Indonesia-focused Asia Resource Minerals - the scandal-ridden company formerly known as Bumi - has granted the Bakrie family an extra week to pave the way for their split from the company.
Last week several articles were published in the Zambian media reporting on a press briefing held by Vedanta executive Tom Albanese following a ‘closed door meeting’ he held with Labour and Social Security Minister Fackson Shamenda in Lusaka, Zambia, on the 7th February. Mr Albanese met with the Minister to refute claims made in Foil Vedanta‘s report ‘Copper Colonialism: Vedanta-KCM and the copper loot of Zambia‘, released to the Zambian press on January 31st.
On Wednesday 12th February the Church of England's governing Synod voted overwhelmingly in favour of a motion to ensure that C of E investment policy is aligned with their policies on climate change, and to establish a working group on the environment to monitor this and other environmental issues. This may affect the Church's investments in mining companies. The vote was welcomed by Christian climate change campaign organization Operation Noah.
Last Thursday, the Rio Tinto Global Union Network took to the streets of Cape Town, supported by hundreds of members from IndustriALL Global Union affiliated mining unions, National Union of Mineworkers (NUM) and South African Clothing and Textile Workers' Union (SACTWU). The demonstrators demanded an end to Rio Tinto’s bad corporate behaviour at its operations around the world.
The global union IndustriALL recently launch a global campaign against Rio Tinto. The company has also been opposed by environmental groups at its proposed Bunder diamond project in India. Finally, in Australia a legal challenge from Aboriginal traditional land owners over the land lease for the Gove aluminium refinery has failed, but no doubt the company is in for more headaches as they close the plant.
The Australasian Centre for Corporate Responsibility (ACCR, a partner of LMN member group ECCR)) has lodged two resolutions for consideration at the AGM of Rio Tinto subsidiary Bougainville Copper, which until 1989 operated one of the largest copper and gold mines in the world. There is talk of the mine being reopened. It closed as a result of armed conflict over its operation. The resolutions call on BOC, in the interests of a successful reopening, to join a number of ‘good corporate citizenship’ initiatives, remediate environmental damage and ensure Free, Prior and Informed Consent before restarting.
Somewhere in the middle of the vast Namib desert is a settlement by the name of Arandis. It has been here since 1975, ever since the Anglo-Australian mining firm Rio Tinto came to set up its Rössing uranium mine. Former workers at the vast mine in the Namibian desert allege they are suffering from radiation-related illnesses.
Johannesburg sits atop the world’s most productive gold reef -- a staggering 40,000 tons of the precious metal has been mined from it during a history tracing back 130 years. That legacy of riches has left behind a toxic inheritance: radioactivity from uranium hauled up in the mining process. This article mentions London-listed Anglo American, AngloGold Ashanti and De Beers.
Goldman Sachs and Deutsche Bank are quietly trying to get out of a business few people know they are even in: trading supplies of raw uranium known as yellowcake. Goldman's largest role in the global trade in uranium comes through a deal with AngloGold Ashanti, which produces almost all of the yellowcake in South Africa, as a side product of gold mining. Between 2010 and 2012, AngloGold Ashanti supplied Goldman's NUFCOR business with an average of almost 600 tonnes a year of the raw fuel.
In co-operation with the Romanian government, Transparency International (TI) recently elaborated a mining bill, whose purpose is to approve the controversial Rosia Montana mine. Canadian company Gabriel Resources is trying to develop a gold mine at the ancient village of Rosia Montana. Gabriel’s Romanian subsidiary has offices in London.