Monthly archive February, 2010

London Calling deplores the gilding of Tata’s tarnished image

New York-based Rainforest Alliance has certified Tata (Tetley brand) teas as “sustainable”. The first products carrying this highly sought-after stamp of approval will be selling in the UK before April, and throughout the world over …
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The impacts of uranium mining on indigenous communities

Uranium mining speculation lacks comprehensive health and safety regulations while the ethics of Canadian exported uranium, which can lead to depleted uranium used in zones of war, needs greater scrutiny. Abandoned uranium mines and the …
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LME molybdenum trading attractive for new players

Molybdenum trading on the London Metal Exchange, which began February 22, will mainly be attractive for new players on the market as they will need protection from price volatility, according to Pablo Bascur, managing partner …
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Copper price up 6.3% week-on-week despite higher stocks

The price of copper closed at US$3.262/lb cash on the London Metal Exchange Friday, up 6.3% week-on-week, while global stocks rose 0.9% to 766,712t, enough for 2.2 weeks of world consumption.

See http://www.bnamericas.com/news/metals/Copper_price_up_6,3*_week-on-week_despite_higher_stocks/175372189.…
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World’s top firms cause $2.2tn of environmental damage, report estimates

Report for the UN into the activities of the world’s 3,000 biggest companies estimates one-third of profits would be lost if firms were forced to pay for use, loss and damage of environment.

See http://www.guardian.co.uk/environment/2010/feb/18/worlds-top-firms-environmental-damage
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Communities protest against British-based mining companies in South Africa

The press statement below mentions Richard Spoor. Richard Spoor is a human rights lawyer who has represented communities resisting encroachment on their land by mining companies. He is currently being sued for defamation by Anglo
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Rowntree trust pulls out of Vedanta

Trust sells Vedanta shares over human rights abuse

After the Church of England, another British investor has decided to sell its shares worth 2.2 million pounds (Rs.159 million/$3.5 million) in the Indian-owned mining company Vedanta …
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Uranium contamination from Kakadu mine 5400 times background

Environmental regulators for the office of the Supervising Scientist admitted to an Australian Senate Estimates committee that water with uranium concentrations 5400 times the background level and a cocktail of other radionuclides are seeping from …
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The Big and the Small

Millions of workers around the world depend on income from small-scale mining. Three new reports examine how their economic survival can be promoted, but they come from different perspectives.

The industry body, ICMM, regards …
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British miner to continue march through Europe

MINING and power group Hargreaves Services pledged to continue its drive into Europe as it reported six months of surging profits despite low coal prices. The firm, which owns Yorkshire’s Maltby colliery and employs more …
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Western Shoshone return to court, citing violations by Barrick Gold

Last December, Western Shoshone plaintiffs won a court stay on expansion by Barrick Gold of its major Cortez gold mine in Nevada, citing environmental violations. Since then, the company has proceeded with the project after …
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Gas plant pipedream a nightmare

Another tick of approval on a $30 billion gas processing operation in the Kimberley has put Western Australia one step closer to Premier Colin Barnett’s stated aim of becoming the “Saudi Arabia of natural gas”. …
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