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Rio Tinto subsidiary and Bougainville Government still want to reopen controversial mine
The Autonomous Bougainville Government supports re-opening of the Panguna copper mine, but that can only be possible with the support of the landowners and the people of Bougainville. This is the message from Bougainville president John Momis to the PNG Australian...
Construction at giant Oyu Tolgoi copper gold project ahead of schedule
While reporting a wider net loss in Q1 due to a major accounting write-down, Ivanhoe Mines reported that construction at its Oyu Togoi copper-gold project it is developing with Rio Tinto was slightly ahead of schedule. See...
Opposition to Shell ‘fracking’ project in British Columbia, Canada
Vancouver-based ForestEthics and FairPensions (a member of LMN member group ECCR) have produced a briefing outlining the investment risk of a Shell project to develop coalbed methane in the Klappan, a remote part of British Columbia, Canada. Also known as the Sacred...
Vallar bids for 9.74% stake in Berau Coal
Vallar Investments UK Limited, a London-based company, is bidding for 9.743% stake in Indonesian company PT Berau Coal Energy Tbk. About 3,400,000,500 shares of Berau's total placed and paid-in capital are put for a tender offer at IDR540 per ordinary share, the...
UK Coal begins to eat into its debt mountain
Britain's biggest coal miner said production has been steady as it begins making progress on reducing its mammoth debt burden. The Doncaster-based group, which has been beset by mining problems in recent years, said production in the first three months of the year was...
Scottish Coal submit application for 4 million tonne Glentaggart East as Coal Lorry smashes into a building on the A70
As the long awaited submission to South Lanarkshire Council of the full application to mine 4 million tonnes of coal from the so-called “satelite” Glentaggart East mine has finally happened, there has been yet another accident on the A70 involving a coal HGV. This...
James Hansen: "Leave coal in the ground"
The Director of NASA's Goddard Institute for Space Studies believes that coal is the single greatest threat to civilisation and all life on our planet. See http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=10725266.
Traidcraft's raw materials campaign explained
Many of the world's poorest countries are rich in valuable raw materials which could help fuel their development. And many of the world's richest countries want to get their hands on them. The European Union is developing its Raw Materials Initiative precisely for...
Banking on the next Fukushima
Despite the nuclear disaster at Fukushima witnessed by the world, there are plans to build a major nuclear power station in a highly earthquake-prone region on the west coast of India. The Jaitapur nuclear plant can only be built with financing from banks like HSBC....
ICMM accepts new members
The London-based International Council on Mining and Metals includes numerous companies about whose activities LMN member groups are deeply concerned. (See http://www.icmm.com/members/member-companies.) ICMM is now 'delighted' to welcome a French uranium mining...