Latest News
South African mining facing implied $100bn silicosis damage
The South African mining industry is facing “a very serious” threat from silicosis claims that could result in implied damage of $100-billion, says RBC Capital Markets equity research unit. RBC analyst Leon Esterhuizen and associate analysts Arnold van Graan and Ben...
Mines Bigger than Yours! Forbes' rankings surprise
Forbes magazine has, until lately, rated the size (or power, if you prefer) of publicly-listed companies according to their value in the market (market capitalisation) on any specific date. Now it's adopted three further criteria - sales, profits, and assets - to...
Greedy Glencore does not plan to change its ways
Private trader Glencore is to list in London this month Greed Inc: A special investigation into pollution, dubious tax practices and exploitation of African workers at Glencore News that the London Stock Exchange is on the verge of a mammoth flotation didn’t spread...
Xstrata in court over coal carbon emissions
Global mining giant Xstrata faced the Land Court of Queensland over the greenhouse impacts of its proposed Wandoan mega coal mine. Friends of the Earth lodged the objection with the Land Court due to the colossal carbon emissions from the mine. Its members say that...
Vedanta at Lanjigarh: developer or landgrabber?
Despite Vedanta's roaring hoardings of 'Mining Happiness', forceful grabbing of adivasi land by the company in Lanjigarh has always been a burning issue. Adivasis had been knocking all possible doors for justice: from the local administration to various courts....
Vedanta's track record comes under review, Cairn India falls
The Prime Minister's Office (PMO) has asked for a review of Vedanta's track record in the country's mining and power sector before approving its $9.6-billion acquisition of Cairn India, a move that may further delay the controversial transaction that was announced in...
Vedanta's profits rise
India-focused miner Vedanta Resources posted a 29 percent jump in full-year earnings per share, on the back of strong metal prices and a background of robust demand for commodities. See...
London Calling asks Sweden: Why stop hounding Vedanta now?
The Swedish government's Ethical Council monitors company investments by the country's four state pension funds. Among its prime targets are several resource extraction companies, including Rio Tinto and Freeport (because of their waste disposal practices at the West...
The aftermath of another mining disaster in the Philippines
Another landslide has tragically swept away small-scale miners in the Philippines, in the gold rich Compostela Valley on Good Friday. Even as rescuers struggled through the mud, the military were destroying the miners' houses to stop them returning - and arguments...
Big Coal Emergency in Bangladesh Worsens
Violent crackdown on villagers peacefully opposing British company's coal mine On the afternoon of May 5th, a peaceful anti-coal demonstration by local villagers in Bangladesh suddenly turned bloody. The resort to violence is the latest in a series of events that have...