South African community confronts Anglo Plat
JUBILEE SOUTH AFRICA UPDATE SEKURUWE COMMUNITY LAND DISPUTE (refers to alert of 26/1/09 – see below) SEKURUWE COMMUNITY STOPS ANGLO PLATINUM FROM BULLDOZING THEIR LAND, 29 Jan 2009 15:00 Since the Ministry of Land Affairs decided to sign the lease, giving way for Anglo Platinum to bulldoze ploughing fields and likely burial sites, an estimated [...]
Is Rio on the rocks?
by Roger Moody Despite recent disposals, in order to cover its massive debt, Rio Tinto’s prospects for selling more of the family silver (or copper, or nickel, or aluminium) look increasingly dim. Last year, its plan to sell off US$10 billion of assets fell on sterile ground – raising only just over a quarter of [...]
Anglo American and the South Africa Human Rights Commission
SAHRC finding highlights issues of community relocation to make way for mining The issue of human rights and mining is highlighted in a first-of-a-kind investigation into the relocation of communities to make way for mining…However…human rights activist Rhoda Kadalie…says that the report fails to state whether or not human-rights violations took place or who committed [...]
Indian villagers in human chain protest at Vedanta
BHUBANESWAR, India, Jan 27 (Reuters) – Thousands of tribespeople in eastern India, some carrying bows and arrows, formed a human chain on Tuesday to protest against a bauxite mine planned by Vedanta Resources Plc (VED.L), police said. See http://www.reuters.com/article/latestCrisis/idUSDEL400010 See also: Vedanta earnings fall 98% after writedown, metals slump
Polo Resources says private equity offer “significantly undervalues” assets
Private equity firm Denham Capital Management has made an offer for mining concern Polo Resources, listed on London’s Alternative Investment Market. Polo described the bid as highly conditional and claimed it significantly undervalued the company’s assets. Polo owns 29.8% of GCM Resources, proponents of the Phulbari coal mine project in Bangladesh.
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