Recently-released “wikileaks” have confirmed that an arrangement, by which Ivanhoe supposedly transferred its 50% stake in Burma’s Monwya copper mine to an independent “third party” trust, was nothing of the kind. As well as breaching …
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Wikileaks reveal true nature of Ivanhoe-Rio Tinto’s Burmese deal
Philippines: Anniversary knocked while President delays reforms
The debate on mining continues to dominate the Philippine media. There has been a ‘flurry’ of activities to coincide with the anniversary of the Philippine Mining Act, which has also collided with the on-going lobbying …
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Zambia shuts Mopani Copper leach plant on pollution violations
Zambia has closed a copper treatment plant belonging to Glencore International’s Mopani Copper Mines for pollution violations, the state environmental agency said on Monday.
See http://af.reuters.com/article/investingNews/idAFJOE82405O20120305.
Minister confident BHP will approve huge Olympic Dam expansion
South Australia’s Tom Koutsantonis is confident the miner will this year approve the expansion of the Olympic Dam mine, containing a world class copper-gold uranium deposit, even though it will cost billions of dollars.
See …
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Freeport-Rio Tinto halts operations once again at Papuan mine: Union claims management hasn’t honoured agreement
The world’s largest gold, and second most important copper, mine, came to a standstill last week, not long after it had resumed operations following a three-month strike. The Grasberg mine in Papua is operated by …
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Vedanta plans new holding company
Anil Agarwal’s London-listed Vedanta Resources Group is planning to create a new diversified resources giant by merging Sterlite, Sesa Goa, Vedanta Aluminium and even its 60 per cent holding in Cairn India into one umbrella …
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World No. 3 copper mine halts operations after accident fatality
Collahuasi copper mine, jointly owned by Anglo American and Xstrata, has halted all operations pending accident investigation after a fatality at the mine’s sulphide plant.
See http://www.mineweb.com/mineweb/view/mineweb/en/page504?oid=145783&sn=Detail&pid=92730.
Direct action against Xstrata in Argentina
Peoples’ struggles against Minera Alumbrera have become very active this past month in northern Argentina. The protests are aimed at shutting down the mine, and against the lifting of a judicial order prohibiting any activity …
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U.S. judge orders Vedanta to pay $82.75m in damages
U.S. judge orders Vedanta to pay $82.75m in damages Vedanta Resources has been dealt a “comeuppance” – yet again. This time, however, it has little to do with the UK company’s unparalleled disrespect for communities, …
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BHP, Rio Tinto approve $4.5bn Escondida copper mine expansion
BHP Billiton and Rio Tinto have raised their bets on global copper demand, approving plans for a $4.5 billion expansion of the massive Escondida mine in Chile, while BHP plans to reopen a U.S. copper …
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Philippines: ‘Defending the Dignity of Life, Securing our Future’ – against Xstrata
A conference on mining in Davao in the Philippines, organised by the Ateneo School of Government, concluded with the “Mindanao Declaration: Defending the Dignity of Life, Securing our Future”. The national Chamber of Mines was critical …
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Rio firms up a pipeline jewel
While it may only be a formality, Rio Tinto’s $US302 million purchase of another two per cent of Ivanhoe Mines finally cements its control of the group and its prize asset, the giant Oyu Tolgoi …
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