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New: Malaysia weighs Bitcoin ban over soaring electricity theft
The federal government is examining whether Bitcoin mining should be banned after years of large-scale electricity theft linked to the activity. Deputy Minister Akmal Nasrullah told Parliament that a new multi-agency committee will assess long-term measures as illegal mining has caused severe grid losses. More than 13,800 premises were found stealing electricity for cryptocurrency operations…
China’s Bitcoin Mining Ban is a Short-Term Blow, But Easily Recoverable According to Reuters, the National Development and Reform Commission (NDRC) of China has drafted a proposal that may ban Bitcoin mining.The NDRC is responsible for economic planning, which includes the administration of a list of industries for restriction or elimination.
WASHINGTON | Justices skeptical of argument to overturn Va. mining ban
WASHINGTON | Justices skeptical of argument to overturn Va. mining ban
WASHINGTON— The Supreme Court seemed reluctant Monday to agree with companies seeking to overturn a decades-old Virginia ban on mining radioactive uranium.
The justices heard arguments in a case brought by the owners of a massive uranium deposit in Virginia’s Pittsylvania County, which borders North Carolina. It’s the largest known uranium deposit in the United States, and its owners have said it…
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El Salvador - Bans Mining!
El Salvador – Bans Mining!
“Oxfam hailed today’s passing of a law banning metallic mining by the Salvadoran government. The law comes after years of violence and social tensions around mining in the country and strong opposition to mining from local communities, civil society organizations, the Catholic Church and more than 77% of the country’s population, according to a recent poll.”
Wait, what?
Did El Salvador just tell…
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Washington (CNN) -- The Obama administration on Monday announced a 20-year ban on new mining claims on more than 1 million acres of public land near the Grand Canyon, a move meant to protect the iconic landmark from new uranium mining. Previously approved operations will be allowed to continue, as will new projects on valid existing claims. "People from all over the country and around the world come to visit the Grand Canyon. Numerous American Indian tribes regard this magnificent icon as a sacred place and millions of people in the Colorado River Basin depend on the river for drinking water, irrigation, industrial and environmental use," said Interior Secretary Ken Salazar. Follow link for more details...
Environment
January 9, 2012, 3:33 PM
Interior Secretary Signs Grand Canyon Mining Ban
By JOHN M. BRODER Ken Salazar, the interior secretary, discussed the mining moratorium on Monday with a map of the Grand Canyon in the background at the National Geographic Society in Washington.
Interior Secretary Ken Salazar formally signed a 20-year moratorium on new uranium and other hard rock mining claims on a million acres of federal land around the Grand Canyon on Monday, saying it was a “serious and necessary step” to preserve the mile-deep canyon and the river that runs through it.
The move, which has been opposed by the mining industry and a majority of Republican politicians in Arizona, comes after more than two years of study. It reverses a decision by the George W. Bush administration to allow new leasing in the buffer zone around the canyon.
In remarks at the National Geographic Society, Mr. Salazar said that 25 million people in four states depended on the Colorado River watershed in and around the Grand Canyon for drinking and irrigation water. He said that more than four million people from around the world visit the area each year, contributing $3.5 billion to the economy. He said that jobs in tourism and outdoor recreation far outweigh the potential loss of employment from limiting mining in the region, a central argument of those who oppose the moratorium.