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UN official says group moving on deep-sea mining regulations
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UN official says group moving on deep-sea mining regulations

A top U.N. regulator said Friday that mining of the world’s ocean floors should not move forward without rules in place, but that his agency cannot stop companies from trying to move ahead if countries can’t agree on a framework. Michael Lodge, secretary-general of the International Seabed Authority, told reporters at a news conference that...

Abu Dhabi’s new spinoff raises familiar questions
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Abu Dhabi’s new spinoff raises familiar questions

International Holding Company (IHC.AD) is making headlines again. Shares in the Abu Dhabi-listed group have risen nearly 900% since 2021, giving it a market value of $245 billion, but left outside observers scratching their heads. While last week’s formation of a new spinoff called 2PointZero might seem like a way to aid transparency, it’s actually more of the same. IHC’s many...

How the Kremlin is using Wagner to launder billions in African gold
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How the Kremlin is using Wagner to launder billions in African gold

Blood Gold Report: Key Findings The Kremlin has earned more than US$2.5 billion from trade in African gold since Vladimir Putin launched his full scale invasion of Ukraine in February 2022. In the Central African Republic (CAR), a Wagner front company has been awarded exclusive rights to the Ndassima mine, the country’s largest gold mine, in return...

Beyond Borders and Billionaires at COP28: Rethinking Elite Accountability for Climate Justice
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Beyond Borders and Billionaires at COP28: Rethinking Elite Accountability for Climate Justice

At least of 25% of the billionaires who participated as representatives at COP28 have amassed their wealth through sectors like petrochemicals, mining, and beef production. The collective net worth of the 34 billionaires that were present totaled approximately $495.5 billion. Introduction The global community is currently facing twin conundrums of the escalating climate crisis and...

Metal-mining pollution impacts 23 million people worldwide
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Metal-mining pollution impacts 23 million people worldwide

At least 23 million people around the world live on flood-plains contaminated by potentially harmful concentrations of toxic waste from metal-mining activity, according to a study. UK scientists mapped the world’s 22,609 active and 159,735 abandoned metal mines and calculated the extent of pollution from them. Chemicals can leach from mining operations into soil and...

Mining boom across the tropics degrading river systems
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Mining boom across the tropics degrading river systems

A recent study published in the journal Nature found that gold and mineral mining in and near rivers across the tropics is degrading waterways in 49 countries. The paper explains that river mining often involves intensive excavation, which results in deforestation and increased erosion. Much of the excavated material is released to rivers, disrupting aquatic life in ecosystems nearby and...

Wagner’s real money never came from diamonds and gold
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Wagner’s real money never came from diamonds and gold

Wagner’s businesses in Africa isolate and create dependent economies, not funding for private armies. The US Treasury Department on Tuesday sanctioned gold and diamond mining concerns connected to the Wagner group in Mali and the Central African Republic after Yevgeny Prigozhin, the mercenary group’s founder, attempted to stage a mutiny in Russia last weekend. The gold and diamond mining enterprises, as...