Vedanta: Risks to banks
At a September seminar in London with investors in Vedanta, mining researcher Roger Moody of Nostromo Research gave the following paper on risks to banks from investments in the company.
Roger has 26 years experience in studying the mining industry.
Roger started by comparing Vedanta’s Anil Agarwal with Dick Fuld – the toast of Wall Street three [...]
World on course for catastrophic 6° rise, reveal scientists
Fast-rising carbon emissions mean that worst-case predictions for climate change are coming true. The world is now firmly on course for the worst-case scenario in terms of climate change, with average global temperatures rising by up to 6C by the end of the century. Such a rise – which would be much higher nearer the [...]
Britain’s nuclear strategy threatens destruction of Namibian desert
Namibian environmentalists warn expansion of uranium mining could devastate spectacular natural landscape. The hidden cost of Britain’s new generation of nuclear power could be the destruction of the desert in Namibia and millions of tonnes of extra greenhouse gas emissions a year.
See http://www.guardian.co.uk/environment/2009/nov/08/nuclear-power-namibia-mining.
Indonesia: NGO denounces government’s “green rating” of mines
Indonesia’s leading mining advocacy organisation, JATAM, has deplored police violence used on protestors who demonstrated against an Australian iron ore project last month.
Claiming this to be just one example of the government “putting foreign investor interests above those of the local communities”, JATAM also criticises Indonesia’s Ministry of Environment for making “green” awards to specific [...]
BHP and Rio Tinto face new hurdles over world’s biggest mining merger
Earlier this year, two of the world’s three leading iron ore producers inked a deal to create what (by market capitalisation) would be the globe’s largest mining venture. BHP Billiton and Rio Tinto are still working on the joint venture deal, but the devil is in the detail – not least because China, its leading [...]
keep looking »
