There are two words that BHP-Billiton really seems to choke on these days: thermal coal. In a 47-page briefing released just over two weeks ago on the company’s global coal interests, thermal coal (or ‘energy …
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The Biggest (Coal) Loser? BHP Billiton and thermal coal
Glencore banks on a new direction
The world’s largest minerals trading conglomerate now appears to be placing a lot of faith in big – if not bad – bankers to lift its recent lacklustre performance; not to mention some fiscal and …
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Foes of Newmont’s $5 billion Peru mine in standoff with police
CATAPA’s protest at Deutsche Bank’s AGM – see report below
Hundreds of protesters were locked in a standoff with police in northern Peru on Wednesday as they vowed to stop Newmont Mining from transferring …
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Aussie taxpayers to help fund Rio Tinto’s $5 billion Oyu Tolgoi expansion
Australia’s Export Finance and Insurance Corporation (EFIC) will contribute funding to Rio Tinto’s Oyu Tolgoi mine expansion in Mongolia. EFIC decided to support Rio Tinto despite calls from Australia’s Productivity Commission for the credit agency …
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UK Prime Minister calls for transparency in mining, oil & gas
Business needs to take its share of responsibility for openness and help ensure the mineral wealth of developing countries is “a blessing rather than a curse,” said PM David Cameron.
See http://www.mineweb.com/mineweb/content/en/mineweb-fast-news?oid=189785&sn=Detail.…
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Big troubles for coal and coal workers in Britain
Dole not Coal
FOR the 590 miners who lost their jobs when Scottish Coal collapsed last month, there is a lot at stake this week. Liquidator KPMG looks likely to announce what will happen to …
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Rio Tinto firms up $2.5bn Oyu Tolgoi mine loan
Global miner Rio Tinto has attracted strong interest for a $2.5 billion loan to expand its Oyu Tolgoi copper and gold mine in Mongolia, in one of the largest resource financings in Asia this year, …
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Time for World Bank coal investment to end
Top UN climate change official Christiana Figueres said that it is ‘no longer necessary’ for the World Bank to rely on coal in its energy projects, saying that the organization should now focus on bringing …
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RBS sustainability report shows deliberate manipulation of truth by the state-owned bank
One third of RBS energy lending still goes to climate-trashing projects. The report looks solely at project funding, which excludes loans to companies involved in tar sands, or corporations who get coal by blasting the …
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Scottish Coal’s collapse: the untold story
Loose Anti Opencast Network (LAON) press release 2013-25, 24 April 2013
(See also information from Coal Action Scotland below this press release)
The collapse of the Scottish Coal Company has, according to those charged with …
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Anglo-American and the finance sector: exporting abuse
We need to be aware of the impact our government’s policies have well beyond our shores. Anglo-American, alongside BHP Billiton and Xstrata, owns Latin America’s biggest coal mine, the Cerrejón mine in Colombia. The mine …
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