Sentences with phrase «own mining operation»

Costs back then were still low by today's standards, but the integrated mining operations were seeing operating costs of $ 12 - 18 / bbl and new projects needed $ U.S. oil prices of $ 20 - $ 30 to generate reasonable rates of return.

The giant mining operations of Asia stack thousands of computers in dimly lit factory buildings powered by cheap electricity from coal - fed generating plants.

Compared with some larger mining operations that can make several whole coins a day, that's the mining equivalent of looking for loose change on the sidewalk.

If you need evidence of this fact, consider China's massive state mining operations and stake in Bitcoin, undeniably viewed as a tool for leverage on a global scale.

Bitmain's mining operation in the northern Chinese city of Ordos uses $ 39,000 of electricity a day.

Lucara is also contemplating construction of an underground mining operation, in addition to its existing open - pit facility.

Cryptocurrency mining operations in upstate New York have been driving up power bills for other customers.

This has led to a phenomenon known as cryptojacking, where people's computers are hijacked to contribute to the attacker's cryptocurrency mining operation, without their knowledge.

Lamb explains how Lucara was the first mining operation to implement X-ray transmission machines.

The New York decision came as one of the affected towns, Plattsburgh, temporarily banned new Bitcoin mining operations.

Thanks to recent efforts to consolidate its mining operations in the Northwest Territories and some savvy decisions on Gannicott's part, the Toronto - headquartered diamond producer is quickly becoming Canada's answer to Luxembourg - based De Beers.

A few years ago, around 500 people filled the office, overseeing mining operations that spanned the globe.

«We also have two exploration licences we are working on that are within 30 kilometres of our current mining operations,» Lamb says.

A recent study by Accenture discovered that going digital has helped improve mining operations by up to 47 percent, cutting costs and speeding up decision - making.

The CTO will also help build out the firm's crypto - mining operations.

Fernando Coelho Filho, Brazil's Mining and Energy Minister, says there is some relief that protects the area from illegal mining operations.

We set up a small Bitcoin and Ethereum mining operation... that miraculously now is actually making a lot of money.»

Local explorer Empire Resources is set to begin operations at its Penny's Find gold project near Kalgoorlie, after contracting NRW Holdings to undertake mining operations at the open pit.

Hadley Stern of Fidelity Labs tells Fortune that the U.S. based mining operation is very modest, however, and the undisclosed profits — CEO Johnson reportedly told the conference the mining «is actually making a lot of money» — are mostly the result of cryptocurrencies» dramatic rise in value.

Since the acquisition of the high - grade, low - cost Paulsens mine in July 2010, Northern Star has continued to assemble a portfolio of high - quality, high - margin mining operations, with the aim of delivering maximum total returns to its Shareholders.

Fidelity's mining operations aren't the only way the company is gaining insights into cryptocurrency.

The new reality of the global mining industry is that most of the large, high - grade mine operations located in favourable jurisdictions are getting long in the tooth.

Metzger points out that there are far more asteroids near Earth than could ever be explored solely through scientific funding, and highlights the role terrestrial mining operations have played in expanding geologic knowledge.

Metzger describes a three - stage path to what he calls a Self - sufficient Replicating Space Industry, or SRSI, in which largely robotic mining operations would extract resources that would be transformed into useful goods in offworld robotic manufacturing facilities.

LionOre Australia has nickel and gold mining operations in Western Australia.

«As for the mining operations, China is making the process more difficult for miners, but opportunist have started to focus on Canada which is more regulatory friendly and cheap on the energy front.»

Meanwhile, the Satori botnet, which is made up of compromised Internet of Things devices, has pioneered a way to crack into legitimate crypto mining operations and siphon off freshly - mined coins, according to researchers from China - based Qihoo Netlab 360.

Blackham Resources» profitable underground mining operation at the Matilda / Wiluna gold project has been extended for another six months and new studies suggest it could be harbouring even more high - grade ounces yet to be discovered.

This may open up toll treating options for Hammer to investigate low - cost, start - up satellite open pit mining operations in the region.

Today Mirai variants continue to expand into new turf, including Mirari Okiru, which targets ARC processors (the chips embedded in cars, mobile devices, smart TVs, surveillance cameras and many more connected products) and Mirai Satori, which hijacks crypto currency mining operations,.

The most expensive projects, on an operating - cost basis, are the integrated mining operations (a few bottom - tier thermal sites may be higher, but on average the mining sites have the highest costs) such as Suncor, Syncrude, Shell and CNRL.

And, based on those results, you absolutely do not want to launch a mining operation in South Korea,

Swick will deploy four diamond drilling rigs to two of Independence Group's mining operations in WA.

West African gold miner Noble Mineral Resources has halted surface mining operations at its Bibiani project in Ghana, as it evaluates funding options for an underground development.

Not too many would associate women's business with a mining operation, but last week GRD Minproc presented a strong case for such a link.

First Cobalt says the acquisition will help it position itself as a North American - focused cobalt company, as buyers of the metal look to diversify from a widespread reliance on production in the Democratic Republic of the Congo where human rights groups have raised concerns of child labour in mining operations.

Sons of Gwalia Limited has had production from several of its mining operations hit by heavy rains.

WA - based satellite communications group Bincom Satellite Systems will launch pilot programs over the next few months using its VSAT technology to hook up three remote WA mining operations.

The city council said it needs time to consider zoning laws and lighting regulations «before commercial cryptocurrency mining operations results in irreversible change to the character and direction of the city.»

(Schuler defends the transaction, saying his company relied on «qualified, independent experts» who concluded that «profitable limestone mining operations were feasible.»)

Gather enough of them into one so - called botnet, and you've got a sizeable amount of firepower that can attack major websites, or sit there making some crypto - cash in a surreptitious mining operation.

Last week, Shell Canada Ltd. said it was cutting its workforce of 3,000 at its Albian Sands mining operation north of Fort McMurray by less than 10 per cent.

But the company's plans to expand its mining operations have hit a snag.

Currently, there are 10 such facilities, so Uranium One's mining operations now account for an estimated 10 percent of in - situ recovery production capacity in the U.S., the NRC told us in an email.

In the Village of Akron, a cryptocurrency mining operation requested a 5 MW increase in electricity delivery.

At the time, Uranium One's two licensed mining operations in Wyoming amounted to about «20 percent of the currently licensed uranium in - situ recovery production capacity in the U.S.,» according to the Nuclear Regulatory Commission.

Update, Nov. 1: This story has been updated to say that NRC now estimates that Uranium One's mining operations account for about 10 percent of in - situ recovery production capacity in the U.S.. That's half of what it was in 2010, because more in - situ recovery mining operators have been licensed since 2010.

Because defendants sold far more computing power than they owned and dedicated to virtual currency mining, they owed investors a daily return that was larger than any actual return they were making on their limited mining operations.»

China mines a lot of bitcoin — about three - quarters of the world's supply, according to Liao Xiang, chief executive of Lightningasic, a Shenzhen - based mining operation.

Up until then, NextGen was a stock exchange shell aiming at gold mining operations in Ghana.