Tag #Mining

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bbc.com

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Jan 30, 16:08

Greenland's Mineral Rush: Global Demand Fuels Economic Independence

Driven by global demand for rare earth elements and other critical minerals, Greenland's untapped mineral wealth, particularly gold and other valuable metals, is attracting significant international attention, despite challenges related to operational costs, global market prices, and environmental c...

Greenland's Mineral Rush: Global Demand Fuels Economic Independence

Driven by global demand for rare earth elements and other critical minerals, Greenland's untapped mineral wealth, particularly gold and other valuable metals, is attracting significant international attention, despite challenges related to operational costs, global market prices, and environmental c...

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Decent Work and Economic Growth

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What are the primary economic and geopolitical factors driving the renewed interest in Greenland's mineral resources?

Altın, altın, altın": Greenland's untapped mineral wealth, particularly gold, is attracting significant international interest, as evidenced by Amaroq Minerals' increased production at its Nalunaq mine and exploration across 10,000 square kilometers. This surge in interest is driven by the West's need for alternative sources of rare earth elements and other critical minerals, currently dominated by China.

politico.eu

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Jan 28, 22:12

Greek Court Orders Extradition of Israeli Billionaire to Romania

A Greek court ruled on Tuesday to extradite Israeli billionaire Beny Steinmetz to Romania, where he was convicted in 2020 of illegally obtaining land; however, Steinmetz, currently hospitalized, is appealing the decision, which contradicts a 2022 ruling and the prosecutor's recommendation.

Greek Court Orders Extradition of Israeli Billionaire to Romania

A Greek court ruled on Tuesday to extradite Israeli billionaire Beny Steinmetz to Romania, where he was convicted in 2020 of illegally obtaining land; however, Steinmetz, currently hospitalized, is appealing the decision, which contradicts a 2022 ruling and the prosecutor's recommendation.

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Peace, Justice, and Strong Institutions

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What are the immediate consequences of the Greek court's decision to extradite Beny Steinmetz to Romania, and what is its broader significance for international legal cooperation?

On Tuesday, a Greek court ordered the extradition of Israeli billionaire Beny Steinmetz to Romania to face charges stemming from a 2020 conviction for illegally acquiring land. Steinmetz, currently hospitalized, is appealing the decision to Greece's Supreme Court. This overturns a 2022 ruling by the same court and contradicts the prosecutor's recommendation.", A2="Steinmetz's case highlights challenges in international legal cooperation, particularly regarding extradition requests across jurisdictions. Previous refusals by Greece and Cyprus, citing Romania's prison conditions, and the cancellation of an Interpol warrant demonstrate the complexities involved. His co-defendants have also faced similar challenges in other EU countries.", A3="The ongoing legal battles in Greece, Switzerland, and Romania underscore the transnational nature of financial crime investigations and raise questions about the effectiveness of international legal mechanisms in addressing such cases. Steinmetz's appeal to Greece's Supreme Court could set a precedent for future extradition disputes.", Q1="What are the immediate consequences of the Greek court's decision to extradite Beny Steinmetz to Romania, and what is its broader significance for international legal cooperation?", Q2="How do the conflicting court rulings in Greece and the prosecutor's recommendation affect the overall case against Steinmetz, and what role did previous extradition attempts play in the current situation?", Q3="What are the potential long-term implications of this decision for future extradition requests involving allegations of similar crimes across multiple jurisdictions, and what are the broader challenges to enforcing international justice?", ShortDescription="A Greek court ruled on Tuesday to extradite Israeli billionaire Beny Steinmetz to Romania, where he was convicted in 2020 of illegally obtaining land; however, Steinmetz, currently hospitalized, is appealing the decision, which contradicts a 2022 ruling and the prosecutor's recommendation.", ShortTitle="Greek Court Orders Extradition of Israeli Billionaire to Romania")) ####################################################################################################print(default_api.final_result(A1="On Tuesday, a Greek court ordered the extradition of Israeli billionaire Beny Steinmetz to Romania to face charges stemming from a 2020 conviction for illegally acquiring land. Steinmetz, currently hospitalized, is appealing the decision to Greece's Supreme Court. This overturns a 2022 ruling by the same court and contradicts the prosecutor's recommendation.", A2="Steinmetz's case highlights challenges in international legal cooperation, particularly regarding extradition requests across jurisdictions. Previous refusals by Greece and Cyprus, citing Romania's prison conditions, and the cancellation of an Interpol warrant demonstrate the complexities involved. His co-defendants have also faced similar challenges in other EU countries.", A3="The ongoing legal battles in Greece, Switzerland, and Romania underscore the transnational nature of financial crime investigations and raise questions about the effectiveness of international legal mechanisms in addressing such cases. Steinmetz's appeal to Greece's Supreme Court could set a precedent for future extradition disputes.", Q1="What are the immediate consequences of the Greek court's decision to extradite Beny Steinmetz to Romania, and what is its broader significance for international legal cooperation?", Q2="How do the conflicting court rulings in Greece and the prosecutor's recommendation affect the overall case against Steinmetz, and what role did previous extradition attempts play in the current situation?", Q3="What are the potential long-term implications of this decision for future extradition requests involving allegations of similar crimes across multiple jurisdictions, and what are the broader challenges to enforcing international justice?", ShortDescription="A Greek court ruled on Tuesday to extradite Israeli billionaire Beny Steinmetz to Romania, where he was convicted in 2020 of illegally obtaining land; however, Steinmetz, currently hospitalized, is appealing the decision, which contradicts a 2022 ruling and the prosecutor's recommendation.", ShortTitle="Greek Court Orders Extradition of Israeli Billionaire to Romania"))

