Search results for "Rio Tinto"

Bougainville: Moratorium re-confirmed on Panguna mine

The long-lasting, intense, debate over a re-opening of the ill-fated Panguna copper-gold mine (formerly owned by Rio Tinto) in Bougainville, seems to have reached an interim resolution. (See: Bougainville announces moratorium on Panguna mine ). PNG Industry News has now confirmed that: "The doors to Bougainville Copper Mines (BCL) and RTG Mining - both anxious to redevelop the mine which has been closed since 1989 - have now been firmly shut by President John Momis".
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Rio Tinto’s take on the challenges of resource availability

The company claims Africa to be the "largest untapped source of growth for our industry...providing us with the opportunity, in partnership with the east, to be part of the once-in-a-lifetime transformation story". So, metals and materials will be dug up on earth's poorest subcontinent, to serve the pretended needs of growing middle-classes in China, India, and elswhere in Asia. No surprise there - Rio Tinto has been doing much the same for over a century, while the Chinese state has become the company's pre-eminent shareholder. New markets may be radically re-targeted, but the colonial trope appears as much in evidence as ever - though now dressed up in more evocative and fancier clothes.
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