The surge in gold prices is driving a rapid expansion in informal and unregulated gold mining that is often illegal and ecologically destructive, according to the World Gold Council.
A miner takes a break inside an underground mine at a legal small-scale gold mining site in Tarkwa, Ghana, on Thursday, Oct. 17, 2024. The indebted West African state is potentially losing billions from illegal gold mining, known as galamsey, that is causing environmental carnage.
Brazil’s biggest utility is exploring options to guarantee the power supply for a $50 billion data center project aimed at putting Rio de Janeiro at the forefront of artificial intelligence in Latin America.
Elea’s Rio AI City will feature scalable infrastructure ready for the new digital age, with the RJO1 data center operational from day one. It is the most interconnected site in the Rio de Janeiro region with energy supply guaranteed by certified renewable sources at all project stages.
A 200 billion reais ($38 billion) commitment from ByteDance’s TikTok to help build a massive data center complex in Brazil is cementing the nation’s position as the leading location in the region for AI-related investment.
Casa dos Ventos wind turbines in Serra da Babilonia, Brazil, in 2023. Photographer: Maria Magdalena Arrellaga/Bloomberg
A 200 billion reais ($38 billion) commitment from ByteDance’s TikTok to help build a massive data center complex in Brazil is cementing the nation’s position as the leading location in the region for AI-related investment.
Casa dos Ventos wind turbines in Serra da Babilonia, Brazil, in 2023. Photographer: Maria Magdalena Arrellaga/Bloomberg
ByteDance Ltd.’s TikTok will invest more than 200 billion reais ($37.7 billion) to build a data center in Brazil, marking its first project in Latin America.
The TikTok logo on a smartphone arranged in the Queens borough of New York, US, on Wednesday, Jan. 15, 2025. The Supreme Court signaled it's likely to uphold a law that would ban the popular TikTok social media platform in the US if it isn't sold by its Chinese parent company by Jan. 19. Photographer: Gabby Jones/Bloomberg
French renewable energy provider Voltalia SA is pursuing data center projects in Brazil with investors including TikTok owner ByteDance Co Ltd. and the asset management division of private equity powerhouse Brookfield Corp., according to people familiar with the matter.
Brazil’s national oil company will likely delay awarding as many as four drilling contracts for its largest offshore field by at least a few months, according to people familiar with the matter — a move that comes as traders eye the country’s production closely amid an emerging global crude glut.
Vessels in the Buzios field off the coast of Rio de Janeiro, Brazil, on Oct. 24. Photographer: Dado Galdieri/Bloomberg
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