Not-for-profit firm CDP encourages businesses to provide their […]

The coal industry is being handed billions of dollars of public money to build new power plants and expand mining operations. A new report published by campaign groups found more than $73 billion (£47.7bn) – or around $9 billion (£5.9bn) a year – has been invested by international financial organisations and governments worldwide in the […]

China is providing $50 billion (£32bn) to boost Brazil’s energy sector. Brazilian oil and gas company, Petrobas, will receive $7 billion (£4.5bn) to support oil projects in the country. The cash will also help mining firm Vale finance 24 mining ships. In addition, the Government of China and Brazilian renewable company EDPR have signed co-operation agreements […]

The World Bank has offered help to clean up some of China’s old mines. It has pledged $100 million (£64m) to clean up coal from an old mining area in Huainan Municipality in western China.The area has suffered from subsidence and environmental damage, the money will be used to clean it up and turn it […]