DIRS.INFO The most relevant business & tech news

☆ Russia has 'clearly lost its control' over the Black Sea with its navy moving to safer ports, expert says
▼ + stars: | 2023-10-09 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +6 min

Russia's move of its Black Sea Fleet to safer waters signals its waning power there, experts told Insider. AdvertisementAdvertisementRussia's withdrawal of ships from a key Crimean base to safer ports shows it has "clearly lost its control" over the Black Sea in naval and geopolitical terms, a top naval expert told Insider. Pointing to those attacks, James Heappey, a UK defense minister, said during a defense event in Warsaw last Tuesday that the move signaled the "functional defeat" of the Black Sea Fleet. As of Sunday, multiple ships carrying grain, sunflower oil, and metals had sailed out of Ukraine's ports in the northwestern Black Sea, The Guardian reported. AdvertisementAdvertisementHardline pro-Kremlin Telegram account Rybar wrote on Friday that it's "difficult to accept" that "the Black Sea Fleet cannot fully ensure its security now."

Persons: —, Basil Germond, Germond, James Heappey, Heappey, Armed Forces @JSHeappey Organizations: Fleet, Service, Lancaster University, Montreux Convention, UK's Ministry of Defence, Black, Armed Forces, Warsaw Security, — Ministry of Defence Locations: Sevastopol, Russia, Ukraine, Turkish, Novorossiysk, Crimea, Warsaw, Ukrainian

☆ Aboriginal elders suspend Rio Tinto site survey over heritage concerns
▼ + stars: | 2023-10-09 | by ( Melanie Burton | ) www.reuters.com time to read: +3 min

A combination image shows the Nammuldi rock shelter before (L) and after a mine blast by Rio Tinto in the Pilbara region of Western Australia, August 6, 2023. "Assessments found no structural damage to the rock shelter itself, and no damage to cultural materials," Cecile Thaxter, a Rio Tinto vice president, said in a webcast on Monday. A Rio Tinto spokesman did not immediately respond to a request for comment. The dispute comes as investors and automakers are increasingly scrutinising human rights and heritage protection in their assessments of Australian mines. However, Western Australia is set to overturn its 2021 Aboriginal cultural heritage protection laws, introduced on July 1, due to opposition from landowners.

Persons: Cecile Thaxter, Muntulgura, Dawn Hughes, Rio, Hughes, Melanie Burton, Sonali Paul Organizations: Rio Tinto, REUTERS, Rights, Aboriginal Corporation, Reuters, Tinto, Thomson Locations: Rio, Pilbara, Western Australia, Rio Tinto

☆ Codelco says reassessing mine costs, will maintain capex
▼ + stars: | 2023-10-06 | by ( Pratima Desai | Julian Luk | ) www.reuters.com time to read: +2 min

LONDON (Reuters) - Chile’s Codelco, the world’s largest copper producer, is reassessing the cost structure at its mine projects, its chairman said on Friday, given recent overruns. FILE PHOTO: The logo of Codelco, the world's largest copper producer, is seen at their headquarters in downtown Santiago, Chile March 29, 2018. The company, which has some of the highest input costs for miners in Chile, said in July direct production costs during the first six months of the year jumped 41.3% to hit about $2.12 per pound, from $1.506 the year before. In response, Codelco said it had a solid financial position and broad access to financial markets. The South American country has the world’s largest lithium reserves.

Persons: Codelco, Ivan Alvarado, Maximo Pacheco, Pacheco, ” Pacheco, Alejandro Rivera, Rivera’s, Rodrigues, Blaine J, Maximo Pacheco’s Organizations: REUTERS, Reuters, London Metal Exchange, for Copper, Mining Studies, Moody’s Investor Services Locations: Santiago, Chile, London, China

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/world/ukraines-liberated-areas-struggle-as-land-mines-worker-shortages-hamper-recovery-d24fc907

Persons: Dow Jones

☆ Global miner BHP to focus on cost cuts, patient on M&A
▼ + stars: | 2023-10-05 | by ( Melanie Burton | ) www.reuters.com time to read: +3 min

MELBOURNE (Reuters) -Global miner BHP Group is focused on cutting costs to drive growth while being patient on buying assets, its chief development officer Johan van Jaarsveld said on Thursday in Melbourne. A view of a new nickel sulphate plant that global miner BHP Group is building to service the battery industry at its Nickel West operations, south of Perth, Australia August 2, 2019. REUTERS/Melanie Burton/File photo“This is a cyclical industry, and you sometimes are going to have to wait for 10 years or may be more to get the right opportunity at the right price,” van Jaarsveld said. “BHP’s Oz Minerals Brazil is not on the market,” van Jaarsveld said. We are looking at what we have got,” adding “you don’t want to sell assets, potentially and then somebody else make a big discovery.”

