Tag #Mining

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english.elpais.com

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Mar 9, 10:10

Elsztain Expands Mining Investments Amidst Argentina's Economic Contraction

Argentine businessman Eduardo Elsztain, close to President Milei, significantly expanded his mining investments in 2024, acquiring a majority stake in Challenger Gold for approximately $10 million, a strategic move amidst a generally contracting Argentine economy.

Elsztain Expands Mining Investments Amidst Argentina's Economic Contraction

Argentine businessman Eduardo Elsztain, close to President Milei, significantly expanded his mining investments in 2024, acquiring a majority stake in Challenger Gold for approximately $10 million, a strategic move amidst a generally contracting Argentine economy.

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Decent Work and Economic Growth

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How do government policies and market conditions influence Elsztain's investment decisions in Argentina's mining sector?

Elsztain's investments are driven by government incentives like the Regime of Incentives for Large Investments (RIGI) and the record-high gold prices in 2024, reaching $2,787 per ounce. His existing agricultural and real estate holdings, while showing mixed results (Cresud profits down, IRSA losses), underscore a diversification strategy within Argentina's challenging economic climate.

dw.com

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Mar 7, 19:11

Bitcoin: A Decentralized Digital Currency

Bitcoin, a digital currency created in 2008, operates on a decentralized, public blockchain, with new bitcoins created through energy-intensive 'mining' that is limited to approximately 21 million total coins.

Bitcoin: A Decentralized Digital Currency

Bitcoin, a digital currency created in 2008, operates on a decentralized, public blockchain, with new bitcoins created through energy-intensive 'mining' that is limited to approximately 21 million total coins.

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Climate Action

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What is Bitcoin and how does it function differently from traditional currencies?

Bitcoin, first described in a 2008 paper by the pseudonymous Satoshi Nakamoto, is a digital currency independent of states and central banks. Unlike traditional currencies, Bitcoin transactions are not confirmed by a central authority but by a decentralized, public ledger called the blockchain.

forbes.com

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Mar 5, 07:15

Iron Ore Price Plummets, Hitting Australian Miners

Falling iron ore prices, hitting a six-year low of $100.15 per ton due to decreased Chinese demand and increased US tariffs, significantly impact smaller Australian miners while larger producers remain relatively stable.

Iron Ore Price Plummets, Hitting Australian Miners

Falling iron ore prices, hitting a six-year low of $100.15 per ton due to decreased Chinese demand and increased US tariffs, significantly impact smaller Australian miners while larger producers remain relatively stable.

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How do US tariffs on Chinese goods contribute to the falling iron ore prices?

The decreased demand for steel in China, coupled with increased US tariffs, has created a significant oversupply of iron ore, driving prices down. This impacts lower-grade ore producers disproportionately due to discounts applied to their products. The Chinese government's stimulus plans might offer temporary relief but are unlikely to counteract the broader structural decline.

elmundo.es

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Mar 4, 22:09

Aznalcóllar Mining Case: Multiple Investigations Clear Defendants

Sixteen defendants in the Aznalcóllar mining case, including former high-ranking officials, face charges of influence peddling and malfeasance related to a 2013 contract award to reactivate the mine; however, multiple independent investigations have cleared them of wrongdoing.

Aznalcóllar Mining Case: Multiple Investigations Clear Defendants

Sixteen defendants in the Aznalcóllar mining case, including former high-ranking officials, face charges of influence peddling and malfeasance related to a 2013 contract award to reactivate the mine; however, multiple independent investigations have cleared them of wrongdoing.

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Clean Water and Sanitation

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How did the Fiscalía's repeated dismissal of criminal wrongdoing influence the defense strategy?

The case centers on the 2013 awarding of a contract to reactivate the Aznalcóllar mine, a site of a major environmental disaster in 1998. Multiple independent investigations, including those by the Fiscalía, the UCO (Guardia Civil), and external experts, have found no evidence of criminal activity or irregularities in the bidding process. These findings directly contradict the initial accusations.

english.elpais.com

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Feb 28, 16:10

Global Competition for Critical Minerals Intensifies as US Eyes Greenland

Days before his return to the White House, Donald Trump stated that the US needs Greenland for national security reasons, highlighting the global competition for critical minerals, especially rare earths where China holds a dominant position. The EU's Critical Raw Materials Act aims to improve its s...