smh.com.au

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Jan 22, 10:08

Australian Market Rises on Tech Boom, Mining Concerns

The Australian sharemarket closed higher on Wednesday, with tech stocks surging 2.4% due to a new US$500 billion AI investment, while mining stocks fell on concerns over potential US tariffs on Chinese imports; the Australian dollar slightly decreased to US62.62¢.

Australian Market Rises on Tech Boom, Mining Concerns

The Australian sharemarket closed higher on Wednesday, with tech stocks surging 2.4% due to a new US$500 billion AI investment, while mining stocks fell on concerns over potential US tariffs on Chinese imports; the Australian dollar slightly decreased to US62.62¢.

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What was the net impact of President Trump's policy announcements on the Australian share market and specific sectors?

The Australian sharemarket closed higher on Wednesday, gaining 27.4 points (0.33%) to reach 8429.8 points. This was driven by a surge in the information technology sector, which rose 2.4%, offsetting losses in mining and energy. The Australian dollar slightly decreased to US62.62¢.

smh.com.au

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Jan 21, 07:09

Strickland Metals Discovers Significant Depth Extension at Serbian Gold-Copper Deposit

Strickland Metals' diamond drilling at its Shanac gold-copper deposit in Serbia revealed a 30.1m intercept grading 1.6g/t gold equivalent from 438.9m and an 11.7m section grading 4.3g/t gold equivalent from 570.4m, extending mineralization to at least 625m and confirming a width of 180m, prompting a...

Strickland Metals Discovers Significant Depth Extension at Serbian Gold-Copper Deposit

Strickland Metals' diamond drilling at its Shanac gold-copper deposit in Serbia revealed a 30.1m intercept grading 1.6g/t gold equivalent from 438.9m and an 11.7m section grading 4.3g/t gold equivalent from 570.4m, extending mineralization to at least 625m and confirming a width of 180m, prompting a...

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What is the immediate impact of the newly discovered depth extension at Strickland Metals' Shanac deposit?

Strickland Metals announced significantly extended mineralization at its Shanac gold-copper deposit in Serbia. Diamond drilling revealed intercepts grading up to 4.3g/t gold equivalent, extending the deposit's depth to at least 625m and its width to 180m. This discovery paves the way for a resource upgrade by late March, boosting the project's overall value.

smh.com.au

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Jan 20, 07:11

Ordell Confirms Gold Deposit at Barimaia, Plans Major Drilling Program

Ordell Mining confirms a shallow, open-pittable gold deposit at its Barimaia project, near three processing plants, planning a 5,000m drilling program in February to expand exploration of this significant gold system.

