Latest News
ENRC $4.7bn buyout bid gets support from Kazakhmys
A $4.7-billion bid by the founders of ENRC to buy out the Kazakh miner has gained the support of top shareholder Kazakhmys, paving the way for them to take the company private after almost six turbulent years. ENRC's three founders, Alexander Machkevitch, Alijan...
Barrick's troubles mount at Pascua Lama
Barrick is a Canadian company in which there is major British investment (see http://moneytometal.org/index.php?title=Special%3ASearch&search=Barrick&go=Go). Barrick's Pascua Lama could wind up costing US$10bn, analyst says Canadian Barrick Gold's Pascua Lama...
Shock therapy and the gold mine
For the past three years Ierissos in Greece has been at the centre of an increasingly bitter dispute. Its inhabitants, hitherto more accustomed to farming, fishing, or running hotels, have been condemned as subversives at the highest level of government, and they have...
60 prominent Australians begin open letter, telling the big banks to stop funding fossil fuels
Over sixty prominent Australians have initiated an open letter to the country's biggest four banks, calling for an end to investments in the fossil fuel industry and the beginnings of divestment from the sector, in order to avoid runaway climate change. Among the...
Coal-Power Financing Minimized in World Bank Energy Policy
The World Bank plans to restrict its financing of coal-fired power plants to “rare circumstances,” according to a draft strategy that reflects the lender’s increased focus on mitigating the effects of climate change. The Washington-based lender will help countries...
Growth and Infrastructure Bill: UK Government announces result of consultation exercise on whether new opencast sites over 100 hectares could be treated as major infrastructure projects
On Friday 21 June 2013 the UK Government announced that new opencast coal sites would normally not fall under the provisions of the Growth and Infrastructure Act. As a consequence, Loose Anti Opencast Network (LAON) issued the following Press Release: THE PLANNING...
Nuclear news
UK's nuclear clean-up programme to cost billions more than expected Nuclear Decommissioning Authority declines to predict final lifetime clean-up cost amid fears total bill could exceed £100bn See...
”Leave us and leave our land” indigenous community tells Bumi
Press release: Down to Earth, London Mining Network and the Indonesian Mining Advocacy Network (JATAM). London, 26 June 2013 Much of the talk at today’s Bumi plc AGM will centre on the company’s deep financial and governance woes, but it is the people most directly...
"El Mauro" Tailings Dam Pits Community Against the Oligarchy in Chile
The "El Mauro" tailings-dam is the biggest in Latin America, and third biggest in the world. It holds 2060 million tons of water and mining waste, and is over double the height of the London Eye. Severe risk of the dam collapsing in an earthquake, water pollution, its...
UK government accepts complaint over GCM Resources’ Bangladesh coal mine
Phulbari's fertile farmlands are Bangladesh's rice bowl. (Photo courtesy of JACSES) British company GCM Resources was dealt a serious blow today as the Organisation for Economic Cooperation and Development (OECD) agreed to consider complaints regarding severe human...
