2023 /PRNewswire/ - Uranium Energy Corp (NYSE American: UEC) the "Company" or "UEC") is pleased to announce that it has filed an Initial Assessment Technical Report Summary ("TRS") in accordance with Item 1302 of Regulation S-K ("S-K 1300") on EDGAR disclosing Mineral Resources and an economic assessment for the Company's 100% owned Alto Paraná Titanium Project located in Paraguay (the "Project" or the "Alto Paraná Project") NPV8 of $419 million and a 21% post-tax IRR utilizing less than 0.2% of the Regional Resource per annum; and2 NPV8 of $1.55 billion and a 25% post-tax IRR utilizing less than 0.7% of the Regional Resource per annum stated: "UEC is a uranium focused company and through our presence and uranium exploration activities in Paraguay since 2012 we identified a unique opportunity to acquire the world-class Alto Paraná Titanium Project in 2017 for a nominal investment.  We are delighted to present an initial economic evaluation of the Project that provides a pathway forward in unlocking its substantial value The study confirms Alto Paraná as one of the highest grade and largest known ilmenite deposits on the globe with compelling economics We are looking forward to the next steps in our monetization strategy and plan to retain a financial advisor to conduct a global strategic review with the aim of maximizing the value of this world-class project for UEC shareholders stakeholders and the country of Paraguay." leading the Alto Paraná economic study and next steps stated: "Alto Paraná is a best-in-class titanium Project with substantial resources located near supportive infrastructure in a mining friendly jurisdiction and well supported by market fundamentals.  This Initial Assessment TRS marks an important step in our efforts to capture the value from this heavy mineral asset in Paraguay refined the technical approach to the development of the Project and the financial assessment shows robust financial returns we are pleased to employ a dedicated heavy minerals team that includes well-respected experts in the heavy minerals industry Ian Egan (Marketing Consultant) and Colin Rothnie (Geologist) together with specialist consultant TZ Minerals International Pty Ltd (TZMI).  The Project's excellent economic analysis and resources are solid precursors that provide UEC with various options in our strategy to enhance the value of the Project." The Alto Paraná Project is one of the world's highest-grade and largest ilmenite deposits with a combined Regional Resource of 3.6 billion tonnes grading at 7.3% TiO2.  Mineralization occurs at the surface with an average thickness of 6.3 meters.  Future expanded development and mining can benefit from the highly reliable and accessible infrastructure in the area with proximity to a major hydroelectric power source and various bulk commodity transport routes (see Figure 1 below)  Prior to UEC's acquisition of the Alto Paraná Project approximately $25 million was invested in the Project including pilot testing from mining through to the smelting processes infill drilling has been undertaken in the initial target mining area which has improved the current resource classifications (see Table 1 below).  Both in-field and laboratory scale test work were carried out to further improve and simplify the previously proven flowsheet for the Project.  The field work and resource estimate were overseen by Colin Rothnie employed by UEC as a consulting geologist and a Qualified Person for the TRS.  The TRS was co-authored by TZMI third-party consulting firm comprised of industry experts such as professional metallurgists and professional engineers TZMI professionals fulfill the requirements to be a "Qualified Person" for the purposes of S-K 1300 Ilmenite: 'heavy mineral' particles between 45µm and 1mm denser than 2.8g/cm3 containing an average of 50% TiO2  All grades are expressed as in situ grades.  Estimates for the MYNM Regional Resource and the Total are rounded to two significant figures as appropriate for Inferred Resources.  On the basis of sampling and comparison assays done to date it is estimated the Inferred Resources contain between 4 and 5% ilmenite.   A cut-off grade of 2% ilmenite has been applied where the ilmenite grade is known The TRS demonstrates the potential for the Alto Paraná Project to be a significant high titania slag and high purity pig iron producer which is expected to rank in the first quartile of the TZMI long-term industry revenue to cash cost ratio curve with exceptional low greenhouse gas emission intensity (see Figure 2 below).  Among other matters it highlights six key areas of refinement over previous studies being: the resource; the flowsheet; tailings disposal; product marketing; environmental aspects; and financial modelling; with the following results: The Alto Paraná Project is well supported by current market fundamentals the primary product of the Alto Paraná Project is anticipated to be a key beneficiary of the long-term structural deficit in natural rutile to supply high-grade feedstock to chloride pigment producers TZMI forecasts demand growth for chloride slag in TiO₂ pigment end-use markets to show a Compound Annual Growth Rate of 7.7% from 2022 to 2030 (March 2023 Estimate) it is expected that additional regional drilling will be completed such that the current resource estimate may be upgraded for the purpose of potentially initiating