Washington, March 25 (IANS) Top American lawmakers and experts have warned that the country’s heavy reliance on foreign critical minerals, especially those from China, poses a direct threat to national security, and called for urgent steps to build resilient domestic supply chains.At a House subcommittee hearing on Wednesday, Congressman Paul Gosar said the “very security of our nation relies heavily on a steady input” of minerals essential for defence systems, electronics and advanced techn…
Latest Mining Industry News & Updates
New Delhi, March 12 (IANS) While the Donald Trump administration has announced plans for funding mining projects in the resource-rich but restive Balochistan province of Pakistan, the US cannot ignore the fact that security will be a major issue if it has to go through with the investment in the strife-torn region.“The potential of minerals in Pakistan can be immense, yet mineral wealth does not drift. It needs roads, electric power, usury, environmental permits and above all some semblance of…
New Delhi, Feb 7 (IANS) The Donald Trump administration has unveiled ‘Project Vault,’ a $12 billion critical mineral reserve building exercise to challenge China’s dominance, which includes a $1.3 billion investment in Reko Diq mines in Balochistan.This is the only international project financed under the initiative, operated under the Export-Import Bank (EXIM).Reko Diq contains some of the world’s largest untapped copper and gold deposits. As per industry estimates, the site’s reserve…