Mining

China Plays Both Sides in Sudan Conflict, Hoping to Swoop in with Investments Later

Voice of America News (VOA) reported on Tuesday that while the international community is nervously monitoring the brutal war between factions of the Sudanese junta and scrambling to deal with the ensuing humanitarian disaster, Communist China is moving full speed ahead with plans to “advance its own interests” in Sudan’s oil and mineral resources.

Xi Jinping

Report: China Destroying Myanmar with Rare Earth Mining for ‘Green’ Energy

Chinese-owned companies in Myanmar are allegedly responsible for illegal mining operations that are destroying the natural landscape of Myanmar’s border region with China, local miners of dysprosium and terbium — two heavy rare earth minerals used in clean energy products and smart electronics — told the organization Global Witness for a report published on Tuesday.

A depiction of a rare earth mining operation in Myanmar. (AP Illustration/Peter Hamlin)

Brazil Seeks $2.7 Billion Investment for Lithium Production

Brazil’s Ministry of Mines and Energy said on Thursday that it hopes to attract over $2.7 billion in foreign investments to develop its lithium industry by the end of this decade. Lithium is a vital component for batteries, including those employed by electric vehicles.

From left, electric cars from Nissan, Tesla, and Toyota are presented at a news conference

El Salvador to Build First ‘Bitcoin City’ at Base of Volcano

El Salvador’s government plans to build a “Bitcoin City” at the base of Conchagua Volcano in the country’s southeast in 2022, El Salvador’s La Prensa Gráfica newspaper reported Saturday, noting the city will be designed to harness the volcano’s geothermal energy to mine cryptocurrency.

Bitcoin is appproved