Coin News

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The cryptocurrency mining and chip development firm BitFury has announced plans to set up a new department that will investigate the benefits of ‘big data’ analysis using artificial intelligence (AI). Speaking to newswire Reuters this past Tuesday, BitFury CEO Valery Vavilov referred to big data as ‘the next oil’, highlighting the need for a much […]

As per a report, Canaan Creative, the major Bitcoin miner manufacturer, is supposed to have confidentially filed for an IPO in the US. As Bitcoin has grown into one of the biggest cryptocurrencies in the world, a range of industries have cropped up that are seeking to provide services that will help create a more […]

After several weeks of speculation, the Economic Commission of Iran has finally approved cryptocurrency mining as an industry in the country. On July 22 the Chamber of Commerce, Industries, Mines and Agriculture made an announcement approving crypto mining. The Commission indicated that the Iranian government was seeking ways of regulating the mechanism of crypto mining […]

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As the world’s largest crypto by market cap hurtles past 11k, the demand for new Bitcoin mining equipment is exceeding supply. Now, manufacturers are feeling the pressure to produce enough machines to meet this demand. Are we revisiting the same issue that occurred at the end of 2017, where demand was three times that of supply? […]

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According to Reuters, China’s state planner wants to ban Bitcoin mining. The National Development and Reform Commission (NDRC) has updated a draft list of industrial activities that it is looking to encourage, restrict, or eliminate. The list was first published in 2011. NDRC Wants to Ban Cryptocurrency Mining Unfortunately for crypto enthusiasts, cryptocurrency mining has […]

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McEwen Mining (TSX:MUX, NYSE:MUX) has suspended a planned distribution of 0.5 cents per share to shareholders, on the basis of lower-than-expected revenue during Q1 2019, the company announced on Thursday (March 7). The miner reported that operating issues at the Black Fox mine and the start-up of the Gold Bar mine were the reasons behind […]

American Pacific Mining Corp (CSE:USGD / FWB:1QC / OTC:USGDF) (“APM” or the “Company”) is pleased to announce the closing of the previously announced non-brokered private placement. A total of C$ 1,460,200 million was raised through the issuance of 14,602,000 units at $ 0.10 per unit (the “Units”). For more details on the financing please see […]

Goldcorp (TSX:G,NYSE:GG) has narrowed down an impressive list of semi-finalists and announced the three finalists that will compete in the company’s 2019 #DisruptMining innovation contest. The winner or the third annual competition will be entitled to an investment of up to C$ 1 million, in order to fund the development of its idea or technology, […]

Nevada has secured the top spot in this year’s Annual Survey of Mining Companies published by the Fraser Institute on Thursday (February 28), while Venezuela sank to the bottom and Ontario’s ranking plummeted significantly year-on-year. The study, which rates 83 jurisdictions around the world based on their geologic attractiveness for minerals and metals and the extent to […]

Barrick Gold (TSX:ABX, NYSE:GOLD) made an official bid to merge with Newmont Mining (NYSE:NEM) early Monday (February 25), in a deal that Barrick believes would create US$ 7 billion in net present value (NPV) of real synergies. The potential merger, which was hinted at on Friday (February 22), would combine the two largest gold producers […]

With Barrick Gold’s (TSX:ABX, NYSE:GOLD) massive merger with Randgold Resources complete, inside sources revealed on Friday (February 22) that the giant gold miner is now considering a hostile bid for Newmont Mining (NYSE:NEM). According to the source quoted by The Globe and Mail, which has been noted as “familiar with the matter,” said Barrick is looking […]

In case you missed it, here is this week’s technology big news roundup: Cleantech: dynaCERT Launches HydraGEN Technology for the Mining Industry Data: PowerBand Receives Conditional Approval of Fundamental Acquisition of MUSA Auto Finance Fintech: Datametrex Completes First Milestone for an IDEaS Challenge With Department of Defence Mobile: Wonderfilm Announces Completion of Two Feature Films NuRAN […]

The Queensland Resources Council (QRC) has once again spoken out against a proposed bill to ban mining in the state’s Galilee Basin. According to a statement from the QRC, the council has “identified … deep flaws” in the newly proposed Mineral Resources (Galilee Basin) Amendment Bill (Qld), which is currently being reviewed by a parliamentary […]

Canadian miner First Quantum Minerals (TSX:FM) has been outed by the Zambian finance minister as having approached the government seeking a 17-percent share of the government’s mining investment arm, ZCCM-IH. ZCCM is majority-owned by Lusaka, and according to finance minister Margaret Mwanakatwe, there are “multiple unsolicited offers” (of which First Quantum is one) for the […]

Speaking at the 2019 Association of Mineral Exploration (AME) Roundup in Vancouver, Conservative Party leader Andrew Scheer said it was his goal to create a resources permitting process that made Canada more attractive to investors. Besides reiterating plans to scrap the carbon tax and to repeal Bill C-69 — the Impact Assessment Act — he […]

In an interview with the Investing News Network (INN), Senior Director at Americas Market Intelligence Remi Piet said that the recent election of Jair Bolsonaro as President of Brazil could see more mining investment there, as the government makes positive overtures on business freedom. “[There is] a clear signal for investors that over the course of […]

Puma Exploration Inc. (TSXV:PUMA) (the “Company” or “Puma”) and Trevali Mining Corporation (TSX:TV) (“Trevali”) are pleased to release the drill results of the 2018 exploration drilling program conducted at the Murray Brook Deposit (MB Deposit). The program successfully confirmed the potential to discover additional resources at depth and on the west and south sides on […]

Tin explorer and developer Stellar Resources (ASX:SRZ) has landed a mining lease for its St Dizier tin deposit in western Tasmania, the company announced on Wednesday (January 30). The lease will allow the company to extract tin and other metals from the deposit for an initial six-year period. “Granting of [the mining lease] shows strong […]

This week, the S&P/TSX Composite index (INDEXTSI:OSPTX) had a slightly turbulent week. On Friday, the market gained due to concerns about global economic growth and political uncertainties. The S&P/TSX Venture Composite Index (INDEXTSI:JX), meanwhile, started and ended the week with gains, but dropped during the week.  In case you missed it, here is this week’s resource […]

JPMorgan analysts are taking jabs at Bitcoin once more. The executives at this major US bank have never been fond of digital currency and blockchain technology. Jamie Dimon, JPMorgan’s CEO, temporarily pulled back on his comments when BTC hit its all-time highs. Shortly after, the coin began to crash, and his skepticism picked up again. According […]