The IMF has rejected Pakistan’s proposal to offer subsidized electricity for Bitcoin mining, citing risks of economic imbalances and market distortion, according to officials.

China has ramped up efforts to protect and restore mining areas, emphasizing green, sustainable and high-quality development in the sector under a revised Mineral Resources Law that took effect on ...

The International Monetary Fund (IMF) has rejected Pakistan's proposal to offer subsidised electricity tariffs for crypto mining operations. Per local reports, the government is still engaged with ...

With Canada's Barrick Mining developing the Reko Diq gold mine in southwestern Pakistan, Komatsu has signed a contract to supply $440 million in equipment to the project in the coming years ...

Barrick Mining Corp. and Komatsu have formalized a $440 million for new electrified mining equipment assets to the Reko Diq copper-gold mine.

IMF Rejects Pakistan’s Proposal to Subsidize Power for Bitcoin Mining: Reports Secretary of Power Dr. Fakhray Alam Irfan said that the IMF was concerned about market distortions ...

The IMF denied Pakistan's plan to offer discounted electricity rates for cryptocurrency mining.

KARACHI — From the sands of Manjhaar Beach on the far outskirts of Karachi, Pakistan, an island is just visible 10 kilometers, about 6 miles, offshore. Mist rising from the Arabian Sea often ...