Category: Business

MIL-OSI Analysis: We don’t need deep-sea mining, or its environmental harms. Here’s why

Source: The Conversation – Global Perspectives – By Justin Alger, Associate Professor / Senior Lecturer in Global Environmental Politics, The University of Melbourne

Potato-sized polymetallic nodules from the deep sea could be mined for valuable metals and minerals. Carolyn Cole / Los Angeles Times via Getty Images

Deep-sea mining promises critical minerals for the energy transition without the problems of mining on land. It also promises to bring wealth to developing nations. But the evidence suggests these promises are false, and mining would harm the environment.

The practice involves scooping up rock-like nodules from vast areas of the sea floor. These potato-sized lumps contain metals and minerals such as zinc, manganese, molybdenum, nickel and rare earth elements.

Technology to mine the deep sea exists, but commercial mining of the deep sea is not happening anywhere in the world. That could soon change. Nations are meeting this month in Kingston, Jamaica, to agree to a mining code. Such a code would make way for mining to begin within the next few years.

On Thursday, Australia’s national science agency, CSIRO, released research into the environmental impacts of deep-sea mining. It aims to promote better environmental management of deep-sea mining, should it proceed.

We have previously challenged the rationale for deep-sea mining, drawing on our expertise in international politics and environmental management. We argue mining the deep sea is harmful and the economic benefits have been overstated. What’s more, the metals and minerals to be mined are not scarce.

The best course of action is a ban on international seabed mining, building on the coalition for a moratorium.

The Metals Company spent six months at sea collecting nodules in 2022, while studying the effects on ecosystems.

Managing and monitoring environmental harm

Recent advances in technology have made deep-sea mining more feasible. But removing the nodules – which also requires pumping water around – has been shown to damage the seabed and endanger marine life.

CSIRO has developed the first environmental management and monitoring frameworks to protect deep sea ecosystems from mining. It aims to provide “trusted, science-based tools to evaluate the environmental risks and viability of deep-sea mining”.

Scientists from Griffith University, Museums Victoria, the University of the Sunshine Coast, and Earth Sciences New Zealand were also involved in the work.

The Metals Company Australia, a local subsidiary of the Canadian deep-sea mining exploration company, commissioned the research. It involved analysing data from test mining the company carried out in the Pacific Ocean in 2022.

The company has led efforts to expedite deep-sea mining. This includes pushing for the mining code, and exploring commercial mining of the international seabed through approval from the US government.

In a media briefing this week, CSIRO Senior Principal Research Scientist Piers Dunstan said the mining activity substantially affected the sea floor. Some marine life, especially that attached to the nodules, had very little hope of recovery. He said if mining were to go ahead, monitoring would be crucial.

We are sceptical that ecological impacts can be managed even with this new framework. Little is known about life in these deep-water ecosystems. But research shows nodule mining would cause extensive habitat loss and damage.

Do we really need to open the ocean frontier to mining? We argue the answer is no, on three counts.

How does deep-sea mining work? (The Guardian)

1. Minerals are not scarce

The minerals required for the energy transition are abundant on land. Known global terrestrial reserves of cobalt, copper, manganese, molybdenum and nickel are enough to meet current production levels for decades – even with growing demand.

There is no compelling reason to extract deep-sea minerals, given the economics of both deep-sea and land-based mining. Deep-sea mining is speculative and inevitably too expensive given such remote, deep operations.

Claims about mineral scarcity are being used to justify attempting to legitimise a new extractive frontier in the deep sea. Opportunistic investors can make money through speculation and attracting government subsidies.

2. Mining at sea will not replace mining on land

Proponents claim deep-sea mining can replace some mining on land. Mining on land has led to social issues including infringing on indigenous and community rights. It also damages the environment.

But deep-sea mining will not necessarily displace, replace or change mining on land. Land-based mining contracts span decades and the companies involved will not abandon ongoing or planned projects. Their activities will continue, even if deep-sea mining begins.

Deep-sea mining also faces many of the same challenges as mining on land, while introducing new problems. The social problems that arise during transport, processing and distribution remain the same.

And sea-based industries are already rife with modern slavery and labour violations, partly because they are notoriously difficult to monitor.

Deep-sea mining does not solve social problems with land-based mining, and adds more challenges.

Hidden Gem was the world’s first deep-sea mineral production vessel with seabed-to-surface nodule collection and transport systems.
Photo by Charles M. Vella/SOPA Images/LightRocket via Getty Images

3. Common heritage of humankind and the Global South

Under the United Nations Convention on the Law of the Sea, the international seabed is the common heritage of humankind. This means the proceeds of deep-sea mining should be distributed fairly among all countries.

Deep-sea mining commercial partnerships between developing countries in the Global South and firms from the North have yet to pay off for the former. There is little indication this pattern will change.

For example, when Canadian company Nautilus went bankrupt in 2019, it saddled Papua New Guinea with millions in debt from a failed domestic deep-sea mining venture.

The Metals Company has partnerships with Nauru and Tonga but the latest deal with the US creates uncertainty about whether their agreements will be honoured.

European investors took control of Blue Minerals Jamaica, originally a Jamaican-owned company, shortly after orchestrating its start up. Any profits would therefore go offshore.

Australian Gerard Barron is Chairman and CEO of The Metals Company, formerly DeepGreen.
Carolyn Cole / Los Angeles Times via Getty Images

A wise investment?

It is unclear whether deep-sea mining will ever be a good investment.

Multiple large corporate investors have pulled out of the industry, or gone bankrupt. And The Metals Company has received delisting notices from the Nasdaq stock exchange due to poor financial performance.

Given the threat of environmental harm, the evidence suggests deep-sea mining is not worth the risk.

Justin Alger receives funding from the Social Sciences and Humanities Research Council of Canada.

D.G. Webster receives funding from the National Science Foundation in the United States and various internal funding sources at Dartmouth University.

Jessica Green receives funding from the Social Sciences and Humanities Research Council of Canada.

Kate J Neville receives funding from the Social Sciences and Humanities Research Council of Canada.

Stacy D VanDeveer and Susan M Park do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

– ref. We don’t need deep-sea mining, or its environmental harms. Here’s why – https://theconversation.com/we-dont-need-deep-sea-mining-or-its-environmental-harms-heres-why-260401

MIL OSI Analysis –

July 7, 2025
MIL-OSI Analysis: We don’t need deep-sea mining, or its environmental harms. Here’s why

Source: The Conversation – Global Perspectives – By Justin Alger, Associate Professor / Senior Lecturer in Global Environmental Politics, The University of Melbourne

Potato-sized polymetallic nodules from the deep sea could be mined for valuable metals and minerals. Carolyn Cole / Los Angeles Times via Getty Images

Deep-sea mining promises critical minerals for the energy transition without the problems of mining on land. It also promises to bring wealth to developing nations. But the evidence suggests these promises are false, and mining would harm the environment.

The practice involves scooping up rock-like nodules from vast areas of the sea floor. These potato-sized lumps contain metals and minerals such as zinc, manganese, molybdenum, nickel and rare earth elements.

Technology to mine the deep sea exists, but commercial mining of the deep sea is not happening anywhere in the world. That could soon change. Nations are meeting this month in Kingston, Jamaica, to agree to a mining code. Such a code would make way for mining to begin within the next few years.

On Thursday, Australia’s national science agency, CSIRO, released research into the environmental impacts of deep-sea mining. It aims to promote better environmental management of deep-sea mining, should it proceed.

We have previously challenged the rationale for deep-sea mining, drawing on our expertise in international politics and environmental management. We argue mining the deep sea is harmful and the economic benefits have been overstated. What’s more, the metals and minerals to be mined are not scarce.

The best course of action is a ban on international seabed mining, building on the coalition for a moratorium.

The Metals Company spent six months at sea collecting nodules in 2022, while studying the effects on ecosystems.

Managing and monitoring environmental harm

Recent advances in technology have made deep-sea mining more feasible. But removing the nodules – which also requires pumping water around – has been shown to damage the seabed and endanger marine life.

CSIRO has developed the first environmental management and monitoring frameworks to protect deep sea ecosystems from mining. It aims to provide “trusted, science-based tools to evaluate the environmental risks and viability of deep-sea mining”.

Scientists from Griffith University, Museums Victoria, the University of the Sunshine Coast, and Earth Sciences New Zealand were also involved in the work.

The Metals Company Australia, a local subsidiary of the Canadian deep-sea mining exploration company, commissioned the research. It involved analysing data from test mining the company carried out in the Pacific Ocean in 2022.

The company has led efforts to expedite deep-sea mining. This includes pushing for the mining code, and exploring commercial mining of the international seabed through approval from the US government.

In a media briefing this week, CSIRO Senior Principal Research Scientist Piers Dunstan said the mining activity substantially affected the sea floor. Some marine life, especially that attached to the nodules, had very little hope of recovery. He said if mining were to go ahead, monitoring would be crucial.

We are sceptical that ecological impacts can be managed even with this new framework. Little is known about life in these deep-water ecosystems. But research shows nodule mining would cause extensive habitat loss and damage.

Do we really need to open the ocean frontier to mining? We argue the answer is no, on three counts.

How does deep-sea mining work? (The Guardian)

1. Minerals are not scarce

The minerals required for the energy transition are abundant on land. Known global terrestrial reserves of cobalt, copper, manganese, molybdenum and nickel are enough to meet current production levels for decades – even with growing demand.

There is no compelling reason to extract deep-sea minerals, given the economics of both deep-sea and land-based mining. Deep-sea mining is speculative and inevitably too expensive given such remote, deep operations.

Claims about mineral scarcity are being used to justify attempting to legitimise a new extractive frontier in the deep sea. Opportunistic investors can make money through speculation and attracting government subsidies.

2. Mining at sea will not replace mining on land

Proponents claim deep-sea mining can replace some mining on land. Mining on land has led to social issues including infringing on indigenous and community rights. It also damages the environment.

But deep-sea mining will not necessarily displace, replace or change mining on land. Land-based mining contracts span decades and the companies involved will not abandon ongoing or planned projects. Their activities will continue, even if deep-sea mining begins.

Deep-sea mining also faces many of the same challenges as mining on land, while introducing new problems. The social problems that arise during transport, processing and distribution remain the same.

And sea-based industries are already rife with modern slavery and labour violations, partly because they are notoriously difficult to monitor.

Deep-sea mining does not solve social problems with land-based mining, and adds more challenges.

Hidden Gem was the world’s first deep-sea mineral production vessel with seabed-to-surface nodule collection and transport systems.
Photo by Charles M. Vella/SOPA Images/LightRocket via Getty Images

3. Common heritage of humankind and the Global South

Under the United Nations Convention on the Law of the Sea, the international seabed is the common heritage of humankind. This means the proceeds of deep-sea mining should be distributed fairly among all countries.

Deep-sea mining commercial partnerships between developing countries in the Global South and firms from the North have yet to pay off for the former. There is little indication this pattern will change.

For example, when Canadian company Nautilus went bankrupt in 2019, it saddled Papua New Guinea with millions in debt from a failed domestic deep-sea mining venture.

The Metals Company has partnerships with Nauru and Tonga but the latest deal with the US creates uncertainty about whether their agreements will be honoured.

European investors took control of Blue Minerals Jamaica, originally a Jamaican-owned company, shortly after orchestrating its start up. Any profits would therefore go offshore.

Australian Gerard Barron is Chairman and CEO of The Metals Company, formerly DeepGreen.
Carolyn Cole / Los Angeles Times via Getty Images

A wise investment?

It is unclear whether deep-sea mining will ever be a good investment.

Multiple large corporate investors have pulled out of the industry, or gone bankrupt. And The Metals Company has received delisting notices from the Nasdaq stock exchange due to poor financial performance.

Given the threat of environmental harm, the evidence suggests deep-sea mining is not worth the risk.

Justin Alger receives funding from the Social Sciences and Humanities Research Council of Canada.

D.G. Webster receives funding from the National Science Foundation in the United States and various internal funding sources at Dartmouth University.

Jessica Green receives funding from the Social Sciences and Humanities Research Council of Canada.

Kate J Neville receives funding from the Social Sciences and Humanities Research Council of Canada.

Stacy D VanDeveer and Susan M Park do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

– ref. We don’t need deep-sea mining, or its environmental harms. Here’s why – https://theconversation.com/we-dont-need-deep-sea-mining-or-its-environmental-harms-heres-why-260401

MIL OSI Analysis –

July 7, 2025
MIL-OSI Analysis: Astronomers have spied an interstellar object zooming through the Solar System

Source: The Conversation – Global Perspectives – By Kirsten Banks, Lecturer, School of Science, Computing and Engineering Technologies, Swinburne University of Technology

K Ly / Deep Random Survey

This week, astronomers spotted the third known interstellar visitor to our Solar System.

First detected by the Asteroid Terrestrial-impact Last Alert System (ATLAS) on July 1, the cosmic interloper was given the temporary name A11pl3Z. Experts at NASA’s Center for Near Earth Object Studies and the International Astronomical Union (IAU) have confirmed the find, and the object now has an official designation: 3I/ATLAS.

The orbital path of 3I/ATLAS through the Solar System.
NASA/JPL-Caltech, CC BY-NC

There are a few strong clues that suggest 3I/ATLAS came from outside the Solar System.

First, it’s moving really fast. Current observations show it speeding through space at around 245,000km per hour. That’s more than enough to escape the Sun’s gravity.

An object near Earth’s orbit would only need to be travelling at just over 150,000km/h to break free from the Solar System.

Second, 3I/ATLAS has a wildly eccentric orbit around the Sun. Eccentricity measures how “stretched” an orbit is: 0 eccentricity is a perfect circle, and anything up to 1 is an increasingly strung-out ellipse. Above 1 is an orbit that is not bound to the Sun.

3I/ATLAS has an estimated eccentricity of 6.3, by far the highest ever recorded for any object in the Solar System.

Has anything like this happened before?

An artist’s impression of the first confirmed interstellar object, 1I/‘Oumuamua.
ESO/M. Kornmesser, CC BY

The first interstellar object spotted in our Solar System was the cigar-shaped ‘Oumuamua, discovered in 2017 by the Pan-STARRS1 telescope in Hawaii. Scientists tracked it for 80 days before eventually confirming it came from interstellar space.

The interstellar comet 2I/Borisov, imaged by the Hubble Space Telescope.
NASA, ESA, and D. Jewitt (UCLA), CC BY-NC

The second interstellar visitor, comet 2I/Borisov, was discovered two years later by amateur astronomer Gennadiy Borisov. This time it only took astronomers a few weeks to confirm it came from outside the Solar System.

This time, the interstellar origin of 3I/ATLAS has been confirmed in a matter of days.

How did it get here?

We have only ever seen three interstellar visitors (including 3I/ATLAS), so it’s hard to know exactly how they made their way here.

However, recent research published in The Planetary Science Journal suggests these objects might be more common than we once thought. In particular, they may come from relatively nearby star systems such as Alpha Centauri (our nearest interstellar neighbour, a mere 4.4 light years away).

