China's "excess steel capacity" is "like the sword of Damocles hanging over the country's steel industry" - to such an extent that "some of the largest steel mills in China have turned to raising pigs and running plumbing services to stay in the black". This will affect major suppliers of iron ore like Rio Tinto and BHP Billiton.
The UK and other governments have succeeded in watering down new European rules designed to boost corporate transparency, by blocking plans that would have required large private companies to report on their environmental and social impacts, alongside firmslisted on stock exchanges.
Posco's proposed steel plant near Paradip in Odisha, India, seems to be plagued by conflict. Recently, the supporters of the project have taken up to agitation against Posco alleging non-fulfillment of promises made by the company and the local administration. While the movement opposing the project has delayed its execution, this fresh agitation by supporters has become another problem for Posco and the Odisha government. British-based investors in South Korean company Posco include Barclays, Alliance Bernstein/Alliance Bernstein Global Wealth Management, Foreign and Colonial Investment Trust PLC, and Henderson Far East Income Limited. (Photo: AFP)
A new treaty could be used to police the expected rise in deep-sea mining. It could also ensure that gains from marine genetic resources are fairly shared. Capacity building is needed to help developing nations exploit their resources. London-listed Nautilus and Canadian company Neptune, in which Anglo American is a major shareholder, are among deep sea mining's front-runners.
London-listed African Barrick has been running a project level grievance mechanism for victims of violence and rape at its North Mara mine in Tanzania. While there is little public information about the program, a legal waiver has surfaced in the context of an ongoing law suit by Leigh Day.
As the purported end of the Marikana Commission and the 2014 elections head for a flashy collision, it is clear that there is no chance that the commission will complete its work by April. Expect that it be extended, again. Despite this, the inquiry is making some startling revelations.