The Financial Times reports that the oil and natural gas rich nation of Qatar has plans to up its stake in Xstrata, currently negotiating a $90 billion merger with Glencore International, to over 10%, which …
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Qatar plonks $4 billion on Xstrata and hands Glasenberg another victory
Exposing the world’s top mineral “thieves”
Over a third of them are London-based
Using data from Bloomberg and Forbes’ long-running global rich list, MINING.com has come up with more than 90 billionaires involved in minerals, metals and mining.
The website points …
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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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World Bank backs dirty energy despite objections
Continued controversy over a coal power project in Kosovo, partly funded by the World Bank (itself part-funded by the UK), and a catalogue of complaints over its projects highlight the impact of extractives and the …
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The World Bank and extractives: a rich seam of controversy
As World Bank projects fail to reduce corruption in the mining sector in the Democratic Republic of Congo (DRC), International Finance Corporation (IFC) investments in extractive industries are provoking complaints and protests around the world.…
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The market likes the Glencore / Xstrata deal but Money Morning doesn’t
London Mining Network’s concerns about Glencore and Xstrata involve the companies’ environmental and human rights impacts. But not even all the financial commentators are happy about the proposed merger.
Money Morning says:
Xstrata is a …
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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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