Alpha Centauri A and Alpha Centauri B, from the triple star system Alpha Centauri.
ESA/Hubble & NASA, CC BY

Alpha Centauri is slowly moving closer to us, with its closest approach expected in about 28,000 years. If it flings out material in the same way our Solar System does, scientists estimate around a million objects from Alpha Centauri larger than 100 metres in diameter could already be in the outer reaches of our Solar System. That number could increase tenfold as Alpha Centauri gets closer.

Most of this material would have been ejected at relatively low speeds, less than 2km/s, making it more likely to drift into our cosmic neighbourhood over time and not dramatically zoom in and out of the Solar System like 3I/ATLAS appears to be doing. While the chance of one of these objects coming close to the Sun is extremely small, the study suggests a few tiny meteors from Alpha Centauri, likely no bigger than grains of sand, may already hit Earth’s atmosphere every year.

Why is this interesting?

Discovering new interstellar visitors like 3I/ATLAS is thrilling, not just because they’re rare, but because each one offers a unique glimpse into the wider galaxy. Every confirmed interstellar object expands our catalogue and helps scientists better understand the nature of these visitors, how they travel through space, and where they might have come from.

A swarm of new asteroids discovered by the NSF–DOE Vera C. Rubin Observatory.

Thanks to powerful new observatories such as the NSF–DOE Vera C. Rubin Observatory, our ability to detect these elusive objects is rapidly improving. In fact, during its first 10 hours of test imaging, Rubin revealed 2,104 previously unknown asteroids.

This is an astonishing preview of what’s to come. With its wide field of view and constant sky coverage, Rubin is expected to revolutionise our search for interstellar objects, potentially turning rare discoveries into routine ones.

What now?

There’s still plenty left to uncover about 3I/ATLAS. Right now, it’s officially classified as a comet by the IAU Minor Planet Center.

But some scientists argue it might actually be an asteroid, roughly 20km across, based on the lack of typical comet-like features such as a glowing coma or a tail. More observations will be needed to confirm its nature.

Currently, 3I/ATLAS is inbound, just inside Jupiter’s orbit. It’s expected to reach its closest point to the Sun, slightly closer than the planet Mars, on October 29. After that, it will swing back out towards deep space, making its closest approach to Earth in December. (It will pose no threat to our planet.)

Whether it’s a comet or an asteroid, 3I/ATLAS is a messenger from another star system. For now, these sightings are rare – though as next-generation observatories such as Rubin swing into operation, we may discover interstellar companions all around.

Kirsten Banks does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

– ref. Astronomers have spied an interstellar object zooming through the Solar System – https://theconversation.com/astronomers-have-spied-an-interstellar-object-zooming-through-the-solar-system-260422

MIL OSI Analysis –

July 7, 2025
MIL-OSI Australia: Tax Time 2025 update – 1 July
Source: New places to play in Gungahlin

Welcome and governance

The ATO Co-chair welcomed members and ATO attendees to the first Tax Practitioner Stewardship Group (TPSG) Tax Time 2025 meeting.

ATO updates
Frontline Services

Frontline Services provided the following update:
- Tax time has progressed well on day 1, noting the day is not over yet.
- We’ve received 4,000 calls from tax agents so far, which is similar to this time last year.
- Lodgment numbers are slightly higher from this time last year, but we expect this figure to level out throughout the week.
- We’ve put in place a safety net that may be removed progressively throughout this week.
Member comments

Members queried whether we will investigate and amend tax returns lodged early this year. We stated that this will depend on the circumstances and reiterated the safety net should help prevent this as has been done in previous years.

IT system updates and maintenance

Enterprise Solutions and Technology provided the following update:
- Good system performance throughout the day with notably good response times.
- There is a small issue with the availability of webchat functionality in myTax, which is currently being worked through, but this has had no impact on Online Services for Agents.
ATO Digital services

Digital services are operating as intended and there is nothing to report.

ATO Communications

Marketing and Communications provided the following update:
- Key focus for tax time communications this year is to encourage people to wait until all pre-fill information is available before lodging, with our strategy and messages centered on ‘Back to basics’ themes emphasising record keeping, eligibility to claim, and substantiation.
- The ATO Tax Time Spokesperson has been engaging with a wide range of audiences through media, podcasts, webinars and events, and achieving early reach in partnerships with high-profile consumer brands.
- Our flagship tax time toolkits, including the Investors toolkit, the Individuals tax time toolkit and the Tax time toolkit for small business, have been successfully updated, offering a helpful resource for tax agents to guide conversations with individuals and small business clients.
- A significant focus this tax time is encouraging uptake of the ATO app, with new security features rolling out to keep users safe and their ATO records secure. Recent communication around real time security messaging has been successful in generating uptake, with a number of instances already confirmed of blocking suspected fraud.
- The recent tax time webcast with tax professionals was a success with a total of 2,051 attendees and 132 questions from participants. The recorded version of the webcast will be included in this week’s edition of the Tax professional’s newsletter.
Member comments

Members highlighted that 142,000 early lodged returns last year were adjusted or reviewed for errors is an important message for taxpayers.

Superannuation

Superannuation and Employer Obligations provided the following update:
- Super Guarantee (SG) rate will increase to 12% on 1 July. This rate applies for payments of salary and wages to eligible workers on and after 1 July, even if some or all of the pay period it relates to is before 1 July.
- SG contributions should be made by 28 July in full, on time and to the right fund. For the quarter ending 30 June, apply the 11.5% SG rate for salary and wage payments made before 1 July.
- As of 1 July, some pay as you go (PAYG) withholding schedules and tax tables have been updated. Tax agents should ensure they are using the correct tax tables or the tax withheld calculator to work out how much to withhold from employees’ payments
  
  a reminder to update payroll software to withhold, report and pay the correct amount of tax.
- Single Touch Payroll (STP) reporting and finalisation declarations are due by 14 July
  
  lodge a finalisation declaration for all employees paid and reported through STP so they have the right information to lodge their income tax returns
  
  finalise all employees paid in the financial year, even those that haven’t been paid for a while, like terminated employees
  
  if an employer changes payroll software providers, they should finalise records before they change. This ensures employers and employees have accurate information during tax time.
Member insights and experience

Member comments

A professional association representative member raised an issue in relation to an ATO LinkedIn poll asking taxpayers what they thought was the fastest and easiest way to lodge this tax time. Members were disappointed that this poll did not acknowledge lodging through a registered tax agent is also a valid, fast and easy option.

Members raised concerns that ATO communications do not acknowledge the role of tax professionals and in the current environment with changes to the Tax Agent Services Act (TASA), this adds to the increasing unease across the tax professional community.

Members encouraged us to continue to engage the Communication Content Working Group (CCWG) and the TSPG to improve messaging that positions tax agents alongside myTax in our communications.

We expressed appreciation for this feedback and noted that the post was intended to be a light-hearted and engaging way to spark conversation around tax time, rather than a comprehensive overview of lodgment options. We stated that registered tax agents were considered as an option in this poll, however thought placing them alongside choices like paper returns or interpretive dance might unintentionally come across as disrespectful to tax agents, and not in keeping with the playful tone of the post.

We absolutely recognise the vital role tax professionals play and regularly highlight the contributions they make across our channels, encouraging the community to seek support from registered agents. We’ve taken this feedback on board and will keep this in mind this for all future communications. We apologised to tax professionals for this post and any offence taken and have since taken the poll down.

A professional association representative member raised an increase in their members commenting on ATO outbound calls, where our officers are requesting the tax agents to go through a POI process, which at tax time is causing an increased level of frustration amongst agents.

Members quired whether there is an easier solution to provide verification through a message in Practice Mail.

Members raised the amendments made by the ATO to 142,000 tax returns lodged within the first 2 weeks of tax time last year and whether shortfall interest charge (SIC) was applied to these taxpayers.

Useful links

MIL OSI News –
July 7, 2025
MIL-OSI Submissions: Australia – CommBank unveils new brand platform Doubt Never Did, designed to inspire Australians – CBA

Source: Commonwealth Bank of Australia (CBA)

Cinematic hero film leads a bold new brand campaign across TV, social, OOH and digital.

CommBank has launched Doubt Never Did, a bold new campaign designed to empower Australians to overcome self-doubt and take action towards their personal and business goals.

The next evolution of CommBank’s enduring brand platform, Can.

Informed by deep cultural insights and macro tr

MIL OSI – Submitted News –

July 7, 2025
MIL-OSI Submissions: Pacific-Solomon Islands – 62 companies sign PSA contracts with SIG/MRD to supply materials to constituencies

Source: Government of the Solomon Islands

The Ministry of Rural Development (MRD) has completed the qualification process and recently signed legally binding agreements with 62 private companies under the Solomon Islands Government Preferred Supplier Arrangement (PSA).

The PSA qualifies these Companies to supply materials, equipment, goods and services to the national government through the 50 constituencies.

This signing marks a significant milestone toward the full implementation of the 2025 Constituency Development Funds (CDF) budget; enabling the mobilization of essential resources for rural development projects and community improvements.

The PSA is a SIG procurement administrative process designed to streamline and fix procurement procedures particularly for commonly procured goods or equipment by engaging legally registered, genuine, and qualified companies to supply goods and services to the government. The goal is to improve efficiency and ensure the delivery of quality services to both the government and the public.

“The PSA contracts are valid for one year, with procurement of goods and services governed by and in compliance with Sections 73 and 74 of the Public Financial Management (PFM) Act 2013 and Section 28 of the Constituency Development Funds (CDF) Act 2023” MRD said in an official statement.

“The processes will be closely monitored by MRD in collaboration with the Ministry of Finance and Treasury (MoFT) to ensure all procurement procedures under the relevant sections of the PFM Act 2013, SIG Procurement Manual and the CDF Act 2023 are complied with, guaranteeing that quality goods and services are delivered to the constituencies,” the statement added.

It further explained that, to ensure impartiality, the PSA underwent a rigorous selection and evaluation process, including physical site inspections and assessments on suppliers conducted by the MRD Technical Evaluation Committee (TEC). The process also involved scrutiny by the Ministry of Finance (MoFT) and the Central Tender Board (CTB) before contracts were awarded to successful suppliers.

Regarding pricing, MRD secured fixed prices for various items based on prevailing market rates, ensuring value for money and consistent quality of materials purchased by constituencies for development projects.

Price evaluation was conducted exclusively for the 62 qualified companies across the following categories/items:

Hardware and Building Materials
Forestry Milling Products
Marine, Seagoing, and Fishing Equipment
Plant & Motor Vehicles
Electrification Supplies
Plumbing, Water Supply, and Sanitation Equipment
Communication, Musical, and Sound Equipment
Sports Equipment and Accessories
Agriculture and Gardening Equipment
Tailoring, Embroidery, and Fabric Printing Equipment
Cookery, Bakery, and Kitchenware
Retail Goods

The CTB serves as the awarding authority, responsible for the tender awards following the completion of all technical evaluation processes undertaken by MRD. PSA contracts are prepared by MRD, with signatories including Permanent Secretary of the Ministry of Finance and Treasury (Chairman of the CTB), PS MRD (Chairman of the Ministerial Tender Board, MTB), and the suppliers.

The contracts are valid for one year (12 months), with fixed prices throughout the period. The list of the qualified suppliers for the PSA will be published when all contract documentations are finalised soon.

The Tender for the PSA was publicized in October 2024, with 68 companies submitting bids. After thorough evaluation, six companies were disqualified for failing to meet the minimum technical requirements outlined in the tender documentation, including Section VI, Schedule of Requirements. MRD also undertook a quick review of the selling prices of commonly procured goods under the PSA which resulted in some decrease in pricing on some commonly procured goods under the scheme.

Funding for the 2025 PSA is allocated from the MRD/SIG Development Budget.

The SIG support to the Constituency Development Program totals $250 million, which will be equally shared among the 50 constituencies—each receiving $5 million. Of this amount, $3.2 million is allocated and to be processed via the Preferred Suppliers Arrangement, while $1.8 million is provided as grants to the respective constituencies.

Funding utilization will follow the sectoral allocations stipulated in the CDF Act 2023, Section 26. Specifically, the funding utilisation will be portioned as follows:

40% for the Productive & Resources Sector
20% for Essential Services
20% for Cross-Sectoral, Inclusivity, and Gender initiatives
20% for Social and Cultural Obligations

The implementation of the 2025 CDF program continues to progress smoothly.

MIL OSI – Submitted News –

July 7, 2025
BRICS: Indonesia joins as full member, 10 countries welcomed as partners

Source: Government of India

Source: Government of India (4)

Leaders of the BRICS nations on Sunday welcomed Indonesia as a full member of the group, along with the inclusion of 10 countries — Belarus, Bolivia, Kazakhstan, Nigeria, Malaysia, Thailand, Cuba, Vietnam, Uganda, and Uzbekistan — as partner countries.

In a joint declaration issued at the 17th BRICS Summit in Rio de Janeiro, the leaders said, “We welcome the Republic of Indonesia as a BRICS member, as well as the Republic of Belarus, the Plurinational State of Bolivia, the Republic of Kazakhstan, the Republic of Cuba, the Federal Republic of Nigeria, Malaysia, the Kingdom of Thailand, the Socialist Republic of Vietnam, the Republic of Uganda, and the Republic of Uzbekistan as BRICS partner countries.”

The declaration also highlighted key initiatives adopted during the summit, including the BRICS Leaders’ Framework Declaration on Climate Finance, the BRICS Leaders’ Statement on the Global Governance of Artificial Intelligence, and the launch of the BRICS Partnership for the Elimination of Socially Determined Diseases.

During the BRICS session on ‘Peace and Security and Reform of Global Governance,’ Prime Minister Narendra Modi emphasised that the expansion demonstrates BRICS’ ability to evolve with changing times. He called for urgent reforms in global institutions such as the United Nations Security Council, the World Trade Organisation (WTO), and Multilateral Development Banks.

“The expansion of BRICS and the inclusion of new partners reflect its ability to evolve with the times. Now, we must demonstrate the same determination to reform institutions like the UN Security Council, the WTO, and Multilateral Development Banks. In the age of AI, where technology evolves every week, it’s unacceptable for global institutions to go eighty years without reform. You can’t run 21st-century software on 20th-century typewriters,” the Prime Minister said.

BRICS was originally established as BRIC after the leaders of Russia, India, China, and Brazil met during the G8 Outreach Summit in 2006. The grouping formalised its cooperation with the first BRIC Summit in Russia in 2009. South Africa joined in 2010, expanding the group to BRICS.

A further expansion took place in 2024 with Egypt, Ethiopia, Iran, and the UAE becoming full members from January 1. Indonesia became a full member in January 2025, while Belarus, Bolivia, Kazakhstan, Cuba, Malaysia, Nigeria, Thailand, Uganda, and Uzbekistan were inducted as BRICS partner countries.

