If you put together the 2010 uranium output from mines owned by Rio Tinto (in Namibia and Australia), along with output from BHP Billiton’s Olympic Dam mine in South Australia, these two London-listed companies rank …
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UK capital’s importance as funder of global uranium production
Lifestyles of the rich and famous
An introduction to NR Investments Ltd provides an expose of the connections between some wealthy British, Russian and Indonesian financiers, government representatives and celebrities, and destructive mining projects.
See http://moneytometal.org/index.php/NR_Investments_Ltd.…
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‘Voice of responsible shareholders’ slams Vedanta
Investment research and advisory body PIRC issued a critical report on Vedanta in advance of the company’s AGM.
The report is available at http://www.pirc.co.uk/sites/default/files/Vedanta%202010.pdf.…
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Aviva to withhold support at miner Vedanta’s AGM
Asset manager Aviva Investors still has concerns over miner Vedanta’s social conscience and corporate governance standards, despite a high-profile campaign last year that saw the group under pressure from shareholders and activists. Aviva, small but …
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Swiss banks backing Vedanta
Since 2010, the major Swiss banks Credit Suisse and UBS have financed the world’s most controversial mining firm: Vedanta Resources. Vedanta earned the number two spot on a 2009 list of “most environmentally and socially …
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Six deaths in three years overshadows BHP profits
BHP Billiton boss Marius Kloppers is poised to report a stunning 75 per cent increase in net profit to an estimated $US21.9 billion, but the sixth death in three years in the Pilbara casts a …
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Vedanta poised to float off Zambian copper arm in $7.3 bn IPO
Indian controlled, but London listed, diversified miner, Vedanta, is reported to be poised to float off Konkola Copper Mines, its major Zambian copper producer, in a London Initial Public Offering, for around US$ 7.3bn.
See …
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Glencore: the monster has landed!
The world’s biggest commodities’ trader has “gone public” on the London and Hong Kong Stock Exchanges, following the conditional issue of shares to its so-called “cornerstone investors” over the previous week.
Glencore has leapt straight …
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Mines Bigger than Yours! Forbes’ rankings surprise
Forbes magazine has, until lately, rated the size (or power, if you prefer) of publicly-listed companies according to their value in the market (market capitalisation) on any specific date. Now it’s adopted three further criteria …
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Vedanta’s profits rise
India-focused miner Vedanta Resources posted a 29 percent jump in full-year earnings per share, on the back of strong metal prices and a background of robust demand for commodities.
See http://www.mineweb.com/mineweb/view/mineweb/en/page504?oid=126417&sn=Detail&pid=92730.…
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Banks seek ways to block merger between London and Toronto Stock Exchanges
Banks opposed to the planned combination of TMX Group Inc and London Stock Exchange Group PLC are looking for ways to thwart the deal, and are seeking the backing of Canada’s biggest pension funds. Talks …
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