Posts tagged "Copper"

Toxic Bob Resigns as Rio Commits to Mongolia Mine Funds

Billionaire Robert Friedland resigned as chief executive officer of Ivanhoe Mines Ltd. (IVN) as the company struck a deal with its majority shareholder Rio Tinto Group (RIO) on funding for its $6 billion Mongolian copper …
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Massive Mongolian mine raises environmental fears

Buried in the Gobi Desert, Mongolia’s economic future rests on a massive mining project called Turquoise Hill. Known locally as Oyu Tolgoi, the copper and gold mine, co-owned by Vancouver-based Ivanhoe Mines Ltd. and the …
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The greatest threat to Bougainville Copper’s future is its hidden past

Bougainville Copper Limited, or BCL, is a subsidiary of Rio Tinto.

Last month the President of the European Shareholders of Bougainville Copper (ESBC) Axel Sturm publicly raised concerns over the volatility of BCL’s share prices. …
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Rio Tinto complains of emphasis on ‘social contribution’ in Kazakhstan

Mining companies active in Kazakhstan have urged authorities to remove bureaucratic hurdles to investment in order to encourage overdue exploration of prospective metals deposits in the Central Asian state.

Companies including global mining giant Rio
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Indonesian mine workers bludgeoned by state security forces

The world’s leading mineworkers federation, ICEM, has vigorously condemned recent attacks against employees of one of Indonesia’s biggest mines. A military brigade, serving the interests of London-listed Bumi Resources, has allegedly severely beaten twenty workers, …
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Protesters grab chance for a dig at mining giants

Protesters say Rio’s record makes a mockery of Lord Coe’s promise of the greenest Games ever

Two of the world’s biggest mining companies endured a barrage of protests last Thursday, as a broad coalition of …
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Big Questions for Anglo American

Since Anglo American listed in London and moved its headquarters from South Africa to Britain, the company’s dealings with its critics have been characterised by a level of formal courtesy that sits awkwardly with its …
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Launch of Greenwash Gold 2012 Campaign

London Mining Network, UK Tar Sands Network and Bhopal Medical Appeal launch the ‘Greenwash Gold 2012′ Campaign today. See the campaign website at http://www.greenwashgold.org/.

See also http://londonminingnetwork.org/2012/03/launch-of-greenwash-gold-2012-campaign/ and media coverage below.

http://www.guardian.co.uk/sport/2012/apr/15/protest-groups-olympics-sponsors-campaign.

http://www.independent.co.uk/sport/olympics/an-unlikely-protest-pinup-for-the-summers-olympic-games-7646602.html
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Unrest in Indonesia’s Mines: Local Chaos and Global Injustice

Buried in Indonesia’s rich soil is a minefield of brutality, literally. Last year, the Grasberg mine of the Freeport McMoran Copper & Gold (in which Rio Tinto has a major investment and from which it …
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Philippines: Mining abuses continue with no promised changes in the law

The drama over the proposed Executive Order of the Philippine President, Nonoy Aquino, continues. There are further hints about its coming out, but when, how – or indeed if – it will appear is now …
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BlackRock reduces BHP Billiton stake to 6.5% – paper

Investor BlackRock has reduced its weighting in BHP Billiton to 6.5% from as high as 10% on concern over near-term returns as the miner pursues a long-term growth strategy.

See http://www.mineweb.com/mineweb/view/mineweb/en/page67?oid=148393&sn=Detail&pid=92730.

 …
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Rio wields the diamond blade

About three months after BHP Billiton announced it was reviewing the future of its diamonds business with a view to selling it, Rio Tinto has followed suit with its own strategic review. The decisions of …
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