(ANI)

July 7, 2025
MIL-OSI United Nations: Secretary-General’s remarks at the 17th BRICS Summit Session on “Strengthening Multilateralism, Economic-Financial Affairs and Artificial Intelligence” [as delivered] 

Source: United Nations secretary general

Prezado Presidente Lula, muito obrigado pelo seu amável convite e pela sua hospitalidade tão amiga.

Excellencies,

Artificial intelligence is reshaping economies and societies.

The fundamental test is how wisely we will guide this transformation.

How we minimize the risks and maximize the potential for good.

I am particularly concerned with the weaponization of AI, in a world where peace is more necessary than ever.

Peace in Palestine, based on building the two-State solution, starting by an immediate, permanent ceasefire in Gaza, the immediate and unconditional release of hostages, free and unimpeded humanitarian aid delivery, and the ending of the crippling annexation and violence in the West Bank.

A just and sustainable peace in Ukraine, in line with the UN Charter, international law and relevant UN resolutions.

Silencing the guns in Sudan, where civilians have also suffered too much.
And the list goes on, from the DRC to Somalia, from the Sahel to Myanmar.

Excellencies,

Artificial intelligence needs a multilateral response grounded in equity and human rights.

The Pact for the Future, approved by the General Assembly of the United Nations, calls for a new architecture of trust and cooperation – starting with the establishment by the UN of an Independent International Scientific Panel on Artificial Intelligence.

This Panel should provide impartial, evidence-based guidance available to all Member States.

The Pact also calls for a periodic Global Dialogue on AI within the UN, with all the Member States and relevant stakeholders.

The AI can’t be a club of the few, but must benefit all, and in particular, developing countries which must have a real voice in global AI governance.

I will also soon present a report outlining innovative voluntary financing options to support AI capacity-building in developing countries, and I urge the BRICS’ support and your support for these efforts.

But we cannot govern AI effectively – and fairly – without confronting deeper, structural imbalances in our global system.

We are in a multipolar era.

Power relations are shifting.

A multipolar world requires multilateral governance – with global institutions tuned for the times, in particular the Security Council and the international financial architecture.

They were designed for a bygone age, a bygone world, with a bygone system of power relations.

The reform of the Security Council is crucial.

The message from the Financing for Development Conference last week in Sevilla was clear:

Ensuring that developing countries have a greater participation in global economic governance and its institutions;

Putting into place an effective debt restructuring mechanism;

And tripling the lending capacity of multilateral development banks, in particular, with concessional funding and in local currencies.

All this is crucial for countries, especially in the Global South – to bridge the digital divide and fully harness artificial intelligence’s potential, making AI a powerful driver for inclusive growth and sustainable development.

Excellencies,

At a time when multilateralism is being undermined, let us remind the world that cooperation is humanity’s greatest innovation.

That begins with trust, and trust begins with all countries respecting International Law without exceptions.

Let us rise to this moment – and reform and modernize multilateralism, including the UN and all the systems and institutions to make it work for everyone, everywhere.

Thank you.

MIL OSI United Nations News –

July 7, 2025
MIL-OSI New Zealand: Export Awards – Finalists Announced for 2025 ExportNZ ASB Hawke’s Bay Export Awards

Source: Business Central

Finalists Announced for 2025 ExportNZ ASB Hawke’s Bay Export Awards

Hawke’s Bay exporters are being recognised for their excellence with today’s announcement of the finalists for the ExportNZ ASB Hawke’s Bay Export Awards.

In a time of substantial global volatility, ExportNZ is proud to recognise just some of the amazing exporters who continue to innovate and succeed in the global market.

The awards celebrate high calibre exporters from Hawke’s Bay up to the southern tip of Gisborne and are awarded annually.

Finalists for 2025 were selected from a wide field of entries, with an expert panel of judges assessing their success across a wide range of categories. The winners of each individual award category will automatically go in the running for the supreme award of the night, the ExportNZ ASB Hawke’s Bay Exporter of the Year.

Judges have lauded the creativity and quality of this year’s finalists, highlighting their innovation, strategy and global growth.

ASB’s Head of International Trade, Mike Atkins said it was exciting to see this year’s finalists covered a mix of businesses from the Food & Fibre sector along with Productive Manufacturing:

“We are extremely proud to enter our eleventh year of celebrating some of the country’s most innovative and inspiring companies and the achievements of the Hawke’s Bay export sector. It was particularly inspiring to see the level of innovation being adopted, including some world firsts,” said Atkins.

Congratulations to all this year’s finalists and award winners – the region should be proud of these amazing achievements.”

This year’s category finalists are:

ContainerCo Emerging Business Award

– Ovenden Seeds Limited

– Six Barrel Soda

– Haumako

– Bayleaf Organics

T&G Global Best Established Business Award

– ABB

– Apollo Foods

– Starboard Bio Limited

Ziwi Excellence in Innovation Award

– Norsewear

– King Bees

– ABB

– Starboard Bio Limited

– Apollo Foods

The Judges’ Choice Award, NZME Service to Export Award and Napier Port Unsung Heroes Award will be announced on the night – as will this year’s supreme prize, ASB Exporter of the Year.

Winners of each category will also go on to the final stage of the New Zealand Trade & Enterprise (NZTE) International Business Awards, held in Auckland on November 11 th.

ExportNZ Hawke’s Bay Executive Officer Amanda Liddle applauded all the efforts of the finalists and the exporting community.

“There’s no denying that the past few years have been challenging for exporters. Yet, time and again, our exporters have not only persevered but outperformed on the global stage-a true testament to their resilience, quality, and determination,” said Liddle.

“Amid ongoing global uncertainty, it’s more important than ever to pause and celebrate their achievements. ExportNZ is proud to stand behind our exporters-driving economic growth, lifting national pride, and showcasing New Zealand to the world.”

“This night would not be possible without the support of our category sponsors and our family sponsors. A special thank you to New Zealand Trade and Enterprise, Hastings District Council, Napier City Council, Hawke’s Bay Airport and Craggy Range Winery. Congratulations to all the finalists.”

Gala Dinner and Winners Announcement

The winners in each category will be revealed during the upcoming Gala Dinner and Awards night on July 31st, at the Toitoi Hawke’s Bay Arts and Event Centre. Tickets for the event are available for purchase here: https://exportnz.org.nz/event/exportnz-asb-hawkes-bay-export-awards-2025/

Notes:

ExportNZ Hawke’s Bay is overseen by Business Central, which represents around 3,500 organisations across the lower North Island. Business Central offers advice, learning, advocacy, and support to a wide range of organisations across Central New Zealand. Business Central is part of the BusinessNZ Network.

Tickets to the event go on sale today on the Export NZ website: https://exportnz.org.nz

MIL OSI New Zealand News –

July 7, 2025
MIL-OSI Banking: Global Topic: FC Barcelona and Panasonic agree contract for Espai Barça

Source: Panasonic

Headline: Global Topic: FC Barcelona and Panasonic agree contract for Espai Barça

Wiesbaden, Germany – FC Barcelona and Panasonic have signed a sponsorship agreement whereby the Japanese multinational will become the new “Heating Ventilation Air Conditioning Provider” for Espai Barça for four seasons up to 30 June 2028. This association adds another strategic partner for Espai Barça, ensuring the highest possible energy efficiency, with precision technology and a high level of interior air quality in the new installations, with a view to providing the highest possible comfort for every member and fan visiting the Spotify Camp Nou.

Part of the sponsorship programme associated with the future Spotify Camp Nou, this agreement will see Panasonic Heating & Cooling Solutions provide more sustainable heating, ventilation and air conditioning solutions, with air purification (using nanoeTM X technology), and latest generation of air-to-water heat pump systems for each space in the refurbished blaugrana home. Furthermore, high precision heating, ventilation and air conditioning equipment will be used in the technical areas, such as rooms containing the servers and for broadcasting games, where device reliability and quality is essential.
This is also an opportunity for the sponsorship programme developed specifically for Espai Barça, one of the most important projects in the Club’s history, and which has provided a platform full of new opportunities for both companies that directly target consumers (B2C) and those focused on the business sector (B2B), making the most of FC Barcelona’s global prestige and outreach.

Espai Barça is a ground-breaking project in the world of sport and entertainment, which includes the refurbishment of the iconic Spotify Camp Nou, which is set to become the best sports complex located in the centre of a major city, providing comfort for every one of its almost 105,000 spectators. Every space in the new stadium will be fitted out with Panasonic solutions, providing the highest possible comfort, energy efficiency and highest quality interior air, offering innovative and high quality solutions for heating, ventilation and air conditioning, and air purification, among others.

“The alliance with Panasonic demonstrates the Club’s willingness to equip the Spotify Camp Nou with the highest quality technology in the market, with the comfort of every member and fan visiting the stadium in mind so they can enjoy a match day in the refurbished installation. This agreement with Panasonic will mean every space is as comfortable as possible for the best possible enjoyment of the matchday experience.”

Statement by Panasonic Heating & Cooling Europe CEO Hiroshi Komatsubara

“Panasonic is proud to be involved in this new FC Barcelona project, which will inevitably become a global benchmark in infrastructure. Moreover, in line with the Club’s commitment to sustainability and energy efficiency, Panasonic contributes to the new stadium’s design with its most innovative heating, ventilation, and air conditioning solutions. Using cutting-edge technology, these systems ensure comfort, high indoor air quality, and low CO2 emissions, marking a new era for major facilities in progressive cities worldwide.”

MIL OSI Global Banks –

July 7, 2025
BRICS leaders back India, Brazil for bigger UN Security Council role

Source: Government of India

Source: Government of India (4)

Leaders of BRICS nations have reiterated their support for “comprehensive” reform of the United Nations, including its Security Council, to make it more democratic, representative, effective and efficient.

In a joint declaration at the 17th BRICS Summit in Rio de Janeiro, China and Russia — as permanent members of the UN Security Council — reaffirmed their support for the aspirations of Brazil and India to play a greater role in the UN, including the Security Council.

“We reiterate our support for a comprehensive reform of the United Nations, including its Security Council, with a view to making it more democratic, representative, effective and efficient, and to increase the representation of developing countries in the Council’s membership so that it can adequately respond to prevailing global challenges and support the legitimate aspirations of emerging and developing countries from Africa, Asia and Latin America, including BRICS countries, to play a greater role in international affairs, in particular in the United Nations, including its Security Council. We recognise the legitimate aspirations of African countries, as reflected in the Ezulwini Consensus and Sirte Declaration,” the declaration said.

“We stress that United Nations Security Council reform must lead to an amplified voice for the Global South. China and Russia, as permanent members of the UN Security Council, reiterate their support for the aspirations of Brazil and India to play a greater role in the United Nations, including its Security Council,” it added.

India has long sought a permanent seat in the Security Council to better represent the interests of the developing world. The UNSC comprises 15 member states, including five permanent members with veto power and ten non-permanent members elected for two-year terms.

BRICS leaders also expressed serious concerns over the rise of unilateral tariffs and non-tariff measures that distort trade and violate World Trade Organization (WTO) rules. They reiterated their support for a rules-based, open, transparent, fair, inclusive, equitable, non-discriminatory, consensus-based multilateral trading system with the WTO at its core, with special and differential treatment (S&D T) for its developing members.

The bloc recalled commitments made at the 12th WTO Ministerial Conference and reaffirmed at the 13th to work towards the necessary reform of the organisation to ensure its relevance and restore the credibility of the multilateral trading system.

They expressed commitment to restoring an accessible, effective, fully functioning, two-tier binding WTO dispute settlement system and extended support for Ethiopia and Iran’s bids to join the WTO. The group also welcomed the BRICS Declaration on WTO Reform and Strengthening of the Multilateral Trading System, adopted by trade ministers.

The leaders condemned the imposition of unilateral coercive measures that violate international law and reiterated that such measures — including unilateral economic sanctions and secondary sanctions — have far-reaching negative impacts on human rights, including the rights to development, health and food security.

“We call for the elimination of such unlawful measures, which undermine international law and the principles and purposes of the UN Charter. We reaffirm that BRICS member states do not impose or support non-UN Security Council authorised sanctions that are contrary to international law,” the declaration said.

BRICS leaders also voiced concern over ongoing conflicts in various regions and the current state of polarisation and fragmentation in the global order. They expressed alarm at the increasing global military spending, which they said comes at the cost of financing development in the Global South.

The BRICS Summit, hosted by Brazil, has brought together leaders from Brazil, Russia, India, China and South Africa, along with new members Egypt, Ethiopia, Iran, the UAE and Indonesia.

ANI

July 7, 2025
MIL-OSI United Kingdom: Brian Cox CBE and Radek Rudnicki to receive honorary degrees Abertay graduation

Source: University of Abertay

A world-renowned Scottish actor and a pioneering sound artist will be awarded Honorary Degrees at Abertay University’s summer graduation ceremony later this month.

Dundee-born Hollywood star Brian Cox CBE will be recognised for his contribution to the performing arts over the last 50 years, while Radek Rudnicki will be honoured for his innovative work in new media and spatial sound.

The ceremony will take place on Friday 11 July at Caird Hall in Dundee, where over 400 graduates from Abertay’s academic schools will gather to celebrate the culmination of their studies.

^{Photo credit: Jakub Hader}

Graduates from Abertay’s academic faculties – the Faculty of Design and Informatics and Business, the Faculty of Social and Applied Sciences, and the Graduate School – will be joined by friends, family, and members of the University leadership team, including Chancellor Professor Alice Brown and Vice-Chancellor Professor Liz Bacon, for a memorable day of celebration.

Professor Liz Bacon, Principal and Vice-Chancellor, said:

Graduation is one of the most memorable days in the university calendar, and this summer we’re thrilled to celebrate not only our talented students but also two outstanding individuals whose careers represent the very best of creativity, innovation and dedication. We’re delighted to welcome Brian Cox and Radek Rudnicki to the Abertay community and to honour their extraordinary achievements.

Brian Cox began his acting career in 1961 at Dundee Repertory Theatre, going on to become a founding member of the Royal Lyceum Theatre in Edinburgh. With a stage and screen career spanning more than six decades, his breakthrough Hollywood role came in 1986’s Manhunter and has since appeared in films such as Braveheart, Adaptation, The Bourne Identity, Troy, 25th Hour and X2: X-Men United, an iconic portrayal of the much-loved Dundee comedy character Bob Servant, and most recently in the award-winning HBO drama Succession. He has received two BAFTAs, an Emmy, and a Golden Globe, and remains deeply connected to his theatrical roots, including a forthcoming return to the Dundee Rep stage in Make It Happen.

Radek Rudnicki is a new media artist, composer, and sound designer whose work blends spatial audio and immersive storytelling. Currently the lead sound designer for the Precyzja Foundation and director of Wave Folder Records, Radek’s digital studio develops cutting-edge experiences showcased around the world. His career includes collaborations with NASA’s Goddard Institute and the Stockholm Environment Institute, and partnerships with hardware synthesizer manufacturers like Waldorf, Elektron and Cwejman. His accolades include the Emerging Excellence Award, the Provost Award for World-Class Excellence in Research.

