Glencore is facing legal action over pollution caused by its vast and lucrative copper operations in Zambia. Glencore’s Mopani Copper Mines subsidiary has been a thorn in the firm’s side since its £6billion float in …
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Glencore faces legal action over pollution caused by Zambian copper
Ghana to hike taxes on mining companies
Ghana will seek to boost revenues from its mining industry next year by hiking taxes, according to a text of the 2012 budget delivered to parliament recently. The corporate tax rate on miners will increase …
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Australia Passes Landmark Carbon Price Laws
Australia passed landmark laws last week to impose a price on carbon emissions in one of the biggest economic reforms in a decade and injecting new impetus into December’s global climate talks in South Africa.…
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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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Dutch masters of tax avoidance
A recent report by Publish What You Pay singled out Norway as a favoured European “secrecy jurisdiction” for extractive industry corporates, but the Netherlands isn’t far behind. Schiphol airport is home to AA Holdings Argentina …
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Guinea Passes New Mining Code
New legislation promises to maximise revenues and tighten regulation.
Guinea’s new mining code, passed on September 9, promises to maximise the public revenues generated by foreign deposits and impose stricter regulations upon mining companies operating …
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Glencore’s sorry record of fatalities and fines
The world’s largest commodities trader – and one of the mightiest of miners – has published its first-ever sustainability report, many years after the company was established.
It makes for sober – if not shocking …
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Australia’s carbon tax debate ignites
New report demolishes mining industry claims
Australia’s coal mining giants are trying to scare the life out of its citizens over the impacts on jobs and investments from the recently-proposed nationwide carbon tax. The proposal …
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Glencore to declare support for ethical mining to spruce up its image
London-listed commodities trader Glencore will profess its support for a global standard on transparency in natural resources, amid a charm offensive designed to clean up its image.
The Swiss-based company’s transformation into a public company …
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Royalty debates revisit Latin American states
Three Latin American states are the envy of most other country in terms of the potential value of the major minerals that lie beneath their soil – particularly copper, iron ore and gold. Among developing …
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