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Keyword: mining

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  • North Korea may be sitting on a $6 trillion resources stockpile

    07/13/2018 12:06:44 PM PDT · by 2ndDivisionVet · 19 replies
    Business Insider ^ | July 13, 2018 | Sam Jacobs
    Recent negotiations between North Korea's Kim Jong Un and US President Donald Trump have provided a glimmer of hope for the hermit kingdom's economic outlook. Markets are now watching to see whether the North Korean leader follows through with his pledge to denuclearise. The next step will be policy reforms, which will open North Korea's economy to foreign investors. Credit Suisse analyst Trang Thuy Le estimates North Korea could become a $100 billion economy within 10 years if it takes a path towards modernisation. Even it happens, a $100 billion economy still comprises just 0.1% of today's global GDP....
  • Decision to haul Gold King Mine sludge raises questions ( Colorado )

    07/10/2018 4:50:10 AM PDT · by george76 · 25 replies
    Durango Herald ^ | July 10, 2018 | Jonathan Romeo
    Critics fear move will impact upper Animas River aquatic life. Could the Environmental Protection Agency’s plan to haul waste from the Gold King Mine to the banks of the upper Animas River put undue stress on a fishery already struggling to survive? ... Three months after the EPA triggered the Gold King Mine blowout in August 2015, the agency built a temporary water-treatment plant, in an area known as Gladstone, 10 miles north of Silverton within the Cement Creek watershed. But for the past year, the EPA has said room is running out at Gladstone to store the waste byproduct...
  • Uranium too: Did the Clintons finagle a twofer, including a land-grab?[opinion]

    03/01/2018 7:05:26 PM PST · by huldah1776 · 14 replies
    The Washington Examiner ^ | March 1, 2018 | William Perry Pendley
    Most sapient Americans—those who are skeptical of the mainstream media—know the outrageous but largely unreported story that Bill and Hillary Clinton, with the help of Obama officials and over congressional experts’ objections, allowed Russia to gain control of 20 percent of America’s uranium supplies. What is unknown is whether the Clintons sweetened the deal for their Russian friends by engineering closure of a million federal acres of the nation’s best source of uranium. The “evidence” of such mischief is purely circumstantial, but it is disconcerting. Here is what we know, thanks to the reporting of the estimable Andrew C. McCarthy,...
  • Is North Korea sitting on a pile of rare-earth minerals?

    07/03/2018 3:18:44 PM PDT · by 2ndDivisionVet · 28 replies
    Korea JoongAng Daily ^ | July 4, 2018
    The Korea Institute of Geoscience and Mineral Resources, a state-run research institute, held a symposium on June 14 where experts in geology and natural resources gathered to talk about how they could further their research on the natural resources in North Korea. The symposium took place amid growing interest from South Korea and abroad on the potential of the mineral deposits buried in the North. After the historic summit between South Korean President Moon Jae-in and North Korean leader Kim Jong-un in April, high-ranking officials from the two Koreas met multiple times over the past few months to discuss how...
  • Pres. Trump to hold round-table, rally in Duluth

    06/20/2018 4:53:49 AM PDT · by euram · 11 replies
    KARE11 ^ | June 19, 2018 | KARE
    DULUTH, Minn. - President Trump will make his first visit to Minnesota since winning The Oval Office when he holds a rally in Duluth Wednesday night. The White House says President Trump will arrive in Duluth around 4:35 p.m. From there, President Trump will hold a round-table event with about a dozen elected officials as well as representatives from the mining and steel industry. The discussion is billed as "promoting and protecting American workers."
  • New asteroid gold rush ‘could earn everyone on Earth £75 billion’

    06/12/2018 10:14:02 AM PDT · by Red Badger · 59 replies
    metro.co.uk ^ | 11 Jun 2018 3:58 pm | Rob Waugh
    The world’s first trillionaire won’t come from cryptocurrency or some clever new app – he or she will become rich from asteroid mining. _____________________________________________________________________ That’s what bankers Goldman Sachs reckon, anyway – and several companies are now vying to be the first into space. NASA estimates that the total value of asteroids out there could be up to $700 quintillion – equivalent to £75 billion each for us here on Earth. Several companies are now buidling the machines which will take us there – including Deep Space Industries, which is building a steam-powered thruster for spacecraft, the Guardian reports. British...
  • OBAMA ADMINISTRATION’S GUINEA MINING DEAL HURTS AMERICAN BUSINESSES

    07/02/2012 12:02:52 PM PDT · by lowbridge · 12 replies
    human events ^ | july 2, 2012 | Robert Maginnis
    A secret business deal between the government of Guinea and a multinational firm with a U.S. partner aided by the Obama administration’s wrongheaded foreign policy could cost American businesses billions. Congress ought to investigate to protect American investors, expose any political shenanigans and prosecute the guilty. The London Sunday Times first cracked the story June 3 of the secret $25 million loan between an offshore company, Palladino Capital 2, and the cash-strapped West African country. The funds, according to the loan agreement, were to finance the start-up of Guinea’s state mining company, Heritage, but the cash allegedly disappeared and the...
  • Federal Suit Hits Soros for $10 Billion for ‘Political Meddling, Motivated Solely by Malice’

