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Global Mining's Dangerous New Reality: Guns, Hostages, Arrests.

Authors :
Steinberg, Julie
Source :
Wall Street Journal - Online Edition. 1/6/2025, pN.PAG-N.PAG. 1p.
Publication Year :
2025

Abstract

The article discusses the increasing tensions and conflicts in the global mining industry, particularly in regions like Africa and Asia, as countries seek a larger share of profits from valuable metals and minerals. The story follows an Australian mining executive, Neil Warburton, who faced armed soldiers and a revoked exploration license in Ethiopia, highlighting the risks and challenges faced by mining companies in these regions. The article also mentions similar incidents in countries like Mali and the Democratic Republic of Congo, where international mining companies have faced arrests, disputes, and asset freezes. Miners are resorting to international arbitration to seek compensation for seized mines or licenses, as tensions between governments and mining companies escalate. [Extracted from the article]

Details

Language :
English
Database :
Academic Search Index
Journal :
Wall Street Journal - Online Edition
Publication Type :
News
Accession number :
182074699