Rio Tinto official admits taking bribes

Australian Stern Hu has admitted that he took bribes while heading up Rio Tinto’s iron ore team in Shanghai. China has accused Hu and his Chinese colleagues Liu Caikui, Ge Mingqiang and Wang Yong of giving and receiving bribes and inducing Chinese steel company...

African Barrick Gold comes to London

African Barrick Gold (ABG) priced its initial public offering (IPO) at 575 pence per share, at the bottom end of the 550 pence to 650 pence range, ahead of the start of trading on Friday. The price for ABG, the biggest flotation in London in almost two years, values...

BHP confident JV with Rio will go ahead this year

Global miner BHP Billiton said it expects to finalise its iron ore joint venture with Rio Tinto this year and took a swipe at a plan being considered by Australia to hike taxes on miners. “It is imperative that the impact of any policy and tax changes of...

Ramesh takes on Indian Supreme Court over Vedanta

After having locked horns with the Orissa government on the Vedanta mining project, Environment and Forest minister Jairam Ramesh has now taken a dig at the Supreme Court over the issue. He said it was only in the case of Vedanta that the Supreme Court overruled its...

Tribe readies for battle against Vedanta's mine

The Dongria Kondh tribe who live in the Niyamgiri Hills of Orissa do not normally go to the top of the bauxite-rich slopes. The hilltop is considered sacred, the place where their presiding deity Niyam Raja (literally, the King of Law), or the Universal Lawgiver, is...

Barrick Gold and its disputes in Dominican Republic

The world’s biggest corporate gold miner, Barrick, has been saddled with yet another accusation that it’s been operating illegally – this time in the Dominican Republic. Coincidentally, the issue of the contract between Pueblo Viejo Dominicana...

Farmers claim win in BHP fight

Australian farmers fighting  proposed coal mining by the world’s biggest mining company recently vowed to continue their struggle, after losing a court action. Now they have been partially vindicated, as the country’s Supreme Court finds that BHP...

Goldcorp's Guatemala mine 'exploiting' locals

Rights activists and residents have accused the Canadian owners of Guatemala’s largest gold mine of exploiting local communities. Most worrying, they say, is the use of highly toxic cyanide to separate gold particles from the rock. Some residents claim that...