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 (see below) allows a period of 30 days to file an appeal on environmental grounds, but full-scale mining could start [...]
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.
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 appoints a distinguished jury of Aotearoans (New Zealanders) to decide which enterprise qualifies as “THE WORST TRANSNATIONAL CORPORATION OPERATING IN [...]
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 left open the prospect of it recasting the deal to see off criticism from shareholders that since the deal was [...]
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 clearance from the Committee on Foreign Investment in the United States. It still needs approval from the Australian Government, with [...]
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