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Vedanta and police collaborate in false arrests and imprisonment

Badapada: displaced women and children imprisoned for a month by Vedanta and police This report, directly from a Foil Vedanta team on the ground in Niyamgiri, tells a shocking story of the month long imprisonment of a group of Dalit women and children displaced by...

Shareholders Group Questions Bumi Accounts

The independent U.K.-based shareholders' advisory body PIRC said late Tuesday it is unable to support the approval of Indonesian coal miner Bumi PLC's annual report and accounts at next week's annual shareholders meeting. The firm, which represents a small portion of...

Barclays and RBS underwrite Glencore Xstrata

Glencore Xstrata has signed a new $17.3 billion revolving credit facility, to replace the pre-merger credit of Glencore and Xstrata and provide working capital. The facilities were initially launched at $12 billion and were substantially oversubscribed, the...

No such thing as a sustainable bank yet, says Banktrack

London-listed Standard Chartered is among banks helping to finance at least eight destructive ‘dodgy deals’ around the world. The projects, which campaigners are fighting to reverse, include the extraction of Canada’s vast tar sands, risky oil drilling in the Arctic...

Mining Firms Face New Regulator Scrutiny Amid Deal Probes

For an industry that routinely makes multi-billion dollar deals with developing-world governments and an array of sometimes controversial leaders, the mining sector has been remarkably free of political scrutiny. No longer. World leaders gathering in Northern Ireland...

Peru protesters push to stop $5bn Newmont mine

Thousands of opponents of a $5 billion gold project of Newmont Mining circled a lake high in the Andes on Monday, vowing to stop the company from eventually draining it to make way for Peru's most expensive mine. Lake Perol is one of several lakes that would...

Five Western senators question Obama on proposed Alaskan mine

Five Democratic senators are asking President Obama to consider blocking a proposed mine in Alaska’s Bristol Bay, a move that could heighten pressure on the Environmental Protection Agency to veto the project. The group of senators from Washington, Oregon and...

Climate Commission warns coal will be left in ground

Big investors are increasingly aware that coal consumption will have to drop dramatically as part of efforts to tackle climate change, a top Macquarie Bank executive has warned. The warning from Macquarie’s executive chairman in Melbourne, Simon McKeon, came as a...

Lonmin will seek court order against strike by AMCU

Lonmin Plc, the world’s third- largest platinum producer, said it will seek a court order to prevent a possible strike by the biggest union at its operations. The Association of Mineworkers and Construction Union said earlier it will serve Lonmin a 48-hour strike...

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