Persons: Johan van Jaarsveld, Melanie Burton, ” van Jaarsveld, Van Jaarsveld, ”, you’ve, you’re, “ Organizations: MELBOURNE, Global, BHP, REUTERS, Teck Resources, Oz Minerals Locations: Melbourne, Perth, Australia, Tanzanian, Indonesia, Teck, Queensland, Brazil, Oz, Oz Minerals Brazil

☆ Turkish cargo ship hits mine in Black Sea, sustains minor damage
▼ + stars: | 2023-10-05 | by ( ) www.reuters.com time to read: +2 min

LONDON, Oct 5 (Reuters) - A Turkish-flagged general cargo ship hit a mine on Thursday in the Black Sea off the coast of Romania and sustained minor damage but the crew was safe, maritime and security sources said. The vessel dropped anchor for a short period to assess the damage," Ambrey said in a note. The Black Sea area has been listed as a high risk zone by insurers and floating mines remain a peril. Since then, Ukraine has set up a temporary "humanitarian corridor" for cargo vessels, and several ships have left Ukrainian Black Sea ports since August. Russia may use sea mines to target civilian shipping in the Black Sea, including by laying them on the approach to Ukrainian ports, the British government said on Wednesday citing intelligence.

Persons: Ambrey, Yoruk Isik, Kafkametler, Jonathan Saul, Pavel Poltityuk, Sandra Maler Organizations: Bosphorus Observer, Reuters, Kafkametler, Thomson Locations: Romania, British, Sulina, Istanbul, Vylkove, Russia, Ukraine, Ukrainian, Russian, London, Kyiv

☆ Ukraine war live updates: Russia could use sea mines to target civilian ships in the Black Sea, declassified intelligence warns
▼ + stars: | 2023-10-05 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

Servicemen aboard the Romanian Navy King Ferdinand frigate observe smoke from a ship in a training drill in the Black Sea, near Constanta, Romania. Russia could use sea mines to target civilian ships in the Black Sea, the U.K. warned late Wednesday. The U.K. said newly declassified intelligence shows Russia may continue to target civilian shipping in the Black Sea, including by laying sea mines in the approach to Ukrainian ports. The U.K. previously warned that the Russian military had attempted a missile strike against a cargo ship in the Black Sea. "The U.K. assesses that Russia would lay blame on Ukraine for any attacks," the FCDO said in a press statement.

Persons: Romanian Navy King Ferdinand Organizations: Romanian Navy, Initiative Locations: Constanta, Romania, Russia, Ukrainian, Ukraine

The village and other parts of the region were seized by Russia early in the war and recaptured by Ukraine in September 2022. The village is only 30 kilometers (19 miles) west of Kupiansk, a key focus of the Russian military effort. Ukraine’s air force said that the country’s air defenses intercepted 24 out of 29 Iranian-made drones that Russia launched at the Odesa, Mykolaiv and Kirovohrad regions. Roman Starovoit said that Ukrainian drones attacked infrastructure facilities in several areas, resulting in power cuts. He also said that Ukrainian forces fired artillery at the border town of Rylsk, wounding a resident and damaging several houses.

Persons: Volodymyr Zelenskyy, Zelenskyy, Ihor Klymenko, Andrii Yermak, Oleh, ”, Biden, Russia ”, Andriy Raykovych, Oleksandr Prokudin, Roman Starovoit, Dasha Litvinova Organizations: Internal, Kharkiv Gov, Emergency, West, Political Community, Foreign, U.S . Congress, Gov, ___ Associated Press Locations: KYIV, Ukraine, Russian, Kyiv, Spain, Hroza, Kharkiv, Russia, Kupiansk, Granada, “ Russia, United States, Washington, Europe, Moscow, Mykolaiv, Kirovohrad, Kherson, Krasnohorivka, Donetsk, Beryslav, Russia's Kursk, Rylsk, ___, Tallinn, Estonia

☆ Ukraine is getting better at using NATO tanks and armored vehicles in its counteroffensive, CNN reports
▼ + stars: | 2023-10-04 | by ( Tom Porter | ) www.businessinsider.com time to read: +2 min

