Articles for tag: 560bn, deep, extraction, land, mining, report, risks, sea

November 24, 2024

Ron Finklestien

mining

Exploring Deep Sea Mining’s Threat to $560 Billion in Terrestrial Resource Extractions — Study Findings

Deep-Sea Mining Insights: Financial Gains and Environmental Concerns The recent nomination of Elise Stefanik as the U.S. ambassador to the United Nations by President-elect Donald Trump has sparked renewed discussions around deep-sea mining. Stefanik advocates for securing crucial minerals, particularly those extracted from polymetallic nodules, which are potato-sized rocks found on the ocean floor. Located at depths between 4 to 6 km (2.5 to 4 miles), these nodules are plentiful in the Clarion Clipperton Zone (CCZ), where Canada’s The Metals Company (NASDAQ: TMC) holds two exploration contracts. Warning Signs from Environmental Groups The Planet Tracker report was released just as

April 19, 2024

Ron Finklestien

mining

Windfall for Land Reclamation: $124.8 Million Allocated to US States and Tribes

Renewed Commitment to Reclaiming Abandoned Mines The recent allocation of $124.8 million to states and tribes for land reclamation work marks a renewed commitment towards addressing the historical hazards posed by abandoned mines in the United States. The Bipartisan Infrastructure Law has not only reauthorized but extended the Abandoned Mine Land (AML) fee through September 30, 2034. Empowering Coal-Producing States and Tribes In fiscal year 2024, 24 coal-producing states and two tribal AML reclamation programs stand eligible to receive AML fee-based grants, determined by a congressionally mandated formula reflecting their coal production history. Despite a 5.7% sequestration cut, the total

January 30, 2024

Ron Finklestien

mining

Amendments to British Columbia’s Land Act Proposed Amendments to Land Act Could Empower Indigenous Communities in British Columbia

Without any media alert, McMillan, a Vancouver based law firm, issued a release emphasizing the potential significance of impending changes to land use decisions in British Columbia which could have far-reaching implications for the resource sector. The firm expressed in its release, “Make no mistake – the subject matter of the consultation is unprecedented and of profound importance to any company that requires authorization to use Crown land in BC.” “These include things like grazing leases, mining leases, licenses of occupation, and dock permits.” According to McMillan, historically, these decisions have been made by the Minister responsible for the Land

January 22, 2024

Ron Finklestien

mining

F3 expands PLN uranium project in land swap with CanAlaska

F3 Bolsters PLN Uranium Project in Land Swap with CanAlaska F3’s Strategic Expansion F3, a key player in the uranium exploration domain, has recently announced a significant expansion of its PLN uranium project through a land exchange agreement with CanAlaska. The move, which involves the incorporation of additional property claims, marks a strategic effort to fortify F3’s foothold in the high-grade uranium discovery area of its PLN property. This expansion is set to encompass the Broach Lake property within F3’s portfolio, positioning the company for heightened prospects in the uranium mining sector. Land Exchange Details The focal point of the