Ecuador votes to ban oil extraction and mining at two locations
Following two referendums, oil and mineral extraction at the Yasuni nature reserve and the Choco Andino forest respectively will be ceased.
23 August 2023
23 August 2023
Following two referendums, oil and mineral extraction at the Yasuni nature reserve and the Choco Andino forest respectively will be ceased.
The bill will update the process of approval for Victoria’s mines.
The two projects are located near Nipigon, Ontario, and host lithium-caesium-tantalum (LCT) pegmatites.
With the closure of this transaction, UEC has expanded its portfolio to more than a million acres.
Underlying EBITDA stood at $27.95bn for the fiscal year through June, a 31% decrease from $40.63bn a year ago.
Industrial action at South32’s Appin mine was initially due to end on 25 August but has been extended to 1 September.
Dandoko was originally a flagship asset of Oklo Resources, which was acquired by B2Gold last September for A$91.3m ($58.49m).
The equipment will mainly include the underground mining fleet at the Kombat mine, where production will ramp up from next April.
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While ESG 1.0 was driven by voluntary corporate action, ESG 2.0 is being driven by a new wave of government policies. A host of new environmental laws are in the pipeline, relating to mandatory reporting, carbon pricing, and carbon import tariffs, as well as more state support and investment in clean energy technologies. Companies unprepared for ESG 2.0 face higher costs and lost sales.
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