Ukraine is getting better at using Western tanks, CNN reported. AdvertisementAdvertisementUkraine is improving its ability at using sophisticated tanks provided by its Western allies in its counteroffensive against Russia, CNN reported. He reported that it was deploying assets like its German-made Leopard tanks for rapid assaults on Russian positions but not across densely packed minefields. The German Leopard tanks have better armor, engines, and navigation systems than the Soviet-era tanks used by Ukraine and Russia, and it was hoped they enable Ukraine to punch through Russian defenses. Instead of seeking a quick breakthrough in large attacks using tanks, Ukraine reverted to using small groups of infantry backed up by artillery.

Persons: —, CNN's Frederik Pleitgen, Pleitgen, Ukraine's Organizations: CNN, Service, RAND Locations: Ukraine, Ukrainian, Russia, Germany, Soviet

PwC’s annual report on the South African mining industry said global drops in some commodity prices following the COVID-19 pandemic contributed to the reduced profits. But so did South Africa’s local challenges of currency fluctuations, high inflation, power blackouts and logistical problems in exporting minerals because of deteriorating road, rail and port infrastructure. South Africa has an opportunity to benefit from that demand, which also would need millions of dollars in investment, the report said. “This presents several opportunities for South Africa which could reshape industries, diversify the economy and drive future prosperity." The output from South Africa’s 130-year-old gold mining industry has been slumping for more than 20 years.

Persons: Andries Rossouw, PwC, Rossouw Organizations: McKinsey & Company, ” Mining, South African Revenue Service, AP Locations: CAPE, South Africa, Ghana, South America, Africa, African, africa

☆ Mining Old Sites Can be a Shortcut to More Copper for the Energy Transition
▼ + stars: | 2023-10-03 | by ( Yusuf Khan | Mari Novik | ) www.wsj.com time to read: +8 min

In the U.S. and beyond, some are jumping ahead by targeting a new but also old source—closed mines, also known as brownfield sites. In the mountains of northern Norway, Bluelake is seeking to reopen the Joma mine that closed 25 years ago because of low copper prices. “Røyrvik has a valued tradition of mining in the old times,” said Hans Oskar Devik, the leader of the local government. Despite the challenges, brownfield mining is also being seen as a way to help ensure mineral security in the U.S., especially in areas such as defense and energy. Preview SubscribeWhen MP bought its brownfield site in 2017, it had a mining permit but was in a state of disrepair, with the pit itself flooded.

Persons: Arne Hanssen, Bluelake, Bluelake Mineral’s, Arne Hanssen Bluelake’s, Peter Hjorth, ” Hjorth, Joma, “ Røyrvik, ”, Hans Oskar Devik, Maahke Joma, Joma —, Snorre, NRK Joma, wasn’t, James Litinsky, Litinsky, ” Litinsky, Jeremy Richardson, Richardson, Yusuf Khan Organizations: P Global Market Intelligence, Perpetua Resources, Materials, California -, Municipal, Bluelake, NRK, Resources, Defense Department, McKinsey Lyon, Business, Rocky Mountain Institute Locations: Røyrvik, Trøndelag county, Norway, U.S, Sweden, Perpetua, Idaho, Arizona, California, California - Nevada, Germany, Italy, Boise, United States, China

☆ Zimbabwe: At least 10 dead in gold mine collapse as rescue efforts continue
▼ + stars: | 2023-10-03 | by ( Nimi Princewill | ) edition.cnn.com time to read: +1 min

CNN —Rescue teams in Zimbabwe are continuing the search for survivors, three days after a disused gold mine in the country’s Chegutu district collapsed, killing at least 10 illegal miners. The mine, which is located in Zimbabwe’s Mashonaland West province, sits 62 miles west of the Zimbabwean capital, Harare. Artisanal mining is common in Zimbabwe, which is rich in vast deposits of gold and diamonds. Accidents at illegal mining sites are also common in the southern African country. In 2019, the bodies of about two dozen illegal gold miners were pulled out from a flooded mine in a rural settlement in the Mashonaland West province.

