Blockchain to track Congo’s cobalt from mine to mobile
Blockchain for tracking cobalt from mines to uses
Blockchain for tracking cobalt from mines to uses
Under WA law, Aboriginal traditional owners have no legal right to stop mining, but they can negotiate land access compensation. A few confidential deals have been settled for multimillion-dollar sums — 0.5 per cent of production value — with protection for important sacred sites agreed to by big miners keen to avoid costly legal delays like the prolonged Yindjibarndi dispute. But according to a Fortescue spokesman, Andrew Forrest does not believe in big dollar “mining welfare”, saying it doesn’t help Aboriginal people, and this is why Fortescue is offering an annual compensation package of $10 million for the Solomon mine project. […] They say they will mine 60 million tonnes a year at first, rising to 100 million tonnes or more in future. That 60 million is worth around $10 billion at today’s prices and these are rising all the time.
http://www.theage.com.au/national/this-land-is-whose-land–20110405–1d30g.html
In the dusty red earth of Western Australia, robot trucks haul iron ore. The trucks themselves weigh about 500 tons when loaded — they are truly massive. They operate more or less on their own, navigating mining roads connecting the sprawling Pilbara iron mines with a guidance system provided by global positioning satellites, radars and lasers. It’s part of $13 billion mining operation by Rio Tinto, one of the world’s largest mining firms.