    05/27/2018 9:38:25 PM PDT · by ATOMIC_PUNK · 20 replies
    https://thedailybrexit.blogspot ^ | Posted by Editor at 02:29
    FOX News reports the 86-year-old financier and manager of a global network of nonprofits will be forced by BSG Resources’ lawsuit to answer for manipulating the politics and economics of Guinea for his own benefit Despite Soros’ often contentious dealings and reputation as a pompous busybody, the filing in New York Federal Court has thus far largely escaped the spotlight. Soros, who controls a web of international nonprofits in addition to his vast financial empire, used his sway with the government of Guinea to freeze Israeli company BSG Resources out of the West African nation’s lucrative iron ore mining contracts,...
  • Zinke moves to protect critical minerals from foreign threats.....

    Interior Secretary Ryan Zinke is listing 35 minerals used in aircraft, cellphones, and other important technologies as "vital" to national security in a move to wean the U.S. off foreign suppliers. The list includes such valuable metals as aluminum and titanium, as well as uranium, helium, lithium, platinum, potash, and strontium. The materials are used in aircraft and other aerospace technologies. Lithium is used in batteries to power a wide range of products from cellphones to electric cars. A final rule to be published Friday says the U.S. is "heavily reliant" on imports of the minerals. "This dependency of the...
  • Australian Coal Plant to be Reactivated to Mine Cryptocurrency

    04/13/2018 8:38:47 AM PDT · by ProtectOurFreedom · 20 replies
    Power Engineering Magazine ^ | April 11, 2018 | Editors of Power Engineering
    The Redbank Power Station in Australia was shut down in 2014, but it’s being reactivated for the sole purpose of providing power to cryptocurrency mining. Local power company Hunter Energy agreed to reactivate the plant for the Australian tech company IOT Group and sell it power at wholesale prices for blockchain applications, CNET reported. Cryptocurrency such as bitcoin uses blockchain to secure transactions and mine new coins. However, cryptocurrency mining uses huge amounts of power, with current estimates indicated it uses as much power as the entire country of Singapore.IOT plans to offer the power to other companies using blockchain...
  • Employee of liberal activist group charged with assaulting Zinke staffer

    03/20/2018 5:47:25 PM PDT · by yesthatjallen · 23 replies
    The Hill ^ | 03/20/18 | Julia Manchester
    An operative for American Bridge 21st Century (Founder DAVID BROCK), a pro-Democrat political action committee, has been charged with assaulting a staffer working for Interior Secretary Ryan Zinke, according to the Associated Press. Wilfred Stark was charged with simple assault after he allegedly approached Zinke, yelling at him, outside of a hearing. Stark then “used his full body to push” Zinke's spokeswoman, Heather Swift, as she moved to leave the room, according to the police report cited by the AP. “He is a big guy. He came up behind me fast, aggressive and very physical,” Swift said in a statement...
  • Let's Make America a Mineral Superpower

    02/13/2018 7:38:56 AM PST · by Kaslin · 12 replies
    Townhall.com ^ | February 13, 2018 | Stephen Moore
    Why is the United States reliant on China and Russia for strategic minerals when we have more of these valuable resources than both these nations combined? This has nothing to do with geological impediments. It is all politics. This is an underreported scandal that jeopardizes American security. As recently as 1990, the U.S. was No. 1 in the world in mining output. But according to the latest data from the U.S. Geological Survey, the U.S. is 100 percent import dependent for at least 20 critical and strategic minerals (not including each of the "rare earths"), and between 50 and 99...
  • Radical Environmentalists Wrong Again – Not a Single Company Wants To Mine In Bears Ears, Utah

    02/10/2018 9:37:41 AM PST · by rktman · 5 replies
    westernjournal.com ^ | 2/9/2018 | Tim Pearce
    No company has applied to mine within the former boundaries of the Bears Ears National Monument since President Donald Trump’s cut to national monuments went into effect, The Washington Examiner reported Thursday. Trump announced he was rolling back Utah’s Bears Ears by about 85 percent in December. The cuts went into effect last week, causing critics to claim mining companies would begin staking claims and applying for mining permits within the area.
  • Russian nuclear scientists arrested for 'Bitcoin mining plot'

