GCM Resources Plc (GCM.L) swung to a full-year pretax loss and said it remained fully committed to the Phulbari Coal project in Bangladesh and that it had cash of 1.4 million pounds as at end-June.…
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Korba’s Killing Field
Stop Press: According to Agence France Press (14.30 pm GMT) more than a hundred are now feared to have died in this disaster, with dozens more bodies still to be accounted for.
At least thirty …
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Overburdened: the hidden realities of India’s holiday state
One of the world’s leading business websites, Forbes.com, has turned its attention to the unacceptable activities of companies that are mining iron ore in the Indian “holiday” state of Goa.
The key culprit identified is …
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Asarco bidding battle enters final strait
Just one more hurdle faces Grupo Mexico, before it’s allowed to take over one of the world’s biggest copper companies, the bankrupted Asarco.
There’s still a prospect that Vedanta Resources will pip the Mexican miner …
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Continuing Indigenous opposition to Vedanta
A plea to Vedanta – stay out of the Niyamgiri Hills
“I am a Dongria Kondh and take pride in my identity. I live in the Niyamgiri hills. The hills are also the abode of …
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Guinea regime says it will audit global miners
Recently, the government of DR Congo announced results of an audit of mining contracts signed with the former military regime, mostly by foreign companies. Arguably, it took the return of a fragile democracy (though certainly …
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AngloGold Ashanti given green light in Colombia
The Colombian mines and energy ministry (Minminas) said the country has the necessary knowledge and experience to ensure that the development of the La Colosa gold project will meet all social and environmental standards. Communities …
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More shootings at Freeport Rio Tinto’s Grasberg mine in Indonesia
A weekend attack left two security guards injured but has not affected production, the company said.
See http://www.mineweb.com/mineweb/view/mineweb/en/page34?oid=89128&sn=Detail.…
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Rio Tinto suspends iron ore talks with China
Rio Tinto says iron ore price talks with China suspended, no idea when they might resume.
See http://finance.yahoo.com/news/Rio-Tinto-suspends-iron-ore-apf-321216491.html?x=0&sec=topStories&pos=7&asset=&ccode.…
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How UK oil company Trafigura tried to cover up African pollution disaster
In a case that has implications for mining companies as well as oil companies, the British oil trader Trafigura has offered to pay out in a historic damages claim from 31,000 Africans injured by the …
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BHP Billiton boss’s pay goes up by more than 50% while his company’s profits topple by a third!
REMUNERATION for BHP Billiton chief executive Marius Kloppers soared 51 per cent to $US10.39 million ($A12.08 million) in the June year, despite broad-based government and community pressure for executive pay restraint in the wake of …
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