Global Competition for Critical Minerals Intensifies as US Eyes Greenland

Days before his return to the White House, Donald Trump stated that the US needs Greenland for national security reasons, highlighting the global competition for critical minerals, especially rare earths where China holds a dominant position. The EU's Critical Raw Materials Act aims to improve its s...

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Industry, Innovation, and Infrastructure

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How will the EU's Critical Raw Materials Act impact the European mining industry and its strategic autonomy regarding critical mineral imports?

The European Union's Critical Raw Materials Act (CRMA) aims to increase the EU's strategic autonomy by boosting domestic critical mineral production. The CRMA sets targets for 2030, including sourcing 10% of annual demand within the EU and limiting reliance on any single country to 65% of imports. This initiative reflects Europe's recognition of its past over-reliance on external sources.

forbes.com

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Feb 25, 04:09

Mitsui's $5.3 Billion Iron Ore Investment in Western Australia

Mitsui invested $5.3 billion in a 40% stake of the Rhodes Ridge iron ore deposit in Western Australia, boosting the Wright family's wealth by the same amount and securing a long-term supply of high-grade ore amidst shifting global steel demand.

Mitsui's $5.3 Billion Iron Ore Investment in Western Australia

Mitsui invested $5.3 billion in a 40% stake of the Rhodes Ridge iron ore deposit in Western Australia, boosting the Wright family's wealth by the same amount and securing a long-term supply of high-grade ore amidst shifting global steel demand.

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Decent Work and Economic Growth

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How does Mitsui's investment reflect the changing dynamics of global steel demand and supply, considering the slowing demand in China?

The investment highlights Mitsui's strategic focus on securing long-term iron ore supply, anticipating increasing steel demand in India and Southeast Asia despite a potential slowdown in China. The deal leverages Mitsui's established relationship with the Wright family, spanning over two decades, and utilizes Rio Tinto's existing infrastructure for export.

bbc.com

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Mar 7, 07:10

Deep-Sea Mining Tech Advances, But Environmental Concerns Persist

Impossible Metals is developing AI-powered robots for deep-sea mining of polymetallic nodules, aiming to minimize environmental impact by avoiding lifeforms and reducing sediment disturbance; however, critics express concerns about habitat destruction, with past experiments showing long-lasting dama...

Deep-Sea Mining Tech Advances, But Environmental Concerns Persist

Impossible Metals is developing AI-powered robots for deep-sea mining of polymetallic nodules, aiming to minimize environmental impact by avoiding lifeforms and reducing sediment disturbance; however, critics express concerns about habitat destruction, with past experiments showing long-lasting dama...

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Life Below Water

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What are the broader economic and political factors influencing the development and regulation of deep-sea mining?

While Impossible Metals claims its robot minimizes environmental impact by using AI to avoid lifeforms and optimized arms to reduce sediment disturbance, critics argue the fundamental act of mining destroys the deep-sea habitat. Past mining experiments have left lasting scars on the seabed, with wildlife recovery taking decades. The company's assertion that deep-sea mining reduces the need for land-based mining is challenged by the volatile market for the metals sought and uncertainty over supply shortages.

aljazeera.com

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Mar 5, 16:13

Zambia's Lead Mine Crisis: Government Inaction Causes Widespread Child Lead Poisoning

A Human Rights Watch report details how the Zambian government's inaction on environmental law violations at Kabwe's abandoned lead mine has led to over 95% of children having elevated blood lead levels, with soil contamination reaching 300 times the US EPA's hazard threshold, affecting nearly 200,0...

Zambia's Lead Mine Crisis: Government Inaction Causes Widespread Child Lead Poisoning

A Human Rights Watch report details how the Zambian government's inaction on environmental law violations at Kabwe's abandoned lead mine has led to over 95% of children having elevated blood lead levels, with soil contamination reaching 300 times the US EPA's hazard threshold, affecting nearly 200,0...

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Good Health and Well-being

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What immediate actions are required to address the severe lead poisoning crisis affecting children in Kabwe, Zambia, and what are the specific global implications?

A new Human Rights Watch report reveals that over 95% of children near Kabwe, Zambia's shuttered lead mine, have dangerously high blood lead levels. This is due to the Zambian government's failure to regulate mining companies operating in the area, resulting in widespread contamination and severe health risks for the population. The report highlights the government's complicity in allowing hazardous mining practices to continue, leading to a severe public health crisis.

elpais.com

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Mar 4, 01:11

Aznalcóllar Mine Reopening Trial Begins Amidst Allegations of Irregularities

A trial has begun in Seville for alleged irregularities in the 2013 tender for reopening the Aznalcóllar mine, awarded to Minorbis-Grupo México, with 16 individuals accused of crimes ranging from influence peddling to fraud; plaintiffs include Emerita Resources and Ecologistas en Acción who are conc...

