The defendants were also found guilty of fraud, money laundering and looting. It is unclear if they will remain in the eastern city of Bukavu, where they are held, or if they will be transferred elsewhere Three Chinese citizens were sentenced Tuesday to 7 years in prison and ordered to pay $600,000 in fines for illegally exploiting mineral resources in …
Nick Grimm: Mining exports could plunge by $100 billion over the next four years, with the federal government forecasting a major hit to the budget bottom line. The treasurer, Jim Chalmers, will deliver his budget update on Wednesday, and it will show a $100 billion downgrade in mining exports over the next four years. He talked about responsible budget management …
Under outgoing President Joko “Jokowi” Widodo, who took office 2014, Indonesia has pursued with single-minded focus the goal of positioning the country at the forefront of the world’s electric vehicle revolution. As David Uren of the Australian Strategic Policy Institute noted in February, “The surge in Indonesia’s exports of processed nickel and stainless steel has sent nickel prices plummeting from …
Small-scale miners are finding ways to navigate decreased demand and lower prices of the raw material they supply. “They are part of a long value chain where local artisanal miners only get less than 3 percent of the output value per tonne.” Bhoroma said “it is the best practice to have processed lithium exports instead of raw stone exports”, but …
MUMBAI: The money laundering investigation by the Enforcement Directorate into the alleged bitcoin mining fraud scheme via the HPZ token app — which allegedly involves misleading the public into investing in non-existent cryptocurrency mining machines — has revealed the role of 76 Chinese-controlled entities and 10 Chinese directors in the case. The agency’s investigation has revealed the alleged role of …
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