MIL OSI United Kingdom –

July 7, 2025
MIL-OSI: Ripple is applying for a national bank charter, LET Mining creates more value for XRP holders

Source: GlobeNewswire (MIL-OSI)

New York City, NY, July 06, 2025 (GLOBE NEWSWIRE) — Ripple (XRP) has ended its battle with the U.S. Securities and Exchange Commission (SEC) and is getting rid of the supervision of the U.S. Securities and Exchange Commission (SEC).

Garlinghouse tweeted: “True to our long-standing compliance roots, @Ripple is applying for a national bank charter from the OCC,” he added, “If approved, we would have both state (via NYDFS) and federal oversight, a new (and unique!) benchmark for trust in the stablecoin market.”

Against this backdrop, the LET Mining cloud mining platform provides XRP users with a way to participate that is both compliant with regulatory direction and can generate stable profits. Allow users to create more value for XRP through the LET Mining cloud mining service.

If Ripple Labs has any trump card, it is that it may be the most capital-rich cryptocurrency company in the world. If Ripple successfully obtains a national banking license, it will become the first crypto payment company licensed by a federal agency in the United States. This is not only a huge encouragement to the stablecoin market, but also directly enhances the credibility, use and legitimacy of XRP – this is good news for all crypto users.

And LET Mining is precisely under this compliance wave, providing users with a safer and more transparent passive income platform.

How does LET Mining achieve income?
LET Mining maximizes revenue through the following mechanisms:
✅ AI computing power scheduling system: dynamically adjust mining strategies according to market difficulty and coin price
✅ Multi-node deployment: Global distributed servers ensure mining efficiency and stability
✅ Green energy drive: reduce operating costs and increase user revenue space
✅ Referral reward system: invite friends to get up to 3% additional rebate

How XRP holders can create revenue through LET Mining
1. Log in to the website https://letmining.com/ to register an account, and you can get a $12 reward after successful registration
2. Choose a cloud computing power contract that suits the user’s investment strategy. Users have the following options (minimum 50XRP to participate)

●Experience Contract: Investment amount: $100, contract period: 2 days, daily income of $4, expiration income: $100 + $8
●BTC Classic Hash Power: Investment amount: $500, contract period: 5 days, daily income of $6, expiration income: $500 + $30
●DOGE Classic Hash Power: Investment amount: $3,500, contract period: 24 days, daily income of $50.4, expiration income: $3,500 + $1,209.6
●BTC Advanced Hash Power: Investment amount: $5,000, contract period: 30 days, daily income of $76, expiration income: $5,000 + $2,280
●BTC Advanced Hash Power: Investment amount: $10,000, contract period: 45 days, daily income of $173, expiration income: $10,000 + $7,785

(Click here to view more high-yield contract details)

3. Automatically obtain revenue every day and withdraw funds at any time

Start mining with XRP to “empower” assets
Although XRP itself cannot mine, LET Mining supports using XRP to activate contracts, purchase computing power, and participate in cloud mining of other currencies (such as BTC, LTC, DOGE). This model not only provides a new value channel for XRP holders, but also provides users with a way to steadily increase value in a compliant path.

Today, as the regulatory environment for XRP becomes increasingly clear, using its legal and compliant funding path to launch LET Mining computing power contracts will be the “ace combination” in asset management strategies.

As Ripple actively applies for a U.S. national banking license, XRP is gradually moving towards the core position of the mainstream financial system. In this wave of cryptocurrency compliance and financial integration, LET Mining is providing XRP holders with a new path to release value.

Through LET Mining cloud mining, users do not need to rely on traditional mining mechanisms, and can also make XRP the key to start digital wealth growth. Compliance is the direction, action is the beginning – now is the best time to use XRP to expand passive income opportunities.

Official website: https://letmining.com/
Contact email: info@letmining.com
APP download: https://letmining.com/xml/index.html#/app

Attachment

The MIL Network –

July 7, 2025
MIL-OSI United Kingdom: Workers in line for £29,000 boost thanks to landmark Pensions Bill
Source: United Kingdom – Executive Government & Departments

Press release

Workers in line for £29,000 boost thanks to landmark Pensions Bill

The Bill is set to transform the pensions landscape for years to come and put more money in people’s pockets as part of the Plan for Change
Pension Schemes Bill could boost returns to pension saving by thousands of pounds

Changes will also make it easier for savers to access and manage their pensions

Working people on an average salary who save into a pension pot over their career, could benefit by up to £29,000 by the time they retire thanks to major Government reforms that will consolidate small pension pots, ensure schemes are value for money, and create larger pension schemes.

The figure was revealed as the Pension Schemes Bill returns to Parliament for its second reading today [7 July 2025].

Reforms in the Bill, which have received wide-spread support from the pensions industry and consumer groups, will support 20 million pension savers to get more from their pension pots and be better prepared for retirement.

The Bill will bring together small pension pots worth £1,000 or less into one pension scheme that is certified as delivering good value to savers, making pension saving less hassle and more rewarding. At present many people struggle to keep track of multiple small pensions as they move jobs and can pay high fees as a result.

In future pension schemes will also need to prove they are value for money, helping savers understand whether their scheme is giving them good returns and protecting them from getting stuck in underperforming schemes for years on end.

These measures will lay the foundation for the upcoming Pensions Review to examine how we get to a fair and sustainable pensions system, supporting growth and delivering on the government’s Plan for Change by putting more money into people’s pockets.

Minister for Pensions Torsten Bell said:

We’re ramping up the pace of pension reform, to ensure that people’s pension savings works as hard for them as they worked to save.

The measures in our Pension Schemes Bill will drive costs down and returns up on workers’ retirement savings – putting more money in people’s pockets to the tune of up to £29,000 for an average earner and delivering on our Plan for Change.

Other measures include:

New rules creating multi-employer DC scheme “megafunds” of at least £25 billion, so that bigger and better pension schemes can drive down costs and invest in a wider range of assets.

Simplifying retirement choices, with all pension schemes offering default routes to an income in retirement.

Increased flexibility for Defined Benefit (DB) pension schemes to safely release surplus worth collectively £160 billion, to support employers’ investment plans and to benefit scheme members.

The reforms will also unlock long-term investment in the UK economy by removing barriers to growth, strengthening the security and governance of pension schemes and ultimately delivering better returns for people saving for their retirement.

The pace of pension reform has ramped up with measures in the Bill set to revolutionise the pensions landscape in the coming years. While the benefits of the Bill are clear, significant challenges still remains with these benefits varied for different workers and different groups. This is why the upcoming Pensions Review will examine challenges such as pension adequacy to ensure underserved groups do not miss out on the benefits arising from these measures.

Reforms announced as part of the Bill will also future proof the Local Government Pension Scheme (LGPS) by leading to the consolidation of all £400 billion of assets into a small number of expert asset pools which can invest in local areas infrastructure, housing and clean energy.

Minister for Local Government and English Devolution Jim McMahon OBE said:

This Bill will ensure the Local Government Pension Scheme is fit for the future and harness its full potential, with assets due to reach £1 trillion by 2040, and will strengthen investment in local communities to accelerate growth as part of our Plan for Change.

Zoe Alexander, Director of Policy and Advocacy for PLSA:

The introduction of the Pension Schemes Bill is a significant milestone, bringing forward necessary legislation to enact important reforms that have the full backing of the pensions industry. This includes small pots consolidation, the Value for Money regime, decumulation options and changes to give DB funds more options for securing member benefits over the long-term.

Once fully implemented, these measures should reduce the cost of administering pensions, remove complexity for savers and help ensure schemes are maximising the value they provide members.

Additional Information

To build scale in the pensions industry and stimulate UK investment, the Pension Schemes Bill will:

Require multi-employer Defined Contribution schemes used for automatic enrolment, unless exempt, to have at least £25 billion of assets in their main default arrangement by 2030 or be on route to achieving that scale by 2035 through having £10 billion in their main default.

Allow more flexibility for trustees of well-funded Defined Benefit pension schemes to share surplus funds with employers and their scheme members, with strict funding safeguards, unlocking some of the £160 billion surplus funds to be reinvested across the UK economy, boosting business productivity and delivering for members.

Create a legislative framework for the regulation of superfunds to encourage growth of the superfund market and underpin the security of members’ benefits.

Relax restrictions to allow the Board of the Pension Protection Fund (PPF) to reduce the annual pension protection levy it collects from pension schemes, when it is not required and collect less from businesses up and down the country.

Extend the definition of ‘terminal illness’ in the Pension Protection Fund and Financial Assistance Scheme legislation, so that eligible members who are diagnosed as terminally ill can receive payments at an earlier stage of their illness.

Lead to all Local Government Pension Scheme in England and Wales (LGPS) investments being managed by FCA-regulated asset pools, who will be responsible for implementing investment strategies set by their partner LGPS Administering Authorities.

To ensure better outcomes for savers, the Pension Schemes Bill will:

Introduce powers to create a Value for Money framework to enable a shift in focus from cost towards value and protect savers from becoming stuck in underperforming arrangements for extended periods.

Implement Guided Retirement Options which will place duties on trustees to provide default solutions for their members, unless the member chooses to opt-out. The default will provide an income in later life, including consideration for longevity protection – which could include CDC provision.

Enable authorisation of providers to act as a consolidator scheme. This will also aid the building of scale with pots worth £1,000 or less consolidated into a small number of large, good value schemes.

Facilitate PPF and FAS information to be displayed on dashboards.

The Competent Court measure in the Bill will confirm the legal standing of The Pensions Ombudsman (TPO) to make enforceable determinations in pensions overpayment recoupment cases without requiring a county court judge’s order, leading to quicker customer journeys and shorter waiting times.

The £29,000 boost to retirement pots is estimated through assuming greater investment performance through addressing underperformance and increasing diversification, reducing costs which could be passed onto savers and by investing for longer, ensuring worker’s pension pots work harder, for longer.

These figures are based on published annual earnings averages, which shows a full-time male will earn just over £37,000 a year and a woman just under £32,000.

Measures in the Bill mean that an average male earner at the start of their career could see up to £31,000 more in their retirement fund by the time they retire while a women could see £26,000 more in their retirement fund. See the Pension Schemes Bill Impact Assessment for further details on the calculations.

More information on the Government’s Pension Investment Review can be found here: Pensions Investment Review: Final Report – GOV.UK

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Published 7 July 2025
MIL OSI United Kingdom –
July 7, 2025
MIL-OSI New Zealand: Households to get extra FamilyBoost help

Source: New Zealand Government

Tens of thousands of households will be better off thanks to changes being made to FamilyBoost to help families with the cost of living, Finance Minister Nicola Willis says.

“From the start of this month, families will get larger FamilyBoost rebates on the early childhood education fees they pay, with rebates increasing from 25 per cent to 40 per cent of weekly fees, and those with household incomes of up to $229,000 now eligible to apply.

“This means for example that a family with early childhood fees of $100 a week could have their weekly FamilyBoost payment increased from $25 a week to $40 a week, meaning their annual payments would increase from $1,300 to $2,080 over the course of a year, making them hundreds of dollars better off.

“FamilyBoost rebates are calculated according to the weekly fees parents pay, so the maximum payment is also increasing, from $75 a week to $120 a week. The maximum refund is only available to those who pay weekly fees of $300 or more, however it’s important to note that parents at all fee levels can now claim 40 per cent of their total fees, so these changes will result in bigger payments for many families who already take part in the scheme.

“Cabinet has also decided to increase the number of families eligible for the scheme, by reducing the abatement rate for families earning more than $140,000. This means the upper limit for households to receive a portion of FamilyBoost increases from $180,000 a year of income to just under $230,000.

“We know many people are still doing it tough. These changes will help many families to deal with the increased costs that come with having young children.

“The changes will put more money in the bank accounts of households currently receiving FamilyBoost and extend the scheme to thousands of families that were previously ineligible for it.

“We note that only eligible families who make a claim will receive the rebate. To date, around 60,000 families have successfully claimed the FamilyBoost tax credit which is less than the number of families estimated to be eligible.

“The changes we are making will make around 22,000 more households eligible for the scheme. Based on the current take-up rate, officials estimate this may result in up to 16,000 more families accessing the payment.

“Officials estimate these changes can be accommodated within the appropriation set for the scheme in Budget 2024.

“I encourage all households who think they may be eligible for FamilyBoost to register for it on Inland Revenue’s website. Families who have done so tell us it is simple to do and only takes five minutes.

“FamilyBoost is paid out every three months. The changes will apply for fees paid from 1 July, with claims available to be made from 1 October.

“We have also asked officials to progress work on longer term improvements to the scheme, including by having fees information provided directly to Inland Revenue by ECE providers. FamilyBoost will also be included in the Early Childhood Education Funding Review which is examining the full range of supports available to families with children in early childhood education.”

Legislation giving effect to the changes will be introduced in time for the increases to be in place when households next claim rebates in October. The changes will apply to fees incurred from 1 July 2025.

MIL OSI New Zealand News –

July 7, 2025
MIL-OSI: Green crypto mining is on the rise, BAY Miner cloud mining helps users earn BTC passive income every day
Source: GlobeNewswire (MIL-OSI)

Houston, Texas, July 06, 2025 (GLOBE NEWSWIRE) — As the Bitcoin (BTC) bull market and the global ESG investment trend grow, green crypto mining has become a new option for crypto passive income. BAY Miner cloud mining platform combines green energy with low-threshold contracts, allowing users to earn BTC, ETH and other crypto income every day with just their mobile phones, without the need for equipment and complex operations, while supporting green sustainable investment.

Crypto market trends and green transformation
Global crypto adoption continues to grow, but traditional mining models are questioned due to high electricity consumption and carbon emissions. ESG investors and crypto users are turning to green mining driven by renewable energy to achieve sustainable returns and low carbon footprint. BAY Miner cloud mining is driven by green energy, without the need for mining machines and complex settings, allowing users to earn BTC and ETH daily using only their mobile phones, supporting environmental protection while practicing sustainable investment.

Why choose Green Cloud Mining?
Green cloud mining is becoming a new option for crypto investors. Compared with traditional mining, which requires the purchase of expensive mining machines, high electricity bills and complex maintenance, green cloud mining uses renewable energy servers to allow users to earn BTC and ETH passive income every day with just their mobile phones. It does not require equipment and has zero technical barriers, which reduces the cost of participation while reducing carbon emissions, supports global sustainable development, and allows users to accumulate crypto assets in a more environmentally friendly and low-risk way.

Advantages of BAY Miner cloud mining
– Use renewable green energy to reduce carbon emissions.
– Users do not need to buy mining machines or technical configuration.
– Manage with mobile phone, get $15 bonus upon registration, and get an additional $0.60 bonus for daily login.
– Flexible contract, starting from $100, with a period of 2-60 days.
– Support mainstream currencies such as BTC, ETH, XRP, DOGE, etc.
– McAfee and Cloudflare security protection ensures the safety of user assets.

