Anglo American CEO Mark Cutifani and his management team have a huge task ahead of them in persuading shareholders to stick with their strategy of focusing on three core commodities of copper, diamonds and platinum after last week's surprise announcement that Indian billionaire Anil Agarwal had acquired the second-biggest stake in the group.
In its latest report, released on 9th March 2017, the Norwegian Council of Ethics has again excluded Vedanta from the Government Pension Fund’s investment universe. The report is an indictment of Vedanta’s pattern of operation at four subsidiaries in Odisha, Chhatisgarh, Tamil Nadu and Zambia, finding “numerous reports of Vedanta’s failure to comply with government requirements” and concluding that “there continues to be an unacceptable risk that your company will cause or contribute to severe environmental damage and serious or systematic human rights violations.”
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.
A federal court in Minas Gerais has suspended a case brought by prosecutors seeking 155 billion reais ($49.7 billion) in damages for the 2015 Samarco mine disaster. Vale said in a securities filing the court suspended other lawsuits to facilitate negotiation of a final deal on damages resulting from the collapse of a tailings dam at the mine - a joint venture between Vale and the world's largest mining company, BHP Billiton.
The UK government plans to phase out coal fired power stations by 2025. For communities impacted by coal extraction, this is not soon enough. In this short film people from the UK, USA, Russia and Colombia speak about the impact of coal mining on their lives and how we should be urgently moving towards a low carbon economy, based on developing renewable energy industries.
NGOs and civil society from Papua New Guinea, Australia, Germany and around the world are calling for a ban on seabed mining. They challenge the development of regulations by the International Sea Bed Authority (ISA) and the German Government’s push to strengthen these regulations at a meeting in Berlin.