The bulk of it is mined in the Pilbara region, roughly 800 miles north of Perth.
This desolate expanse – home to more than 31 Aboriginal groups – is also host to a large network of mines all dedicated to digging up the riches lying underneath the arid red earth.
The dominance of the mining industry in this part of the world is clear for all to see in Perth’s elegant skyline, with the names of FTSE 100 mining titans Rio Tinto and BHP Billiton emblazoned at the top of the city’s two tallest skyscrapers.
Just down the road are the headquarters of Fortescue Metals Group, the world’s fourth largest iron ore producer behind Rio, BHP and Brazil’s Vale.
Photo: Sina Schuldt/picture alliance via Getty Images
German billionaire heiress, Susanne Klatten is the daughter of Herbert and Johanna Quandt, the former being a German industrialist who is known for saving luxury vehicles company, BMW from the point of bankruptcy. Thanks to BMW s recovery from a slump earlier in the pandemic, US$10.9 billion was added to Klatten s fortune. The company also reported nearly US$119 billion in revenues in 2020 while its stock price increased more than 93 per cent since Mid-March 2020.
The BMW heiress inherited a 12.50 per cent stake following her father s death which now totals to 19.2 per cent after her mother s passing in 2015. Besides her wealth from the German carmaker, she also inherited her late father s 50.1 per cent stake in pharmaceutical and chemicals manufacturer, Atlanta.
Australian miner strikes lithium in Germany
Australian miner strikes lithium in Germany
May 05, 2021
Massive reserve of lithium under Black Forest could power 400 million EVs
German-Australian mining start-up Vulcan Energy Resources is pushing to unlock enough lithium to power 400 million electric cars in Germany’s south-east.
Backed by Gina Rinehart’s company Hancock Prospecting, Vulcan Energy Resources is pushing to use geothermal energy to produce carbon-neutral lithium, pulled from deep beneath the Rhine River valley.
The company is targeting lithium from boiling spring water kilometres beneath the surface from an area 300km long and around 40km wide in the Black Forest, near the headquarters of both Porsche and Mercedes-Benz’s parent, Daimler.
In the north of
Australian mining company that wants to mine gold and copper in its mountains.
The residents are calling on the authorities to guarantee their human rights and to respect their decision against mining.
In northern Ecuador, in the Urcuquí district of
Imbabura province, the discovery of gold has caused a frenzy.
Thousands of prospectors have invaded the area
without any authorization.
They destroy the peaceful life of the inhabitants and, through the use of highly toxic mercury and cyanide, seriously damage agriculture and poison streams and rivers.
Now the greed for the shiny metal has apparently also seized politics, authorities and companies: gold and copper are supposed to be mined in a large-scale opencast mine – supposedly legally.