Why Is a $116B Mining Giant Backing a $10M Firm?

Rio Tinto rarely makes early-stage bets. Yet one small N. American firm earned its trust with projects in lithium, uranium, and titanium - all vital to U.S. defense and energy independence.

NATO is deploying eyes in the sky and on the Baltic Sea to protect vital cables. Here's why and how

JOHN LEICESTER and EMMA BURROWS
January 28, 2025

ABOARD A FRENCH NAVY FLIGHT OVER THE BALTIC SEA (AP) -- With its powerful camera, the French Navy surveillance plane scouring the Baltic Sea zoomed in on a cargo ship plowing the waters below -- closer, closer and closer still until the camera operator could make out details on the vessel's front deck and smoke pouring from its chimney.

The long-range Atlantique 2 aircraft on a new mission for NATO then shifted its high-tech gaze onto another target, and another after that until, after more than five hours on patrol, the plane's array of sensors had scoped out the bulk of the Baltic -- from Germany in the west to Estonia in the northeast, bordering Russia.

The flight's mere presence in the skies above the strategic sea last week, combined with military ships patrolling on the waters, also sent an unmistakable message: The NATO alliance is ratcheting up its guard against suspected attempts to sabotage underwater energy and data cables and pipelines that crisscross the Baltic, prompted by a growing catalogue of incidents that have damaged them.

"We will do everything in our power to make sure that we fight back, that we are able to see what is happening and then take the next steps to make sure that it doesn't happen again. And our adversaries should know this," NATO Secretary-General Mark Rutte said this month in announcing a new alliance mission, dubbed "Baltic Sentry," to protect the underwater infrastructure vital to the economic well-being of Baltic-region nations.

What's under the Baltic?

Power and communications cables and gas pipelines stitch together the nine countries with shores on the Baltic, a relatively shallow and nearly landlocked sea. A few examples are the 152-kilometer (94-mile) Balticconnector pipeline that carries gas between Finland and Estonia, the high-voltage Baltic Cable connecting the power grids of Sweden and Germany, and the 1,173-kilometer (729-mile) C-Lion1 telecommunications cable between Finland and Germany.

Why are cables important?

Undersea pipes and cables help power economies, keep houses warm and connect billions of people. More than 1.3 million kilometers (807,800 miles) of fiber optic cables -- more than enough to stretch to the moon and back -- span the world's oceans and seas, according to TeleGeography, which tracks and maps the vital communication networks. The cables are typically the width of a garden hose. But 97% of the world's communications, including trillions of dollars of financial transactions, pass through them each day.

"In the last two months alone, we have seen damage to a cable connecting Lithuania and Sweden, another connecting Germany and Finland, and most recently, a number of cables linking Estonia and Finland. Investigations of all of these cases are still ongoing. But there is reason for grave concern," Rutte said on Jan. 14.

What's causing alarm?

At least 11 Baltic cables have been damaged since October 2023 -- the most recent being a fiber optic cable connecting Latvia and the Swedish island of Gotland, reported to have ruptured on Sunday. Although cable operators note that subsea cable damage is commonplace, the frequency and concentration of incidents in the Baltic heightened suspicions that damage might have been deliberate.

There also are fears that Russia could target cables as part of a wider campaign of so-called "hybrid warfare" to destabilize European nations helping Ukraine defend itself against the full-scale invasion that Moscow has been pursuing since 2022.

Without specifically blaming Russia, Rutte said: "Hybrid means sabotage. Hybrid means cyber-attacks. Hybrid means sometimes even assassination attacks, attempts, and in this case, it means hitting on our critical undersea infrastructure."

Finnish police suspect that the Eagle S, an oil tanker that damaged the Estlink 2 power cable and two other communications cables linking Finland and Estonia on Dec. 25th, is part of Moscow's "shadow fleet" used to avoid war-related sanctions on Russian oil exports.

Finnish authorities seized the tanker shortly after it left a Russian port and apparently cut the cables by dragging its anchor. Finnish investigators allege the ship left an almost 100-kilometer (62-mile) long anchor trail on the seabed.

Intelligence agencies' doubts

Several Western intelligence officials, speaking on condition of anonymity because of the sensitive nature of their work, told The Associated Press that recent damage was most likely accidental, seemingly caused by anchors being dragged by ships that were poorly maintained and poorly crewed.