Persons: Marian Chombo, Constantino Chiwenga, Chiwenga, ” Chombo, Chombo, Stringer Organizations: CNN — Rescue, AP Locations: Zimbabwe, Chegutu, Zimbabwe’s Mashonaland West province, Harare, Mashonaland West province

☆ Russia is highly likely using an amphibious plane from the 1960s to hunt for a new threat to its Black Sea Fleet, Western intel says
▼ + stars: | 2023-10-02 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

Ukraine has battered Russia's Black Sea Fleet with cruise missile strikes and sea drone attacks. To deal with the new sea drone threat, Russia is increasing its maritime air patrol operations. AdvertisementAdvertisementRussia is highly likely relying on a decades-old amphibious plane to seek out a dangerous Ukrainian threat to its Black Sea Fleet, according to Western intelligence. This includes cruise missile strikes on a key shipyard and the fleet's headquarters and attacks with uncrewed surface vessels (USVs) — or sea drones — on Russian ships. It remains to be seen if the Be-12 makes a difference in curbing the threat of Ukraine's sea drones.

Persons: —, Michal Fludra, sonobuoys Organizations: Fleet, Service, Kyiv, Black, Sig, Naval Aviation, Aviation, Getty, Kacha Air Base Locations: Ukraine, Russia, Crimean, Kyiv, Novorossiysk, Russian, Kerch, Moscow, Crimea, Kaliningrad, Soviet, Sevastopol, Black

☆ Video appears to show a Russian tank hitting a mine and running out of control before sinking into water
▼ + stars: | 2023-10-01 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +2 min

A new video appears to show a Russian tank hitting a mine, catching on fire, and sinking into water. AdvertisementAdvertisementA new video shared on Telegram appears to show a Russian tank hit a mine, catch fire, and crash into a body of water. Insider reporter Alia Shoaib previously wrote that US-supplied remote anti-armor mines fired in shells were being used to destroy Russian tanks. The incident reportedly occurred during battles to liberate the settlement of Novoprokopivka.In the video, a Russian tank is seen driving over a mine. On September 27, Euronews reported that a Kremlin-affiliated military blogger had claimed that Ukrainian forces had reached the northern outskirts of Novoprokopivka.

Persons: —, Alia Shoaib, Oleksandr Tarnavskyi, Euronews Organizations: Service, Fighters, Armed Forces, Euromaidan Press, Institute, Group of Forces, Kremlin Locations: Russian, Ukraine, Zaporizhzhia, Zaporizhzhia Oblast, Robotyne, Novoprokopivka, Verbove, Russia, Zaporizhia

☆ Ukraine's counteroffensive raises doubts about whether the US and Western militaries are training their troops for the right kind of war
▼ + stars: | 2023-09-30 | by ( Michael Peck | ) www.businessinsider.com time to read: +9 min

Some Ukrainian troops said the training didn't reflect the kind of fighting they faced against Russian forces. That has raised doubts about whether Western militaries are training themselves for the right kinds of operations. AdvertisementAdvertisementThe slow progress of the counteroffensive Ukraine launched in early June led to criticism that Ukrainian troops were failing to apply properly the training they received from Western militaries. But what if the problem isn't with the Ukrainians but rather with Western tactics? Ukraine eventually junked those Western tactics in favor a playbook from the Western Front circa 1917.

Persons: —, HENRY NICHOLLS, Klaus, Dietmar Gabbert, insurgencies, openDemocracy, hasn't, Scott Peterson, it's, Michael Peck Organizations: Western, Russian, Service, NATO, Royal Marine, Ukrainian Army, Getty, Bradley, Getty Images, New York Times, Pentagon, US Air Force, Ukrainian Territorial Defense, Defense, Foreign Policy, Twitter, LinkedIn Locations: Ukraine, England, Britain, Germany, Russia, China, Ukrainian, Iraq, Afghanistan, Zaporizhzhia Region, Forbes

Zaporizhzhia, southern Ukraine CNN —A group of Ukrainian soldiers moves swiftly through a front-line training ground, overcoming obstacles and firing at distant targets. They are fine-tuning their battle skills here as Ukraine’s counteroffensive against Russian forces rages just few miles to the south. “When we had contact (with the Russian forces), I had to move away from the trail,” Danilo said. Vlad, a combat medic, says many of those injured by mines in recent months have been sappers working to clear territory so Ukrainian forces can advance. ‘Victory or death’Following his recuperation in Mexico, Danilo is back in the battle, supporting Ukrainian forces as they advance in the south.

