Mining firm Xstrata has formally announced plans to merge with Glencore, the world’s biggest commodity trader. The deal would value the combined new business at $90bn (£56bn), of which Xstrata would comprise $39bn.
The announcement …
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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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Fears Xstrata tailings dam could fail
AN INDEPENDENT monitor’s report into Xstrata’s McArthur River mine has said there were extreme risks of a tailings dam bank breaking as well as acid draining into one of the river’s tributaries. Environment Centre NT …
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Philippines: ‘Defending the Dignity of Life, Securing our Future’ – against Xstrata
A conference on mining in Davao in the Philippines, organised by the Ateneo School of Government, concluded with the “Mindanao Declaration: Defending the Dignity of Life, Securing our Future”. The national Chamber of Mines was critical …
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Dominican Republic: Fears over the Future with Xstrata’s Falcondo
The Loma Miranda mineral deposit is located some 17km southeast of the city of La Vega and 22km north of the city of Bonao. According to its owner, Xstrata-Falcondo, the deposit contains 22.9 million tonnes …
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Big miners must be reined in
Nearly 10 years of a mining boom has made big changes to Australia’s economy and environment. Resource companies have made record profits. This has given Australia’s rich mining billionaires an inflated sense of entitlement. When …
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Xstrata knocked back in Philippines
Efforts to bring the massive Tampakan copper-gold project to commercial phase suffered a major blow after the Department of Environment and Natural Resources rejected the proponent’s application for an environmental compliance certificate (ECC).
Documents obtained …
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Statement by communities affected by mining in La Guajira, Colombia
A gathering of communities was held in late November and a strong statement isued about the damge done by mining in La Guajira – including by Cerrejon Coal, owned by London-listed Anglo American, BHP Billiton …
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Colombia’s mining boom overshadowed by human rights violations
A report by Peace Brigades International (PBI) declares that Colombia’s current mining boom is overshadowed by human rights violations and mass displacement of residents in mining areas. “80% of the human rights violations that have …
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Collahuasi withdraws EIS for US$173mn water transfer project
Chilean miner Collahuasi has withdrawn an environmental impact study (EIS) submitted on November 18 for a US$173mn water transfer system to supply its expansion project in Chile’s northern region I.
The EIS was undergoing the …
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Richest Australians see their pickings fall – and mine safety record shames entire industry
How the mighty have fallen!
According to a recent survey, billions of dollars have been wiped off the bank accounts of Australia’s richest individuals – especially those who profit from the mining industry.
Nonetheless, they’re …
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Xstrata under fire on three continents
Protesters storm Xstrata’s London HQ
Protesters’ account and comments at N30, corporate greed, Xstrata and the right to protest, http://occupylsx.org/?p=1755.
See also:
http://www.bbc.co.uk/news/uk-england-london-15967800 and
http://www.guardian.co.uk/uk/2011/nov/30/occupy-activists-xstrata-hq-london
Xstrata’s Tampakan mine attacked by community in …
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