    02/09/2018 10:35:33 AM PST · by C19fan · 7 replies
    BBC ^ | February 9, 2018 | Staff
    Russian security officers have arrested several scientists working at a top-secret Russian nuclear warhead facility for allegedly mining crypto-currencies. The suspects had tried to use one of Russia's most powerful supercomputers to mine Bitcoins, media reports say. The Federal Nuclear Centre in Sarov, western Russia, is a restricted area.
  • A modern land run? Trump move opens Utah to mining claims under 1872 law

    02/02/2018 5:48:25 AM PST · by mikelets456 · 11 replies
    Reuters ^ | 2/2/2018 | Reuters
    WASHINGTON (Reuters) - U.S. President Donald Trump’s decision to withdraw federal protections from millions of acres of Utah wilderness will reopen much of the iconic terrain to gold, silver, copper, and uranium land claims under a Wild West-era mining law, according to federal officials.Starting at 6 a.m. on Feb. 2 – the moment Trump’s proclamation reducing the size of the Bears Ears and Grand Staircase-Escalante National Monuments takes effect – private citizens and companies will be allowed to stake claims for hard rock mining in a process governed by the General Mining Law of 1872, according to the U.S. Bureau...
  • The Best Places In The World To Mine Bitcoin

    01/18/2018 9:01:52 AM PST · by bananaman22 · 14 replies
    Oilprice.com ^ | 18-01-2017 | Charles
    Deep in China’s Sichuan mountains, miners are chipping away at complex mathematical puzzles in hopes of unlocking one of today’s most prized assets, bitcoin. Currently, more than 60 percent of all bitcoin is mined in China, and these miners have picked their location wisely. The remote Sichuan mountains enjoy a cool year-round temperature and cheap electricity provided by small-scale hydro-electric facilities, averaging from $0.05 to $0.08-cents per kWh. Recent rumors, however, suggest that this could all come crashing down. First reported on Reuters, the People’s Bank of China outlined a plan behind closed doors aiming to curb the high energy...
  • Soros Sued by Fellow Billionaire in $10 Billion Mine Brawl

    04/15/2017 9:04:35 AM PDT · by libstripper · 13 replies
    Bloomberg, L.P ^ | April 14, 2017 | Franz Wild
    Companies controlled by Israeli mining magnate Beny Steinmetz sued fellow billionaire George Soros, claiming he cost them at least $10 billion through a defamation campaign that stripped them of rights to an iron ore deposit in Guinea and other business opportunities around the world. Soros funded law firms, transparency groups, investigators and government officials in Guinea in a coordinated effort to ensure BSG Resources Ltd. lost the rights to the Simandou deposit in April 2014, BSGR said in a complaint filed Friday in Manhattan federal court.
  • Crowds acclaim coup chief as new leader in Guinea[shouts of "Obama junior"]

    12/24/2008 12:12:41 PM PST · by BGHater · 4 replies · 440+ views
    Reuters ^ | 24 Dec 2008 | Saliou Samb
    Thousands of Guineans on Wednesday cheered a young army captain chosen as de facto head of state by the military junta that took over the West African country in a coup after the death of President Lansana Conte. The installation of Capt. Moussa Dadis Camara as leader of the world's top bauxite exporter went ahead despite international condemnation and statements opposing the coup from civilian leaders and the top military commander. The coup leaders, calling themselves the National Council for Democracy and Development (CNDD), appeared unopposed in their control of the Guinean capital Conakry two days after Conte's death from...
  • U.S. Tells Ankara Iran-Sanctions-Case Suspect In 'Good Health'

    11/16/2017 7:31:16 AM PST · by Texas Fossil · 1 replies
    Radio Free Europe/Radio Liberty ^ | November 16, 2017 12:56 GMT | None stated
    Turkish Deputy Prime Minister Bekir Bozdag says Washington has told Ankara that jailed Turkish-Iranian businessman Reza Zarrab -- a gold trader who is awaiting trial in the United States on charges of evading U.S. sanctions against Iran -- is in good medical condition. Bozdag made the remarks on November 16, a day after Turkey announced it had sent a diplomatic note to U.S. authorities inquiring about Zarrab. The U.S. Federal Bureau of Prisons website last week listed Zarrab, 34, as having been released from prison on November 8. But U.S. prosecutors said that posting was an error and he remained...
  • Feds Keep Proposed Minnesota Copper Mine Plan Alive

    12/22/2017 8:55:46 PM PST · by ButThreeLeftsDo · 15 replies
    KSTP.com ^ | 112/22/17 | AP
    The Trump administration has resurrected an effort to build the proposed Twin Metals copper-nickel mine in northeastern Minnesota. Last December, the Obama administration declined to renew the long-standing leases that the company needs for the underground mine it wants to build near Ely. But an in opinion published Friday, a top attorney at the U.S. Interior Department concluded the Bureau of Land Management erred last year when it concluded that BLM had the power to grant or deny the lease renewals. Minnesota Public Radio News reports the reversal means the BLM and the U.S. Forest Service must reconsider Twin Metals'...