Persons: Ukraine CNN —, Danilo, “ I’m, ” Danilo, Volodymyr Zelensky, Vasco Cotovio, “, ”, Vlad, won’t Organizations: Ukraine CNN, CNN, Vasco, Geneva Convention, Russian Ministry of Defense, ” Kyiv, ‘, Ukraine’s Locations: Ukraine, Russia’s, Florida, Zaporizhzhia, Russian, Mexico, Ukrainian, Geneva

☆ Ukraine's relentless targeting of the Black Sea Fleet has disrupted Russia's efforts to block a key export
▼ + stars: | 2023-09-29 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

Ukraine has increased its attacks on Russia's Black Sea fleet in recent weeks. AdvertisementAdvertisementA recent spate of destructive Ukrainian attacks on Russia's Black Sea Fleet may have as much to do with Ukraine's economic prospects as its military tactics. AdvertisementAdvertisementUkraine's economic interest in the Black Sea is an added layer to the warfare already ongoing in the region. Ukraine has long had reason to target Russia's Black Sea Fleet, which plays a key role in launching long-distance missile strikes. Ukraine recently launched missile strikes on the Black Sea Fleet's headquarters in the city of Sevastopol.

Persons: —, Simon Miles, Miles, they've Organizations: Service, United Nations, Black, Duke University's Sanford School of Public, Soviet Union, UN, The New York Times, NATO, The Times, Ukrainian Locations: Ukraine, Russia, Crimean, Black, Soviet, Romania, Bulgaria, Turkey, Crimea, Sevastopol

☆ Western-made armor isn't working in Ukraine because it wasn't designed for a conflict of this intensity, Ukrainian analyst says
▼ + stars: | 2023-09-28 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +3 min

Western armor isn't cutting it in Ukraine, a military analyst told The Wall Street Journal. Taras Chmut said Western-made tanks are not designed for an "all-out" war of this intensity. Western allies should instead ramp up deliveries of simpler and cheaper systems, he said. AdvertisementAdvertisementWestern-made armor is failing in Ukraine because it was not designed to sustain a conflict of this intensity, a military analyst told The Wall Street Journal. According to a July report compiled by the Kiel Institute for the World Economy, Ukraine's allies have only delivered about half of the heavy weapons that have been promised.

Persons: Taras Chmut, —, Chmut, Christian Freuding, Zelenskyy, Christoph Trebesch, Rustem Umerov, Sergej Sumlenny Organizations: Wall Street Journal, Service, Foundation, Kiel Institute, Resilience Initiative Center Locations: Ukraine

☆ Exclusive: Kosovo's president blames Serbia for shootout, says Kosovo 'under attack'
▼ + stars: | 2023-09-28 | by ( Fatos Bytyci | ) www.reuters.com time to read: +4 min

"The (armed) group simply exercised the intentions and the motives of Serbia as a country and Vucic as the leader." Serbia, which has not recognized its former province's independence, blames Kosovo for precipitating violence by mistreating ethnic Serb residents, a charge Kosovo denies. "What I would say to President Vucic is stop messing with Kosovo. [1/4]Kosovo President Vjosa Osmani talks to Reuters after a deadly shootout in the northern part of the country, in Pristina, Kosovo September 28, 2023. REUTERS/Laura Hasani Acquire Licensing RightsRussia seized and annexed Ukraine's Crimea region in 2014, and Kosovo authorities fear Serbia could carve away the northern part of Kosovo.

Persons: Vjosa Osmani, Aleksandar Vucic, Osmani, Vucic, Laura Hasani, We've, Albin Kurti, Fatos, Alexandra Hudson Organizations: Kosovar, Reuters, Kosovo, REUTERS, Rights, European Union, EU, Sunday, Yugoslav, Kosovo's, Alexandra Hudson Our, Thomson Locations: PRISTINA, Serbia, Kosovo, Banjska, Serbian, NATO, Crimea, Kosovo's, Belgrade, Pristina, Republic of Kosovo, Rights Russia, Ukraine's Crimea

☆ Tank battles of the kind the Abrams was built for are rare in Ukraine, where tanks aren't often killed in fights with enemy armor
▼ + stars: | 2023-09-28 | by ( Chris Panella | Ryan Pickrell | ) www.businessinsider.com time to read: +6 min

US-made M1A1 Abrams tanks have arrived in Ukraine, but the war may not give it the opportunity to do what it does best. AdvertisementAdvertisementUkrainian President Volodymyr Zelenskyy said Monday that Abrams tanks had arrived and were "preparing to reinforce our brigades." View of American M1A1 Abrams tanks as they cross the desert during the Gulf War, Iraq, 1991. U.S. Army M1A1 Abrams tank fires during NATO enhanced Forward Presence battle group military exercise Crystal Arrow 2021 in Adazi, Latvia March 26, 2021. AdvertisementAdvertisementBeyond enemy threats, Ukraine will still face a major challenge operating the Abrams on the battlefield — and that is keeping it there.

