Monthly archive May, 2009

Rio Tinto: divide and rule in the US Midwest

An excellent report on mining company strategy is now available at the Lake Superior Mining News.  Teresa Bertossi’s very useful Mining for Public and State Approval:  Corporate Strategies for Mining on Michigan’s Yellow Dog Plains
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Activists opposing Anglo American subsidiary on trial in South Africa

Jubilee South Africa
National Office
Press Statement

25 May 2009

47 MINING ACTIVISTS IN SEKIMING, LIMPOPO ON TRIAL TODAY IN MOKOPANE (25 May)

Community activists from Jubilee Sekiming, near Mokopane Limpopo are on trial today …
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Landowners’ struggle against Implats

Impala Platinum (Implats) is the second largest producer of platinum after Anglo American subsidiary Anglo Platinum. Implats is listed on the Johannesburg Stock Exchange but has a subsidiary listing on the London Stock Exchange
Jubilee
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Appreciating mineral prices – and how they affect companies’ prospects

National currency appreciation in mineral-dependent states is conventionally “bad news” for mining companies, which are heavily reliant on exports priced in dollars. While fluctuations in exchange rates have, in recent years, often not had major …
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Indigenous Lands Plundered in Mining, Oil and Gas Rush

UNITED NATIONS – Leaders of the world’s 370 million indigenous peoples who are attending an international meeting here this week say they want governments to stop oil and gas corporations from further extraction on their …
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Vedanta’s Niyamgiri project given environmental clearance

A bauxite mining project in the Niyamgiri hills, sacred to the Dongria Kondh people in Orissa, India, has been given environmental clearance by the Indian Government’s Ministry of Environment and Forest (MoEF). The  clearance notification …
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Vedanta fined by Indian judge

Vedanta has been fined by a court in India, as the judge declared environmental activism vital to combat “mankind’s folly”.

See http://www.minesandcommunities.org/article.php?a=9245.…
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Rio Tinto’s “outrageous exercise in political blackmail”

For several decades, New Zealand’s CAFCA (Campaign Against Foreign Control Of Aotearoa) has been fighting to preserve the country’s resources and territory for its own citizens, not least Indigenous Maori nations.

Each year the organisation …
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Rio Tinto out to save Chinalco deal

RIO TINTO has stepped up its canvassing of shareholders to determine what changes will be needed to secure their approval of the group’s controversial $US19.5 billion  refinancing compact with China’s state-owned Chinalco. Rio has formally …
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US regulator approves Rio-Chinalco deal

The US foreign investment regulator has given its approval to Rio Tinto and Chinalco’s proposed $26 billion deal. The tie-up would see them take a small indirect stake in an American copper corporation, and needed …
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Freeport rejects modest environmental motion

In view of the enormous destruction being wreaked on people and the environment by Freeport-Rio Tinto’s mining operations in West Papua, proposing the company appoint an “environmental expert” to its board doesn’t sound earth-shattering. Indeed, …
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Diamonds are for sovereign wealth? Don’t bank on it

Over the past several months, global demand for diamonds has plummeted. Now, the world’s biggest diamond mining company, De Beers (45% owned by London-listed Anglo American) is trying to boost sales by persuading a new …
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