Dear friends, I hope you had a good break at the end of 2017, and wish you all the best for 2018. Late last year, we were involved in protesting against the Mines and Money Conference in London and challenging coal company GCM Resources at its AGM. We report on both...
When the great - no doubt sometimes also good, but frequently woefully ignorant - among mining outfits (and their desk-bound investment advisors) look at a risk-laden, problematic, prospect like Bougainville Copper Ltd's Panguna mine, any upturn in commodity markets are apt to be heralded as a golden opportunity.
Rio Tinto may have walked away from Bougainville, but a legacy of conflict remains. The ‘Bougainville Hardliners’ have strongly opposed the Autonomous Bougainville Government’s decision to re-open the Panguna Mine with Bougainville Copper Limited (BCL) as the preferred operator.
Rio Tinto subsidiary QMM’s ilmenite mine in Madagascar Report on the Rio Tinto AGM, London, Wednesday 12 April 2017 By Richard Solly, Co-ordinator, London Mining Network with assistance from Albert Beale, Andrew Hickman, Andy Whitmore, Mamy Rakotondrainibe,...
The President of Bougainville, John Momis, says his government is going ahead with legal action against mining giant Rio Tinto over the destruction caused by the Panguna mine. Rio Tinto was the majority owner of Bougainville Copper Ltd, which ran the mine for 20 years before it was shut down by a civil war, fostered by environmental and social damage attributed to the mine.
The former Rio Tinto majority-owned extractive venture hit world headlines when the Nasioi became the world’s first indigenous people to compel a major multinational to abandon one of its most valuable investments during a bid to defend their land against environmental destruction.
The Bougainville Government is launching an international campaign to pressure Rio Tinto and the Australian and Papua New Guinea governments to fund the clean-up of the Panguna mine environmental disaster.