News Archive

Scientists call for tougher treaty on deep sea mining to protect the oceans

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.

Vedanta’s Zambia unit seeks to shift liabilities to state

Vedanta Resources Plc's Konkola Copper Mines Plc unit has removed "a lot of money" from Zambia and wants the government to assume its liabilities that exceed $1.5 billion, said the nation's Vice President Guy Scott. "This is a matter of national importance," said Scott. "It's a matter concerned with billions and billions of dollars, tens of billions of kwacha, that we stand to lose if we don't stand together and show that we won't be taken for a ride."

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