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25.10.25 - 17:24
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Secret mining studies and private deals: is a new gold rush quietly starting in El Salvador? (The Guardian)
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As the country's metal mining ban is lifted, rural communities fear a return of the contamination, violence and water shortages that cost so many lives and livelihoods in the pastSet off the main road through San Isidro, El Salvador, an old gate sits locked by a chain. Across its rusted metal wire mesh are emblazoned the words: “Private property, entry forbidden.” A bus stop outside is covered with faded black and yellow posters. Though peeling with age, their message can still be read: “No to mining – yes to life.”This is the site of what was once the El Dorado gold mining project. After the suspension of operations in 2009 amid community backlash, OceanaGold formally closed the project in 2017 following El Salvador's historic prohibition of metal mining. Continue reading......
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05.09.25 - 22:54
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Tether, El Salvador Deepening Ties To Gold, The ′Natural Bitcoin′ (ZeroHedge)
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Tether, El Salvador Deepening Ties To Gold, The 'Natural Bitcoin'
Authored by Vince Dioquino via Decrypt.co,
Stablecoin issuer Tether has held talks on investing in gold miners and royalty firms, after already acquiring $8.7 billion worth of bullion.
Meanwhile, El Salvador bought nearly 14,000 ounces of gold for $50 million, its first central bank purchase since 1990.
Tether CEO Paolo Ardoino has previously described gold as “natural Bitcoin,” and suggested in a separate interview that if a global “reset” were to occur, it would “happen in gold.”
Tether, the world's largest stablecoin issuer, has reportedly been in discussions with mining and investment groups to deploy billions into the gold industry, according to a Financial Times report late Thursday.
The talks reportedly span mining, refining, trading, and royalty companies, following chief executive Paolo Ardoino's view of gold as “the natural Bitcoin.”
“I prefer to think in Bitcoin terms, and I thi...
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