Mozambique smelting profits should not fill foreign coffers, say campaigners: BHP Billiton accused
To attract foreign investors, the Mozambique government exempted the Mozal smelter from taxes on profit and VAT, levying only a 1% turnover tax, while allowing all profit from the smelter to be taken offshore. BHP Billiton, the mining group, owns 47% of Mozal, while...Pakistan voids gold, copper lease held by Barrick and Antofagasta
Pakistan’s top court has declared invalid a lease for one of the world’s richest deposits of gold and copper held by a Canadian-Chilean consortium that includes Vancouver-based giant Barrick Gold Corp. Barrick, the world’s largest gold producer, and...African Barrick Gold tumbles on failed deal with Chinese
Shares in African Barrick Gold went down a mineshaft, losing a fifth of their value in one day, after talks failed to sell a majority stake in the London-listed miner to a Chinese group. In a press release, the company announced that state-owned China National Gold...2013 – A Crunch Year for Coal and the UK Coal Industry
Press Release from Loose Anti-Opencast Network (LAON) In 2012, coal as source of energy for power generation purposes has gone through a period of resurgence. Recent statistics from the Department of Energy and Climate Change show a near 50% increase in the use of...Protesters mob Vedanta HQ as verdict deferred again
Protests were held in London and New York in solidarity with Dongria Kondh Indigenous People resisting Vedanta’s plans to mine the sacred Niyamgiri Hills in India. Click on image for more.