Rio Tinto has signed a five-year deal with accompany called Ideon Technologies to use a technology that will help it find and map minerals deposits faster, more cheaply and more accurately. The technology will first be used at six sites around the world.
In an example of climbing electricity costs across the country, Xcel Energy customers in North Dakota are facing a 20 percent jump in prices, reportedly due in large part to the company's move away from coal. Xcel last year retired one of three coal units at a plant in Minnesota and it plans to retire its three remaining coal units in 2026 and 2030, marking the company's full exit from coal with customers bearing the costs of the transition. The increase must be approved by the North Dakota Public Service Commission.
And it's another day, and another Trump administration deal rumor. The US government is reportedly looking at buying a stake in the company Critical Metals as part of the Trump administration's strategy to expand its control over the world's supply of critical minerals. The deal would give the administration a piece of a minerals project in southern Greenland, an area the President has talked a great deal about.
