Copper, Gold and Salmon
There’s a vast supply of valuable metal in Alaska just waiting to be mined, but doing so could spell environmental disaster for the area’s salmon population. A major discovery of gold, copper and a metallic ore called molybdenum have been scoped out via exploratory drills near Bristol Bay, Alaska. If unearthed, they are estimated to [...]
London Calling reviews Australian taxation – the tax is dead, long live the tax…
The net result of the recent heated debate in Australia over whether mining companies should pay considerably more tax, led to the ousting of the prime minister after millions of dollars were subscribed to a high-profile advertising campaign by the big mining companies (Anglo-Australian entities such as BHP Billiton, Rio Tinto and Xstrata chief among [...]
The road for Rio leads through some distinctly murky waters
London Calling examines dirty deals between China and Burma Rio Tinto has announced that it has now acquired an almost 30% stake in Canada’s Ivanhoe Mines – making it by far the company’s biggest backer. To date, Rio Tinto has invested over 1.7 billion dollars in Ivanhoe, in order to promote “development” of one of [...]
Civil war in PNG’s Bougainville changed attitudes to land, says nun
A nun running a rehabilitation centre in the Papua New Guinea province of Bougainville says the civil war changed attitudes to land and these now need to to be addressed. The war was fought because of the damge being done by the Panguna mine, run by a subsidiary of Rio Tinto. Sister Garasu says during [...]
Australian mining tax update
Australia, miners strike tax compromise The “super profits tax” has been discarded in favour of a resources rent tax that has been endorsed by key global miners including London-listed BHP Billiton, Rio Tinto and Xstrata. See http://www.mineweb.com/mineweb/view/mineweb/en/page72068?oid=107295&sn=Detail. Mining industry roars back to life Share prices soared and hundreds of millions of dollars worth of stalled [...]
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