Mexico’s president calls for ban on open-pit mining
Mexican President Andrés Manuel López Obrador proposed to modify Article 27 to prohibit open-pit mining, as part of a range of constitutional reforms presented before parliament, citing concerns for excessive environmental damage. The proposal, announced early in February 2024, calls for bans on open-pit mining concessions and activities relating to the exploration, exploitation, benefit or use of minerals, metals or metalloids using the open-pit method. “It is clear that open-pit mining transgresses human rights by affecting the right to a healthy environment and good health. The most significant effects are ... (full story)
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The Federal Reserve Bank of New York’s Center for Microeconomic Data today released the January 2024 Survey of Consumer Expectations, which shows improvements in households’ ...
Gold prices have held above $2,000/oz, with the precious metal being supported by safe-haven demand amid geopolitical tensions. Ongoing geopolitical risk in Ukraine and the Middle ...
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It’s an enormous pleasure to be here at Loughborough University this evening. I can give you three reasons for this, it’s not just the polite thing to say at the beginning of a lecture. In order of importance, I am going to start with David Llewellyn. David is very modest, you have to search quite hard to find out that he has been Professor of Money and Banking here since 1978. To say the least, that is impressive. David has been a leader in the field throughout that time. He has had many students, and he has provided the Bank of England with many of our excellent staff. As well as a big thank you, David, I think we must start planning your 50th. The second reason for the pleasure this evening is to continue a tradition of Bank Governors giving lectures here at Loughborough. Robin Leigh-Pemberton did so in 1986, and Eddie George ten years later in 1996. The gap has been 28 years this time, but I can lay claim to a bit of continuity because in 1996 I was Eddie’s Private Secretary, and I had a bit of a hand in writing that lecture. The third reason for the pleasure is that I am a native of Leicestershire, Leicester itself to be precise. And, I have good memories of visiting Loughborough. One particular post: BOE GOV. BAILEY: I EXPECT BANKS TO HOLD LARGER RESERVES AT THE BOE THAN WAS THE CASE BEFORE THE FINANCIAL CRISIS. post: BOE GOV. BAILEY: BANKS SHOULD USE BOE LIQUIDITY MORE EXTENSIVELY.
Gold: chart Gold continues its attempts to settle below the strong support in the $2015 – $2025 range. In case gold settles below the $2015 level, it will head towards the next ...
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