Ordell Confirms Gold Deposit at Barimaia, Plans Major Drilling Program

Ordell Mining confirms a shallow, open-pittable gold deposit at its Barimaia project, near three processing plants, planning a 5,000m drilling program in February to expand exploration of this significant gold system.

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What is the immediate impact of Ordell's confirmed gold deposit at the Barimaia project?

Ordell Mining has confirmed a shallow gold deposit at its Barimaia project, suitable for open-pit mining. This deposit is part of a larger, unexplored gold system and is conveniently located near three processing plants. A 5000m reverse circulation drilling program is planned for February to expand exploration.

dailymail.co.uk

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Jan 18, 01:10

Potential £130 Billion Merger of Rio Tinto and Glencore

A potential £130 billion merger between FTSE 100 mining giants Rio Tinto and Glencore is being considered, fueled by high demand for natural resources and anticipated changes in regulatory environments in the US and UK, following a year of significant M&A activity in the mining sector.

Potential £130 Billion Merger of Rio Tinto and Glencore

A potential £130 billion merger between FTSE 100 mining giants Rio Tinto and Glencore is being considered, fueled by high demand for natural resources and anticipated changes in regulatory environments in the US and UK, following a year of significant M&A activity in the mining sector.

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How do the changing regulatory landscapes in the US and UK influence the likelihood of successful mega-mergers in the mining sector?

The proposed merger reflects the industry's consolidation amid rising demand for key resources. Favorable conditions, such as decreasing global interest rates and anticipated less stringent antitrust regulations under the incoming Trump administration and Rachel Reeves's leadership in the UK, are contributing factors. This contrasts with the failed BHP-Anglo American merger in 2024, highlighting the complexities of such large-scale transactions.

smh.com.au

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Jan 29, 04:10

Australian Steel Alloy Exploration Surges on Global Demand

Australian companies are intensifying exploration for critical minerals used in steel alloys, driven by global demand. Estrella Resources found high-grade manganese (57.5% and 63.4%) in Timor-Leste, while Surefire Resources is developing a large vanadium project in WA (464 million tonnes at 0.3% van...

Australian Steel Alloy Exploration Surges on Global Demand

Australian companies are intensifying exploration for critical minerals used in steel alloys, driven by global demand. Estrella Resources found high-grade manganese (57.5% and 63.4%) in Timor-Leste, while Surefire Resources is developing a large vanadium project in WA (464 million tonnes at 0.3% van...

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Industry, Innovation, and Infrastructure

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How are Australian exploration companies leveraging the global demand for critical minerals used in steel alloys?

The rising importance of steel alloys in various industries is fueling exploration efforts globally. Companies are focusing on high-grade deposits to improve economics, as seen in Surefire's beneficiation process that increases vanadium grade threefold. This focus on high-grade ores reflects the increasing value of these critical minerals.

bbc.com

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Jan 27, 04:06

Trump's Greenland Claim Highlights Global Competition for Rare Earth Minerals

President Trump's recent claim on Greenland, rejected by the territory, underscores the growing global competition for the island's vast and largely untapped mineral resources, including rare earth elements vital for various technologies.

Trump's Greenland Claim Highlights Global Competition for Rare Earth Minerals

President Trump's recent claim on Greenland, rejected by the territory, underscores the growing global competition for the island's vast and largely untapped mineral resources, including rare earth elements vital for various technologies.

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How does the geopolitical context of China's dominance in rare earth metals influence the interest in Greenland's mineral resources?

The geopolitical competition for Greenland's mineral resources reflects a broader struggle for control of critical raw materials. China's dominance in rare earth metals production has incentivized Western nations to diversify their supply chains, making Greenland's largely untouched reserves a strategic target. This competition underscores the growing importance of securing access to essential resources in the global economy.

smh.com.au

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Jan 22, 13:11

WA Government Funds $175,000 Rare Earth Research Project

The WA Government provided $175,000 to RSC Consulting for research into rare earth extraction in the Yilgarn region, involving collaborations with junior mining firms like Terrain Minerals and Dreadnought Resources and Curtin University to establish a new rare earth province and unlock the region's ...