a Preliminary Feasibility Study The technical information in this news release has been reviewed and approved by Colin Rothnie employed by UEC as a consulting geologist and a Qualified Person for the TRS TZMI professionals fulfill the requirements to be a "qualified person" for the purposes of S-K 1300 Uranium Energy Corp is the fastest growing supplier of the fuel for the green energy transition to a low carbon future diversified North American focused uranium company environmentally friendly ISR mining uranium projects in the United States and high-grade conventional projects in Canada The Company has two production-ready ISR hub and spoke platforms in South Texas and Wyoming These two production platforms are anchored by fully operational central processing plants and served by seven U.S ISR uranium projects with all their major permits in place the Company has diversified uranium holdings including: (1) one of the largest physical uranium portfolios of U.S warehoused U3O8; (2) a major equity stake in Uranium Royalty Corp. the only royalty company in the sector; and (3) a Western Hemisphere pipeline of resource stage uranium projects The Company's operations are managed by professionals with decades of hands-on experience in the key facets of uranium exploration Stock Exchange Information:NYSE American: UECFrankfurt Stock Exchange Symbol: U6ZWKN: AØJDRRISN: US916896103 Except for the statements of historical fact contained herein the information presented in this news release constitutes "forward-looking statements" as such term is used in applicable United States and Canadian securities laws These statements relate to analyses and other information that are based on forecasts of future results estimates of amounts not yet determinable and assumptions of management Any other statements that express or involve discussions with respect to predictions assumptions or future events or performance (often using words or phrases such as "expects" or "does not expect" occur or be achieved) are not statements of historical fact and should be viewed as "forward-looking statements" Such forward looking statements involve known and unknown risks uncertainties and other factors which may cause the actual results performance or achievements of the Company to be materially different from any future results performance or achievements expressed or implied by such forward-looking statements the actual results of exploration activities variations in the underlying assumptions associated with the estimation or realization of mineral resources the availability of capital to fund programs and the resulting dilution caused by the raising of capital through the sale of shares labor disputes and other risks of the mining industry including delays in obtaining governmental approvals permits or financing or in the completion of development or construction activities title disputes or claims limitations on insurance coverage Although the Company has attempted to identify important factors that could cause actual actions events or results to differ materially from those described in forward-looking statements there may be other factors that cause actions events or results not to be as anticipated Many of these factors are beyond the Company's ability to control or predict There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements readers should not place undue reliance on forward-looking statements contained in this news release and in any document referred to in this news release Important factors that may cause actual results to differ materially and that could impact the Company and the statements contained in this news release can be found in the Company's filings with the Securities and Exchange Commission For forward-looking statements in this news release the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities 2025 /PRNewswire/ - Uranium Energy Corp (NYSE American: UEC) (the "Company" or "UEC") is pleased.. NYSE American: UEC Operational and Project Highlights: Achieved a major production milestone with the successful processing Mining & Metals Mining & Metals Mining Mining Do not sell or share my personal information: has been selected as one of the seven most stunning landscapes in the world to be featured in the Windows Spotlight collection the Windows 10 and 11 feature that displays breathtaking photographs on the lock screen of millions of users worldwide This recognition results from a collaboration between teams from Bing an innovative open-access environmental data repository Principal Engineering Manager at Microsoft Space He and his team selected satellite images captured by the European Space Agency’s Copernicus program The image of San Cristóbal stands out alongside landscapes from Venezuela All these photographs come from Sentinel-2 satellite data showcasing the planet’s natural beauty with stunning quality Morales, a photography enthusiast, explained in a LinkedIn post that the idea emerged when he noticed the quality of the images in Windows Spotlight and we could share them with the world through Windows Spotlight!'» he commented The challenge for the team was selecting from thousands of spectacular images San Cristóbal earned its place as one of the breathtaking views now captivating Windows users worldwide San Cristóbal is a district in the department of Alto Paraná located approximately 117 kilometers