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President Trump Approves $1.25 Billion for Pakistan's Reko Diq Mine

President Trump Approves $1.25 Billion for Pakistan's Reko Diq Mine

The Trump administration has approved $1.25 billion in financing through the US Export-Import Bank for the Reko Diq copper-gold mine in Balochistan, Pakistan. This project is expected to bring up to $2 billion in US mining equipment and services, creating approximately 6,000 jobs in the US and 7,500 jobs in Pakistan. The Reko Diq mine, featuring vast undeveloped deposits, is a joint venture between Barrick Gold Mining and the Pakistani government, with production slated to begin in 2028. This investment is part of a broader strategy to secure critical minerals and strengthen economic ties with Pakistan.
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Gov. Kotek Advocates for Streamlined Permitting to Boost Oregon Business

Gov. Kotek Advocates for Streamlined Permitting to Boost Oregon Business

Oregon Governor Tina Kotek has called for the support of the business community to streamline the state's permitting process and create more jobs. Speaking at the annual Oregon Leadership Summit, Kotek emphasized the need to reform permit systems, increase global trade, and provide corporate tax incentives as part of her 'prosperity roadmap.' This initiative aims to address the state's economic challenges, including high taxes and regulatory burdens perceived by business leaders. Kotek plans to introduce legislation in 2026 to fast-track permits for large projects and seek funding for industrial development. The summit, themed 'At a Crossroads,' highlighted Oregon's economic struggles, including rising unemployment and declining population growth.
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Hillsdale Secures $375K Grant for Industrial Drive Resurfacing Project

Hillsdale Secures $375K Grant for Industrial Drive Resurfacing Project

Hillsdale, Michigan, has received a $375,000 grant from the Michigan Department of Transportation to resurface Industrial Drive, a critical route for the city's manufacturing sector. State Senator Joseph Bellino praised the grant, highlighting its potential to attract new investments and jobs to the area. The project aims to enhance the Hillsdale Manufacturing and Technology Park, improving road safety for families and workers. However, additional funding is required to complete the project, and local landowners might be asked to contribute financially.
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Civil Society Coalition Opposes Ghana's Lithium Royalty Reduction, Citing National Interest Concerns

Civil Society Coalition Opposes Ghana's Lithium Royalty Reduction, Citing National Interest Concerns

The Coalition for Accountable Resource Governance (CARG-Ghana) has expressed strong opposition to the Ghanaian government's decision to reduce the royalty rate for the Ewoyaa lithium project from 10% to 5%. This decision, part of a renegotiated agreement with Barari DV Ghana Limited, a subsidiary of Atlantic Lithium, has been criticized for undermining national interests. CARG-Ghana argues that the reduction represents a significant setback in securing optimal value from Ghana's emerging green mineral sector. The coalition disputes the government's interpretation of the Minerals and Mining Amendment Act of 2015, which they claim allows for negotiation beyond the fixed rate. Traditional leaders and policy think tanks like IMANI Africa have also voiced concerns, urging Parliament to reject the deal and establish a minimum 10% rate for future contracts.
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President Trump Approves $1.25 Billion Financing for Reko Diq Mine in Pakistan

President Trump Approves $1.25 Billion Financing for Reko Diq Mine in Pakistan

The Trump administration has sanctioned $1.25 billion in financing through the U.S. Export-Import (EXIM) Bank for the development of the Reko Diq copper-gold mine in Balochistan, Pakistan. This initiative is part of a broader strategy to secure critical mineral resources. The financing is expected to facilitate the import of up to $2 billion worth of U.S. mining equipment and services necessary for the construction and operation of the mine. The project is anticipated to create approximately 6,000 jobs in the United States and 7,500 jobs in Balochistan. The Reko Diq mine, which contains significant undeveloped copper and gold deposits, is being developed in partnership with Barrick Gold Mining Company and the Pakistani federal and provincial governments. The first production from the mine is projected to commence in 2028.
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ADB approves $400 million loan to make it easier to do business in the Philippines

ADB approves $400 million loan to make it easier to do business in the Philippines

MANILA, Dec 10 (Reuters) - The Asian Development Bank has approved a $400 million policy-based loan to support the Philippines' efforts to make it easier for investors to do business in the country.
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Consultants Recommend BEAD 'Rainy Day Fund' for Broadband Expansion

Consultants Recommend BEAD 'Rainy Day Fund' for Broadband Expansion

Broadband consultants from the Vernonburg Group have proposed the creation of a 'rainy day fund' for the Broadband Equity, Access, and Deployment (BEAD) program. This fund would address potential cost overruns and ensure connectivity for unserved locations not covered in the initial funding round. The recommendation comes as most states have received approval for their BEAD proposals, with deployments set to begin in the new year. The consultants suggest setting aside $6 billion of the remaining BEAD funds to cover unforeseen events and support additional broadband infrastructure projects.
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GMIN Secures Mining Licence for Oko West Gold Project in Guyana

GMIN Secures Mining Licence for Oko West Gold Project in Guyana

G Mining Ventures (GMIN) has obtained a mining licence for its Oko West gold project in Region 7, Guyana. This marks the final regulatory milestone for the project's development. The licence, granted by the Guyana Geology and Mines Commission, allows GMIN to proceed with operation, development, and commercial gold production at the site. The licence is effective from December 5, 2025, and will remain valid for 20 years. This approval follows the final environmental permit received in September 2025 and the company's formal construction decision in October 2025.
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Eileen Higgins: From International Development to Miami's Mayoral Office

Eileen Higgins: From International Development to Miami's Mayoral Office

Eileen Higgins' career path is a testament to her versatility and commitment to public service. With a background in international development and ...
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Hillsdale Secures $375,000 Grant for Industrial Drive Resurfacing to Boost Local Economy

Hillsdale Secures $375,000 Grant for Industrial Drive Resurfacing to Boost Local Economy

Hillsdale has been awarded a $375,000 state grant to resurface Industrial Drive, a critical route for the city's manufacturing sector. This funding, secured from the Michigan Department of Transportation, was announced by State Senator Joseph Bellino. The grant aims to enhance the Hillsdale Manufacturing and Technology Park by improving road conditions, which are vital for attracting new investments and jobs. However, the project requires additional funding, and local landowners might be asked to contribute to cover the shortfall. The resurfacing of Industrial Drive is expected to not only support economic growth but also improve safety for families and workers commuting in the area.
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Governor Mbah Advocates for Overhaul of Manufacturing Financing Models in Nigeria

Governor Mbah Advocates for Overhaul of Manufacturing Financing Models in Nigeria

Governor Mbah Advocates for Overhaul of Manufacturing Financing Models in Nigeria
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EU and South Africa Forge Pact to Boost African Mineral Processing

EU and South Africa Forge Pact to Boost African Mineral Processing

The European Union and South Africa have entered into a significant agreement aimed at transforming the mineral supply chain dynamics between Europe and Africa. Announced in November 2025, the pact focuses on processing and adding value to African minerals within the continent, rather than exporting raw ore. This agreement is part of the EU's Global Gateway program, which commits €750 million in new investments for infrastructure, clean energy deployment, and industrialization projects in Africa. The initiative aims to ensure that exported materials leave Africa as refined metals or precursor components, enhancing local economic benefits. This shift is driven by the increasing global demand for critical minerals essential for electric vehicles, renewable energy, and digital technologies.