WA Government Funds $175,000 Rare Earth Research Project

The WA Government provided $175,000 to RSC Consulting for research into rare earth extraction in the Yilgarn region, involving collaborations with junior mining firms like Terrain Minerals and Dreadnought Resources and Curtin University to establish a new rare earth province and unlock the region's ...

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Industry, Innovation, and Infrastructure

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What are the immediate economic and industrial implications of the WA government's $175,000 investment in rare earth research?

The Western Australian government has allocated $175,000 to research rare earth extraction in the Yilgarn region, led by RSC Consulting in collaboration with several mining firms and Curtin University. This initiative aims to establish a new rare earth province and boost the state's economy by creating jobs and processing opportunities. A significant aspect of this funding involves investigating advanced processing techniques for rare earth elements.

china.org.cn

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Jan 20, 04:08

China Discovers Major Rare Earth Deposit in Yunnan

China announced the discovery of a major rare earth deposit in Yunnan province, containing 1.15 million metric tons of potential resources, including over 470,000 tons of critical rare earths vital for electric vehicles and renewable energy, further strengthening its global dominance in this sector.

China Discovers Major Rare Earth Deposit in Yunnan

China announced the discovery of a major rare earth deposit in Yunnan province, containing 1.15 million metric tons of potential resources, including over 470,000 tons of critical rare earths vital for electric vehicles and renewable energy, further strengthening its global dominance in this sector.

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How does this discovery relate to China's broader strategy for securing its position in the global high-tech industry?

The deposit, primarily consisting of medium and heavy rare earths, is considered the largest of its kind in China, addressing the nation's relative scarcity of these elements vital for electric vehicles and renewable energy technologies. This discovery builds upon China's existing rare earth infrastructure and expertise, accumulated since the 1969 discovery of a super-large ion-adsorption deposit in Jiangxi province.

dailymail.co.uk

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Jan 18, 01:10

Mining Sector Poised for M&A Surge Amidst Slowing Chinese Demand

Slowing Chinese economic growth and the increasing demand for copper are driving predictions of a surge in mergers and acquisitions within the mining sector in 2025, following failed merger talks between Rio Tinto and Glencore and BHP's failed bid for Anglo American.

Mining Sector Poised for M&A Surge Amidst Slowing Chinese Demand

Slowing Chinese economic growth and the increasing demand for copper are driving predictions of a surge in mergers and acquisitions within the mining sector in 2025, following failed merger talks between Rio Tinto and Glencore and BHP's failed bid for Anglo American.

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What are the primary factors driving the predicted surge in mining mergers and acquisitions in 2025?

Rio Tinto and Glencore held merger talks in October 2024, which would have created a £130 billion company. These discussions failed, but experts predict a surge in mining mergers and acquisitions (M&A) in 2025, driven by softening commodity demand from China and the need to secure copper assets for the green energy transition. This follows Rio Tinto's £5.5 billion purchase of Arcadium and Glencore's £5.6 billion acquisition of Teck Resources' steelmaking coal unit.

bbc.com

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Jan 16, 13:08

Pakistan's Gold Rush: New Claims and the Reko Diq Project

Punjab's Minister of Minerals recently claimed a 700 billion rupees gold reserve discovery in Attock, Pakistan, adding to previous claims of significant gold reserves in various regions, with ongoing exploration by the Geological Survey of Pakistan and the potential for increased production from pro...

Pakistan's Gold Rush: New Claims and the Reko Diq Project

Punjab's Minister of Minerals recently claimed a 700 billion rupees gold reserve discovery in Attock, Pakistan, adding to previous claims of significant gold reserves in various regions, with ongoing exploration by the Geological Survey of Pakistan and the potential for increased production from pro...

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How do the reported gold reserves in different regions of Pakistan compare to the actual gold production, and what are the factors hindering increased output?

These recent claims follow a pattern of past announcements regarding significant mineral discoveries in Pakistan, often accompanied by promises of economic prosperity. While the government reports gold reserves in Balochistan and Khyber Pakhtunkhwa, the actual amount of gold extracted annually remains relatively low—around 1.5 to 2 tons. The Reko Diq project in Balochistan, once stalled, is expected to increase gold production significantly in the coming decade.

Showing 97 to 108 of 149 results