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The Bank of Russia Resumes its Purchase of Gold Bullion
NATURAL RESOURCES News The Bank of Russia has announced its plans to start purchasing gold after two years of refraining from purchasing bullion. The announcement follows from the sanctions imposed on the Russian central bank and several...
Andrew Forrest of Squadron Energy Invests Heavily in Renewable Energy in Queensland, Australia
NATURAL RESOURCES News Andrew Forrest, Australian mining billionaire, stated on 26 February 2022 that he was investing USD $2.2 billion in renewable energy in central Queensland, Australia. His company Squadron Energy acquired the...
Europe Invests Heavily in African Green Hydrogen Projects
NATURAL RESOURCES News African countries captured 11% of the green hydrogen projects announced in 2021. Bridget van Dorsten, hydrogen and emerging technologies research analyst of consulting firm Wood Mackenzie stated that African...
Nippon Steel Turns to Brazil and Australia for Iron Ore, ArcelorMittal Reduces Operations in Russia
NATURAL RESOURCES News Due to the Russo-Ukrainian War, Japan’s Nippon Steel stated that it is currently looking at alternative sources of iron ore from Brazil and Australia to purchase. Russia and Ukraine currently supply some 14% of their...
Korea and Australia Sign a MoU for Increased Investment in Australian Mining
NATURAL RESOURCES News The Korea Mine Rehabilitation and Mineral Resource Corporation (KOMIR) and the Minerals Council of Australia (MCA) have signed a memorandum of understanding (MoU) regarding the increasing of exploration and...
MMG’s Las Bambas Copper Mine Faces New Round of Blockades
NATURAL RESOURCES News MMG Limited, listed on the Hong Kong Stock Exchange (1208:HK) announced on 07 February 2022 that it would have to stop production at its Las Bambas copper mine by the 20th of February as a result of an ongoing...