Matador Mining has raised funding in a share placement to complete a scoping study on the Cape Ray gold project in Canada. The company raised the A$5m ($3.35m) financing through a private placement of shares to institutional, professional and sophisticated investors. Matador Mining plans to use these proceeds towards the completion of a scoping study to assess gold production at … Read More
Hypervine and ESA provide blockchain satellite technology for mining
Scottish artificial intelligence and blockchain technology company Hypervine has begun work on a project to develop tools to improve the efficiency of mining projects that use satellite imagery through the use of its blockchain ledger. The project is co-funded by the European Space Agency (ESA) as part of efforts to develop services using space-based data. Blockchain technology offers a secure … Read More
BHP says coronavirus Covid-19 outbreak could hit demand
Follow the latest updates of the coronavirus outbreak on our timeline. Anglo-Australian mining multinational BHP anticipates a net demand loss due to the coronavirus Covid-19 outbreak in China unless the widespread disease is contained by the end of next month. The company expects to revise its expectations for economic and commodity demand growth downwards if the virus is not demonstrably well contained. The … Read More
