Ivanhoe to terminate contract clause banning other strategic investors
Ivanhoe Mines said it is opening its doors to strategic investors, a move that could force its largest shareholder, Rio Tinto,to pay a premium if it decides to seek control of Ivanhoe. See http://www.mineweb.com/mineweb/view/mineweb/en/page67?oid=107939&sn=Detail&pid=92730.
Copper, Gold and Salmon
There’s a vast supply of valuable metal in Alaska just waiting to be mined, but doing so could spell environmental disaster for the area’s salmon population. A major discovery of gold, copper and a metallic ore called molybdenum have been scoped out via exploratory drills near Bristol Bay, Alaska. If unearthed, they are estimated to [...]
Shoshone Battle to Stop Gold Mine on Mount Tenabo Continues
Although to some extent the recent Court of Appeals decision is a defeat for the Western Shoshone (as it reversed an earlier stay on expansion by Barrick Gold of its major Cortez gold mine in Nevada), it is still part of ongoing legal actions. Also, although expansion can continue, US regulators must respond to a [...]
EU Commission refuses ban on cyanide in gold
Recently the European parliament called for an outright ban on the use of cyanide in gold processing (see http://www.minesandcommunities.org/article.php?a=10102). But the European Commission has rejected the demand, claiming that sufficient safeguards are in place to avoid any disaster. This response is clearly motivated by industry fears of closure, and officially excused as protecting jobs. It [...]
The road for Rio leads through some distinctly murky waters
London Calling examines dirty deals between China and Burma Rio Tinto has announced that it has now acquired an almost 30% stake in Canada’s Ivanhoe Mines – making it by far the company’s biggest backer. To date, Rio Tinto has invested over 1.7 billion dollars in Ivanhoe, in order to promote “development” of one of [...]
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