BHP Billiton streets ahead of the rest
The latest numbers show BHP Billiton is continuing to widen its hefty lead on its global diversified mining peers. BHP Billiton’s results for its fiscal year to 30 June 2010 unravel much about why the group recently launched a USD 40bn hostile bid for PotashCorp, the world’s biggest miner of raw materials for fertiliser (NPK, [...]
Potash bid drags BHP into Saharan fight
BHP Billiton, the $200bn mining company, finds itself in the middle of a massive geopolitical independence row due to its hostile takeover of Potash Corporation of Saskatchewan. Marius Kloppers, the chief executive of FTSE 100 stalwart BHP, is taking a $39bn offer for Canadian fertilizer giant PotashCorp directly to shareholders after its board dismissed the [...]
Vedanta falls for second day on LSE
Shares of Vedanta Resources fell for the second successive session today on the London Stock Exchange, after the metals and mining major failed to get an environment clearance for its USD 1.7 billion bauxite mining project in Orissa. See http://economictimes.indiatimes.com/markets/stocks/stocks-in-news/Vedanta-falls-for-second-day-on-LSE-Sterlite-recovers/articleshow/6432242.cms.
Danske Bank excludes Vedanta on environmental and human rights grounds
Danish bank Danske has published a list of companies which it will not finance because of environmental and human rights concerns. Its list of “Excluded companies” names those that do not meet the requirements of its Socially Responsible Investment policy. The bank’s decisions on whether to exclude companies from its “investment universe” are based on tests [...]
The Vedanta case: A CSR wake-up call for sleeping investors
Recent high profile cases of companies damaging the environment and abusing human rights call into question whether investors really are becoming more active on these issues, suggests Sigrid Rausing. See http://www.ethicalcorp.com/content.asp?ContentID=7005&ContTypeID=72.
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