Report Reveals Extensive Deforestation Linked to Foreign-Backed Nickel Hub in Indonesia.

A non-governmental group has reported that mining operations at a nickel industrial park, primarily backed by Chinese companies, have led to extensive deforestation in Indonesia. The report from Climate Rights International (CRI) highlights ecological damage in the nickel industry, particularly at the Indonesia Weda Bay Industrial Park (IWIP), a major nickel processing hub with investors…

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metal-mining

Column: China’s massive stimulus talk does little for metals as confidence fades :

China’s massive stimulus talk has done little to boost metals as confidence in the global economy continues to fade. Despite the Chinese government’s announcement of a massive stimulus package, which includes infrastructure spending, tax cuts, and other measures, the market is not reacting positively. China’s stimulus package, which is estimated to be worth around $1.4…

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Manara Minerals fund in Saudi Arabia is set to establish a metals trading division.

Saudi Arabia’s Manara Minerals investment fund is considering the establishment of a metals trading division to support its ventures in overseas mining companies, according to the fund’s acting CEO, Robert Wilt. Manara Minerals, a joint venture between state-owned miner Ma’aden and the Public Investment Fund (PIF), was created as part of Saudi Arabia’s economic diversification…

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Sure bet Gold Discoveries Unveiled by Goliath

In 2023, Goliath’s drilling initiative broadened and enhanced the Sure bet and Bonanza Shear zones, uncovering a novel gold-silver zone that introduces the possibility of significant deeper discoveries. Last year, over 34,000 meters of drilling at Golddiggers substantially augmented the dimensions and quality of the Sure bet and Bonanza Shear zones, while introducing the newly…

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gold-mining

South African stocks climb as haven demand boosts gold miners :

South African stocks rose on Friday as demand for safe-haven investments increased amid rising worries about global economic growth. Gold mining companies and other gold-related stocks were the biggest beneficiaries as gold prices gained amid increased risk-off sentiment. Investment holding companies were also among the top gainers, with investors seeking refuge in these companies’ assets,…

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