Barrick Gold is thumbing its nose at a recommendation by the UN High Commissioner for Human Rights calling for an independent review of Barrick’s handling of victims of rape by security guards at Barrick’s Porgera mine in Papua New Guinea (PNG). Rather,...
The Supreme Court in Mongolia has ordered Rio Tinto to reinstate an unfairly dismissed employee, as well as to pay compensation. See http://www.industriall-union.org/landmark-judgment-against-rio-tinto-in-mongolian-court.
Rio Tinto’s $US20 billion ($20.8bn) Simandou iron ore project in Guinea will see more than 10,000 people relocated to make way for a railway to move the raw material to the coast, raising potential issues over who will be responsible for their wellbeing. The...
The Swedish Pension Fund has joined a number of its colleague funds, and disinvested from Freeport McMoRan, because of its Papuan Grasberg mine. Whether they will follow the Norwegian Pension Fund’s example and divest from Freeport McMoRan’s partner in the...
Rio Tinto has agreed to sell its majority stake in Australia’s third-largest thermal coal mine to Glencore Xstrata and Japan’s Sumitomo Corporation for just over $1 billion, pushing ahead with plans to focus on larger, core operations. Rio put its 50.1...
Rio Tinto will have to look further afield after another potential bidder for its Iron Ore Company of Canada (IOC) operation withdrew from bidding. Bloomberg reports China’s Minmetals considered the asking price, in the $3.5 billion to $4 billion range, too...
