Bumi’s lesson: FSA light-touch approach does not work

Press release from Down to Earth, London Mining Network and War on Want Date:  2 October 2012 The announcement (1) of new Financial Services Authority (FSA) rules on reverse takeovers (2) and other regulatory ‘blind spots’ is yet another case of too little...

Bumi: we said so, didn't we?

London Mining Network and others have been warning of malpractice at Bumi for months. At last, the Financial Services Authority is beginning to take notice. Click on the photo for more...

Report calls for stricter regulation of UK mining companies

London Mining Network has published a report calling on the government to include a review of regulatory regimes as part of the current discussion on the Financial Services Bill. The Bill is replacing the existing FSA with a new body, the Financial Conduct Authority,...

London Stock Exchange – occupied by coal

New analysis from Carbon Tracker shows how the growing number of coal mining companies listing in London exposes the financial market to a significant systemic risk. Investors tracking the FTSE AllShare Index are facing increasing efforts across the world to regulate...

Vedanta on trial

Sixteen years of fraud? Vedanta Resources’ launch on London’s stock exchange in late 2003 was the second biggest UK floatation of that year – and the largest-ever by an Indian company. It had taken several months for the UK’s Financial Services...