One senior intelligence official told AP that ships' logs and mechanical failures with ships' anchors were among "multiple indications" pointing away from Russian sabotage. The official said Russian cables were also severed. Another Western official, also speaking anonymously to discuss intelligence matters, said Russia sent an intelligence-gathering vessel to the site of one cable rupture to investigate the damage.

The Washington Post first reported on the emerging consensus among U.S. and European security services that maritime accidents likely caused recent damage.

Cable operators advise caution

The European Subsea Cables Association, representing cable owners and operators, noted in November after faults were reported on two Baltic links that, on average, a subsea cable is damaged somewhere in the world every three days. In northern European waters, the main causes of damage are commercial fishing or ship anchors, it said.

In the fiber-optic cable rupture on Sunday connecting Latvia and Sweden, Swedish authorities detained a Maltese-flagged ship bound for South America with a cargo of fertilizer.

Navibulgar, a Bulgarian company that owns the Vezhen, said any damage was unintentional and that the ship's crew discovered while navigating in extremely bad weather that its left anchor appeared to have dragged on the seabed.

NATO's 'Baltic Sentry' mission

The alliance is deploying warships, maritime patrol aircraft and naval drones for the mission to provide "enhanced surveillance and deterrence."

Aboard the French Navy surveillance flight, the 14-member crew cross-checked ships they spotted from the air against lists of vessels they had been ordered to watch for.

"If we witness some suspicious activities from ships as sea - for example, ships at very low speed or at anchorage in a position that they shouldn't be at this time - so this is something we can see," said the flight commander, Lt. Alban, whose surname was withheld by the French military for security reasons.

"We can have a very close look with our sensors to see what is happening."

___

Burrows reported from London. AP journalists Jill Lawless in London, David Klepper in Washington and Veselin Toshkov in Sofia, Bulgaria, contributed to this report.

Continue Reading...

Popular

Cathie Wood Dumps $11.6 Million Worth Of Tesla Stock: Here Is What Ark Purchased Instead

On Wednesday, Cathie Wood-led Ark Invest made significant trades involving Tesla Inc. (NASDAQ:TSLA), Coinbase Global Inc.

Marjorie Taylor Greene Buys Blue Chip Stock Near 52-Week Low

Marjorie Taylor Greene is known for buying multiple stocks at a time, based on recent disclosures. A new filing shows one stock bought in November.

It's Time for Elon to Earn His $1 Trillion Payday - Ad

To collect, Musk has to deliver on his promise to unleash the "mind-blowing" technology Tesla insiders say will push the company into an entirely new market. But with Black Friday chaos sweeping the markets, almost no one sees what's coming. This is the stock we believe stands to benefit from Tesla's next major launch.

These 8 Democrats voted with Republicans on the government shutdown deal. Here's how they explain it

WASHINGTON (AP) — The Democratic senators — eight in total — faced almost instant blowback from members of their own party as to allow the Senate to move forward on that would reopen the government.

Marjorie Taylor Greene Goes Bargain Shopping, Discloses Buying These Two Stocks At 52-Week Lows

Congresswoman Marjorie Taylor Greene disclosed some new stocks recently. Unlike past trades in 2024 and 2025, the latest disclosure is rather unique.

Elon's Optimus to Mint New "Musk Millionaires" as Soon as Jan 26? - Ad

Elon Musk may be set to create more "Musk Millionaires" as soon as January 26... Because on that day, he's expected to officially launch his Optimus robot... An AI-powered robot that Elon himself says will be capable of "doing anything bar nothing". Now, it's important to point out that Elon hasn't released it to the public yet... But ahead of the launch, one Silicon Valley insider has identified a "backdoor way" for any American to invest in Optimus with a regular brokerage account...

Trump Advisor Kevin Hassett Reportedly Leading Fed Chair Race: See What Polymarket, Kalshi Bettors Are Predicting

White House National Economic Council Director Kevin Hassett has emerged as the leading candidate to become the next Federal Reserve Chair, according to a report published Tuesday.

These are the 37 donors helping pay for Trump's $300 million White House ballroom

WASHINGTON (AP) — President Donald Trump says his $300 million White House ballroom will be paid for “100% by me and some friends of mine.”

Trump Signs Law to Launch Dollar 2.0 - Ad

Trump just signed law S.1582, unleashing the biggest money shift in 100+ years. For the first time since 1913, private firms - not the Fed - can mint a "Dollar 2.0." Treasury says it could drain $6.6T from banks and pay 10X current savings rates. Early investors in minting firms could see 40X returns by 2032.

