Week of December 18, 2024
Week of December 18, 2024
Global investors and mining companies alike are excited about company's tech for mineral exploration on Earth and in space. There are certain moments when a step-change technology is perfectly timed to fill a need that is urgent and growing. Australia-based Fleet Space Technologies' satellite-enabled and AI-enhanced ExoSphere platform for discovering minerals critical to the energy transition is one of those technologies. "As we continue to strive for a net-zero future, the...
Claroty report reveals vulnerabilities in mining sector's digital defenses. Cybersecurity experts at Claroty warn that the mining and materials sector has become a frequent target of increasingly sophisticated cyber threats, with nearly half of attacks in 2024 exploiting vulnerabilities when external vendors or service providers access critical operational systems. The growing digital danger for mining companies is a byproduct of the shift into a digital era that has brought...
Mozambique unrest forces Australian company to declare force majeure at graphite mine backed by the U.S. government. The Biden administration's bet on friendshoring graphite for electric vehicle batteries from a mine in Africa suffered a major blow with Syrah Resources Ltd.'s Dec. 12 declaration of force majeure for its Balama graphite mine in Mozambique and a notice that it will default on more than $250 million in loans from United States government agencies. The...
Innovative mining company explores potential of recovering tech metal from aluminum plant in Quebec; province backs endeavor. In a move that could help fill the gap in supply left by China's ban on exports of gallium to the United States, Rio Tinto is investigating the potential of recovering this high-tech metal needed for computer chip manufacturing from its aluminum operations in Quebec. ''This new research and development project is destined to help strengthen the North...
