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Standard and Poor's cuts Anglo American's outlook to negative
Global credit rating firm Standard and Poor's (S&P) downgraded Wednesday its outlook on Anglo American PLC to negative from stable as a result of growing concerns about the effects of South Africa’s mining strikes on the company's mining operations and on the...
Xstrata’s Dominican nickel project in UN’s hands
United Nations Development Program (UNDP) representative, Valerie Julliand, announced that it has agreed to the Dominican Republic government's request to review Xstrata Nickel’s environmental impact study for the Loma Miranda project, located in the country’s central...
Bumi bummer: Rothschild dynasty sucked into Indonesian black coal hole
It was a billion dollar deal that was supposed to bring two famous business dynasties together – one from the East and the other the West. Nat Rothschild, descendant of the founder of the two-centuries old banking empire, used his family name to get big players – "and...
India's poisonous coal use set to increase: UK company accused of violating tribal peoples' rights
Down To Earth is a magazine published by Delhi's well-reputed Centre for Science and Environment (and not to be confused with UK-based LMN member group Down to Earth, which works on Indonesia). The magazine has just presented an in-depth report on the multiple impacts...
IndustriALL commits to trade union networks and Global Framework Agreements
Trade unionists - including members of the world's largest mining unions - have committed themselves to "enforce minimum social standards in order to make globalisation more humane". Uniting under the banner of the new IndustriALL federation, they place their faith in...
Ghanaian Forum calls for major mining reforms
Ghana's National Coalition on Mining (NCOM) held its annual forum on October 3, 2012 at New Abirim in the country's eastern region. New Abirim is host to Newmont Ghana Gold Limited, one of four large-scale mining companies operating open-pit gold mines in the last...
Nuclear news: nuclear energy in Britain
The Government has been accused of planning a U-turn on energy policy by writing "blank cheques" for new nuclear power stations after promising it would offer no subsidies to the industry. The Government has previously promised not to subsidise the nuclear energy...
UK Parliament asked to toughen rules on opencast mine location
THE LOOSE ANTI OPEN-CAST NETWORK HOUSE OF COMMONS COMMITTEE ASKED TO TOUGHEN RULES GOVERNING WHERE NEW OPENCAST MINES CAN BE LOCATED – NOT WEAKEN THEM. LAON PR2012 -10 18/10/12 Yesterday, the Communities and Local Government Select Committee published the...
Government must take action to curb UK corporate abuse overseas
Media release from the CORE Coalition Parliamentarians and NGOs have welcomed a report by a committee of MPs urging the Government to do more to address human rights abuses resulting from the overseas activities of UK businesses. The Foreign Affairs Select Committee...
Mining: The darker side of the London market
The Bumi drama highlights how many in the City want to shine more light on foreign firms gaining from a London listing. See http://www.independent.co.uk/news/business/analysis-and-features/mining-the-darker-side-of-the-london-market-8213987.html. Bumi affair reflects...