from Ciudad del Este and about 337 kilometers from Asunción The city is accessible via National Route No The local economy is primarily driven by agriculture with extensive crop fields contributing to the country’s productive sector livestock farming is another key economic activity that complements life in the region offering a natural landscape now recognized internationally Chile‘s pulp producer Celulosa Arauco y Constitución (Arauco) had temporariy stopped production at its Alto Paraná pulp mill in Argentina’s Misiones province on 3 March due to a problem with the mill’s turbo generator The Alto Paraná mill produces 350,000 tpy of bleached softwood pulp and fluff pulp.The pulp mill was expected to be out of operation until the first week in April The company did not comment on the resulting loss of production After the commissioning of Arauco’s new bleached eucalyptus kraft (BEK) pulp line in Chile the group's total capacity comes close to 4.5 million tpy Service Customer Service+49 7224 9397-701servicenoSpam@GO-AWAYeuwid.de Editorial Team+49 7224 9397-0papernoSpam@GO-AWAYeuwid.com Get the latest news about developments and trends in the industry sent to you once a week free of charge by newsletter Sign up for our newsletter We use cookies and external services on our website others enhance your user experience or help us improve this website You can change your privacy settings any time by clicking privacy policy Necessary cookies are required for the correct functioning of the website Content from video platforms and map services is blocked by default. 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You can find more information on the individual external services in our privacy policy Which language would you like to use this site in Today, Amnesty International, together with Diversxs Alto Paraná, and with the support of the  Red Paraguaya de la Diversidad Sexual (REPADIS) and It Gets Better Paraguay, presented an Action of Unconstitutionality before the Supreme Court of Justice regarding two resolutions by the Board and Municipal Administration of the City of Hernandarias that violate the human rights of lesbian a collective that defends the rights of LGBTI people presented an official notice informing the mayor of Hernandarias that they planned to hold a peaceful march in the city on 29 September The aim of the march was to commemorate the killing of Bernardo Aranda and the violence linked to the investigation of the case in 1959 during the dictatorship of Alfredo Stroessner which banned the march on the grounds that it was considered contrary to “public morals” which declared Hernandarias a “Pro-Life and Pro-Family City” (“Ciudad Pro-Vida y Pro-Familia”) “The resolutions issued by the Hernandarias city hall clearly reflect intolerance that reinforces social prejudices and intensifies the damaging repercussions for LGBTI people in Paraguay we have documented how when authorities impose these types of measures they lead to LGBTI people being stigmatized and criminalized and increase discrimination social rejection and violence against them,” said Erika Guevara-Rosas Americas director at International Amnesty The resolutions issued by the Hernandarias city hall clearly reflect intolerance that reinforces social prejudices and intensifies the damaging repercussions for LGBTI people in Paraguay City hall never formally notified Diversxs of these decisions nor Amnesty International as the organization that supports them Members of Diversxs were only allowed to take a picture of the resolutions at the police station after they insisted on seeing the official document Despite the local authorities’ decision to ban the march Diversxs decided to go ahead with their plans the group was verbally and physically assaulted by anti-rights groups while the National Police failed to intervene to protect their rights or detain their attackers Some members of Diversxs who were attacked filed criminal complaints for those responsible to be investigated and punished We trust that the Supreme Court will ensure justice and find in favour of Diversxs and all LGBTI people in the country by declaring the resolutions unconstitutional and contrary to international human rights law Amnesty International argued in the Action of Unconstitutionality filed before the Supreme Court that the resolutions violate the rights to freedom of expression The organization also criticized the use of arguments about protecting “public morals” as a pretext to unduly restrict the right to freedom of assembly and peaceful demonstration “States have an obligation to refrain from imposing any type of moral model or standards on individuals We trust that the Supreme Court will ensure justice and find in favour of Diversxs and all LGBTI people in the country by declaring the resolutions unconstitutional and contrary to international human rights law,” said María Teresa Añazco Barudi For more information or to arrange an interview, please contact Amnesty International press office: [email protected] Together we can fight for human rights everywhere Your donation can transform the lives of millions If you are talented and passionate about human rights then Amnesty International wants to hear from you Please note that this conversation will be hosted in Spanish only Paraguay is one of the world’s leading producers of soybean and beef together making up 65 