Tag

Mineral Resources

All articles tagged with #mineral resources

world2 months ago•5 min saved

Swedish City Relocated Amid Europe's Mineral Boom

The Swedish city of Kiruna is being relocated due to ground subsidence from iron ore mining, with a new city being built 3 km away by 2035. This move is driven by Europe's demand for raw materials, especially rare earth elements recently discovered by LKAB, which also plays a key role in the city's transformation. The project faces political, economic, and environmental challenges, including concerns about community sustainability and indigenous Sami culture, but is seen as vital for Europe's green transition and strategic resource independence.

via CNBC|

#city-relocation #kiruna #lkab

business7 months ago•0 min saved

Pentagon's Rare Earth Strategy Challenges China and Boosts U.S. Industry

A rare earths mining company is benefiting from US government support and funding, highlighting increased interest and investment in critical mineral resources for technology and industry. The article discusses the strategic importance of rare earths and the role of government assistance in boosting domestic production.

via Financial Times|

#business #lithium #mineral-resources

businesseconomy2 years ago•2 min saved

"Saudi Arabia Boosts Mineral Resource Value to $2.5 Trillion, Prepares for Increased Metals Demand"

Saudi Arabia has nearly doubled the value of its mineral resources to $2.5 trillion, with lucrative deals signed at its Future Minerals Forum. The resources include gold, copper, phosphate, and rare earth elements, offering new sources of wealth alongside its oil reserves. The government announced $20 billion in deals and aims to award foreign investors over 30 mining exploration licenses by 2024 as part of its Vision 2030 program to diversify the economy. The mining minister highlighted recent reforms and a new mineral exploration incentive program, expressing optimism about meeting the program's goals.

via CNBC|

#businesseconomy #economic-diversification #investment

geopolitics2 years ago•7 min saved

Russia's Military Buildup and Resource Acquisition Amid Tensions with Ukraine and NATO

As Russia's military spending increases, the country is eyeing Ukraine's mineral resources to fund its ongoing aggression. The Russian budget allocates funds for rebuilding annexed Ukrainian regions and investing in the occupied area's mining industry. Russia has effectively controlled more than 20% of Ukraine's known deposits since 2014, denying Ukraine billions of dollars in revenue. By exploiting Ukraine's natural resources, including coal, metals, and oil, Russia aims to boost its own coffers and fund its war effort. To curb Russia's ability to wage war, experts suggest stronger enforcement of sanctions on Russia's export of natural resources and wider adoption of sanctions by other countries.

via Yahoo News|

#geopolitics #mineral-resources #russia

environment2 years ago•2 min saved

"Discovery of 5,000+ New Species in Pacific Ocean Raises Concerns"

Scientists have discovered about 5,000 new species in the Clarion-Clipperton Zone (CCZ), a mineral-rich area of the Pacific Ocean between Hawaii and Mexico, where companies plan to mine for polymetallic nodules. The CCZ is home to 5,578 different species, with 88-92% of them never seen before. Ecologists and biologists are exploring the CCZ to understand what may be at risk once mining begins. The National Oceanic and Atmospheric Administration has warned that deep-sea mining for polymetallic nodules in the area could be damaging.

via CBS News|

#biodiversity #deep-sea-mining #environment