Monthly archive February, 2012
GCM's Phulbari project threatens fundamental rights, warn UN experts

GCM’s Phulbari project threatens fundamental rights, warn UN experts

UN experts believe that GCM’s Phulbari project would cause “massive disruption”.

Direct action against Xstrata in Argentina

Peoples’ struggles against Minera Alumbrera have become very active this past month in northern Argentina. The protests are aimed at shutting down the mine, and against the lifting of a judicial order prohibiting any activity …
Read more

BHP scraps plans for Congo smelter

BHP Billiton has shelved plans to build an aluminium smelter that would have underpinned a hydropower plant known as Inga III in the Democratic Republic of Congo. “Following a review of the project’s economics, BHP …
Read more

Olympic Games organisers face protests over BP sponsorship deal

London 2012 chiefs have been criticised in an open letter, signed by LMN and other organisations, for allowing the oil giant to be major sponsor and official ‘carbon offset partner’.

See http://www.guardian.co.uk/business/2012/feb/17/olympic-games-protest-bp-sponsorship.

There is …
Read more

U.S. judge orders Vedanta to pay $82.75m in damages

U.S. judge orders Vedanta to pay $82.75m in damages Vedanta Resources has been dealt a “comeuppance” – yet again. This time, however, it has little to do with the UK company’s unparalleled disrespect for communities, …
Read more

London Calling dials into an Indian scandal

It’s a whopper of a scandal – even by Indian standards. Between US $8 billion and US$20 billion is believed to have been “pinched from the public purse” over the past four or so years …
Read more

Bakrie Group expects Rothschild to remain on Bumi board

Key shareholder in Bumi Plc, Bakrie group, expects financier Nat Rothschild to remain on Bumi’s board after a March meeting at which he was expected to be removed from his role as co-chairman.

See http://www.mineweb.com/mineweb/view/mineweb/en/page504?oid=145723&sn=Detail&pid=92730
Read more

Mesoamerican communities declare opposition to mining model

A group of organizations and communities from across Mesoamerica, opposed to mining, recently gathered in Honduras to develop joint strategies and principles. They issued a declaration reflecting growing resistance to large scale mining in various …
Read more

Campaigners demand law urging mining companies to open up their books

Campaigners from anti-poverty groups CAFOD, Tearfund and ONE today sent an early Valentine’s Day message to newly appointed minister Norman Lamb by carrying a giant love heart with the message ‘love truth’ to the Department …
Read more

Toxic Waters Threaten Johannesburg

The discovery of gold was the reason for the birth and the rise of Johannesburg, long called the “City of Gold.” But a century later, those same mines, where toxic water has built up in …
Read more

Bank of China moves closer to LME membership

The addition of Bank of China International to the world’s biggest metals market is expected to increase trading volumes, which in turn will boost its attraction as a takeover target.

See http://www.mineweb.com/mineweb/view/mineweb/en/page504?oid=145721&sn=Detail&pid=92730.

 …
Read more

Anglo American dashes hopes for ‘special dividend’

The company dashed hopes it will use cash “trapped” in South Africa by exchange controls to fund a special dividend, opting rather to sweeten its regular payout after posting a 14% rise in FY profit.…
Read more