percent of the country’s exports and 25 percent of its gross domestic product these commodities have been growing at the expense of the country’s forests and biodiversity is increasingly being deforested to make room for soybean production The Food Systems, Land Use and Restoration (FOLUR) Impact Program is working to implement sustainable value chains in Paraguay combat deforestation and promote sustainable agriculture and integrated landscapes In this Spanish-language GLF Live on 21 July at 12:00 UTC three experts will discuss the FOLUR project in Paraguay how roundtables can foster collaboration along the green value chain and the importance of gender-sensitive capacity building is an agronomist by profession with a master’s degree in seed sciences and technologies and a specialization in quality management and sustainable production He currently works as the national coordinator of the Food Systems Land Use and Restoration (FOLUR) Impact Program which is executed by the International Foundation of Cacus Conservationist (ICCF) He is a member of the international council of the Round Table on Responsible Soy Association (RTRS) representing certified producers from Paraguay He was a consultant for the United Nations Environment Program (UNEP/ICCF) coordinating the consulting team designated to develop the design of the FOLUR project (GEF-7) He is a representative of the Traceability and Transparency Platform for Commodities – TRASE en Py which is a traceability and transparency platform for commodities at a global level developed by the Stockholm Environment Institute and Global Canopy mapping the physical flow of soy and meat commodities in Paraguay Nelson helped develop a manual on good agricultural practices (GAPs) for the production of grains and the implementation of GAPs in soybean production areas.  Pablo is the global business development officer at the Round Table on Responsible Soy (RTRS) Pablo holds a degree in Biology from the University of Buenos Aires and a Master in Business Administration from the University of Palermo Pablo began his professional journey at Zeneca where he focused on the environmental and public health sectors he led grain barter operations and various demand and sustainability projects aimed at enhancing farmer productivity He implemented sustainable soybean production programs and encouraging farmers to obtain voluntary certifications in sustainability and quality standards where he served as the general manager for Interoc Custer Corporation emphasizing responsible production and fostering strong relationships throughout the soybean value chain He has been part of the Secretariat of RTRS for the past two years contributing to the organization’s efforts in promoting responsible soy practices globally Raquel Fratta currently serves as the project administrator for FOLUR in Paraguay Raquel has extensive experience working with civil society organizations both locally and internationally farmers and Indigenous communities in rural areas she worked for 10 years at the Moises Bertoni Foundation an NGO in Paraguay focusing on nature conservation She designed and implemented projects focusing on women’s empowerment and territory development integrating social Raquel is an active member of the scientific committee for the World Environmental Education Congress (WEEC) She is the co-author of Sustainable Adventures in Mbaracayu a bilingual children’s book for all ages set in the Atlantic Forest of Alto Paraná Our mission is to make them freely accessible to everyone We believe that lasting and impactful change starts with changing the way people think That’s why we amplify the diverse voices the world needs to hear – from local restoration leaders to Indigenous communities and women who lead the way not only are you supporting the world’s largest knowledge-led platform devoted to sustainable and inclusive landscapes but you’re also becoming a vital part of a global movement that’s working tirelessly to create a healthier world for us all Every donation counts – no matter the amount we gathered 1,200 people to explore innovative ways to protect the climate solution we forgot: peatlands Wheat is one of the world’s most important staple crops but its cultivation often drives land degradation GLF Live with Constance Okollet and Patti Kristjanson ThinkLandscape is a multimedia platform bringing you original knowledge-backed news and feature stories about climate and landscape solutions from around the world Español Português CAF—development bank of Latin America—visited Ciudad del Este to hold meetings with entrepreneurs in the maquila sector to review projects that promote economic development and intraregional trade and promote the National Biodivercities Meeting to be held on October 6 in Asunción A delegation from CAF—development bank of Latin America—led by the South Regional Manager visited Ciudad del Este and met with businessmen national and local authorities to discuss the economic social and environmental benefits that the projects financed by the institution will yield in the Alto Paraná region the CAF delegation held a meeting with the authorities of the Chamber of Maquila Companies of Paraguay (CEMAP) to analyze the situation of the sector and assess cooperation alternatives The Alto Paraná area concentrates 48% of the nation’s maquila industries and accounts for 32% of the sector’s exports There are 250 maquilas that provide more than 21,000 people with quality jobs Noteworthy is that the sector is characterized by promoting jobs among the youth Maquila exports reach USD 1 billion per year participants assessed the benefits of the construction of the Second Integration Bridge which is set to raise exports and create jobs “CAF’s support has been crucial in the process of growth of the Maquila Regime which is one of the most important in the process of industrialization and economic growth in Paraguay,” said Carina Daher the financing for the construction of a second bridge linking Paraguay with Brazil represents great hope relief and potential to sustain and increase the economic and commercial flow between both countries.”