Indonesia is the world’s top coal exporter. However, limitations in the supervision of its extraction may be placing the country at risk of massive financial losses and environmental damage. That’s the conclusion of an investigation, …
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Indonesia: No checks on coal mining, says government report
London2012: an Olympian exercise in corporate greenwashing
Amidst its lofty rhetoric about excellence and sustainability the London Olympics have chosen some of the world’s most unethical companies as corporate sponsors. Phil England presents powerful first-hand testimonies from victims and campaigners dismayed and …
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Deadline looms for Bakrie group to resolve covenant breach
Indonesian group Bakrie has until Friday to resolve a covenant breach on a $437 million loan following a drop in the price of its London-listed coal miner Bumi Plc last week, sources familiar with the …
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Churchill seeks $2bn from Indonesia over coal dispute
London-listed Churchill Mining plc has been in bitter dispute with Indonesian authorities over control of one of the country’s largest coal deposits. Now, the company is threatening to resort to international arbitration.
See http://www.minesandcommunities.org/article.php?a=11633.…
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Indonesian groups condemn court ruling over Newmont’s waste disposal
Dozens of student demonstrators pelted the office of Newmont Nusa Tenggara (NNT) after a court ruling allowing the US company to continue dumping tailings in a nearby bay. A year ago, several environmental organisations urged …
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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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Indonesia tries keeping its minerals at home
Indonesia is considering imposing a hefty tax on mineral exports to curb over-exploitation of the country’s resources, as companies scramble to beat a 2014 law requiring ores be upgraded on-shore. It’s a rational follow-up to …
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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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Bumi approves shake-up but Nat Rothschild to stay on
The board of Indonesian coal miner Bumi Plc has approved a shake-up that will bring in a new chairman after demands from key investors but will also retain co-founder Nat Rothschild as director.
See http://www.mineweb.com/mineweb/view/mineweb/en/page504?oid=148105&sn=Detail&pid=92730. …
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Will global miners buckle down to tougher government demands?
Earlier this month, the Indonesian government proposed new legislation, aimed at increasing domestic ownership and revenue from foreign-based mining operations. Last year, Ernst & Young also identified at least 25 countries that have increased, or …
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When it rains, it pours for BHP
A leaked email reveals that BHP Billiton never intended to negotiate new work practices with Australia’s leading mineworkers union. This is despite the world’s biggest mining company having previously committed itself to such negotiations, as …
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Indonesia says foreign miners must grant 51% ownership to domestic companies
The two largest foreign-owned mining companies operating in Indonesia have brushed off “threats”, posed by a recent government announcement that they must increase domestic ownership in the country’s mineral resources. At present it doesn’t seem …
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