Labour groups rally around locked out Rio Tinto borax miners
Posted on | March 8, 2010
The 600 workers were shut out of the world’s second largest borax mine on January 31 after a five month contract dispute with Rio Tinto.
See http://www.minesandcommunities.org/article.php?a=9945.
New PLATFORM report reveals RBS is UK bank most involved in financing loans to tar sands companies
Posted on | March 8, 2010
Tar sands extraction in Canada is devastating Indigenous communities, wildlife and vast areas of boreal forests, as well as being many times more carbon-intensive to produce than ‘conventional’ oil.
“We are seeing a terrifyingly high rate of cancer in Fort Chipewyan where I live. We are convinced that these cancers are linked to the Tar Sands [...]
Tags: BP > Canada > climate change > Indigenous Peoples > mine finance > Platform > Royal Bank of Scotland > Shell > tar sands > UK > UK Government
London-listed companies and the earthquake in Chile
Posted on | March 8, 2010
London-listed Anglo American, BHP Billiton and Xstrata are all involved in copper mining in Chile.
Chile copper mines, ports recover
All but one of Chile’s biggest copper mines hit by the massive weekend earthquake had restored operations by Monday, but persistent power supply problems threatened to restrict production rates.
See http://www.reuters.com/article/idUSTRE61R2WL20100301.
Anglo American’s earthquake-related copper losses less than 1,500t
Multinational [...]
BHP embroiled in Falklands row
Posted on | March 8, 2010
Argentina’s ambassador to Australia says mining group BHP Billiton will face business sanctions if it pushes ahead with oil exploration in Falklands waters. BHP has a licence to explore off the Falkland Islands and is scheduled to start doing so in the next four months. But Ambassador Pedro Villagra says if the company proceeds, their [...]
Two analyses of developments in the mining industry by Barry Sergeant of Mineweb
Posted on | March 8, 2010
Both articles analyse the relative strengths and weaknesses of companies across set time-frames. The first of them deals with how much companies have returned to investors over the last decade of the so-called ’super-cycle’. Note BHP Billiton led by returning almost $30 billion to shareholders, followed by Ango American at $20 billion. The second reviews [...]
Tags: Anglo American > Anglo Platinum > Barrick Gold > Barry Sergeant > BHP Billiton > Goldcorp > mine finance > Rio Tinto > Xstrata
