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Chinese mining companies
Trends
- 1Nicaragua grants Chinese miners rights to a tenth of its territory●Gold-rich Nicaragua hands Chinese miners rights to a tenth of its land
Gold-rich Nicaragua has granted Chinese mining companies concessions covering roughly a tenth of its national territory, according to a Financial Times report. The arrangement highlights China's growing economic footprint in Central America since Managua switched diplomatic recognition from Taipei to Beijing in 2021. Critics are raising concerns over sovereignty, environmental impact and how much of the gold wealth will actually benefit Nicaraguans.
- 2Rio Tinto and Shougang trial carbon capture technology in China●Rio Tinto and Shougang Group are trialling carbon capture technology in China
Mining giant Rio Tinto and Chinese steelmaker Shougang Group are testing carbon capture technology in China. The trial aims to cut emissions from steelmaking, one of the world's most carbon-intensive industries. The two companies have previously collaborated on low-carbon steel projects, and the latest effort signals continued momentum toward decarbonising heavy industry supply chains.