North Korea's Flag

The $10 trillion mineral resources North Korea can’t tap

North Korea may not have proved petroleum reserves, but it’s estimated that the secluded belligerent nation sits on reserves of more than 200 minerals—including rare earth minerals—worth an estimated up to US$10 trillion. Of course, there are no official reports on how much North Korea’s mineral wealth really is, but according to rough estimates from earlier this…

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EU states at odds over steel tariffs against Russia, Brazil

European Union governments rejected the bloc’s proposed measures to levy punitive tariffs on hot-rolled steel from Brazil, Iran, Russia and Ukraine on Thursday, with some member states considering the measures too lax, others too tough. European steelmakers have accused the four countries of dumping the steel used in construction and machinery and the European Commission,…

El Cerrejón site. Photo by Cerrejón Colombia.

Colombian First Nations protest against coal mine

Wayuu leaders travelled to Colombia’s capital, Bogotá, to protest against El Cerrejón, the thermal coal open-pit mine owned by Glencore (LON:GLEN), BHP Billiton (LON:BLT) and Anglo American (LON:AAL) in the northern La Guajira department. The Indigenous activists rallied in front of the Justice Department and expressed their concerns over El Cerrejón’s expansion plans, which would…