MINER
In the 1920s, Utah’s Coal City was planned for 2,600 lots, but only about 200 were sold; the mining company dissolved in 1936
In the early 1920s, George A. Storrs aimed to create a unique mining town in Utah. The planned community was intended for miner-ownership with homes, farms, and essential services. Despite initial excitement, only a small portion of the lots were sold, and the project failed. The Great Western Coal Mines Company went bankrupt in 1936, leading to the town's decline.
By 1910, Tercio, Colorado's coal mines employed around 1,000 men and supported 300 families; the mine closed in 1915, and its coke works followed in 1918
Tercio, Colorado, was once a thriving coal mining company town built around the Colorado Fuel and Iron Company. Home to hundreds of mining families, the isolated community depended on the company for jobs, housing, groceries and essential services. However, mine closures between 1915 and 1918 led to its decline. Tercio’s forgotten history reveals the harsh realities of early American coal mining, workers’ struggles and the risks of company-owned towns.
Mundra to Chile, Adani amps up the volume of its heavy metal rock
Adani Group has signed an agreement with Codelco to explore a copper project in Chile. This partnership aims to ensure a secure supply of copper for its operations in Mundra, Gujarat. The agreement comes amid rising copper demand in India and a need for more imports.
Adani eyes Chile's copper riches: Kutch Copper and Codelco sign MoU to explore Kaburkaala project
Adani Group's Kutch Copper Ltd has signed an MoU with Chile's state-owned Codelco to explore the Kaburkaala copper project in northern Chile. The partnership aims to combine Adani's investment and technical capabilities with Codelco's geological expertise, potentially securing long-term copper supplies for the group's Mundra smelter as India seeks to strengthen its domestic copper supply chain.
Centre bans export of Li-ion battery waste, scrap to boost domestic recycling and critical mineral recovery
India has imposed an immediate ban on the export of lithium-ion battery black mass to strengthen its local recycling ecosystem. This decision aims to enhance domestic recovery of critical minerals, such as lithium and cobalt, which are vital for technology and energy sectors. The prohibition will ensure that battery waste generated in India is processed locally and improves utilization of recycling capacities.
In the 1920s, Madrid, New Mexico, grew into a coal-mining town of 2,500; by 1960, only two families remained as demand for coal declined
Once a bustling coal mining hub, Madrid, New Mexico, boasted around 2,500 residents until the arrival of natural gas in 1949 prompted a swift decline in coal usage. By 1960, only two families remained amidst a landscape of deserted homes and shops. However, the 1970s ushered in a renaissance as artists and craftsmen rejuvenated the area, transforming Madrid into a vibrant tourist attraction while preserving its rich mining history.
Global credit conditions to weaken next year: Moody's
Moody’s Ratings expects global credit conditions to weaken in 2027 as higher financing costs and elevated energy prices create pressure across sectors, even as major economies continue to grow. The agency said tariffs, regulation, export controls and strategic government investment will increasingly shape credit risks, trade and capital allocation. Higher refinancing costs are likely to weigh on highly leveraged borrowers and those facing near-term maturities, while banks and life insurers could benefit from higher rates.
Central Asia's biggest state holds mega business meet in USA
The forum was organized by Kazakhstan’s Ministry of Foreign Affairs in cooperation with the Atameken National Chamber of Entrepreneurs and the U.S. Chamber of Commerce on the sidelines of the B20 Summit on Nov. 9. It brought together government officials, national companies, financial institutions and business representatives from both countries, including representatives of more than 100 American enterprises, according to a report in The Astana Times.
NMDC in talks with Russia's Rosatom over lithium investments, sources say
Indian state-run miner NMDC Ltd is in talks with Russia's Rosatom to invest in lithium projects. These discussions are part of India's strategy to secure supplies for battery and EV industries. NMDC aims to enhance its global mineral diversification strategy and has formed a team for due diligence. The Indian government is investing in domestic processing of critical minerals to reduce import dependence.
