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News from Coal Action Scotland
Small victory against open cast in Scotland: Scottish Coal withdraw Auldton Heights plans http://coalactionscotland.org.uk/?p=2772 Scottish Coal have announced that they are no longer perusing a new 420,000 tonne open cast coal mine at Auldton Heights, just south of...
Coal of Africa shares jump on Vele licence decision
Shares in Coal of Africa jumped as much as 21 percent last Wednesday after South Africa lifted the suspension of a key licence at its Vele colliery, allowing the miner to press ahead with plans to start production next year. See...
Australian coal blasting stopped until risk 'acceptable'
The Queensland government in Australia has suspended blasting operations at a coal mine accused of having caused toxic gases to fall on a residential neighbourhood. Not only do these gases pose major health threats to communities living close to mines, nitrous oxides...
Rothschild ‘Confident’ in Bakrie Loan Talks
Nathaniel Rothschild, co-chairman of miner Bumi Plc, says he has “total confidence” that Indonesia’s Bakrie family, Bumi’s largest shareholders, would succeed with plans to refinance a $1.35 billion (855.73 million pound) loan, but said talks with potential partners...
Glencore nears $800-$900 mln loan for Indonesia's Bakrie
London-listed Glencore is close to lending $800-$900 million to Indonesia's Bakrie coal mining group to help it repay its $1.35 billion debt and stave off a potential default. See...
Indonesian coal battles are heating up
UK-based Churchill Mining has lost its right to exploit one of Indonesia's largest and most promising new coal fields, also in East Kalimantan. In a complex feud between the company and its Indonesian financial backer, Churchill was accused of having taken over leases...
Australia passes its carbon act
The Australian government hast passed its "carbon tax" legislation, marking the first time that a major industrialised state has attempted to price, and place a cap on, its greenhouse gas emissions. Acrimonious debate around the proposal had evoked the...
Dutch masters of tax avoidance
A recent report by Publish What You Pay singled out Norway as a favoured European “secrecy jurisdiction” for extractive industry corporates, but the Netherlands isn’t far behind. Schiphol airport is home to AA Holdings Argentina BV, part of Anglo American plc, while...
Deep sea mining to begin in Papua New Guinea next year
A lawyer with a division of the Secretariat of the Pacific Community says deep-sea mineral exploration and mining will be hugely beneficial to the Pacific Islands. Hannah Lily, who’s with the Secretariat of the Pacific Community’s Pacific Geoscience Commission, aims...
Canadian First Nations condemn Rio Tinto-Alcan
Two native bands in British Columbia have accused Rio Tinto-Alcan of diverting water towards a massive aluminium smelter, thus causing a decline in their traditional stocks of fish. See http://www.minesandcommunities.org/article.php?a=11241.