User Benefit Example
·BTC[Free Computing Plan]: Investment amount: $100, contract period: 2 days, daily income of $4, expiration income: $100 + $8
·LTC[Core Contract Plan]: Investment amount: $600, contract period: 6 days, daily income of $7.2, expiration income: $600 + $43.2
·BTC[Core Contract Plan]: Investment amount: $3,000, contract period: 20 days, daily income of $39, expiration income: $3,000 + $780
·DOGE[Core Contract Plan]: Investment amount: $5,000, contract period: 32 days, daily income of $72.5, expiration income: $5,000 + $2,320
·BTC[Electricity Contract Plan]: Investment amount: $10,000, contract period: 47 days, daily income of $165, expiration income: $10,000 + $7,755

User Story: Earn Daily Crypto Mining with Your Phone
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Attachment

The MIL Network –
July 7, 2025
MIL-OSI: Kvika banki hf: The Board of Kvika banki hf. approves merger discussions with Arion banki hf.

Source: GlobeNewswire (MIL-OSI)

The Board of Kvika banki hf. has approved the request from the Board of Arion banki hf. to initiate formal merger discussions between Kvika banki hf. and Arion banki hf. A letter of intent to that effect has been signed by both parties.

In the ongoing merger discussions between the companies, it is proposed that the price per share in Kvika bank will be set at ISK 19.17 and ISK 174.5 per share for Arion bank in the anticipated merger. As such, shareholders of Kvika will receive 485,237,822 new shares in the merged entity, reflecting 26% ownership. A reasonable adjustment of the exchange ratio is expected in the event of a distribution made by the companies to their shareholders prior to the effective date of the merger.

The negotiations are expected to take place over the coming weeks, and further updates will be provided as appropriate and in accordance with the bank’s statutory disclosure obligations.

Please note that this notice is a disclosure of inside information per article 7 of regulation (EU) No 596/2014 on market abuse (“MAR”), which is implemented into Icelandic law with the act on measures against market abuse No 60/2021.

The MIL Network –

July 7, 2025
MIL-OSI: Kvika banki hf: The Board of Kvika banki hf. approves merger discussions with Arion banki hf.

Source: GlobeNewswire (MIL-OSI)

The Board of Kvika banki hf. has approved the request from the Board of Arion banki hf. to initiate formal merger discussions between Kvika banki hf. and Arion banki hf. A letter of intent to that effect has been signed by both parties.

In the ongoing merger discussions between the companies, it is proposed that the price per share in Kvika bank will be set at ISK 19.17 and ISK 174.5 per share for Arion bank in the anticipated merger. As such, shareholders of Kvika will receive 485,237,822 new shares in the merged entity, reflecting 26% ownership. A reasonable adjustment of the exchange ratio is expected in the event of a distribution made by the companies to their shareholders prior to the effective date of the merger.

The negotiations are expected to take place over the coming weeks, and further updates will be provided as appropriate and in accordance with the bank’s statutory disclosure obligations.

Please note that this notice is a disclosure of inside information per article 7 of regulation (EU) No 596/2014 on market abuse (“MAR”), which is implemented into Icelandic law with the act on measures against market abuse No 60/2021.

The MIL Network –

July 7, 2025
MIL-Evening Report: ‘The customer is always right’: why some uni teachers give higher grades than students deserve

Source: The Conversation (Au and NZ) – By Ciprian N. Radavoi, Associate Professor in Law, University of Southern Queensland

Pixels Effect/ Getty Images

Grade inflation happens when teachers knowingly give a student a mark higher than deserved. It can also happen indirectly, when the level of difficulty of a course is deliberately lowered so students achieve higher grades.

The practice threatens to undermine the quality of a university degree and the prestige of higher education.

Is it happening in Australia and if so, why?

To better understand grade inflation, we sought the opinions of those closest to the phenomenon: university teachers. The findings of our survey were recently published in the Journal of Academic Ethics.

Increases in grades

Over the past 50 years, many countries have reported an increase in higher university grades. This includes the United States, United Kingdom, Germany and Australia.

For example, a 2024 Australian report found a 234% increase in the number of distinction grades awarded to students at the University of Sydney between 2011 and 2021.

But are grades improving due to changes in teaching and student performance, or rather is marking generally more lenient to keep students happy?

Our study

To investigate the causes of grade inflation in Australian universities, we surveyed lecturers and tutors who have direct contact with students, teaching them and marking their work.

Our main question was:

[What is] your opinion regarding grade inflation? Does it occur, and if yes, why, and how does it impact the student, profession, institutional reputation, society, and yourself?

In July 2024, we sent the survey to the deans (heads) of research at all Australian universities, asking them to distribute it to their academics. Academics then had two months to answer the questions.

In total, we had 110 respondents, of which 88 answered all the questions of the survey. The majority were aged 31-55 (55%), women (56%), born in Australia (about 70%), with more than five years in academia (more than 80%). There were more respondents from regional Australia (44%) than from urban locations (24.5%). About 30% had experience in both types of locations.

The disciplines most represented were legal studies (37%), education (21%), science, nursing and psychology (each around 7%).

Overall opinions

The majority (73%) said they had seen grade inflation in their universities.

Academics’ dominant feelings about grade inflation were frustration (50% of respondents), powerlessness (44%) and dissatisfaction (31%).

Of those surveyed, about 11% were indifferent and 7% were satisfied with the situation they experienced around grade inflation.

The fact that many academics surveyed felt frustrated and powerlessness indicates they do not inflate grades willingly. Previous studies have suggested university management encourages grade inflation as students are seen as clients and they want to keep the client happy.

Pressure from university administration

Our respondents supported this idea. Most said grade inflation was due to student evaluations – and the role they play in management decisions about staff.

Student evaluations are anonymous questionnaires completed by students after the course about their teachers’ performance. Studies, including those in Australia, have shown the results can be insulting and even abusive, often a “punishment” of unpopular teachers. These studies also question students’ capacity to objectively assess the quality of their educators.

Because students evaluations are commonly used in promotion and retention decisions, this means teachers may inflate grades to get positive evaluations. One respondent to our survey explained the link between these evaluations and grade inflation:

there is a lot of pressure […] as students will often provide strong negative feedback in [student evaluations].

Other academics similarly lamented how the quality of their teaching was assessed “based on student surveys”. Or as another academic told us:

Everyone I know who admits to grade inflation cites student evaluations, promotion, and workload as drivers.

Complaints generate more work

On top of this, if a student complains about their grade, there is automatically more work for an academic who needs to review it and potentially respond to seniors or others in university management. As one academic admitted:

I have inflated grades slightly for students who have failed the course by less than two marks. This saves hundreds of hours of work time.

In this climate, university teachers told us they do not feel supported if a student challenges their grades. They reported it was “very hard” to fail a student and described a “fear” of students’ reactions.

The customer is always right and if they are not happy, you are asked to grade again.

Is it always a problem?

Some respondents justified grade inflation as an acceptable trade-off when done to a limited extent, or as something morally neutral. As one noted, higher grades are the result of more people studying at university:

It is simply a corollary of shifting from tertiary education for the elites to tertiary education for the masses. It is no big deal.

Another said if the increase was small – depending on the context – it would not make a big difference.

1–5 marks do not make a significant difference on professional competence for some course content.

Only three respondents presented grade inflation in a positive light, as an act of social justice or compassion. As one noted:

Students experience many competing demands and many experience mental health issues. Teachers need to be compassionate to students’ situation.

An honest discussion is needed

While countless studies debate grade inflation, ours was the first to invite academics to express their feelings. Despite the relatively small sample, the survey suggests a worrying picture of a frustrated and at times, fearful academic workforce.

Meanwhile, the extent of grade inflation reported raises questions about the quality of some degrees, and more generally about the culture of learning in Australian universities.

To maintain the quality and reputation of higher education in Australia, we need to have an open and honest discussion about grade inflation in our universities.

The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

– ref. ‘The customer is always right’: why some uni teachers give higher grades than students deserve – https://theconversation.com/the-customer-is-always-right-why-some-uni-teachers-give-higher-grades-than-students-deserve-258923

MIL OSI Analysis – EveningReport.nz –

July 7, 2025
MIL-Evening Report: ‘The customer is always right’: why some uni teachers give higher grades than students deserve

Source: The Conversation (Au and NZ) – By Ciprian N. Radavoi, Associate Professor in Law, University of Southern Queensland

Pixels Effect/ Getty Images

Grade inflation happens when teachers knowingly give a student a mark higher than deserved. It can also happen indirectly, when the level of difficulty of a course is deliberately lowered so students achieve higher grades.

The practice threatens to undermine the quality of a university degree and the prestige of higher education.

Is it happening in Australia and if so, why?

To better understand grade inflation, we sought the opinions of those closest to the phenomenon: university teachers. The findings of our survey were recently published in the Journal of Academic Ethics.

Increases in grades

Over the past 50 years, many countries have reported an increase in higher university grades. This includes the United States, United Kingdom, Germany and Australia.

For example, a 2024 Australian report found a 234% increase in the number of distinction grades awarded to students at the University of Sydney between 2011 and 2021.

But are grades improving due to changes in teaching and student performance, or rather is marking generally more lenient to keep students happy?

Our study

To investigate the causes of grade inflation in Australian universities, we surveyed lecturers and tutors who have direct contact with students, teaching them and marking their work.

Our main question was:

[What is] your opinion regarding grade inflation? Does it occur, and if yes, why, and how does it impact the student, profession, institutional reputation, society, and yourself?

In July 2024, we sent the survey to the deans (heads) of research at all Australian universities, asking them to distribute it to their academics. Academics then had two months to answer the questions.

In total, we had 110 respondents, of which 88 answered all the questions of the survey. The majority were aged 31-55 (55%), women (56%), born in Australia (about 70%), with more than five years in academia (more than 80%). There were more respondents from regional Australia (44%) than from urban locations (24.5%). About 30% had experience in both types of locations.

The disciplines most represented were legal studies (37%), education (21%), science, nursing and psychology (each around 7%).

Overall opinions

The majority (73%) said they had seen grade inflation in their universities.

Academics’ dominant feelings about grade inflation were frustration (50% of respondents), powerlessness (44%) and dissatisfaction (31%).

Of those surveyed, about 11% were indifferent and 7% were satisfied with the situation they experienced around grade inflation.

The fact that many academics surveyed felt frustrated and powerlessness indicates they do not inflate grades willingly. Previous studies have suggested university management encourages grade inflation as students are seen as clients and they want to keep the client happy.

Pressure from university administration

Our respondents supported this idea. Most said grade inflation was due to student evaluations – and the role they play in management decisions about staff.

Student evaluations are anonymous questionnaires completed by students after the course about their teachers’ performance. Studies, including those in Australia, have shown the results can be insulting and even abusive, often a “punishment” of unpopular teachers. These studies also question students’ capacity to objectively assess the quality of their educators.

Because students evaluations are commonly used in promotion and retention decisions, this means teachers may inflate grades to get positive evaluations. One respondent to our survey explained the link between these evaluations and grade inflation:

there is a lot of pressure […] as students will often provide strong negative feedback in [student evaluations].

Other academics similarly lamented how the quality of their teaching was assessed “based on student surveys”. Or as another academic told us:

Everyone I know who admits to grade inflation cites student evaluations, promotion, and workload as drivers.

Complaints generate more work

On top of this, if a student complains about their grade, there is automatically more work for an academic who needs to review it and potentially respond to seniors or others in university management. As one academic admitted:

I have inflated grades slightly for students who have failed the course by less than two marks. This saves hundreds of hours of work time.

In this climate, university teachers told us they do not feel supported if a student challenges their grades. They reported it was “very hard” to fail a student and described a “fear” of students’ reactions.

The customer is always right and if they are not happy, you are asked to grade again.

Is it always a problem?

Some respondents justified grade inflation as an acceptable trade-off when done to a limited extent, or as something morally neutral. As one noted, higher grades are the result of more people studying at university:

It is simply a corollary of shifting from tertiary education for the elites to tertiary education for the masses. It is no big deal.

Another said if the increase was small – depending on the context – it would not make a big difference.

1–5 marks do not make a significant difference on professional competence for some course content.

Only three respondents presented grade inflation in a positive light, as an act of social justice or compassion. As one noted:

Students experience many competing demands and many experience mental health issues. Teachers need to be compassionate to students’ situation.

An honest discussion is needed

While countless studies debate grade inflation, ours was the first to invite academics to express their feelings. Despite the relatively small sample, the survey suggests a worrying picture of a frustrated and at times, fearful academic workforce.

Meanwhile, the extent of grade inflation reported raises questions about the quality of some degrees, and more generally about the culture of learning in Australian universities.

To maintain the quality and reputation of higher education in Australia, we need to have an open and honest discussion about grade inflation in our universities.

The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

– ref. ‘The customer is always right’: why some uni teachers give higher grades than students deserve – https://theconversation.com/the-customer-is-always-right-why-some-uni-teachers-give-higher-grades-than-students-deserve-258923

MIL OSI Analysis – EveningReport.nz –

July 7, 2025
MIL-Evening Report: We don’t need deep-sea mining, or its environmental harms. Here’s why

Source: The Conversation (Au and NZ) – By Justin Alger, Associate Professor / Senior Lecturer in Global Environmental Politics, The University of Melbourne

Potato-sized polymetallic nodules from the deep sea could be mined for valuable metals and minerals. Carolyn Cole / Los Angeles Times via Getty Images

Deep-sea mining promises critical minerals for the energy transition without the problems of mining on land. It also promises to bring wealth to developing nations. But the evidence suggests these promises are false, and mining would harm the environment.

The practice involves scooping up rock-like nodules from vast areas of the sea floor. These potato-sized lumps contain metals and minerals such as zinc, manganese, molybdenum, nickel and rare earth elements.

Technology to mine the deep sea exists, but commercial mining of the deep sea is not happening anywhere in the world. That could soon change. Nations are meeting this month in Kingston, Jamaica, to agree to a mining code. Such a code would make way for mining to begin within the next few years.

On Thursday, Australia’s national science agency, CSIRO, released research into the environmental impacts of deep-sea mining. It aims to promote better environmental management of deep-sea mining, should it proceed.

We have previously challenged the rationale for deep-sea mining, drawing on our expertise in international politics and environmental management. We argue mining the deep sea is harmful and the economic benefits have been overstated. What’s more, the metals and minerals to be mined are not scarce.

The best course of action is a ban on international seabed mining, building on the coalition for a moratorium.

The Metals Company spent six months at sea collecting nodules in 2022, while studying the effects on ecosystems.

Managing and monitoring environmental harm

Recent advances in technology have made deep-sea mining more feasible. But removing the nodules – which also requires pumping water around – has been shown to damage the seabed and endanger marine life.

CSIRO has developed the first environmental management and monitoring frameworks to protect deep sea ecosystems from mining. It aims to provide “trusted, science-based tools to evaluate the environmental risks and viability of deep-sea mining”.

Scientists from Griffith University, Museums Victoria, the University of the Sunshine Coast, and Earth Sciences New Zealand were also involved in the work.

