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All that Glitters is not gold

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Bre-X Minerals, a Canadian mining company claimed that it had discovered a huge deposit of gold, deep in the Indonesian jungle, which triggered a scramble to invest in the firm.  But question remains about the mysterious death of  Michael de Guzman, the company’s chief geologist, as on the morning of 19 March 1997 he boarded a helicopter flight to travel to a remote jungle site in Indonesia. This journey he has previously made many times, to a place where he had reported finding huge deposits of gold. But this time he never arrived. Twenty minutes into the journey, a rear door on … Continue reading All that Glitters is not gold

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India has applied for two deep-sea exploration licences

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India which has two deep-sea exploration licences in the Indian Ocean, has applied for two more amid increasing competition between major global powers to secure critical minerals including cobalt, nickel, copper and manganese that lie thousands of meters below the surface of oceans which could hold key to a cleaner future. These metals are used to produce renewable energy such as solar and wind power, electric vehicle batteries. The UN-affiliated International Seabed Authority (ISA) has issued 31 exploration licences so far, of which 30 are active. Its member countries are meeting in Jamaica this week to discuss regulations around giving … Continue reading India has applied for two deep-sea exploration licences