Mining giant BHP Billiton says it will defend itself against a class action lawsuit in Australia over Brazil's 2015 dam disaster. More than 3,000 investors have signed up to the lawsuit, and which alleges that BHP failed to disclose the risk of the dam's failure to the stock market, and misled investors over the company's safety guarantees.
Labor negotiations at Chile's Escondida copper mine, the world's largest, are frozen without signs of progress toward an agreement just over a week before the current contract expires, the union said in an internal message to its members.
Rio Tinto has marked a key milestone in the company’s operations in the United States with the opening of a new commercial office in Chicago, Illinois.
Chicago has long been one of the world’s historic commodity hubs. The new Rio Tinto office will allow for expanded engagement and provide opportunities for partnerships with new and existing customers
The Federal Prosecutor's Office of the Citizen's Rights (PRDC / MG), an agency of the Federal Public Ministry (MPF), requested the court to cancel the provisional and installation licenses granted by the State of Minas Gerais to Anglo American Iron Mining Brazil for the implementation of Step 3 of the company's iron ore exploration and transportation expansion project in Conceição do Mato Dentro, central region of the state.
Billionaire Anil Agarwal’s Vedanta Ltd. said non-governmental organizations are to blame for the shutdown of its copper plant in southern India, as the company prepares for a lengthy battle to restart the operation.
As if ongoing probes on both sides of the Atlantic weren’t enough to deal with for miner and commodities trader Glencore, now a group of shareholders is mulling potential actions against the company for causing them to lose money.
A mineral sands operation on the South African coast run by Rio Tinto has been closed since Friday due to violent community protests which saw a security guard killed earlier this week, the company and a union said on Wednesday.
Glencore Plc will buy back as much as $1 billion of its shares, a move that may soothe investor concerns after the world’s top commodity trader was hit by a U.S. Department of Justice probe earlier this week.
On Wednesday 27th June, Spanish campaigners attended the AGM of London-listed mining company Atalaya Mining to raise concerns about the company’s operations across Spain.
Atalaya, which is listed on London’s Alternative Investment Market (AIM), is the owner of the Riotinto copper mine in Huelva, Andalusia [not connected to Rio Tinto mining company], and has plans to re-open a copper mine in Touro, Galicia and to explore for zinc near Santander, Cantabria. Each of these projects is subject to criticism and opposition from local residents, community associations and NGOs.