Amazon's $150 Billion AI Capex Surge Could Force Its First Big Bond Deal In Years

Amazon may need to tap Wall Street for funds as it faces rising AI and data center spending, despite sitting on $84 billion in cash.

Global Demand for Defense Metals Is Surging 7X - Ad

Lithium, uranium and titanium are at the center of a global race. Nations are scrambling to secure them for fighter jets, EVs, and reactors. One N. American project could help fill the West's critical-minerals gap.

Trump Pressures Taiwan To Train US Workers As TSMC Struggles In Arizona: Report

The Trump administration is reportedly pressing Taiwan, including TSMC, to invest more in U.S. semiconductor manufacturing.

Why A Bitcoin Thanksgiving Rally Is Probably Not Happening: 10x Research

Bitcoin's (CRYPTO: BTC) 24% slide over the past month has traders looking to macro catalysts for direction, but 10x Research says the market may be looking at

"Tech Prophet" Who Predicted the iPhone Now Predicts... - Ad

George Gilder - who predicted the iPhone 17 years early and gave Reagan the first microchip - is making his boldest call yet. He says an American nanotech "super-convergence" could mint more millionaires than any event in recent memory. He's found 3 stocks set to benefit the most.

Step Aside Nvidia. Google is Coming.

Google and Meta shake up the AI chip war, the market flashes signs of technical life, and a high-stakes Trump-Xi meet looms.

Shaquille O'Neal's Parenting Strategy: Sons Must Leave Home at 18, Daughters Can Stay Indefinitely: 'I Like My Girls a Little Bit Better'

Shaquille O'Neal once disclosed his unconventional parenting approach, stating that he prompts his sons to leave home at 18, while his daughters are allowed to stay as long as they wish.

This Weekend Only: 3 Partners Enabling Nvidia's $24 Trillion Conquest - Ad

Nvidia is charging into two seismic tech frontiers. But they can't do it alone. Nvidia needs three Silent Partners. Companies so critical, Nvidia's latest trillion-dollar pivot hinges on them. This weekend only, get access to the names of the three companies critical to Nvidia's latest pivot in 2026 for just $19!

Australia will enforce a social media ban for children under 16 despite a court challenge

MELBOURNE, Australia (AP) — The Australian government said young children will be banned from social media next month as scheduled despite a rights advocacy group on Wednesday challenging the in court.

The End of Tesla? (Black Friday Briefing) - Ad

"Hold onto your Tesla stock." That's the message insiders are sharing as Tesla prepares to unveil a "mind-blowing" new product: one that has nothing to do with EVs... batteries... or self-driving cars. This is a radical pivot that could mark the end of Tesla as we know it and the birth of something much bigger.

Nvidia Stock 'Particularly Compelling,' Could See 70% Earnings Growth In 2026, Analyst Says

Bank of America Securities analyst Vivek Arya said skepticism around artificial intelligence (AI) spending is understandable but overstated, calling it a healthy correction within a long-term growth cycle.

California revokes 17,000 driver's licenses. But the state disputes it is over immigration concerns

California plans to revoke 17,000 commercial driver’s licenses given to immigrants after the Trump administration raised concerns about people in the country illegally receiving licenses to drive a semitruck or a bus. But Gov. Gavin Newsom said that isn't the reason.

Legally "Skim" $6,361 Into Your Account? - Ad

A former hedge fund manager is now sharing his "Skim Codes" with regular people. They're not stocks. They're not crypto. They're 18-character codes designed to profit from recent market conditions. All you have to do is punch them into an ordinary brokerage account. 84% of these codes have given people the chance to generate cash payouts so far... and his next code is going out any day now.

MacKenzie Scott Has Donated More Than $19 Billion, Yet Her Wealth Grows Faster

MacKenzie Scott, the billionaire philanthropist and ex-wife of Amazon founder Jeff Bezos, has donated a staggering $19.25 billion since 2020.

Investigators look into 'repeating bell' heard during takeoff of UPS cargo plane that crashed

LOUISVILLE, Ky. (AP) — A repeating bell sounded in the cockpit for 25 seconds as pilots tried to control a UPS cargo plane that caught fire, had an engine fall off and this week in Louisville, Kentucky, a National Transportation Safety Board member said Friday.

Weiss Gold Veteran Makes Shocking New Call - Ad

Weiss expert Sean Brodrick went out on a limb last year and declared a historic event would send the yellow metal to $3,150. People laughed at him at the time, but he was off by just two days. Now, Sean has a shocking new prediction for gold ... and reveals a little-known way to get ahead of this bull market.

