Vedanta’s flagship project may be in doubt
Is a new wind blowing through India’s villages and hills? Yes, something of a breeze seems to be wafting towards Nyamgiri – site of a proposed massive bauxite mine. This has already proved to be the most controversial of India’s brace of planned mining projects, at least so far as the rest of the world [...]
US bidding intensifies, as two bad companies vie for a third
Although overshadowed by its “battle for Nyamgiri”, Vedanta Resources’ bid for US copper company, Asarco, is probably just as important a strategic priority for the UK company. Notorious hedge fund manager, Philip Falcone, is rumoured to be backing Vedanta in the bid. He’s the guy who set up Harbinger Capital, which helped bring UK insurance, [...]
Human Rights Commission to investigate Survival complaint
India’s National Human Rights Commission has written to the Government of Orissa demanding a full report into its joint venture mining project with British mining giant Vedanta Resources, following a complaint submitted by Survival. The complaint concerns Vedanta’s plan to mine for bauxite in the Niyamgiri Hills, eastern Orissa. The mine site is sacred to [...]
London Calling asks whether Rio Tinto will be lost (or saved?) at sea
Although Rio has now regained third position in the global hierarchy (based on its market capitalisation) Sergeant ascribes this achievement almost wholly to the company’s ascendancy in the seaborne iron ore trade. (What he doesn’t add is that, as last month’s arrests of Rio’s top Chinese negotiators have shown, Rio isn’t exactly flavour of the [...]
Rio Tinto’s Eagle Project allowed with caveat
Judge upholds permits for Rio Tinto subsidiary’s mine in USA, but with caveat
Administrative Law Judge Richard Patterson announced on Tuesday, August 18, that he will uphold permits issued to Kennecott Eagle Minerals Company by the Michigan Department of Environmental Quality (MDEQ) in 2007 for the company’s “Eagle Project,” a nickel and copper sulfide mine on [...]
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