U.K. coal-fed power stations will gain an extra year of profitability after the government froze a carbon dioxide emissions tax designed to help fight global warming, according to Bloomberg New Energy Finance.
On 31st March 2014, local landowners who are members of the Ejido Carrizalillo in the municipality of Eduardo Neri, Guerrero, Mexico issued a communiqué stating that they will shut down Goldcorp's Los Filos mine following a breakdown in negotiations with the company over their land rental contract. Goldcorp is a Canadian company with British investment. Among Goldcorp’s major investors are British-based AXA Investment Managers UK Ltd., Blackrock Commodities Income Trust plc and City Natural High Yield Trust plc.
After nearly a decade of litigation over environmental devastation in the Philippines caused by Placer Dome’s mining operations (now Barrick Gold Corp.), Barrick has reportedly given the Province of Marinduque a take-it-or-leave-it settlement offer that would prohibit the Province from spending a penny to clean up the damage the company left behind. Barrick is a Canadian company in which there is major British investment.
"This forest is our life. We get everything from it," says 45-year-old Bhajandhari Kushwaha, vowing to fight plans by Mahan Coal Ltd (MCL) - jointly owned by London-listed Essar Energy Plc and the Aditya Birla-owned Hindalco Industries Ltd (HALC.NS) - to mine part of the 1,000-square-km (385-square-mile) woods for coal. "Whatever compensation the company is offering us, we do not want it. We will fight until we die, if that's what it takes."
Kazakh miner ENRC, which recently delisted from the London Stock Exchange, is considering selling all its international assets, including its coveted copper operations in Congo, as its founders come under increasing pressure to repay a big loan they took on to privatize the company, industry and banking sources said. Among the most likely buyers of the copper mines in the Democratic Republic of Congo (DRC)- ENRC's jewel outside Kazakhstan - are London-listed commodities trader and miner Glencore Xstrata and its rival Trafigura, the sources said.
Last week was designated 'Mining Hell Week' in the Philippines by national alliance Alyansa Tigil Mina, who mobilised local communities and their supporters to campaign in Manila around some key local and national issues. A delegation of bishops visited the President, primarily to reiterate calls for Glencore Xstrata's Tampakan mine to be stopped. They handed in a letter from the Catholic Bishops' Conference of the Philippines supporting that call.
London-listed African Barrick is said to be aiming for more autonomy from its Canadian parent, which may include a name change. Canadian company Barrick tried to sell part or all of its interest in African Barrick to China National Gold Group in 2012, but the deal fell through in 2013.
On the night of January 17, more than 2,000 men armed with pangas, stones and hammers raided the North Mara Gold Mine in search of waste rock filled with tiny amounts of gold. In the ensuing battle with mine guards and police, one officer was injured and one of the intruders was killed. If this story sounds familiar, that is because incidents like these have happened for years.
Vedanta Resources' executive chairman has used a top-level Indian "conclave" to contrast Chinese centralised "development" with the US version of its neo-liberal opposite. He did so in New Delhi on 7 March. Mr Agarwal's address to the New Delhi conclave found him, once again, posturing as an iconic Indian entrepreneur, on an heroic mission to bring enhanced livelihoods to his fellow countryfolk. And that's the biggest piece of bulldust among the many myths he's trying to peddle.