Latest News
Philippines: Where is the safety?
Following recent attempts to militarise mine sites, and associated killings, there has been a plethora of news stories on Philippines mining issues. There is more fall-out from the murder of Fr. Fausto 'Pops' Tentorio, as the investigators pursue "anti-mining" motives...
Borneo mines lure Rothschild into the wild
It was supposed to be a union of two legendary business dynasties, one West, one East. Nathaniel Philip Rothshild, the 40-year-old scion of the storied European banking family, forged a deal a year ago with the Bakrie brothers, one of Indonesia's mightiest business...
Climate Vulnerable Forum Declaration adopted
Nineteen climate vulnerable countries have signed the Climate Vulnerable Forum 2011 Dhaka Declaration: Afghanistan, Bangladesh, Bhutan, Costa Rica, Ethiopia, Ghana, Kenya, Kiribati, Madagascar, Maldives, Nepal, Philippines, Rwanda, Saint Lucia, Tanzania, Timor-Leste,...
Pipe Dreams: Keystone delayed until 2013!
Obama delays the Keystone XL tarsands oil pipeline decision for over a year. See http://www.no-tar-sands.org/2011/11/pipe-dreams-keystone-delayed-until-2013/.
Vedanta profits plummet
The miners are still cashing in on higher commodity prices, but rising energy and labour costs are starting to hurt. That was the message delivered with results from metals behemoths Vedanta Resources and ENRC. See...
Glencore puts up $635 million to build world’s largest cobalt mine
Katanga Mining announced on Friday it has secured $635.5 million in new loan facilities from parent Glencore International to fund the expansion of its Democratic Republic of Congo copper-cobalt mine. Katanga says with the expansion the DRC complex it could become...
Oppenheimers flog De Beers stake to Anglo American
Shining under the blazing African sun, diamonds have an allure consummate with their high price and beauty. For Anglo American, a Fortune 500 globally diversified miner, the opportunity to get their hands on some more sparkle has proved too much to resist. Last week...
Codelco locks horns with Anglo over option
Chilean copper giant Codelco is on a collision course with Anglo American, insisting it has the right to buy up to 49 percent of the miner's south Chilean assets even after a surprise stake sale. See...
Australia Passes Landmark Carbon Price Laws
Australia passed landmark laws last week to impose a price on carbon emissions in one of the biggest economic reforms in a decade and injecting new impetus into December's global climate talks in South Africa. Among London-listed mining companies affected are Anglo...
Evraz gets support for full London listing
Russian steelmaker Evraz has received acceptances for its proposed share swap and relocation to Britain from just over 98 percent of shareholders, allowing it to proceed with a premium London listing and potential entry to the FTSE 100. The company, part owned by the...