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The Economic Times

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A top banker tried to sway Pope Leo XIV on rare earth mining

Latin America's development bank chief urged Pope Leo XIV to consider responsible rare earth mineral extraction, highlighting its potential for regional growth with safeguards. Despite the Vatican's strong stance against mining's historical exploitation of Indigenous lands and environments, the bank head presented a vision for ethical practices. The Pope, with personal experience in Peru's mining regions, faces a delicate balance between development and protecting vulnerable communities.

20 Jun 2026 5:59 pm