Wednesday, July 9

Tag: critical minerals

Diamond’s Are Dubai’s Best Friends
Corruption, Bribes, Illicit Finance & Money Laundering, Types of News: Analysis

Diamond’s Are Dubai’s Best Friends

As UAE Hosts Kimberely Process, Participants Push for Broader Definition of Conflict May 21, 2025— This year, the UAE shone as a top diamond trader as it hosted the annual Kimberley Process meeting in Dubai. As one of the world’s top traders in diamonds, the United Arab Emirates has an interest in the regulation of the trade to ensure it runs smoothly. Some stakeholders worry that interest will hinder efforts to strengthen protections. In the closing session, Ahmed Bin Sulayem, the UAE’s chair of the process, highlighted the country’s trade of over 1.06 billion carats in diamonds, an amount making the Dubai “the largest rough diamond hub in the world.” “We need the Kimberley Process to remain focused, so that all of us can continue to support trade growth, resilience and d...
Taliban Government Auctions Off Mining Rights
Diplomacy, Energy Policy, Oil & Gas, Types of News: Brief

Taliban Government Auctions Off Mining Rights

June 26, 2024—Nearly three years into reclaiming its rule over Afghanistan, the Taliban government is raising revenue auctioning mining rights to gems and critical minerals to the highest bidders. The Islamic Taliban government has struggled economically and diplomatically since it took control of the country in August 2021. But since the beginning, its leaders asserted they have their own sources of income. Notably, the land is rich in gold, gemstones, metals, oil and gas, and minerals. Mining Rights As Diplomacy The Financial Times examined 128 contract sites, finding that more than half are developed or expanded. The paper notes that auctioning of mineral and gem rights might help the government form relations with other governments and raise billions of dol...

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