¨ CAF’s delegation toured the works of the bridge access roads which received financing from the bank for an amount of USD 212 million the construction of a Cargo Terminal and Primary Zone and a bridge over the Monday River Together with Paraguay’s Minister of Public Works and Communications Rodolfo Segovia a meeting was held with the project executing unit and the awardee companies which made a presentation on the progress and status of the works The project aims to improve connectivity between Brazil and Paraguay integrating productive and logistical activities to help consolidate the integration and economic development of the area productive and commercial integration in the region especially considering small and medium-sized enterprises the creation of quality jobs and environmental and social sustainability criteria We believe this is one of the most important and emblematic projects of our operations in the country and we thank the government of Paraguay for having chosen us as its strategic partner to carry them out,” Srur said at the end of the tour CAF’s delegation toured the works of the Iguazú Power Substation that are part of the Transmission Strengthening Program of the National Interconnected Rural Electric Distribution System implemented by the National Electricity Administration (ANDE) The project is funded by CAF for an amount of USD 212 million and aims to provide greater reliability and security to power supply of the east as well as to improve the distribution infrastructure in the rural areas of the Eastern Region thus improving the quality of power supply reducing blackouts and increasing the transmission capacity of the National Interconnected System (SIN) The commissioning of the Substation will allow the distribution of all the power generated by the Itaipu Hydro Power Plant the CAF delegation held a working lunch with municipal authorities of Ciudad del Este they discussed the importance of comprehensive urban development and CAF’s commitment to continue aiding Paraguay’s economic Srur expressed to the authorities the interest of further exploring projects with a vision of environmental and productive sustainability yields benefits and improves the quality of life of the residents of Alto Paraná Srur invited the municipalities to the next National Biodivercities Meeting in Paraguay The CAF-led initiative already has the support of more than 80 mayors in the region Biodivercities was launched in Barranquilla in December 2021 and national meetings have already been held in Argentina info@caf.com Tlf. +58 (212) 209-2111 Get our news on your inbox! Suscribe x MercoPress, en Español Montevideo, May 5th 2025 - 22:07 UTC the capital of the department of Alto Paraná has been declared under emergency due to a growing wave of insecurity Mayor Miguel Prieto spoke of an “unsustainable” situation with many robberies “that we only see in movies.” The measure will be in force for 30 days but might be extended to deal with “repeated criminal events.” several criminal acts have originated with disastrous consequences to the patrimony and physical integrity of the citizens,” Alto Paraná Governor César Landy Torres noted in his resolution “There is a need and urgency to have agile tools to address the situation and thus be able to activate the State's reaction mechanisms,” he added The governor also said in a radio interview that some 200 law enforcement officers would be sent in from Asunción after talks with Interior Minister Enrique Riera A demonstration is scheduled for Friday [a holiday in Paraguay] in Ciudad del Este to protest against the crime wave while other events might be staged on Monday “What is happening next is a wave of assaults that I have never seen since I have been aware of it in my city,” Prieto said in a TV interview Widespread corruption at various levels of government the lack of a proper record-keeping system and the influence of powerful criminal organizations according to the Global Initiative Against International Organized Crime who also denounced that back market operations between neighboring countries have been on the rise and Paraguay is a transit zone the Public Prosecutor's Office carried out the so-called “Dakovo operation” which included personnel from the National Anti-Drug Secretariat (Senad) and the United States Department of Homeland Security which led to the seizure of weapons and cash the product of the illegal trade between Paraguay and Brazil Sounds like they should change the name back to the original “Puerto Presidente Stroessner.” Commenting for this story is now closed.If you have a Facebook account, become a