Kazakhstan inks new deals to supply Uranium to Indian cos
Kazakhstan plans to supply natural uranium to major Indian energy companies beginning in 2026. These contracts are part of Kazakhstan's strategy to diversify its uranium export markets. Discussions regarding this uranium supply deal intensified after the previous contract expired a few years ago. Additionally, both countries are exploring potential collaboration in critical minerals found in abundance in Kazakhstan.
‘They spent it all on minerals’: Fans turn to Hank Schrader jokes as ‘Breaking Bad’ star Dean Norris faces divorce and debt
Dean Norris, known for his role in Breaking Bad, is going through a divorce from wife Bridget Norris. The couple married in 2001 and has five children together, with Bridget seeking joint custody. Their restaurant, Swing Inn Cafe, is also facing financial difficulties with Chapter 11 bankruptcy protection. The cafe, operational since 1927, has significant debts and lost considerable sales recently.
Centre launches ninth auction tranche for 20 critical mineral blocks, third round of exploration licences
The mines ministry has launched the ninth tranche of auctions for 20 critical and strategic mineral blocks, alongside the third tranche for exploration licence blocks. Of the 100 unique blocks offered in the first eight rounds, 64 have been auctioned. The move aims to strengthen mineral security and attract private exploration investment.
European shares rise as miners rally, tech stocks lag
European shares opened higher, led by mining stocks, as strong earnings from ArcelorMittal and easing oil prices supported sentiment. Technology stocks declined amid concerns over US policy scrutiny of AI infrastructure, while Rheinmetall plunged after cutting its sales forecast.
Centre proposing parity in mineral taxation, states' rights to remain intact: Union Mines Secretary
Proposed amendments to the Mines and Minerals (Development and Regulation) Act are intended to create tax parity across states. This initiative aims to reduce reliance on imports by fostering local production and processing of critical minerals. The Indian government has introduced significant subsidies to support industries establishing lithium and nickel processing facilities. Approximately 58 entities are now registered under a recycling program for electronic waste.
India announces $1.5-billion scheme to add 92 GWh energy storage capacity
India has launched a $1.5-billion initiative to boost its energy storage capacity significantly over the next few years. This scheme aims to develop 60 GWh of pumped hydro storage, 30 GWh of battery storage, and 2 GWh using new technologies. The project is expected to attract investments of around $10 billion during its implementation period. Additionally, a $300-million plan will support building domestic processing plants for lithium and nickel.
Centre, states to discuss mining and coal sector reforms at conference in Goa: Minister
The National Conference on Mining is set to take place in South Goa over two days. The event will involve the Centre and states discussing reforms and challenges in the mining sector. Key agenda items include launching new critical mineral auction tranches and enhancing transparency. Extensive discussions are planned with states to unlock the sector's potential and advance reforms.
Cabinet approves VGF plan for grid-scale energy storage with Rs 14,500 crore support
The Union Cabinet has approved a significant ₹14,500 crore funding scheme to develop 92 GWh of energy storage capacity. This initiative supports both hydro pumped storage and battery energy storage systems aimed at accelerating renewable energy. Additionally, a scheme has been approved for processing critical minerals like lithium and nickel to reduce import dependency. The government aims to modernize its statistical system with a ₹4,371.10 crore scheme.
Cabinet approves ₹2,814-crore scheme to promote critical mineral processing
The Union Cabinet has approved a ₹2,814-crore capital expenditure support scheme to promote critical mineral processing and strengthen India’s critical mineral ecosystem. The scheme will be implemented over five years, from FY 2026-27 to FY 2030-31.
In 1902, Wyoming’s Kirwin mining camp grew to about 200 people; by 1907, a deadly snowslide destroyed the last company buildings and the boom faded
Kirwin, a once-bustling mining community nestled in the Absaroka Mountains of Wyoming, experienced a fleeting boom in the early 1900s. The settlement featured essential amenities like hotels and stores catering to miners' needs. However, a devastating snow slide in February 1907 crippled the town’s infrastructure, leading to a rapid decline in mining activity and a mass exodus of its residents.
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