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The Russian government has told Industrial Minerals of its plans to help boost rare earth element (REE) production across Russia in upcoming years.

The government is initially setting aside USD350 million for direct and indirect support for the sector, said an official at the ministry of industry and trade.…

The volume of tungsten production in Russia will be significantly increased during the next several years, due the planned development of the Tyrnyauz field, Russia’s largest tungsten and molybdenum reserve, which is located in the Kabardino-Balkar Republic of the country, north of the border with Georgia.…

EU PROPOSES BOOSTING ANTICARTEL POWERS OF NATIONAL EUROPEAN COMPETITION AUTHORITIES

A DIRECTIVE has been proposed by the European Commission that would ensure that national competition authorities across the European Union (EU) have a minimum level of powers enabling them to enforce EU antitrust laws.…

With the value of Bitcoin skyrocketing over the past year, up from USD525 per Bitcoin last August to USD1,200 in mid-April, with one unit now being able to buy an ounce of gold, finding ways to efficiently regulate decentralised and independent virtual currencies (VCs) has become a top priority among governments and regulators worldwide.…

THE EUROPEAN wipes market is a complex affair. This is a varied segment, in itself, but wipe use varies between countries with contrasting consumer cultures – meaning that in some states, wipes sales are increasing; in others decreasing; and in others, the kinds of wipes being sold is changing.…

DESPITE significant progress in tightening anti-money laundering (AML) controls within Mexico, and significant progress in fighting the country’s notoriously violent drug traffickers, the fact is that the amount of dirty money laundered in the country remains eye-wateringly high. Despite headline grabbing events such as the arrest and extradition to the USA (in January) of key players like Joaquín ‘El Chapo’ Guzmán – leader of the Sinaloa cartel, underlying problems in Mexican AML policy remain, including budget cuts to AML-related law enforcement and concerns over a weakening of US-Mexico law enforcement cooperation following the election of President Donald Trump amidst anti-Mexican rhetoric.…

THE DIAMOND trade is still one of money launderers’ best friends due the precious stone’s high value to mass ratio, akin to the highest value banknotes that can be obtained. Indeed, it is maybe harder to trace diamonds than numbered banknotes, there is no reliable means by which the point of origin of a particular diamond can be ascertained just by examining it.…

Europe’s automakers have escaped a mandatory European Union (EU) due diligence requirement for using so-called conflict minerals sourced from parts of the world that suffer from armed and civil strife. There had been significant concern about the impact on the auto sector of a law designed to prevent money raised from sales of tin, tungsten, tantalum and gold – the so-called 3TG minerals – from entering the pockets of warlords and violent rebels.…

The European Commission and the Russian giant Gazprom have moved closer to striking a deal over the company’s competitive behavior in the European Union (EU). On Monday (March 13), the EU competition Commissioner Margrethe Vestager invited all interested parties to comment on Gazprom commitments to address concerns that the company is breaking EU anti-trust rules.…

THE MARKET for nonwovens for the automotive industry is forecast to continue to grow with China being the driving force, but clever producers will diversify their product lines to include filters, experts at a Nonwovens for High-performance Applications conference in Prague, have heard.…