Persons: Abrams, —, Volodymyr Zelenskyy, Biden, Allan Tannenbaum, there's, hasn't, Moscow's, INTS KALNINS Organizations: Wall Street, Service, Royal United Services Institute, Army, New York Times, US Army, U.S . Army M1A1, NATO Locations: Ukraine, Soviet, Iraq, Russia, Ukrainian, Adazi, Latvia

☆ $1 bln metals SPAC deal backed by Glencore, automakers collapses
▼ + stars: | 2023-09-28 | by ( ) www.reuters.com time to read: +3 min

The logo of commodities trader Glencore is pictured in front of the company's headquarters in Baar, Switzerland, July 18, 2017. In June, global miner Glencore (GLEN.L), Chrysler parent Stellantis (STLAM.MI) and Volkswagen's (VOWG_p.DE) battery unit PowerCo agreed to back the deal through an equity investment. Weak economic data from the world's largest metals consumer China, which it has reported since August, affected the investors' appetite for the deal, a source, directly familiar with the situation, told Reuters. "The deal fell apart over price," said another source familiar with the situation, adding the price was higher than the buyers considered realistic after the nickel price declined. Reporting by Polina Devitt and Clara Denina; editing by Timothy Gardner and David GregorioOur Standards: The Thomson Reuters Trust Principles.

Persons: Arnd, ACG, Glencore, Appian, Sibanye, Polina Devitt, Clara Denina, Timothy Gardner, David Gregorio Our Organizations: REUTERS, Appian Capital, Chrysler, Reuters, South Africa's, Thomson Locations: Baar, Switzerland, London, Appian, China, Stillwater

Some 50,000 Serbs who live in north Kosovo, do not recognise Pristina institutions and see Belgrade as their capital. Vucic told Reuters that Belgrade condemned the killing of the policeman, adding Serbia "will launch proceedings before appropriate judicial bodies" and investigate suspects. Belgrade finances schools, public health system, and most of other institutions in parts of Kosovo where Serbs constitute a majority. Vucic accused Kosovo Prime Minister Albin Kurti of wanting to expel Serbs from Kosovo and of stalling a compromise solution needed for mending the ties between Belgrade and Pristina. "For us the position (in Kosovo) is clearly dreadful, but ... we have to be with our people, ... (and) try to preserve peace," Vucic said.

Persons: Aleksandar Vucic, Vucic, Veton Elshani, ”, Vjosa Osmani, Milan Radoicic, Albin Kurti, Kurti, Ivana Sekularac, Aleksandar Vasovic, Fatos Bytyci, Alison Williams Organizations: Reuters, BELGRADE, Kosovo police, Kosovo Albanian, Kosovo, Pristina, EU, NATO, Serbian, United Nations Security, of, Serbia, Thomson Locations: Reuters Belgrade, Serb, Serbia, Kosovo, Pristina, Belgrade, Serbian, Banjska, Albanian, Vucic, Russia, China, of Serb Municipalities

☆ Peru seeks mining investment revival with pledge to end 'chaos, disorder'
▼ + stars: | 2023-09-27 | by ( Marco Aquino | ) www.reuters.com time to read: +4 min

[1/2] Trucks remain stuck during a roadblock caused due to a demonstration by anti-government protestors demanding the resignation of Peru's President Dina Boluarte, in Condoroma in Cusco region, Peru February 4, 2023. REUTERS/Pilar Olivares/File Photo Acquire Licensing RightsSummaryCompanies Peru mining investment expected to drop 18% this yearMiners push to use contractorsGovernment aims to streamline environmental permittingLIMA, Sept 27 (Reuters) - Peru is looking to put the "chaos" of months-long protests earlier this year behind it to revitalize flagging mining investment in the world's no. As a mining conference in the southern Andean region of Arequipa got started this week, Prime Minister Alberto Otarola addressed concerns about political instability and protests that have led to an expected 18% drop in mining investment this year. The last major investment in Peru was Anglo American (AAL.L)'s $5 billion Quellaveco project, which came online last year and has helped buffer production figures. Reuters GraphicsReporting by Marco Aquino; Editing by Adam Jourdan and Sonali PaulOur Standards: The Thomson Reuters Trust Principles.

