Zambia has closed a copper treatment plant belonging to Glencore International’s Mopani Copper Mines for pollution violations, the state environmental agency said on Monday.
See http://af.reuters.com/article/investingNews/idAFJOE82405O20120305.
Zambia: mining companies should cough up more!
The Zambian government says it’s no intention of nationalising the mining industry – a position adopted last week by South Africa’s own ruling party. However, Zambia intends to increase its stake in mining companies by …
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Glencore faces legal action over pollution caused by Zambian copper
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 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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Vedanta collapses
Leaflet distributed at Vedanta AGM, 27 July 2011
Matters of grave concern: Vedanta Collapses
Taking place here today (27 July 2011) is the Annual Shareholders’ Meeting of one of the world’s 20 leading mining companies, …
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Zambia seeks taxes from mining companies
First Quantum Minerals has agreed to pay Zambia $224-million in tax arrears. The company has also been singled out along with Konkola Copper Mines (KCM), owned by London-listed Vedanta Resources, and Glencore‘s local …
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‘Transparency’ hides Zambia’s lost billions
African analyst, Khadiha Sharife, exposes “tax avoidance” by mining companies in Africa – specifically by Glencore in Zambia – and elsewhere. She notes that mining corporations’ tax avoidance schemes cost African nations billions of dollars …
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EIB halts Glencore lending on governance concerns
The European Investment Bank (EIB) has frozen all new loans to Glencore and its subsidiaries, citing “serious concerns” over the group’s corporate governance. The allegations center on claims that the world’s largest metals commodities’ trader …
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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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MEPs call for moratorium on public financing of mining projects
In an open letter addressed to the EU president, the EU presidency and the European commission, 50 MEPs from 4 different political parties (S&D, Greens, Gue/Nordic Left and ALDE) call for “a moratorium on EU …
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