Blockchain technology and the smart contracts it enables are the next innovations the mining industry needs to adopt in order to improve efficiencies and increase market transparency, a paper published by global law firm White & Case says.
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The fresh round of returns follows Rio’s promise in August to give shareholders up to $7 billion through dividends and share buybacks.
The post Rio Tinto’s exit from coal pays off, to return $3.2B from sales proceeds to shareholders appeared first on MINING.com.
The Norwegian firm, one of the world’s top producers of aluminum and alumina, said the deal faced opposition from European regulators.
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Australian mineral sands developer Sheffield Resources said on Wednesday it will receive a $69 million loan from Australia's northern infrastructure fund to help develop its Thunderbird project.
The post Australia's northern infrastructure fund backs mineral sands project appeared first on MINING.com.
Poland's state-run JSW awaits approval from the Energy Ministry in its bid to acquire the mining assets of Australia's Prairie Mining
The post Poland's JSW seeks ministry approval to buy Prairie Mining assets – CEO appeared first on MINING.com.
Petro Matad Ltd. said it drilled the Snow Leopard exploration well to 2,930 m MD in the Valley of the Lakes basin complex of central Mongolia. The well reached granitic basement on Block V. The Snow Leopard well now will be plugged and abandoned pending evaluation.
US Rep. Raul M. Grijalva (D-Ariz.), the House Natural Resources Committee’s ranking minority member, and the top Democrats on two of the committee’s subcommittees urged the US Bureau of Land Management to maintain critical wildlife and caribou habitat protections near Teshekpuk Lake on Alaska’s North Slope.
Privately owned Cuadrilla is preparing to hydraulically fracture the two horizontal wells it has drilled on its Preston New Road site in Lancashire, UK, after receiving government approval for the second completion. It received approval to frac the first well in July.
Novatek has discovered two new hydrocarbon deposits and confirmed commercial viability of Middle Jurassic deposits in Utrenneye gas and condensate field with its No. 294 well on the Gydan Peninsula of northern Siberia. The field supports the proposed 19.8-million tonne/year Arctic LNG 2 project nearby on the Gulf of Ob.
The US Coast Guard withdrew a 1999 proposed rule covering oil and gas activities on the US Outer Continental Shelf. The passage of time, advances in technology, and changes in industry practices have rendered the proposed rule covering workplace safety on vessels obsolete, it said in a Sept. 19 Federal Register notice.