Jury Deadlocks After Three Days in MIT Brothers' $25 Million Cryptocurrency Heist Trial

A Manhattan federal judge declared a mistrial in the high-profile cryptocurrency fraud case involving James and Anton Peraire-Bueno, who are MIT graduates. The brothers were accused of a $25 million fraud related to cryptocurrency.

Cameron Winklevoss Digs Up News Report From 2013 To Make A Point About Bitcoin: 'You Will Miss Out On The World's Greatest Opportunities...'

Gemini co-founder Cameron Winklevoss took potshots Sunday at the British daily newspaper Financial Times for its 12-year-old article that predicted Bitcoin (CRYPTO: BTC) would become the next “bubble.”

Why Is a $116B Mining Giant Backing a $10M Firm? - Ad

Rio Tinto rarely makes early-stage bets. Yet one small N. American firm earned its trust with projects in lithium, uranium, and titanium - all vital to U.S. defense and energy independence.

'No hire' job market leaves unemployed in limbo as threats to economy multiply

WASHINGTON (AP) — When Carly Kaprive left a job in Kansas City and moved to Chicago a year ago, she figured it would take three to six months to find a new position. After all, the 32-year old project manager had never been unemployed for longer than three months.

Serbia passes a special bill enabling Trump's son-in-law to build luxury complex despite opposition

BELGRADE, Serbia (AP) — Serbian lawmakers on Friday passed a special law clearing the way for a proposed real estate project that would be financed by an investment company linked to Donald Trump’s son-in-law despite and legal hurdles.

It's Time for Elon to Earn His $1 Trillion Payday - Ad

To collect, Musk has to deliver on his promise to unleash the "mind-blowing" technology Tesla insiders say will push the company into an entirely new market. But with Black Friday chaos sweeping the markets, almost no one sees what's coming. This is the stock we believe stands to benefit from Tesla's next major launch.

Trump Administration Is 'Built Different,' Says Polymarket CEO Shayne Coplan After Prediction Market Gets Green Light: 'Quiet Before The Storm'

Polymarket founder and CEO Shayne Coplan announced on Tuesday, November 25, that the prediction market platform has received approval from the  Commodity Futures Trading Commission for intermediated trading in the U.S.

Deep in Trump country, coal miners with black lung say government is suffocating the 'working man'

OAK HILL, W.Va. (AP) — Lisa Emery loves to talk about her “boys.” With each word, the respiratory therapist’s face softens and shines with pride. But keep her talking, and it doesn’t take long for that passion to switch to hurt. She knows the names, ages, families and the intimate stories of each one’s scarred lungs. She worries about a whole community of West Virginia coal miners — including a growing number in their 30s and 40s — who come to her for help while getting sicker and sicker from what used to be considered an old-timer’s disease: black lung.

Elon's Optimus to Mint New "Musk Millionaires" as Soon as Jan 26? - Ad

Elon Musk may be set to create more "Musk Millionaires" as soon as January 26... Because on that day, he's expected to officially launch his Optimus robot... An AI-powered robot that Elon himself says will be capable of "doing anything bar nothing". Now, it's important to point out that Elon hasn't released it to the public yet... But ahead of the launch, one Silicon Valley insider has identified a "backdoor way" for any American to invest in Optimus with a regular brokerage account...

Bill.Com Scales Payments Footprint With 33 Million Transactions

Bill Holdings, Inc. (BILL) reports Q1 fiscal 2026 results, beating analyst estimates with adjusted EPS of 61c and revenue of $395.74M.

Trump's 50-Year Mortgage Plan Sounds Great Until You See The Interest Bill

Trump's 50-year mortgage plan lowers monthly payments—but experts say it could double interest costs and slow home equity gains.

Trump Signs Law to Launch Dollar 2.0 - Ad

Trump just signed law S.1582, unleashing the biggest money shift in 100+ years. For the first time since 1913, private firms - not the Fed - can mint a "Dollar 2.0." Treasury says it could drain $6.6T from banks and pay 10X current savings rates. Early investors in minting firms could see 40X returns by 2032.

Purdue Pharma's deal means money for some victims, end of Purdue company name. Here's what to know

A judge said Friday that he planned to approve a deal and members of the Sackler family who own the company to settle thousands of lawsuits over the toll of opioids, allowing money to start flowing to victims as soon as next spring.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service