Latest News
Paradox of Tanzania gold – As exports clock $7bn Dar gets only $303mn in taxes
Major foreign gold mining companies earned $6.967bn (Sh11.495 trillion) between 2009 and 2012, according to the current exchange rate of Sh1,650 against the US dollar, but paid the Tanzanian government corporation tax amounting to only $280million (Sh473.8billion)...
Communities in Colombia and Balcombe, UK, United in their Resistance against Extraction
Activists who are resisting a gold mine in Piedras, Colombia, reached out to the communities of Balcombe in Sussex, to show solidarity and support for their parallel efforts. Here we share their moving letter, which unites those struggling against the impact of mining...
Nautilus Minerals forces Danu people to sign papers without informed consent
Danu village shares the same sea area as the famous shark callers of Messe village next door. Danu, which means “water that never runs dry” in the local language, will have its people evicted by the London-listed Canadian ocean floor exploration company Nautilus...
Lawsuits against Goldman, JPMorgan, Glencore Xstrata pile up
While only few were paying attention to the price of aluminum, some important industry players such as Goldman Sachs, JPMorgan Chase & Co and Glencore Xstrata, were allegedly inflating prices and disrupting supplies for the commodity. See...
Glencore Xstrata writes down $7.7bn in assets
Newly-formed mining giant Glencore Xstrata has written down the value of Xstrata's assets by $7.7bn (£4.9bn), and reported a drop in revenues. The firm, which was created in May, said the write-down reflected tougher conditions in the mining sector. Revenues in the...
Public letter challenging London-listed companies to reject paramilitary death threats
On 4 August, a Colombian paramilitary organization issued death threats against anyone standing in the way of London-listed mining companies AngloGold Ashanti, Glencore Xstrata and other named and unnamed extractives companies. On 17 August, London Mining Network...
Will Old King Coal continue to be a merry old soul?
Old King Coal has benefited from a run of good luck these past few years. First came the fabulous boom years of the first decade of this century. The Copenhagen climate talks loomed like a black cloud over the sector for a while, but dissipated without so much as a...
A dirty black hole
From Wales to Colombia, the scourge of opencast coal mining is being driven by our continued dependence on this dirtiest of fossil fuels, writes Kelvin Mason See...
Nuclear news
Kazakhstan: The cost of being the world's No.1 uranium producer If you make a toxic mess under one of the most isolated parts of the planet, does it matter if you don't clean it up? Does it make a difference if that mess will be there for thousands of years?...
Protesters in the USA support Colombian villagers facing eviction for British-owned mine
While flying picketers swooped on the offices of mining multinationals Anglo American, BHP Billiton and Glencore Xstrata in London on 27 August, protesters in Boston, Massachusetts, picketed the Colombian Consulate at 31 St James Avenue, in support of the villagers of...