BHP Billiton, Rio Tinto and Xstrata continue tax campaign

Rio Tinto worried Australian tax may give other countries ideas Prime Minister Kevin Rudd’s proposed ‘super tax’ on miners is still causing the industry to vent its collective spleen in anger. Xstrata have added to the list of companies promising to...

BHP, Eskom sign revised Mozal tariff deal

South African power utility Eskom said it had signed an amended tariff deal with BHP Billiton for its Mozambican aluminium smelter to remove a link to commodity pricing that hit Eskom’s balance sheet last year. See...

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 by subsidiaries of Anglo American, BHP Billiton, Rio Tinto and...

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 Sydney Morning Herald articles discover...

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, just below £23.50 a share; since then...

Australian mining 'super tax' has miners running

Prime Minister Kevin Rudd’s proposed ‘super tax’ on miners has certainly got the companies raging. Like rich celebrities in a UK election, they are threatening to leave the country if they are over-taxed. Shares of mining giants BHP Billiton and Rio...

San Carlos Apache call for removal of Resolution Copper

Representatives of the San Carlos Apache Tribe in the southwestern United States read out a statement at the recent meeting of the UN Permanent Forum on Indigenous Issues in New York. The statement concerned the activities of Resolution Copper, in which BHP Billiton...

Escondida ups profits 160%, output 5% in Q1

Chile’s Escondida, the world’s largest copper mine, posted net profits of US$1.03bn in Q1, a 160% increase from US$394mn year-on-year, the company said in a release late Monday. Escondida’s owners include BHP Billiton and Rio Tinto. See...

Multinationals 'on trial' for mining activities in Colombia

Several multinational companies with activities in Colombia were ‘on trial’ in Madrid last weekend during the Permanent Peoples’ Tribunal. Most cases deal with violations of human rights and liability for environmental degradation. They included the three...