London-listed Glencore is close to lending $800-$900 million to Indonesia’s Bakrie coal mining group to help it repay its $1.35 billion debt and stave off a potential default.
See http://www.mineweb.com/mineweb/view/mineweb/en/page504?oid=137521&sn=Detail&pid=92730.
UK-based Churchill Mining has lost its right to exploit one of Indonesia’s largest and most promising new coal fields, also in East Kalimantan. In a complex feud between the company and its Indonesian financial backer, …
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Protesters from the Occupy LSX demonstration marched from St Paul’s cathedral to join anti-nuclear campaigners, supporters of London Mining Network member group Colombia Solidarity Campaign and others outside yesterday’s BHP Billiton AGM. See short video at …
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Security forces have opened fire on striking Freeport miners, killing at least one person and injuring six others. More than 1,000 workers were involved in the clashes on Monday at the Grasberg complex, one of …
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Rio Tinto has cosy ties with the Indonesian military, who have a long history of human rights abuses.
See http://english.aljazeera.net/indepth/features/2011/08/2011828142858857222.html#.TokJmXDLgQ0.mailto.
The coal industry is racing to ensure its place in our world’s future before safer, healthier and cheaper clean energy takes hold.
Ill-equipped to compete and survive in the emerging clean energy economy it must …
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Indonesian workers at the world’s largest gold – and third biggest copper – mine have started a one month strike, demanding payment of a just wage. Eight thousand of them went on strike in July …
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A giant black wasp has been identified as a new species, recently discovered in the Mekongga Mountains of Southeast Sulawesi. (The report at the link below mistakenly describes the mountain range as being in Southwest …
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Too many invest in companies – such as London-listed Rio Tinto – without any consideration of the ethics of doing so. Investing in conflict-affected and high-risk areas is a growing concern for responsible businesses and investors. …
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But the “Big Australian” is dogged by criticism
It’s currently one of the most successful companies anywhere, with a market capitalisation that puts it among the world’s top five corporations.
But, as London-listed BHP Billiton …
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London-based Churchill Mining plc has lost an attempt to overturn a court’s revocation of mining licences held by the company in East Kalimantan. The company plans to appeal further.
See http://www.iii.co.uk/investment/detail/?display=news&code=cotn:CHL.L&action=article&articleid=8333086.…
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A curb on small-scale tin mining on Indonesia’s Bangka and Belitung islands, announced in early August, has been strongly criticised by the general secretary of the Indonesian Tin Industry Association, Johan Murod.
Mr Murod claims …
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