Monthly archive November, 2008

BHP Billiton abandons Rio offer

BHP Billiton has called off its bid for rival miner Rio Tinto, blaming falling commodity prices and regulatory demands that it sell off assets. See http://news.bbc.co.uk/1/hi/business/7747418.stm.…
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BHP Billiton pulls out of Gag Island project

Following last month’s BHP Billiton plc AGM in London, and before this week’s BHP Billiton Ltd AGM in Australia, the company has pulled out of one of its most severely criticised projects. Some commentators …
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Vedanta subsidiary forced out of Kolli Hills

Although Vedanta’s operations in Orissa – specifically its planned bauxite mining of the Nyamgiri hills – have attracted considerable international criticism, prompting a number of major India and UK NGOs to adopt campaigns, comparatively little …
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Vedanta may go ahead with Tuticorin copper smelter

The welcome news that Vedanta has been fprced out of  the Kolli Hills has been somewhat over-shadowed by a decision, made in August by India’s Expert Appraisal Committee (Industry), but only just announced, that the …
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Vedanta ramps up copper production in Zambia

Vedanta is “ramping up” its copper production at Zambia’s biggest mine despite rising costs, in the hope that it can drive down prices from its suppliers. This is virtually certain to result in lay-off of
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Giant mines scramble to cut output

Mining companies – which couldn’t dig minerals out of the earth fast enough just a few months ago – are now  struggling to climb out of a very deep hole. See http://www.minesandcommunities.org/article.php?a=8933
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Insider trading at Monterrico

Richard Ralph, formerly British Ambassador in Peru and then, until recently, Chair of London-based Monterrico Metals, has been fined almost £120,000 for insider dealing.

See coverage in:

The Times

The Guardian

The Telegraph

Daily Mail
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Film about Anglo American/Rio Tinto project in Alaska

Information provided by Amelie Peck, Node Manager, North American Mountain Forum, Banff, Alberta, Canada

20 November 2008

The People’s Choice award at this year’s recent Banff Mountain Film Festival was awarded to the …
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Half-truths and evasions

Report of the BHP Billiton plc AGM, Thursday 23 October, London

Summary

At its AGM (annual shareholders’ meeting) in London on 23 October, BHP Billiton was attacked over its record in the Philippines, Indonesia, Guatemala …
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BHP Billiton: image and reality

Briefing for the BHP Billiton plc Annual General Meeting, 23 October 2008

BHP Billiton is the largest mining company in the world. Jointly listed on the London and Australian Stock Exchanges, it has a market …
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