Monthly archive May, 2010

Anglo American subsidiary under fire again in South Africa

Press Release from the Bench Marks Foundation, http://www.bench-marks.org.za/

Anglo Platinum employee accused of disrupting community meeting

The Bench Marks Foundation has expressed its concern suggesting that an employee of Anglo Platinum was instrumental in …
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BankTrack calls on banks to stop funding nuclear power

BankTrack, in cooperation with a number of working partners, today (26 May 2010) launches http://www.nuclearbanks.org, a new website mapping the involvement of 45 leading commercial banks in funding nuclear power projects and companies active …
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Goldcorp mired in controversy

Goldcorp is a Canadian company but among its major investors are British-based AXA Investment Managers UK Ltd (US$4.3 million), Blackrock Commodities Income Trust plc, and City Natural Resources High Yield Trust PLC, according to the
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Kakadu being poisoned by Rio Tinto mine, group warns

Millions of litres of radioactive water from the Ranger uranium mine have flowed into world heritage-listed wetlands in Kakadu National Park. Aboriginal traditional owners say they will oppose plans for a huge expansion of the …
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Update on Rio Tinto at Oyu Tolgoi

Billions of dollars between friends

The Oyu Tolgoi project in Mongolia has a total phase one capital cost of 4.6 billion US dollars and proponent Ivanhoe Mines has only been able to pursue it because …
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Claims of hypocrisy as Rio unilaterally cuts super benefits

RIO Tinto is cutting back on promised superannuation benefits to hundreds of current and former staff as it recasts its business plans in Australia, according to a former manager and 25-year veteran of the company.…
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Residents’ fears over Australian coal mines

Once more the issue arises of the health impacts from coal mining on local communities. In this case it is the coal mines of Australia’s Hunter Valley (where around 70% of the capacity is mined …
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Rio Tinto and BHP Billiton pile tax pressure on Australian PM

BHP quoted saying mining tax lowers value of Rio JV

BHP Billiton chief executive Marius Kloppers said the Australian government’s proposed mining tax has cut the value of its proposed Pilbara iron ore merger with …
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BHP’s ‘tea money’ missing in Cambodia

BHP Billiton is being investigated by the US Securities and Exchange Commission (SEC) over violations of anti-graft laws. There was some speculation on the unnamed jurisdiction. It now appears likely to be Cambodia after these …
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World’s top 100 miners: is it a bear market?

In just six weeks, global markets turbulence has ripped the shoes off global miners. Measured on its London listing, BHP Billiton, the world’s biggest diversified resources stock, touched all time records on April 6, …
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Open-pit coalmining at Phulbari not feasible

The geological and hydro-geological environment of the Phulbari coal basin is not favourable for open-pit mining, writes AKM Shamsuddin.

But Asia Energy, owned by London-listed GCM Resources, is determined to proceed with just such …
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Shell, RBS challenged over tarsands

Shell: investor campaigners strike blow on tar sands

Shareholders have fired another warning shot across the bows of an oil major with just under 11% of shareholder votes at today’s annual general meeting of oil …
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