The Metals Company Australia, a local subsidiary of the Canadian deep-sea mining exploration company, commissioned the research. It involved analysing data from test mining the company carried out in the Pacific Ocean in 2022.

The company has led efforts to expedite deep-sea mining. This includes pushing for the mining code, and exploring commercial mining of the international seabed through approval from the US government.

In a media briefing this week, CSIRO Senior Principal Research Scientist Piers Dunstan said the mining activity substantially affected the sea floor. Some marine life, especially that attached to the nodules, had very little hope of recovery. He said if mining were to go ahead, monitoring would be crucial.

We are sceptical that ecological impacts can be managed even with this new framework. Little is known about life in these deep-water ecosystems. But research shows nodule mining would cause extensive habitat loss and damage.

Do we really need to open the ocean frontier to mining? We argue the answer is no, on three counts.

How does deep-sea mining work? (The Guardian)

1. Minerals are not scarce

The minerals required for the energy transition are abundant on land. Known global terrestrial reserves of cobalt, copper, manganese, molybdenum and nickel are enough to meet current production levels for decades – even with growing demand.

There is no compelling reason to extract deep-sea minerals, given the economics of both deep-sea and land-based mining. Deep-sea mining is speculative and inevitably too expensive given such remote, deep operations.

Claims about mineral scarcity are being used to justify attempting to legitimise a new extractive frontier in the deep sea. Opportunistic investors can make money through speculation and attracting government subsidies.

2. Mining at sea will not replace mining on land

Proponents claim deep-sea mining can replace some mining on land. Mining on land has led to social issues including infringing on indigenous and community rights. It also damages the environment.

But deep-sea mining will not necessarily displace, replace or change mining on land. Land-based mining contracts span decades and the companies involved will not abandon ongoing or planned projects. Their activities will continue, even if deep-sea mining begins.

Deep-sea mining also faces many of the same challenges as mining on land, while introducing new problems. The social problems that arise during transport, processing and distribution remain the same.

And sea-based industries are already rife with modern slavery and labour violations, partly because they are notoriously difficult to monitor.

Deep-sea mining does not solve social problems with land-based mining, and adds more challenges.

Hidden Gem was the world’s first deep-sea mineral production vessel with seabed-to-surface nodule collection and transport systems.
Photo by Charles M. Vella/SOPA Images/LightRocket via Getty Images

3. Common heritage of humankind and the Global South

Under the United Nations Convention on the Law of the Sea, the international seabed is the common heritage of humankind. This means the proceeds of deep-sea mining should be distributed fairly among all countries.

Deep-sea mining commercial partnerships between developing countries in the Global South and firms from the North have yet to pay off for the former. There is little indication this pattern will change.

For example, when Canadian company Nautilus went bankrupt in 2019, it saddled Papua New Guinea with millions in debt from a failed domestic deep-sea mining venture.

The Metals Company has partnerships with Nauru and Tonga but the latest deal with the US creates uncertainty about whether their agreements will be honoured.

European investors took control of Blue Minerals Jamaica, originally a Jamaican-owned company, shortly after orchestrating its start up. Any profits would therefore go offshore.

Australian Gerard Barron is Chairman and CEO of The Metals Company, formerly DeepGreen.
Carolyn Cole / Los Angeles Times via Getty Images

A wise investment?

It is unclear whether deep-sea mining will ever be a good investment.

Multiple large corporate investors have pulled out of the industry, or gone bankrupt. And The Metals Company has received delisting notices from the Nasdaq stock exchange due to poor financial performance.

Given the threat of environmental harm, the evidence suggests deep-sea mining is not worth the risk.

Justin Alger receives funding from the Social Sciences and Humanities Research Council of Canada.

D.G. Webster receives funding from the National Science Foundation in the United States and various internal funding sources at Dartmouth University.

Jessica Green receives funding from the Social Sciences and Humanities Research Council of Canada.

Kate J Neville receives funding from the Social Sciences and Humanities Research Council of Canada.

Stacy D VanDeveer and Susan M Park do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

– ref. We don’t need deep-sea mining, or its environmental harms. Here’s why – https://theconversation.com/we-dont-need-deep-sea-mining-or-its-environmental-harms-heres-why-260401

MIL OSI Analysis – EveningReport.nz –

July 7, 2025
MIL-Evening Report: We don’t need deep-sea mining, or its environmental harms. Here’s why

Source: The Conversation (Au and NZ) – By Justin Alger, Associate Professor / Senior Lecturer in Global Environmental Politics, The University of Melbourne

Potato-sized polymetallic nodules from the deep sea could be mined for valuable metals and minerals. Carolyn Cole / Los Angeles Times via Getty Images

Deep-sea mining promises critical minerals for the energy transition without the problems of mining on land. It also promises to bring wealth to developing nations. But the evidence suggests these promises are false, and mining would harm the environment.

The practice involves scooping up rock-like nodules from vast areas of the sea floor. These potato-sized lumps contain metals and minerals such as zinc, manganese, molybdenum, nickel and rare earth elements.

Technology to mine the deep sea exists, but commercial mining of the deep sea is not happening anywhere in the world. That could soon change. Nations are meeting this month in Kingston, Jamaica, to agree to a mining code. Such a code would make way for mining to begin within the next few years.

On Thursday, Australia’s national science agency, CSIRO, released research into the environmental impacts of deep-sea mining. It aims to promote better environmental management of deep-sea mining, should it proceed.

We have previously challenged the rationale for deep-sea mining, drawing on our expertise in international politics and environmental management. We argue mining the deep sea is harmful and the economic benefits have been overstated. What’s more, the metals and minerals to be mined are not scarce.

The best course of action is a ban on international seabed mining, building on the coalition for a moratorium.

The Metals Company spent six months at sea collecting nodules in 2022, while studying the effects on ecosystems.

Managing and monitoring environmental harm

Recent advances in technology have made deep-sea mining more feasible. But removing the nodules – which also requires pumping water around – has been shown to damage the seabed and endanger marine life.

CSIRO has developed the first environmental management and monitoring frameworks to protect deep sea ecosystems from mining. It aims to provide “trusted, science-based tools to evaluate the environmental risks and viability of deep-sea mining”.

Scientists from Griffith University, Museums Victoria, the University of the Sunshine Coast, and Earth Sciences New Zealand were also involved in the work.

The Metals Company Australia, a local subsidiary of the Canadian deep-sea mining exploration company, commissioned the research. It involved analysing data from test mining the company carried out in the Pacific Ocean in 2022.

The company has led efforts to expedite deep-sea mining. This includes pushing for the mining code, and exploring commercial mining of the international seabed through approval from the US government.

In a media briefing this week, CSIRO Senior Principal Research Scientist Piers Dunstan said the mining activity substantially affected the sea floor. Some marine life, especially that attached to the nodules, had very little hope of recovery. He said if mining were to go ahead, monitoring would be crucial.

We are sceptical that ecological impacts can be managed even with this new framework. Little is known about life in these deep-water ecosystems. But research shows nodule mining would cause extensive habitat loss and damage.

Do we really need to open the ocean frontier to mining? We argue the answer is no, on three counts.

How does deep-sea mining work? (The Guardian)

1. Minerals are not scarce

The minerals required for the energy transition are abundant on land. Known global terrestrial reserves of cobalt, copper, manganese, molybdenum and nickel are enough to meet current production levels for decades – even with growing demand.

There is no compelling reason to extract deep-sea minerals, given the economics of both deep-sea and land-based mining. Deep-sea mining is speculative and inevitably too expensive given such remote, deep operations.

Claims about mineral scarcity are being used to justify attempting to legitimise a new extractive frontier in the deep sea. Opportunistic investors can make money through speculation and attracting government subsidies.

2. Mining at sea will not replace mining on land

Proponents claim deep-sea mining can replace some mining on land. Mining on land has led to social issues including infringing on indigenous and community rights. It also damages the environment.

But deep-sea mining will not necessarily displace, replace or change mining on land. Land-based mining contracts span decades and the companies involved will not abandon ongoing or planned projects. Their activities will continue, even if deep-sea mining begins.

Deep-sea mining also faces many of the same challenges as mining on land, while introducing new problems. The social problems that arise during transport, processing and distribution remain the same.

And sea-based industries are already rife with modern slavery and labour violations, partly because they are notoriously difficult to monitor.

Deep-sea mining does not solve social problems with land-based mining, and adds more challenges.

Hidden Gem was the world’s first deep-sea mineral production vessel with seabed-to-surface nodule collection and transport systems.
Photo by Charles M. Vella/SOPA Images/LightRocket via Getty Images

3. Common heritage of humankind and the Global South

Under the United Nations Convention on the Law of the Sea, the international seabed is the common heritage of humankind. This means the proceeds of deep-sea mining should be distributed fairly among all countries.

Deep-sea mining commercial partnerships between developing countries in the Global South and firms from the North have yet to pay off for the former. There is little indication this pattern will change.

For example, when Canadian company Nautilus went bankrupt in 2019, it saddled Papua New Guinea with millions in debt from a failed domestic deep-sea mining venture.

The Metals Company has partnerships with Nauru and Tonga but the latest deal with the US creates uncertainty about whether their agreements will be honoured.

European investors took control of Blue Minerals Jamaica, originally a Jamaican-owned company, shortly after orchestrating its start up. Any profits would therefore go offshore.

Australian Gerard Barron is Chairman and CEO of The Metals Company, formerly DeepGreen.
Carolyn Cole / Los Angeles Times via Getty Images

A wise investment?

It is unclear whether deep-sea mining will ever be a good investment.

Multiple large corporate investors have pulled out of the industry, or gone bankrupt. And The Metals Company has received delisting notices from the Nasdaq stock exchange due to poor financial performance.

Given the threat of environmental harm, the evidence suggests deep-sea mining is not worth the risk.

Justin Alger receives funding from the Social Sciences and Humanities Research Council of Canada.

D.G. Webster receives funding from the National Science Foundation in the United States and various internal funding sources at Dartmouth University.

Jessica Green receives funding from the Social Sciences and Humanities Research Council of Canada.

Kate J Neville receives funding from the Social Sciences and Humanities Research Council of Canada.

Stacy D VanDeveer and Susan M Park do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

– ref. We don’t need deep-sea mining, or its environmental harms. Here’s why – https://theconversation.com/we-dont-need-deep-sea-mining-or-its-environmental-harms-heres-why-260401

MIL OSI Analysis – EveningReport.nz –

July 7, 2025
MIL-OSI Economics: New Development Bank’s Board of Governors Convened its 10th Annual Meeting in Rio de Janeiro

Source: New Development Bank

On July 5, 2025, the Board of Governors (Board, BoG) of the New Development Bank (NDB) convened the Business Session of its Tenth Annual Meeting in Rio de Janeiro, Brazil, under the theme of “Driving Development: Fostering Innovation, Cooperation, and Impact through a Multilateral Development Bank for the Global South”.

The BoG Meeting was chaired by H.E. Mr. Fernando Haddad, the Minister of Finance of the Federative Republic of Brazil and the NDB Governor for Brazil.

The Board welcomed the achievements of NDB in the past year and provided guidance in steering the New Development Bank towards a path of sustainable growth in the future at the juncture of its Ten-year Anniversary.

The Board of Governors officially admitted Colombia and Uzbekistan as borrowing members of the New Development Bank.

The Board of Governors discussed the General Strategy of the Bank and its implementation and provided guidance thereon.

The Board of Governors adopted its resolution on appointment of incoming Vice-President of the New Development Bank. Mr. Roman Serov was appointed as Vice-President of NDB from September 7, 2025, to September 6, 2030.

The Board elected H.E. Mr. Anton Siluanov, the Minister of Finance of the Russian Federation and the NDB Governor for Russia as the next Chairperson of the Board of Governors. H.E. Mrs. Nirmala Sitharaman, the Minister of Finance of the Republic of India and the NDB Governor for India was elected as the next Vice-Chairperson of the Board of Governors. It was agreed that they would hold their respective offices until the end of the Eleventh Annual Meeting of the Board of Governors in 2026.

The Board of Governors decided that Russia will host the Eleventh Annual Meeting of the New Development Bank in 2026.

H.E. Mr. Anton Siluanov, the Minister of Finance of the Russian Federation and the NDB Governor for Russia; H.E. Mrs. Nirmala Sitharaman, the Minister of Finance of the Republic of India and the NDB Governor for India; H.E. Mr. LAN Fo’an, the Minister of Finance of the People’s Republic of China and the NDB Governor for China; Dr. David Masondo, Deputy Minister of Finance of the Republic of South Africa and the NDB Alternate Governor for South Africa; Mr. Md. Shahriar Kader Siddiky, Secretary, Economic Relations Division, Ministry of Finance of the People’s Republic of Bangladesh and the NDB Alternate Governor for Bangladesh; Mr. Mr. Mohamed Bin Hadi Al Hussaini, Minister of State for Financial Affairs and the NDB Governor for the United Arab Emirates; Mr. Atter Hannoura, Director of the PPP Central Unit, Ministry of Finance of Egypt of the Arab Republic of Egypt and the NDB Temporary Alternate Governor for Egypt, participated in the Meeting.

Background Information

New Development Bank was established by Brazil, Russia, India, China and South Africa to mobilize resources for infrastructure and sustainable development projects in BRICS and other emerging market economies and developing countries, complementing the existing efforts of multilateral and regional financial institutions for global growth and development.

For more information on NDB, please visit www.ndb.int.

MIL OSI Economics –

July 7, 2025
MIL-OSI: Lightchain AI Announces Final Presale Round After Securing $21 Million in Early Support

Source: GlobeNewswire (MIL-OSI)

SHREWSBURY, United Kingdom, July 06, 2025 (GLOBE NEWSWIRE) — Lightchain AI, a next-generation Layer 1 blockchain platform purpose-built for decentralized artificial intelligence, has officially launched its Bonus Round after completing all 15 presale stages and raising more than $21 million in early contributions. This new phase offers fixed pricing at $0.007125 and is the final opportunity for supporters to gain early access ahead of the project’s mainnet launch, scheduled for July 2025.

The successful conclusion of the presale demonstrates strong market interest and community confidence in Lightchain AI’s long-term vision. Central to this vision is the integration of artificial intelligence into blockchain infrastructure through the Artificial Intelligence Virtual Machine (AIVM) and the project’s proprietary Proof-of-Intelligence consensus mechanism. These innovations are designed to enable secure, low-latency AI execution within a fully decentralized ecosystem.

“With over $21 million raised and widespread developer engagement, Lightchain AI is entering a critical growth phase that positions it for real-world adoption and scalable use,” said a spokesperson from the Lightchain team.

The Bonus Round is backed by several ecosystem advancements already underway. Public GitHub repositories will be available at mainnet launch, providing transparency and encouraging open-source development. Additionally, the platform has introduced a $150,000 grant pool to support builders and innovators contributing to Lightchain’s evolving ecosystem.

