🇳🇪 🇨🇦 🇷🇺 Niger: Government revokes Canadian GoviEx mining permit in uranium mine Madaouela

🔶️ GoviEx Uranium (TSXV: GXU) no longer has rights over the perimeter of the Madaouela mining permit following the Niger government’s decision on Thursday to withdraw its licence, dealing a big blow to the development of one of the world’s largest uranium projects.

🔶️ The Vancouver-based uranium miner had feared that its licence could be revoked if mining could not start by July 3, 2024, a deadline set by Niger’s military leaders who came into power around this time last year.

🔶️ In a press release, the company said that the licence withdrawal “does not follow the procedure prescribed under the applicable mining code” in Niger, and it reserves the right to challenge the decision before the competent national or international jurisdictions.

🔶️ According to the World Nuclear Association, Niger is a top 10 uranium producer in the world and the second-largest producer in Africa. The ruling government currently has a 20% stake in GoviEx’s Madaouela project, which contains one of the largest uranium resources globally.

🔶️ Since January, Niger has temporarily suspended the granting of new mining licences and also ordered an audit of the sector. Madaouela now represents the second high-profile uranium project that the self-appointed government has taken away.

https://www.mining.com/goviex-uranium-has-mining-licence-in-niger-revoked-shares-plummet/

Global Banking Standard Setter Approves Disclosure Framework for Crypto Exposures

The Basel Committee's framework, based on responses to a December 2022 discussion paper, must be implemented by 2026.

https://www.coindesk.com/policy/2024/07/03/global-banking-standard-setter-approves-disclosure-framework-for-crypto-exposures/

https://www.bis.org/press/p240703.htm

@FelipeChannel

Great timelapse of Stromboli in Sicily erupting the other day 🌋😍

Via: @eltempsTV3

Via #Volcaholic on 𝕏

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🇺🇸🇻🇪USA extends license that allows Venezuela to export liquefied petroleum gas

The Office of Foreign Assets Control of the United States Department of the Treasury (Ofac) issued the 40C license that allows Venezuela to continue the export and re-export of liquefied petroleum gas.

However, it prohibits transactions in kind between PDVSA and other companies that do not have authorization from the United States.

"Nothing in this general license exempts any person from compliance with the requirements of other federal agencies, including the Department of Industry and Trade Security Bureau," states the official OFAC text.

Release:
https://finanzasdigital.com/ofac-licencia-venezuela-petroleo-gas-licuado/

🇨🇳 🇵🇭 For the first time, China conducted drills within the Philippines EEZ & deployed the Shandong carrier group to nearby waters

🔶️ Premier surface combatants & amphibious warships also underway

🔶️ China’s massive 12,000-ton intimidator, China Coast Guard 5901 (nicknamed “The Monster”), has taken up station in the Philippines’ exclusive economic zone (EEZ) at Sabina Shoal.

🔶️ Prior to arriving on station at Sabina Shoal on 3 July, the Monster conducted an extensive & intrusive patrol along China’s “9-dash line” & within the Philippines’ EEZ.

📎 Ian Ellis