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Vedanta arranges $ 6 bn funding for Cairn India deal

Vedanta Resources Plc said it has entered into financing agreements with a consortium of banks for $ 6 billion to fund its proposed buyout of up to 60 per cent stake in Cairn India. London-listed Vedanta Resources planned stake acquisition in Cairn India, which was...

Vedanta gives Modi's aluminium plant offer a miss

Vedanta Resources does not seem interested in setting up an alumina refinery and an aluminium smelter in Gujarat. It has decided against an expression of interest (EoI) as invited by the state-owned Gujarat Mineral Development Corporation. See...

Tiara residents suffer from mining contamination, Venezuela

"Something is sickening the people of Tiara and their crops". That's what the Mines and Communities website reported more than five years ago. In 2008, a study showed that Anglo American's Lomas de Nickel mine in Venezuela was responsible. But still, no adequate...

Management, union leaders dig in heels at Collahuasi

Union leaders at the world's No. 3 copper mine dug in their heels on Thursday, saying workers would reject management's latest offer to end a 14-day-old strike at the sprawling Collahuasi copper pit. The union vowed to stay on the picket line until management agrees...

Rio Tinto dodges State requirements in the USA

Rio Tinto, through its subsidiary Kennecott Minerals, continues to dodge requirements of Michigan’s Part 632 Mining Law, with the help of the Marquette County Road Commission (MCRC), the Marquette County and City Commissions, and local township boards. See...

New blows to coal in Scotland

Ravenstruther Coal Terminal Shut Down! Ravenstruther coal rail terminal in South Lanarkshire was brought to a standstill when anti-coal protesters descended on to the site and climbed atop machinery. The coal rail terminal owned by Scottish Coal, is the main loading...

Unesco to visit Mapungubwe – concerned about Coal of Africa

Representatives from Unesco will visit the Mapungubwe National Heritage site to assess the impact of mining in the area, the Save Mapungubwe coalition group says. Coal of Africa (CoAL), an Australia-based mining company with a listing on the London Stock Exchange,...

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