Key presale design elements—such as the complete reallocation of the original 5% Team Allocation to developer grants and protocol incentives—underscore the platform’s community-first approach. Combined with transparent governance, active validator onboarding, and developer tools like APIs and SDKs, Lightchain AI is actively cultivating a sustainable, growth-oriented network.

This phase also introduces Lightchain’s Meme Launchpad, a creative toolkit designed to help developers and content creators build and deploy Web3-native applications in an AI-enhanced environment. The platform’s architecture features dynamic gas optimization and horizontal sharding to enable performance at scale, particularly for computation-heavy workloads.

Looking ahead, the Lightchain AI team is focused on expanding DeFi integrations and onboarding decentralized validator and contributor nodes in preparation for mainnet activation. These steps align with the project’s broader mission: to accelerate decentralized AI adoption while maintaining network transparency, security, and community ownership.

Interested participants can join the Bonus Round and access Lightchain AI resources via the official website and community channels.

Learn more:
https://lightchain.ai
Whitepaper
Twitter/X
Telegram

Contact:
SHAJAN SKARIA
media@lightchain.ai

Disclaimer: This content is provided by Lightchain AI. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.Globenewswire does not endorse any content on this page.

Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/05eb1112-b0b1-4956-a579-409f6ab0e601

The MIL Network –

July 7, 2025

MIL-OSI: hashj cloud mining Debuts the “Turbo-Yield Dual-Engine Cloud Lane” to Power Ahead of 2025’s SOL and XRP Surge

Source: GlobeNewswire (MIL-OSI)

Washington, DC, July 06, 2025 (GLOBE NEWSWIRE) — Research firm CryptoVision projects Solana (SOL) to revisit US $200-$220 and XRP to reclaim US $1.50-$1.80 before year-end. While most retail traders chase those targets with spot buys, MGPD Finance Limited, doing business as hashj cloud mining offers a smarter path: its new Turbo-Yield Dual-Engine Cloud Lane mines both assets in real time, turning price forecasts into compounding daily income. Every new registrant receives an $18 welcome credit plus $100 of free hash power—no hardware, no configuration, instant earnings.

1 | Why Pair SOL with XRP for 2025?

Token	2025 Price Forecast*	Catalysts	Yield Angle
Solana (SOL)	$200–$220 (~+70 % vs. Q2 average)	DePIN boom, GameFi launches, RWA tokenization; network still clears 65 k+ TPS	Sub-penny fees & instant finality—perfect for rapid staking loops and fast compounding
XRP	$1.50–$1.80 (~+90 % vs. Q2 average)	U.S. policy clarity; Tier-1 banks trialling on-chain settlement	≈3-second confirmations and near-zero gas enable ultra-liquid daily payouts

Estimates aggregated from the June 2025 outlooks published by CryptoVision, BlockSignals, and Galaxy Charts.
Trend Pulse: Over the last 90 days, Google Trends shows “Solana price prediction” searches up 260 %, while “XRP yield” jumped 190%.

2 | How hashj cloud mining Converts Forecasts into Daily Cash Flow

While most investors wait for prices to rise, hashj cloud mining turns projections into action—by auto-routing hash power to high-yield nodes, it transforms SOL and XRP forecasts into real-time, compounding income.

Turbo Feature	Real-World Benefit
AI Dual-Engine Scheduler	Millisecond routing of hash power to the top-earning SOL validators and XRP consensus nodes
100 % Renewable Backbone	Hydro & solar farms cut carbon output by 80 %, hitting every ESG checkpoint
T+0 Daily Payouts	SOL staking and XRP mining rewards settle every 24 h—withdraw or reinvest in one tap
One-Tap DeFi Booster	Auto-swap daily SOL/XRP into stablecoins, then farm partner liquidity pools for +15 % APY
Double Starter Gift	$18 sign-up bonus + $100 trial hash power—earn first, deposit later

3 | Three-Step On-Ramp

Register at hashj.com—the $18 + $100 credits land instantly.
Select “Turbo-Yield Dual-Engine Cloud Lane,” press Start, and activate SOL & XRP earnings in < 30 seconds.
Monitor & compound: track daily profits, enable the DeFi Booster, or withdraw—your strategy, your pace.

4 | Key Metrics & 2025 Roadmap

9.3 million+ active users
Presence in 96 countries
8 000 TH/s+ aggregated hash power
99.99 % node uptime across five continents
Scheduled for Q4 2025: debut of a Solana liquid-staking vault along with plug-and-play deposits through an XRP payment gateway.

About MGPD Finance Limited (doing business as hashj cloud mining)

hashj cloud mining blends AI-driven hash-power allocation with renewable-energy data centers to deliver multi-chain cloud yields—including SOL, XRP, BTC, ETH, DOGE, LTC and more—making institutional-grade returns as easy as tapping a phone.

Grab your $18 bonus + $100 hash-power gift now and ride the SOL $200 / XRP $1.80 wave: https://www.hashj.com

The MIL Network –

July 7, 2025

MIL-OSI: PBK Miner Launches New Short-Term Crypto Mining Contracts for Passive Income Seekers
Source: GlobeNewswire (MIL-OSI)

LONDON, UNITED KINGDOM, July 06, 2025 (GLOBE NEWSWIRE) — PBK Miner, a trusted name in cloud-based cryptocurrency mining, has officially launched a suite of short-term mining contracts designed to help everyday users earn passive income without upfront technical complexity or hardware investment. With a global user base of over 8.5 million and operations across 183 countries, PBK Miner is rapidly expanding access to simple, secure, and sustainable crypto mining.

The new contracts are aimed at giving users faster returns with low entry costs, making the platform more inclusive for both newcomers and experienced investors. With contracts starting from as low as $10, users can now mine popular cryptocurrencies like BTC, XRP, ETH, DOGE, and USDT over flexible terms ranging from 1 to 50 days.

What Makes PBK Miner Stand Out
1. Short-Term Mining Contracts
  PBK Miner’s latest offering allows users to earn daily income with fixed returns and full principal payout at contract maturity. These new plans include a variety of durations and investment levels, including:
- $100 XRP Plan – 2 Days – Earn $3.50 daily
- $1,000 XRP Plan – 10 Days – Earn $13.50 daily
- $5,000 XRP Plan – 30 Days – Earn $77.50 daily
- $10,000 XRP Plan – 45 Days – Earn $165 daily
All mining contracts are backed by real-time data from the platform’s infrastructure and optimized through AI for consistent profitability.
1. Generous Referral Bonuses
  PBK Miner offers a multi-level referral program where users earn commissions from inviting others. Referrers receive a 5% bonus on the investment amount of each new user, along with additional rewards as their referral network grows. It’s a meaningful way to increase earnings while promoting the platform within your community.
2. Secure and Green Infrastructure
  User assets are protected through Cloudflare and McAfee-secured infrastructure, and all mining operations are powered by renewable energy, aligning with the platform’s eco-conscious mission. PBK Miner operates globally via high-performance data centers with 99.9% uptime.
3. Free Daily Mining Trial
  Every new user receives a $10 daily trial contract that earns $0.60 per day — no deposit needed. It’s a zero-risk opportunity to test the platform’s mining capabilities before committing to larger investments.
Who Should Use PBK Miner?

PBK Miner is ideal for:
- Beginners seeking passive income without technical know-how
- Crypto investors looking for stable, short-term returns
- Global users in need of mobile-friendly and multilingual platforms
- Environmentally conscious individuals who value sustainable mining
- Anyone interested in earning with referrals and zero hidden fees
How to Get Started
1. Visit pbkminer.com
2. Create an account — takes less than a minute
3. Activate a free trial or choose a mining contract
4. Start earning daily returns and referral bonuses
About PBK Miner

Founded in 2019, PBK Miner is a leading cloud mining platform committed to transparency, sustainability, and user empowerment. Serving millions of users worldwide, the company continues to innovate in decentralized finance by offering easy access to mining for all, without the cost or complexity of traditional mining setups.

For media inquiries, contact:

Alison Evans
PBK Miner
info@pbkminer.com

Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or trading recommendations. Cryptocurrency mining and staking involve risks and the possibility of losing funds. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor.

The MIL Network –
July 7, 2025
MIL-OSI Submissions: Rural hospitals will be hit hard by Trump’s signature spending package

Source: The Conversation – USA (3) – By Lauren S. Hughes, State Policy Director, Farley Health Policy Center; Associate Professor of Family Medicine, University of Colorado Anschutz Medical Campus

Health policy experts predict that cuts to Medicaid will push more rural hospitals to close. sneakpeekpic via iStock / Getty Images Plus

The public health provisions in the massive spending package that President Donald Trump signed into law on July 4, 2025, will reduce Medicaid spending by more than US$1 trillion over a decade and result in an estimated 11.8 million people losing health insurance coverage.

As researchers studying rural health and health policy, we anticipate that these reductions in Medicaid spending, along with changes to the Affordable Care Act, will disproportionately affect the 66 million people living in rural America – nearly 1 in 5 Americans.

People who live in rural areas are more likely to have health insurance through Medicaid and are at greater risk of losing that coverage. We expect that the changes brought about by this new law will lead to a rise in unpaid care that hospitals will have to provide. As a result, small, local hospitals will have to make tough decisions that include changing or eliminating services, laying off staff and delaying the purchase of new equipment. Many rural hospitals will have to reduce their services or possibly close their doors altogether.

Hits to rural health

The budget legislation’s biggest effect on rural America comes from changes to the Medicaid program, which represent the largest federal rollback of health insurance coverage in the U.S. to date.

First, the legislation changes how states can finance their share of the Medicaid program by restricting where funds states use to support their Medicaid programs can come from. This bill limits how states can tax and charge fees to hospitals, managed care organizations and other health care providers, and how they can use such taxes and fees in the future to pay higher rates to providers under Medicaid. These limitations will reduce payments to rural hospitals that depend upon Medicaid to keep their doors open.

Rural hospitals play a crucial role in health care access.

Second, by 2027, states must institute work requirements that demand most Medicaid enrollees work 80 hours per month or be in school at least half time. Arkansas’ brief experiment with work requirements in 2018 demonstrates that rather than boost employment, the policy increases bureaucracy, hindering access to health care benefits for eligible people. States will also now be required to verify Medicaid eligibility every six months versus annually. That change also increases the risk people will lose coverage due to extra red tape.

The Congressional Budget Office estimates that work requirements instituted through this legislative package will result in nearly 5 million people losing Medicaid coverage. This will decrease the number of paying patients at rural hospitals and increase the unpaid care hospitals must provide, further damaging their ability to stay open.

Additionally, the bill changes how people qualify for the premium tax credits within the Affordable Care Act Marketplace. The Congressional Budget Office estimates that this change, along with other changes to the ACA such as fewer and shorter enrollment periods and additional requirements for documenting income, will reduce the number of people insured through the ACA Marketplace by about 3 million by 2034. Premium tax credits were expanded during the COVID-19 pandemic, helping millions of Americans obtain coverage who previously struggled to do so. This bill lets these expanded tax credits expire, which with may result in an additional 4.2 million people becoming uninsured.

An insufficient stop-gap

Senators from both sides of the aisle have voiced concerns about the legislative package’s potential effects on the financial stability of rural hospitals and frontier hospitals, which are facilities located in remote areas with fewer than six people per square mile. As a result, the Senate voted to set aside $50 billion over the next five years for a newly created Rural Health Transformation Program.

These funds are to be allocated in two ways. Half will be directly distributed equally to states that submit an application that includes a rural health transformation plan detailing how rural hospitals will improve the delivery and quality of health care. The remainder will be distributed to states in varying amounts through a process that is currently unknown.

While additional funding to support rural health facilities is welcome, how it is distributed and how much is available will be critical. Estimates suggest that rural areas will see a reduction of $155 billion in federal spending over 10 years, with much of that concentrated in 12 states that expanded Medicaid under the Affordable Care Act and have large proportions of rural residents.

That means $50 billion is not enough to offset cuts to Medicaid and other programs that will reduce funds flowing to rural health facilities.

Americans living in rural areas are more likely to be insured through Medicaid than their urban counterparts.
Halfpoint Images/Moment via Getty Images

Accelerating hospital closures

Rural and frontier hospitals have long faced hardship because of their aging infrastructure, older and sicker patient populations, geographic isolation and greater financial and regulatory burdens. Since 2010, 153 rural hospitals have closed their doors permanently or ceased providing inpatient services. This trend is particularly acute in states that have chosen not to expand Medicaid via the Affordable Care Act, many of which have larger percentages of their residents living in rural areas.

According to an analysis by University of North Carolina researchers, as of June 2025 338 hospitals are at risk of reducing vital services, such as skilled nursing facilities; converting to an alternative type of health care facility, such as a rural emergency hospital; or closing altogether.

Maternity care is especially at risk.

Currently more than half of rural hospitals no longer deliver babies. Rural facilities serve fewer patients than those in more densely populated areas. They also have high fixed costs, and because they serve a high percentage of Medicaid patients, they rely on payments from Medicaid, which tends to pay lower rates than commercial insurance. Because of these pressures, these units will continue to close, forcing women to travel farther to give birth, to deliver before going full term and to deliver outside of traditional hospital settings.

And because hospitals in rural areas serve relatively small populations, they lack negotiating power to obtain fair and adequate payment from private health insurers and affordable equipment and supplies from medical companies. Recruiting and retaining needed physicians and other health care workers is expensive, and acquiring capital to renovate, expand or build new facilities is increasingly out of reach.

Finally, given that rural residents are more likely to have Medicaid than their urban counterparts, the legislation’s cuts to Medicaid will disproportionately reduce the rate at which rural providers and health facilities are paid by Medicaid for services they offer. With many rural hospitals already teetering on closure, this will place already financially fragile hospitals on an accelerated path toward demise.

Far-reaching effects

Rural hospitals are not just sources of local health care. They are also vital economic engines.

Hospital closures result in the loss of local access to health care, causing residents to choose between traveling longer distances to see a doctor or forgoing the services they need.

But hospitals in these regions are also major employers that often pay some of the highest wages in their communities. Their closure can drive a decline in the local tax base, limiting funding available for services such as roads and public schools and making it more difficult to attract and retain businesses that small towns depend on. Declines in rural health care undermine local economies.

Furthermore, the country as a whole relies on rural America for the production of food, fuel and other natural resources. In our view, further weakening rural hospitals may affect not just local economies but the health of the whole U.S. economy.

Lauren S. Hughes has received funding for rural health projects from the Sunflower Foundation, The Colorado Health Foundation, the University of Colorado School of Medicine Rural Program Office, the Caring for Colorado Foundation, and the Zoma Foundation. She currently serves as chair of the Rural Health Redesign Center Organization Board of Directors and is a member of the Rural Primary Care Advisory Council with the Weitzman Institute.

Kevin J. Bennett receives funding from the National Institutes of Health, the Centers for Disease Control & Prevention, the Health Resources and Services Administration and the state of South Carolina. He is currently on the Board of Trustees of the National Rural Health Association as immediate past president.

