Glencore clinches Xstrata take-over with Chinese copper deal
Glencore, the world’s largest minerals trader, is to sell the Las Bambas copper mine in Peru, thus satisifying conditions imposed by the Chinese government, and removing the …
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Glencore given green light for Xstrata takeover; Xstrata’s problems mount in Philippines
Glencore pushes back Xstrata merger due to China probe
Glencore said last Tuesday it had again extended the date by which it expects to close its merger with Xstrata, due to the ongoing investigation into the deal in China.
Glencore has been waiting for …
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Greenlanders vote – but for what kind of future?
Earlier this month Greenlanders voted in a new government. How will it now meet the challenge of having an apparent wealth of natural mineral resources – yet also one of the most fragile environments on …
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Mining giant faces probe over Olympics hospitality
Australia’s Fairfax Media reported that the US Department of Justice and the Australian Federal Police were investigating allegations that BHP provided inducements, hospitality and gifts to Chinese and other foreign officials.
The US Justice Department …
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Glencore delays closing of Xstrata merger, faces claims of aiding Iran nuclear programme
Glencore and Xstrata announced last Friday that they have, once again, extended the deadline for closing their long-awaited $80 billion merger, scrapping March 15 as a target due to continuing discussion with Chinese authorities.
For …
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Greenland passes mining projects bill, opens for cheap labour
Greenland has passed a bill setting the framework for foreign mining and exploration companies to take advantage of the natural resources of the Arctic island and opening up for cheaper labour, including staff from China. …
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Rio Tinto, Anglo American sell Palabora to China–SA consortium
Hot on the heels of an announcement that it is closing its open-pit operations at Australia’s Ranger mine, Rio Tinto says it will sell its majority-stake in South Africa’s Palabora copper mining company to a …
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South Africa gives nod to Glencore/Xstrata merger
Glencore’s $33 billion takeover of miner Xstrata looked set to clear a regulatory hurdle on Monday as South Africa’s Competition Commission recommended that the deal was given the go-ahead. Glencore, the world’s largest diversified commodities …
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Mongolian Nomadic Herders Worry About Impact of Rio Tinto’s Gold Mine
Mongolian livestock herders are worried that a series of massive gold and copper mining projects will dry up scarce water reserves and exacerbate desertification in the delicate Gobi Desert when operations begin next year to …
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A black future for coal?
The Indian example
An analysis of the coal market by Nostromo Research.
See http://www.minesandcommunities.org/article.php?a=11814&l=1.…
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For Rio, optimism is made in China
Rio Tinto is pressing ahead with plans to expand its iron ore business despite concerns about a slowdown in China. Our biggest iron ore producer has shrugged off pessimism over a slowdown in the economic …
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