Aznalcóllar Mine Reopening Trial Begins Amidst Allegations of Irregularities

A trial has begun in Seville for alleged irregularities in the 2013 tender for reopening the Aznalcóllar mine, awarded to Minorbis-Grupo México, with 16 individuals accused of crimes ranging from influence peddling to fraud; plaintiffs include Emerita Resources and Ecologistas en Acción who are conc...

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Responsible Consumption and Production

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What are the main accusations in the Aznalcóllar mine reopening trial, and what are their immediate implications for those involved and the project?

A decade after the Aznalcóllar mine reopening tender was awarded, a trial began in Seville for alleged irregularities. 16 individuals, including former Junta officials and representatives from Minorbis-Grupo México and Magtel, face charges including bribery and fraud. A key plaintiff, Emerita Resources, lost the tender and alleges damages of nearly €7.2 million.",

elmundo.es

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Mar 3, 07:09

Greenland's Resource Potential: Fact vs. Fiction

Despite U.S. claims of Danish obstruction, Greenland's government independently manages its considerable natural resources, including rare earth minerals and oil, but faces significant challenges in exploitation due to environmental concerns, geographical limitations, and high costs, with past proje...

Greenland's Resource Potential: Fact vs. Fiction

Despite U.S. claims of Danish obstruction, Greenland's government independently manages its considerable natural resources, including rare earth minerals and oil, but faces significant challenges in exploitation due to environmental concerns, geographical limitations, and high costs, with past proje...

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Sustainable Cities and Communities

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What are the primary obstacles hindering the successful exploitation of Greenland's natural resources beyond the political narratives?

The narrative promoted by the U.S. regarding Danish control over Greenland's resources is false. Greenland's self-governance allows it to independently manage its resources; a fact contradicted by statements made by U.S. officials. This misinformation campaign may be intended to bolster U.S. influence in the region.

dw.com

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Feb 26, 13:09

Vale Accused of Contaminating Brazilian Indigenous Community

A lawsuit filed by Brazil's Federal Public Ministry accuses Vale mining company, the federal government, and Pará state of heavy metal contamination impacting 1,700 Xikrin do Cateté Indigenous people in Pará state, Brazil; Vale denies responsibility, citing judicial reports; the MPF demands immediat...

Vale Accused of Contaminating Brazilian Indigenous Community

A lawsuit filed by Brazil's Federal Public Ministry accuses Vale mining company, the federal government, and Pará state of heavy metal contamination impacting 1,700 Xikrin do Cateté Indigenous people in Pará state, Brazil; Vale denies responsibility, citing judicial reports; the MPF demands immediat...

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Good Health and Well-being

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What are the long-term implications of this case for environmental regulation in Brazil's mining industry and the protection of Indigenous communities?

This legal action could set a precedent for future environmental disputes involving mining companies and Indigenous communities in Brazil. The outcome will determine the extent of Vale's responsibility and the effectiveness of measures to address the contamination. Long-term monitoring of the Xikrin's health and the implementation of environmental safeguards are crucial.

dailymail.co.uk

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Feb 24, 07:07

WA Government Faces \$1.8 Billion Indigenous Land Damage Claim

The Yindjibarndi people are suing the WA government for \$1.8 billion for the destruction of hundreds of cultural heritage sites during Fortescue's iron ore mining at the Solomon Hub in the Pilbara region, with the government offering a paltry \$5-10 million; this Federal Court case will set a prece...

WA Government Faces \$1.8 Billion Indigenous Land Damage Claim

The Yindjibarndi people are suing the WA government for \$1.8 billion for the destruction of hundreds of cultural heritage sites during Fortescue's iron ore mining at the Solomon Hub in the Pilbara region, with the government offering a paltry \$5-10 million; this Federal Court case will set a prece...

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Reduced Inequality

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How does this case reflect broader issues of Indigenous land rights and the balance between economic development and cultural preservation in Australia?

This legal battle highlights the conflict between economic interests and Indigenous rights in Australia. The massive discrepancy between the Yindjibarndi's claim and the government's offer underscores the historical imbalance of power and the undervaluation of Indigenous cultural heritage. The outcome will significantly impact future mining operations and compensation agreements nationwide.

Showing 133 to 144 of 215 results