– ref. Rural hospitals will be hit hard by Trump’s signature spending package – https://theconversation.com/rural-hospitals-will-be-hit-hard-by-trumps-signature-spending-package-260164

MIL OSI –

July 7, 2025
MIL-OSI: Green Crypto Revolution: Ripplecoin Mining Unveils Global AI-Powered Sustainable Cloud Mining with Free Trial
Source: GlobeNewswire (MIL-OSI)

Los Angeles, California, July 06, 2025 (GLOBE NEWSWIRE) — Ripplecoin Mining today announced the global launch of its innovative free cloud mining mechanism, offering a zero-threshold trial designed to empower users with remote cryptocurrency mining and passive income opportunities. This groundbreaking solution is set to transform industry growth, making cryptocurrency earnings more accessible and sustainable for individuals in the dynamic digital asset space.

Addressing escalating global demand for eco-conscious and efficient crypto solutions, Ripplecoin Mining seamlessly integrates AI intelligent algorithms and operates through state-of-the-art green energy data centers. The platform ensures precise on-demand scheduling and robust support for mainstream cryptocurrencies like BTC, ETH, DOGE, and XRP, making high-return, ethical cloud mining a reality for both seasoned enthusiasts and new entrants.

For too long, crypto mining’s promise remained largely unattainable for the average investor due to prohibitive equipment costs, complex operations, and market volatility. Ripplecoin Mining charts a new course by profoundly lowering the entry barrier, making digital asset participation genuinely more inviting and unlocking this lucrative roadmap for a broader demographic.

“We are unequivocally championing the ‘right to participate’,” asserted Anne Watson, Director of the Ripplecoin Mining platform. “Users are entitled to the autonomy to verify the trustworthiness of a system at the absolute lowest cost, empowering informed decisions about deeper engagement”. She added that Ripplecoin Mining’s strategic objective is cultivating a resilient, enduring ecosystem founded on transparent experience, unwavering technical trust, and fundamental user choice.

At the nexus of Ripplecoin Mining’s offering lies a sophisticated technological architecture meticulously engineered to dismantle the conventional “mining machine + code threshold”. During the trial, computational power emanates directly from green energy data centers strategically deployed globally by Ripplecoin Mining. These cutting-edge centers harness AI intelligent algorithms for fluid, on-demand scheduling, transforming every user interaction into a real-time engagement with the global blockchain computing network.

Currently, the platform supports BTC, DOGE, ETH, and XRP mining operations. Users benefit from unparalleled flexibility in selecting payment methods aligned with individual asset configurations, without cross-chain complexities. Additionally, Ripplecoin Mining cultivates a vibrant community through a distinctive recommendation mechanism, offering incentives and transforming personal influence into continuously appreciating passive value. This once-exclusive “mining game” now embraces every ordinary user.

Seamless Entry: Begin Your Sustainable Crypto Journey

Ripplecoin Mining’s intuitively designed platform makes eco-conscious cloud mining remarkably straightforward, achievable in just a few streamlined steps:
- Register: Sign up effortlessly on the official Ripplecoin Mining website and instantly receive a $15 welcome bonus to commence mining activities.
- Choose a Plan: Select a flexible mining contract that perfectly aligns with your individual budget and long-term financial aspirations.
- Start Mining: Experience unparalleled convenience as Ripplecoin Mining’s secure, advanced green energy data centers diligently serve your mining needs 24/7.
- Earn Daily Income: Begin enjoying a consistent daily income derived from a diverse and robust portfolio of top cryptocurrencies, including BTC, ETH, DOGE, XRP, SOL, and many others.
For ultimate convenience and real-time operational oversight, users are also encouraged to download the official Ripplecoin Mining mobile app (conveniently available for both Apple and Android devices) to effortlessly track all mining activities, efficiently manage contracts, and receive instant, real-time updates on the go.

Pioneering a New Standard of Trust and Expansion

This “free cloud mining” mechanism introduced by Ripplecoin Mining transcends the conventional notion of a mere trial; in the discerning eyes of industry observers, it signifies a deliberate and strategic test for the future evolution of industry pricing models. Rather than aggressively championing high-yield promises, Ripplecoin Mining has made a conscious and commendable choice to prioritize “experience transparency” as the foundational currency for cultivating profound and enduring “user trust”.

About Ripplecoin Mining:

Ripplecoin Mining is a pioneering force dedicated to delivering unparalleled convenient and secure cryptocurrency mining solutions. The company is resolutely committed to democratizing access to passive cryptocurrency income through its highly innovative mobile platform.

Official website address: https://ripplecoinmining.com

App download portal: https://ripplecoinmining.com/xml/index.html#/app

Media contact: Anne Watson, Director

Official email: info@ripplecoinmining.com

Disclaimer: The content of this press release does not constitute any form of investment advice, trading advice or financial commitment. There are risks in the cryptocurrency market. Cloud mining participants need to carefully evaluate the potential results based on their actual situation. It is recommended to consult a professional financial advisor in advance.

Attachment
- Ripplecoin-mining
The MIL Network –
July 7, 2025
MIL-OSI: Green Crypto Revolution: Ripplecoin Mining Unveils Global AI-Powered Sustainable Cloud Mining with Free Trial
Source: GlobeNewswire (MIL-OSI)

Los Angeles, California, July 06, 2025 (GLOBE NEWSWIRE) — Ripplecoin Mining today announced the global launch of its innovative free cloud mining mechanism, offering a zero-threshold trial designed to empower users with remote cryptocurrency mining and passive income opportunities. This groundbreaking solution is set to transform industry growth, making cryptocurrency earnings more accessible and sustainable for individuals in the dynamic digital asset space.

Addressing escalating global demand for eco-conscious and efficient crypto solutions, Ripplecoin Mining seamlessly integrates AI intelligent algorithms and operates through state-of-the-art green energy data centers. The platform ensures precise on-demand scheduling and robust support for mainstream cryptocurrencies like BTC, ETH, DOGE, and XRP, making high-return, ethical cloud mining a reality for both seasoned enthusiasts and new entrants.

For too long, crypto mining’s promise remained largely unattainable for the average investor due to prohibitive equipment costs, complex operations, and market volatility. Ripplecoin Mining charts a new course by profoundly lowering the entry barrier, making digital asset participation genuinely more inviting and unlocking this lucrative roadmap for a broader demographic.

“We are unequivocally championing the ‘right to participate’,” asserted Anne Watson, Director of the Ripplecoin Mining platform. “Users are entitled to the autonomy to verify the trustworthiness of a system at the absolute lowest cost, empowering informed decisions about deeper engagement”. She added that Ripplecoin Mining’s strategic objective is cultivating a resilient, enduring ecosystem founded on transparent experience, unwavering technical trust, and fundamental user choice.

At the nexus of Ripplecoin Mining’s offering lies a sophisticated technological architecture meticulously engineered to dismantle the conventional “mining machine + code threshold”. During the trial, computational power emanates directly from green energy data centers strategically deployed globally by Ripplecoin Mining. These cutting-edge centers harness AI intelligent algorithms for fluid, on-demand scheduling, transforming every user interaction into a real-time engagement with the global blockchain computing network.

Currently, the platform supports BTC, DOGE, ETH, and XRP mining operations. Users benefit from unparalleled flexibility in selecting payment methods aligned with individual asset configurations, without cross-chain complexities. Additionally, Ripplecoin Mining cultivates a vibrant community through a distinctive recommendation mechanism, offering incentives and transforming personal influence into continuously appreciating passive value. This once-exclusive “mining game” now embraces every ordinary user.

Seamless Entry: Begin Your Sustainable Crypto Journey

Ripplecoin Mining’s intuitively designed platform makes eco-conscious cloud mining remarkably straightforward, achievable in just a few streamlined steps:
- Register: Sign up effortlessly on the official Ripplecoin Mining website and instantly receive a $15 welcome bonus to commence mining activities.
- Choose a Plan: Select a flexible mining contract that perfectly aligns with your individual budget and long-term financial aspirations.
- Start Mining: Experience unparalleled convenience as Ripplecoin Mining’s secure, advanced green energy data centers diligently serve your mining needs 24/7.
- Earn Daily Income: Begin enjoying a consistent daily income derived from a diverse and robust portfolio of top cryptocurrencies, including BTC, ETH, DOGE, XRP, SOL, and many others.
For ultimate convenience and real-time operational oversight, users are also encouraged to download the official Ripplecoin Mining mobile app (conveniently available for both Apple and Android devices) to effortlessly track all mining activities, efficiently manage contracts, and receive instant, real-time updates on the go.

Pioneering a New Standard of Trust and Expansion

This “free cloud mining” mechanism introduced by Ripplecoin Mining transcends the conventional notion of a mere trial; in the discerning eyes of industry observers, it signifies a deliberate and strategic test for the future evolution of industry pricing models. Rather than aggressively championing high-yield promises, Ripplecoin Mining has made a conscious and commendable choice to prioritize “experience transparency” as the foundational currency for cultivating profound and enduring “user trust”.

About Ripplecoin Mining:

Ripplecoin Mining is a pioneering force dedicated to delivering unparalleled convenient and secure cryptocurrency mining solutions. The company is resolutely committed to democratizing access to passive cryptocurrency income through its highly innovative mobile platform.

Official website address: https://ripplecoinmining.com

App download portal: https://ripplecoinmining.com/xml/index.html#/app

Media contact: Anne Watson, Director

Official email: info@ripplecoinmining.com

Disclaimer: The content of this press release does not constitute any form of investment advice, trading advice or financial commitment. There are risks in the cryptocurrency market. Cloud mining participants need to carefully evaluate the potential results based on their actual situation. It is recommended to consult a professional financial advisor in advance.

Attachment
- Ripplecoin-mining
The MIL Network –
July 7, 2025

MIL-OSI: BJMINING Unleashes AI-Powered Energy Arbitrage to Revolutionize Bitcoin Mining Profitability

Source: GlobeNewswire (MIL-OSI)

London, July 06, 2025 (GLOBE NEWSWIRE) — With Bitcoin currently trading at $107,000 — up 60% year-to-date—many U.S.-based mining operations are facing existential threats as single-coin production costs soar to $137,000. In stark contrast, BJMINING, the UK-based cloud mining giant founded in 2015, has reduced its breakeven threshold to $68,000 by leveraging AI-powered dynamic energy networks. Operating more than 60 mining farms globally—100% powered by renewable energy sources such as solar, wind, geothermal, and hydro—BJMINING now serves over 5 million users across 180+ countries and has emerged as a premier ESG-compliant target for institutional capital.

The 2025 Hashrate War: Survival Through AI and Green Innovation
(1) Crisis of Inverted Margins

Electricity Pricing Power: Electricity accounts for 75% of mining operation costs. In regions where prices exceed $0.12/kWh, over 40% of small and medium-sized mining farms have shut down.

Profit Compression: Despite a 47% increase in global hashrate since the 2024 halving, block rewards have dropped to 3.125 BTC—bringing marginal profits dangerously close to zero.

Seasonal Opportunity: Historical data shows a 70% probability of Bitcoin price increases in July. A breakout above $116,000 could potentially triple cloud mining returns.

(2) BJMINING’s AI-Powered Energy Arbitrage Engine

By dynamically reallocating computational workloads to regions with the lowest operational costs, BJMINING achieves a 42% reduction in energy-related expenses per unit of computing power. Highlights include:

Midnight Hydropower in Norway: $0.028/kWh by leveraging off-peak grid loads

Icelandic Geothermal: Stable year-round supply at $0.04/kWh

Heat Recovery in Canada: Community heating technology slashes energy waste by 30% and earns government-backed carbon credits

The Foundation of Trust: Triple-Layer Certification and Frictionless Experience

Certification Dimension	Backing Institution	User Value
Carbon-Neutral Operations	United Nations Certification	Compliant with ESG fund requirements
Full Asset Insurance	AIG (American International Group)	Protection against hackers and natural disasters
Security Defense	McAfee® + Cloudflare®	99.99% DDoS protection success rate

Transparency Engine: All mining operations and revenue distributions are verifiable on-chain.

2025 Contract Yield Matrix (July Performance Test)
CEO William Thomas launches tiered hedging contracts with zero management fees and multi-currency payment support:

Contract Project	Investment Amount	The term	Total revenue
WhatsMiner M50S+	$100	2days	$100+$6
WhatsMiner M60S++	$600	7days	$600+$52.50
Avalon Miner A1566	$1,200	15days	$1,200+$234
WhatsMiner M66S+	$5,800	30days	$5,800+$2,610
Antminer L7	$12,000	40days	$12,000+$8,160
ANTSPACE HD5	$96,000	54days	$96,000+$119,232

“Our AI processes 170,000 energy data points per second—10,000 times more efficient than manual operations.”
— William Thomas, CEO of BJMINING

Technology Moat: Surpassing Human Limits

AI Forecasting System: Anticipates hashrate surges 12 hours in advance, boosting returns by 19.7%.

Auto-Reinvestment: Reinvestment efficiency is 23% higher than manual operations, ensuring no missed gains during bull markets.

XRP/DOGE Payments: Cross-border settlements in under 2 minutes, enabling seamless DeFi yield scenarios.

Industry Inflection Point: Retail Hashpower Migrates to AI Platforms
According to Bitdeer, 35% of retail mining hashpower is expected to shift to AI-optimized platforms by 2026. With a decade of operational experience, BJMINING sets the new benchmark:

Frictionless Onboarding: DOGE/XRP payments activate within 120 seconds; new users receive a $15 welcome bonus.

Volatility-Resistant Architecture: Multi-currency mining (BTC/DOGE/XRP) automatically balances yield fluctuations.

Global Consensus: Over 60 mining farms span Kazakhstan (nuclear energy at $0.03/kWh), Norway, and other low-cost energy regions.

How to get started-

Official Website: https://bjmining.com
App Download: https://bjmining.com/xml/index.html#/app

Since its founding in the UK in 2015, BJMINING has continuously integrated low-cost green energy networks worldwide. With over 60 mining farms strategically located in resource-rich regions such as Iceland (geothermal), Norway (hydropower), and Kazakhstan (nuclear), the company has built a dual moat of AI-powered energy scheduling and zero-carbon mining. Over the past decade, BJMINING has served more than 5 million users, with over 500,000 active miners operating daily.

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The MIL Network –

July 7, 2025

Category: Business

Managing and monitoring environmental harm

1. Minerals are not scarce

2. Mining at sea will not replace mining on land

3. Common heritage of humankind and the Global South

A wise investment?

Managing and monitoring environmental harm

1. Minerals are not scarce

2. Mining at sea will not replace mining on land

3. Common heritage of humankind and the Global South

A wise investment?

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Increases in grades

Our study

Overall opinions

Pressure from university administration

Complaints generate more work

Is it always a problem?

An honest discussion is needed

Managing and monitoring environmental harm

1. Minerals are not scarce

2. Mining at sea will not replace mining on land

3. Common heritage of humankind and the Global South

A wise investment?

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1. Minerals are not scarce

2. Mining at sea will not replace mining on land

3. Common heritage of humankind and the Global South

A wise investment?

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