fan and comment on our Facebook Page By Krista Charles probably spread out from this ancestral location following climatic change The language they speak, also called Tupi, is one of the most widespread language families among the Indigenous peoples of South America, and emerged about 5000 years ago in the south-west Amazon Jonas Gregorio de Souza at the Pompeu Fabra University in Spain and his colleagues explored just how it came to be so widespread by simulating different scenarios for human expansion in South America The team discovered that increased… The landlocked nation of Paraguay covering an area of 406,752 sq. km (157,050 sq mi), is located in Central South America As observed on the physical map of the country and Pilcomayo Rivers -form over 75% of the country's borders The Parana River forms the country's eastern and southern borders and joins the Paraguay River in the country's southwestern region As marked on the map by an upright yellow triangle is the country's highest peak - Cerro Pero at 2,762 ft (842m) The Paraguay River divides the country into two major regions: the Paranena (Eastern Region) The Alto Paraná Atlantic forests bleeds across the borders of Brazil, Argentina, and Paraguay giving all three nations access to some of the densest jungles outside of the Amazon The region is best known for its rare species of animals The Pantanal is both the largest tropical wetland and the largest flooded grassland in the entire world While the biggest portion of this region is located in Southern Brazil parts of this amazing biome do leak into Northern Paraguay as well The Paraná Savana begins in the south of Paraguay and stretches all the way down into Argentina Home to dozens of islands that are subject to flooding the humidity here is some of the most intense in the world It is the hottest in January when the average temperature is 25.4 °C (77.7 °F) Each year the region is hit with more than 1,100 millimeters (43 in) of precipitation the hot scrublands and low plains of the Chaco cover about 60% of Paraguay's total land area The Chaco region is one of the most sparsely populated regions in South America due to its tough terrain and harsh environment The major bodies of water in Paraguay are Lake Ypoa and Lake Vera Lake Vera drains in the Ñeembucú plain a large expanses of marshland the Republic of Paraguay) is divided into 17 departments (departamentos singular - departamento) and 1 capital city (Distrito Capital) These departments are further subdivided into districts (distritos) The districts are further divided into municipalities and rural districts The landlocked nation of Paraguay covers an area of 406,752 sq Located on the east bank of Paraguay River is Asunción - the national capital and the largest city of Paraguay It is one of South America's "oldest cities" Asunción is also the principal port of the country The landlocked nation of Paraguay is located in central South America It is dissected by the Topic of Capricorn and is geographically positioned both in the Southern and Western hemispheres of the Earth Paraguay is bordered by Bolivia to the north and northwest; by Brazil to the east and northeast and by Argentina to the west The above blank map represents Paraguay - a landlocked nation printed and used for geography educational purposes like map-pointing and coloring activities The above outline map represents Paraguay - a landlocked nation It is often referred as the "Heart of South America" due to its centralized location photos and original descriptions © 2025 worldatlas.com Our editors will review what you’ve submitted and determine whether to revise the article to the plumed headdresses once worn by the riverine peoples During the dry season (May to October) the swamps in the Pantanal shrink to small patches of marshy land the slow-flowing rivers are quickly filled to capacity Spanish missionaries mistook this for a permanent lake and it appeared as “Lago Xarays” on early maps of the region with its left bank consisting of a cliff about 75 feet high when they present the appearance of flooded forests A few miles beyond the juncture with the Peperi Guaçu the river is constricted between rocky walls in the Grande Falls a two-mile stretch of rapids with a total descent of 26 feet in 8 miles the river narrows suddenly from 1,500 feet to a minimum of 100 feet Written By:Shivraj Swami The audacious theft took place back in April when a group of assailants executed a meticulously planned attack on the farm overpowering its manager and making off with 492 Bitcoin miners The brazen criminals managed to connect the stolen mining rigs to power outlets and the internet keeping them fully operational and concealed from the prying eyes of authorities Paraguay’s indomitable DAS refused to be outwitted they successfully traced the stolen equipment to a commercial property in the town of Presidente Franco rescuing the 300 recovered mining rigs along with several cellular devices The decisive operation resulted in the arrest of one individual who now faces charges of aggravated assault the authorities are still on the hunt for the remaining 192 mining rigs the DAS remains steadfast in its mission to ensure justice is served and every last piece of stolen equipment is accounted for The shocking incident has shed light on Paraguay’s growing reputation as a crypto and BTC mining hotspot the nation’s