The most expensive place on the Monopoly board, and the no.1 destination for hedge funds in Europe. Among the luxury hotels, boutique shops and exclusive clubs, we’ll take you to some of the secretive institutions …
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Occupy London tours Mayfair Hedge Funds, Saturday 28 January
Rio Tinto wins battle against Ivanhoe’s “poison pill” rights plan
An arbitrator has ruled that a “poison pill” rights plan erected by Ivanhoe to try and stop a Rio Tinto takeover, does not apply to the latter, leaving Ivanhoe vulnerable to a takeover next year.…
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Saami communities protest in London over mining
This morning representatives of several Indigenous Saami communities from Scandinavia protested outside the ‘Mines and Money’ London conference in order to raise awareness over the destruction of their traditional lands by mining.
Saami areas in …
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New reports question World Bank’s coal investments
As the climate talks in South Africa approached, the World Bank continued to be overshadowed by past and prospective loans for fossil-fuel power plants.
See
http://www.minesandcommunities.org/article.php?a=11332&l=1
Glencore puts up $635 million to build world’s largest cobalt mine
Katanga Mining announced on Friday it has secured $635.5 million in new loan facilities from parent Glencore International to fund the expansion of its Democratic Republic of Congo copper-cobalt mine. Katanga says with the expansion …
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Evraz gets support for full London listing
Russian steelmaker Evraz has received acceptances for its proposed share swap and relocation to Britain from just over 98 percent of shareholders, allowing it to proceed with a premium London listing and potential entry to …
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Indonesia ‘s Bakrie to sell 23.8% Bumi stake for $1 bn
Indonesia ‘s Bakrie Group is selling a 23.8 percent stake in London-listed Bumi Plc, its venture with financier Nat Rothschild, to coal miner PT Borneo Lumbung Energi in a $1 billion deal to avoid a …
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Anglo American may pull investments, jobs
In a move intended to pressure the Australian federal government to revise the proposed carbon tax, global miner Anglo American has threatened to withhold over $15 billion in coal mining investments and curtail 3,200 new …
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Rothschild ‘Confident’ in Bakrie Loan Talks
Nathaniel Rothschild, co-chairman of miner Bumi Plc, says he has “total confidence” that Indonesia’s Bakrie family, Bumi’s largest shareholders, would succeed with plans to refinance a $1.35 billion (855.73 million pound) loan, but said talks …
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Glencore nears $800-$900 mln loan for Indonesia’s Bakrie
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.