Persons: Dina Boluarte, Pilar Olivares, Alberto Otarola, Otarola, Raúl Jacob, Pedro Castillo, Boluarte, Mines Oscar Vera, Victor Gobitz, Gobitz, Marco Aquino, Adam Jourdan, Sonali Paul Organizations: REUTERS, Companies, Miners, Reuters, Mining, Grupo Mexico's, Reuters Graphics, of Energy, Mines, BHP, Mitsubishi, Thomson Locations: Condoroma, Cusco region, Peru, Companies Peru, LIMA, Arequipa, American, Teck

☆ Copper is critical to energy transition. The world is falling way behind on producing enough
▼ + stars: | 2023-09-27 | by ( Bob Woods | ) www.cnbc.com time to read: +8 min

watch nowIn the meantime, copper customers, in anticipation of shortages, are either delaying clean energy projects or reducing their need for copper, an economic principle known as demand destruction. Among other actions, it would dismantle most of the clean energy projects initiated by the Biden Administration. At that point, the consensus was that there would be a major copper supply response. That's presented the industry with a whole new era of copper demand, Adkerson said. China's economy has slowed, while those in the U.S. and Europe are striving to transition to clean energy.

Persons: Wood Mackenzie, Nick Pickens, we've, we're, Tesla, eyeing, Rishi Sunak, Richard Adkerson, he's, Adkerson, That's, Clayton Walker, Matt Murphy, Murphy, Walker Organizations: Polska Miedz SA, Bloomberg, Getty, EV, P, International Energy Agency, Heritage Foundation, Republican, Biden Administration, Phoenix, Resources, Freeport, Afp, Rio, Barclays, Rio Tinto, Caterpillar Locations: Glogow, Poland, Wood, EVs, McMoRan, Freeport, China, U.S, Europe, Papua, Freeport's Indonesia, Rio Tinto, Mongolia, Salt Lake City , Utah, Indonesia, Rio

☆ Abrams tanks were 'built to kill' Russian armor, but Ukraine has its work cut out for it keeping them in the fight
▼ + stars: | 2023-09-27 | by ( Chris Panella | Ryan Pickrell | ) www.businessinsider.com time to read: +12 min

Ukraine has received a first batch of US-provided M1A1 Abrams tanks. It's heavy-duty, combat-proven armor that was built with a very specific mission in mind: killing Russian tanks. The promise to deliver American-made Abrams tanks to Ukraine followed plans from the UK, Germany, and other European partners to provide Ukraine with Challenger and Leopard tanks. AdvertisementAdvertisement"The Abrams was built, A1 and A2 alike, knowing we had to kill many more Russian tanks. AdvertisementAdvertisementUS M1A1 Abrams tanks needed for training the Armed Forces of Ukraine arrive by rail at Grafenwoehr, Germany, May 14, 2023.

Persons: Abrams, it's, —, Robert Greenway, Volodymyr Zelenskyy, Biden, M1A1 Abrams, Lance Cpl, Scott Jenkins, Joe Biden, M1A1s, Pat Ryder, Gian Gentile, RAND's, Gentile, Leo, Challenger, Allan Tannenbaum, Greenway, Charlie Company ,, Brendan Mullin, there's, It's, Tylon Chapman, Douglas R, Bush, we've Organizations: US Army, Service, Ukraine, Soviet, Hudson Institute, Army, New York Times, M1A1, Iraq's, Special Forces, Marine Corps M1A1, 2nd Tank Battalion, 2nd Marine Division, Marine Expeditionary Force, US Marine Corps, Kyiv, Pentagon, Challenger, Leopard, Leopards, RAND's Arroyo Center, US, Charlie, Charlie Company , 1st Tank Battalion, 1st Marine Division, United Arab Emirates, Armed Forces, US Air National Guard, Honeywell, Abrams, Acquisition, Logistics, Technology, M1 Abrams Locations: Ukraine, Soviet, Pohjankangas, Niinisalo, Finland, Scott Jenkins Ukraine, Germany, RAND's Arroyo, Russian, Iraq, Soviet Union, U.S, Kuwait, Grafenwoehr

Search resuls for: "Mines"

25 mentions found