ENRC a step closer to going private

Eurasian Natural Resources Corporation, the London-listed giant miner wrestling with a series of accusations of corruption and bribery, took a major step towards being de-listed Friday, after the largest investor backed the founders’ US$4.5 billion takeover....

Deep sea mining – out of our depth

Inside London’s Cumberland Hotel today a ‘deep sea mining summit’ is taking place, involving representatives from the mining industry, financiers and the British government. The industry is keen to get support – but the communities that will be most affected are...

Jolt for Vedanta as mining in Niyamgiri Hills voted out

In what could be a jolt for Vedanta Aluminium Ltd, the fate of the beleaguered proposal to mine bauxite in Odisha’s Niyamgiri Hills was sealed on Monday, with the seventh of the 12 gram sabhas – at Phuldumer in Kalahandi district – rejecting the...

Sesa Goa to invest $400 mn in Liberian mine in 2-3 yrs

Vedanta group firm Sesa Goa is looking at investing up to USD 400 million on its Liberian iron ore mining project in 2-3 years. It is gearing up to complete the first phase of mining in the West African nation by December, 2014. Since September 2012, Sesa Goa has been...