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Rio Tinto panned over Olympic medals
Will London 2012 sponsors BP, Dow, EDF and Rio Tinto tarnish the Olympic brand? In just seven months London opens its doors to the world for the ‘greatest show on earth' and while the 2012 Olympics have been billed as the ‘greenest Games ever', there are concerns that...
Rio Tinto says it’s not pursuing full takeover of Ivanhoe
Rio Tinto Group, the world’s third-biggest mining company, said it won’t seek full control of its Mongolian project partner Ivanhoe Mines Ltd. after an arbitrator ruled in its favor in a shareholding dispute. See...
Mining: Growing backlash against groups who are ‘minting it’
The [gold] informal rush is indicative of a broader problem with the country’s mining sector – the sense that foreign companies have minted it from their concessions delivering few benefits either to the Ghanaian economy or to the wider population beyond the...
Is Greece now desperate enough to allow gold mining?
When investors hear the word "Greece" these days, they usually run for cover. But Eldorado Gold Corp. had the opposite reaction, as the austerity and economic misery actually made the country a more attractive place for gold mining. Late Sunday, Eldorado unveiled a...
OAS Human Rights Commission withdraws demand for Marlin Mine closure
The Inter-American Commission on Human Rights (IACHR) of the Organization of American States has notified the Guatemalan government that the IACHR has withdrawn its demand that Guatemala close Goldcorp's Marlin Mine. See...
'Why waive Rs 9 crore penalty on Vedanta?'
The move by the Orissa State Government in India to waive Rs 9 crore penalty on Vedanta Aluminium Limited (VAL) for withdrawal of water from Bheden river and Hirakud reservoir came in for sharp criticism from the Opposition in the Assembly on Saturday. Raising the...
India: POSCO opponents suffer vicious armed attack
Recently, Indian villagers began resisting construction of a coastal road for the massive POSCO project, anticipating that pro-company "goons" might soon try breaking down their nonviolent resistance. On 14 December, the villagers' worst fears seem confirmed when a...
Statement by communities affected by mining in La Guajira, Colombia
A gathering of communities was held in late November and a strong statement isued about the damge done by mining in La Guajira - including by Cerrejon Coal, owned by London-listed Anglo American, BHP Billiton and Xstrata. See...
Colombia's mining boom overshadowed by human rights violations
A report by Peace Brigades International (PBI) declares that Colombia's current mining boom is overshadowed by human rights violations and mass displacement of residents in mining areas. "80% of the human rights violations that have occurred in Colombia in the last...
Russian firms set for FTSE debut
The FTSE 100 looks set to welcome Russian firms for the first time in the face of calls for the firm to toughen up the entry requirements to Britain's premier stock index. Investors have recently raised concerns that it is too easy for companies with low free floats...