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Cairn Energy, Vedanta open to renegotiate deal
The much awaited USD 9.6 billion Cairn Energy and Vedanta deal which has been in the logjam may see the light of the day soon. Vedanta is open to renegotiate the deal with Cairn. See...
Vedanta poised to float off Zambian copper arm in $7.3 bn IPO
Indian controlled, but London listed, diversified miner, Vedanta, is reported to be poised to float off Konkola Copper Mines, its major Zambian copper producer, in a London Initial Public Offering, for around US$ 7.3bn. See...
Papua New Guinea politicians demand Ok Tedi mine close in 2013
"BHP and government have made it a rubbish dump" As the government of Bougainville and Rio Tinto call for a possible re-opening of the Panguna mine, political leaders in Papua New Guinea are, in stark contrast, now demanding closure of the Ok Tedi mine within two...
Me’ekamui invites stakeholders to Panguna mine talks
Me’ekamui Tribal Government has insisted it will not allow anyone to reopen the Panguna mine until all outstanding issues are resolved. President Philip Miriori said today that as opposed to reports by Australian newspaper on May 19 that BCL owns the Panguna mine,...
India's National Advisory Council wants radical advances on implementing community rights
India's National Advisory Council (NAC) has made a set of recommendations over implementation of the Forest Rights Act (2006) and a new government Land Acquisition Act. Its report cuts to the heart of the implementation of the right to Free Prior Informed Consent -...
Guatemalan president snubs Mayan peoples
Mayan organisations in Guatemala have accused the government of adopting a "legal ruse" to limit Indigenous Peoples' right to be consulted on mining and hydroelectric projects. The Guatemalan Campesino Unity Committee declares that a new regulation: "not only violates...
Bangladesh Government to persuade public to support open-pit mining
The Government of Bangladesh has started to try to build public opinion in favour of open-pit coal extraction from the deposits located in the northern districts, in particular the Phulbari coal mine, a project of London-based GCM Resources. It has also started...
London (& Hong Kong) Calling on a "Market Mess"
Dancing with the Bears and a lot of Bull "The London Metal Exchange is a mess," according to a Swiss commodities trader. Indeed it is - or at least it's between a rock and a number of hard places. Aluminium is piling up in warehouses, yet the "market" is acting as if...
Where there’s dirt there’s filthy lucre
by Roger Moody Last month (4 May 2011) the UK Sunday Times published its 2011 “Richest Brits” list. It showed conclusively that the three wealthiest UK residents – and several who follow closely on their heels - are men who ‘ve acquired the vast majority of their...
African Barrick faces further criticism
Engaging in journalism activities without permission Given that I had been followed around the tiny town for two days by men in ’80s-style wraparound sunglasses, it wasn’t really a surprise to me when I finally got arrested last Thursday in northern Tanzania. I had...