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    Peru’s Minsur to invest at least $2 billion as it expands copper, tin operations

    Minsur is set to invest around $543 million in an underground project in Justa mine, which is owned by the firm and Chilean mining company Copec, Minsur corporate affairs executive Gonzalo Quijandria said in a phone interview with Reuters.Another $381 million will be invested to expand the processing plant and to improve the Justa mine camp, which began operations in 2021, Quijandria said.The mine produced 126,036 fine metric tons of copper last year and was the world’s seventh most productive copper mine, according to official data.Peru is the world’s No. 2 copper producer. Minsur also operates the only mine in Peru for tin, a relatively rare element, and produces about 9% of this metal globally, according to the company.Regarding such a production, Quijandria said Minsur plans to invest $462 million in its tin production line and another $100 million in tin exploration projects in the country.”They are sustaining investments that include new tailings dams in the San Rafael mine and improvements in the Pisco smelter,” he said.Minsur also plans to invest some $342 million in the modernization of its polymetallic producer Minera Raura.Earlier on Thursday, Peru’s ministry provided a different breakdown of figures from the company, and Reuters did not receive an immediate response to a query about the discrepancy.The announcement followed a meeting between Minsur CEO Juan Luis Kruger and Peru’s energy and mines minister, Oscar Vera.The Mina Justa Subterranea project will be the second largest and most modern underground mine in Peru,” the ministry said in a statement, adding that Minsur expects to present the first permits for the project in the first months of next year, with production expected to start in 2027. More

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    Giddy, a self-custody smart wallet, extends to Ethereum

    The aim is to enhance the wallet functionalities and accessibility across multiple networks, enhancing user experience.The Giddy smart wallet aims to provide its users with an easy retail experience, allowing them to access decentralized finance (defi) earning opportunities. The project initially launched on Polygon.In a press release shared exclusively with crypto.news, this expansion will set the course for future expansions into EVM-compatible laye-1 and layer-2 platforms. Specifically, the wallet provider aims to integrate Arbitrum, Base, BNB Chain, and many more, in the future. There are also solid plans to list Bitcoin.With this, users can buy multiple coins using fiat straight from the Giddy wallet. At the same time, they can swap tokens, buy items of supported brands from 150 countries, and send assets.Giddy wallet has a unique private key technology that splits the recovery phrases into three parts for security.The first is a user-generated password, the second is their personal hardware or mobile device, and the third is a social login like Google (NASDAQ:GOOGL) Gmail or Apple (NASDAQ:AAPL) ID. Each component alone doesn’t pose a major risk, minimizing the chance of compromise. If any part is lost, users can recover their wallet and funds, and they have the flexibility to export their private keys to a destination of their choice.Eric Parker, the CEO and co-founder of Giddy, said their private key management solution is a “ game changer among crypto wallets” and will simplify user experience since the technology “breaks down the private key into multiple factors owned by the user”, empowering them as a result.Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.This article was originally published on Crypto.news More

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    Irish manufacturers buck regional trend with rise in activity

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    Build up not out: the high density housing push for Australian cities

    SYDNEY (Reuters) – Sharath Mahendran, a 21-year-old student in Sydney, sees little hope he could ever afford a home like his parents did in the 1990s – a free-standing house on a quarter-acre (1,000 square metre) block – in today’s Australia. “Now someone like me would need a lot of help from my parents and then it would still take more than 10 years to save from a decent job. And even with those savings, I probably wouldn’t be able to live where I want to live. I’d live really far out.”Mahendran has joined the Sydney YIMBY (Yes In My Backyard) group, a fledgling grassroots movement seeking higher density housing in opposition to those branded NIMBYs (Not In My Backyard) that fight new and large developments, particularly in gentrified inner-city areas. For a continent as large and sparsely populated as Australia, it is almost counter-intuitive there could be a housing shortage. But decades of low-density suburban sprawl have stretched the capacity of the country’s cities, with Sydney swelling by almost a third to 5.3 million in the past 20 years.Now, with the construction industry struggling amid elevated costs and decade-high interest rates – and migration surging after borders reopened – housing affordability has become a thorny political issue that could even spark an early election.While the YIMBY movement is in its infancy in Australia, it marks a shift in community attitudes towards development as affordability worsens and a push for shorter commutes and better facilities become features of post-pandemic urban living. “We don’t care so much about the big backyard, the big car. I think a lot of younger Australians like myself are happy with a good location next to a train station, even if that means living in an apartment,” said Mahendran. Indeed, an August report by the New South Wales Productivity Commission showed building up in existing areas – closer to Sydney’s central business district – would save up to A$75,000 ($49,000) in infrastructure-related costs per home.”The future is up by way of density,” said Liz Allen, a researcher at Australian National University in Canberra. “If we look to international cities, this is the way they’ve gone – grown up and built up to increase environmental sustainability, but also to reduce the geographic footprint.”SMALL VICTORIESJustin Simon, the founder of Sydney YIMBY which launched in July, has been organising members to submit proposals and attend council meetings to advocate for new developments, offering an alternate voice to councils more often inundated with opposition from local homeowners. The movement has shown signs of winning over at least some existing homeowners, with about 40% of Sydney YIMBYs more than 100 members already owning a home.”There are a lot of homeowners who believe in the movement, not necessarily out of self-interest because they’ve got kids, but also because they see the benefits to sustainability and liveability of having denser communities where you can actually walk to places,” Simon said.The activists have enjoyed some small wins, such as blocking efforts to add 15 electricity sub-stations to a heritage protection list, and delaying plans to place about 1,400 homes in heritage conservation areas that limit newer, denser housing projects. The detrimental effects of planning and zoning regulations on housing affordability were singled out by the outgoing central bank governor Philip Lowe, who has called for all levels of governments to help solve the current housing crunch.”Doing that will be to the benefit of the society as a whole, not to the benefit of some particular landowners at the moment,” Lowe told a parliamentary committee in August.Political winds seems to be blowing in the favour of these activists. Greater Canberra, the YIMBY group in Canberra, has received support from both Labor and Greens for its push to lift density across the Australian Central Territory.Prime Minister Anthony Albanese has pledged to build 1.2 million homes nationwide over the next five years, with a promise of A$3 billion in federal incentives for states and territories that exceed their share of the target. The Senate has not passed a government bill to fund more affordable housing, and if it rejects the bill it could give Albanese the trigger for an early election.A poll by Redbridge in May found a growing appetite among Australian voters towards higher density, with 40% of people surveyed in the state of Victoria approving taller buildings. That increased to 55% for people under the age of 39. Simon Welsh, a director at Redbridge, said political parties are waking up to the fact that the younger cohort, with many renting, is now electorally dominant in some inner city suburbs.”I think politically they’re not going to have any choice but to respond to the needs of these voters because they’re the ones that are going to be deciding the elections going forward.”($1 = 1.5432 Australian dollars) More

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    IBM offers guidance for successful implementation of digital euro

    Some of IBM’s points are already found in the European Commission (EC) legislative proposal. “Build on existing rails,” the first point, is already foreseen in the EC plan, although it can be extended, the five authors said. Simplicity will be key to initial adoption, they reasoned, and familiarity reinforces that.Continue Reading on Coin Telegraph More