abundance of hydroelectric power has attracted a significant number of miners particularly Asian pools seeking to relocate from China Despite initial resistance from the nation’s President politicians in Paraguay have been pushing to embrace the mining industry since 2021 recognizing the potential economic benefits it can bring to the country Also Read: Bhutan’s Secret Ousted: Mining Bitcoin With Hydropower Since 2017 The recovery of the stolen Bitcoin mining rigs marks a pivotal moment for Paraguayan law enforcement demonstrating their determination to protect the burgeoning Crypto sector from criminal activities As the investigation continues and the search for the remaining mining rigs persists the authorities remain resolute in their commitment to ensuring a safe and secure environment for miners and investors alike Comment *document.getElementById("comment").setAttribute( "id" "a2a8e47c19d383cb084bf2442437ae62" );document.getElementById("h3fb7f912f").setAttribute( "id" and website in this browser for the next time I comment Δdocument.getElementById( "ak_js_1" ).setAttribute( "value" Stay ahead of the curve with authentic news and exclusive in-sight reports only on The Crypto Times All NewsAI NewsExclusiveExplained About UsEditorial PolicyPress Release Contact UsCareerAdvertise With Us Landless peasants near a brasiguayo's land in ParaguayNORBERTO DUARTE/AFP/Getty Images Violence between landless workers and landowners points to larger geopolitical tensions with Paraguay's neighbors... Agencia IP.- One year after winning the presidential elections Head of State Santiago Peña redoubled his Government’s commitment to continue working to honor the trust of all Paraguayans and «continue fulfilling with them.» marks one year since Santiago Peña’s victory in the 2023 elections he assured that today he is more committed than ever to fulfilling each of the promises made to the Paraguayan people he reviewed the main challenges they are focused on It was on the occasion of the inauguration of the Alorica Paraguay company which is being installed in the Alto Paraná department and generates about 250 jobs in its first stage The company talks to us about the possibility of reaching 2,000 new jobs in a short time,» he said Regarding the agreement being negotiated with Brazil regarding the Itaipu Binational the president mentioned that the tariff is not defined until it is announced and affirmed that they are still «expectant» and that «we are in the last minute,» alluding to the fact that it would be very close to being finalized Peña emphasized the facilities promoted by the Executive for more companies to settle in the country we see that the pace of investments is increasing We have several companies that have already told us that they are in the process of investment and this also results in hiring more employees,» he expressed he stressed the intention to generate 500,000 new jobs in these five years of which 100,000 would be in the Alto Paraná department «We are supporting him in that strategy that requires investment And we believe that this will allow more Paraguayans in the coming years also to celebrate May 1st with their families the Head of State admitted that the Itaipu Technological Park (PTI) would make an important contribution to the government’s goal regarding job creation through the incorporation of new technologies beyond the social safety net that Paraguay has social programs like those for the elderly the Zero Hunger program in schools is added to ensure that all our children have a plate of food the human being is dignified work,» he argued Asked about the issue of security in the tenth department he said that the Governor’s Office is activated in coordination with the National Police to restore peace and tranquility to the people of Alto Paraná «We made a decision a few months ago where we first sent an additional contingent of 200 police officers that would be temporary Then we announced that they would stay permanently,» he emphasized he spoke of «important bets» undertaken by his administration to reinforce the number of police officers in the coming years «Last week we announced the entry and training of 5,000 new police officers who will graduate at the end of the year having been a number that entered around 1,000 per year we have fulfilled the promise to triple the Lince Group and we also want the presence of the lynx here in Alto Paraná to be strong,» he indicated the Head of State reiterated that the military forces are at the service of the country and all Paraguayans He regretted the recent insecurity recorded in the Itapúa department a situation that as a Government obliges them to redouble their efforts «This allows us to prove to the citizens that we are listening to them I am not satisfied and we are going to work so that we can do a better job,» he asserted In another part of the interview given to the media the President of the Republic commented that they are focused on infrastructure works of great impact for Alto Paraná and above all to give a different dynamic to the area He predicted that Presidente Franco will be one of the cities with the greatest growth in the coming years in Alto Paraná as a result of the new infrastructures that are intended to be completed in the coming years You have successfully subscribed to our newsletter Comunicação social - todos os direitos reservados