C of E sells shares in Vedanta after pressure from campaigners
The Church of England has disinvested from the controversial mining company, Vedanta Resources, after sustained pressure from campaigners, including many Christian groups.
Vedanta was just one of a number of investments in mining companies which the Church of England still holds.
Both the Church of England and the Methodist Church hold shares in Anglo American, BHP Billiton [...]
Golden Opportunity or False Hope?
AngloGold Ashanti’s proposed gold mine in the Democratic Republic of Congo
New report from CAFOD and South Africa’s Benchmarks Foundation
AngloGold Ashanti is a South African company with a secondary listing on the London Stock Exchange.
See http://www.cafod.org.uk/content/download/106612/1178506/version/1/file/DRC_reportEN.pdf or http://www.bench-marks.org.za/research/DRC_reportEN.pdf.
BHP Billiton isn’t putting another nickel in
Recently there’s been some speculation that BHP Billiton – the world’s biggest mining company – may be about to exit from nickel production.
In 2008, it pulled out of the Gag Island project in West Papua. See: http://www.minesandcommunities.org/article.php?a=8921.
The following year, the company also sold a major nickel refinery in Australia. See: http://www.minesandcommunities.org/article.php?a=9384.
Then, last month, BHP Billiton [...]
CAFOD and Goldcorp
Goldcorp is a Canadian company but among its major investors are British-based AXA Investment Managers UK Ltd (US$4.3 million), Blackrock Commodities Income Trust plc, and City Natural Resources High Yield Trust PLC, according to the document From Money to Metals by mining researcher Roger Moody.
For background on the exchange between CAFOD and Goldcorp, see http://londonminingnetwork.org/2009/12/cafod-and-development-and-peace-canada-discover-evidence-of-severe-water-contamination-at-goldcorp-mine/.
CAFOD’s [...]
UK Parliamentary human rights committee issues report on UK businesses
In 2009, the UK Parliament’s Joint Committee on Human Rights conducted an inquiry on business and human rights.
London Mining Network and a number of its member groups and associates made submissions to this inquiry.
Volume 1 of the Committee’s report includes conclusions and recommendations. The cross-party Committee of both Houses of Parliament is very critical of [...]
