Separation would eventually leave Bumi, whose shares have tumbled after allegations of financial irregularity, back at square one as an investment shell. See http://www.guardian.co.uk/business/2012/oct/11/bakries-bumi-part-company-nat-rothschild.
Long-term Investors in South Africa’s mining industry are divesting from company stocks, according to the country’s Business Day newspaper. Workers are extending their strikes to even more mines, and no resolution of the current, tension-ridden, impasse...
Directors of Bumi, the bombed-out coal miner created by Nat Rothschild, will this week receive their first update on a scandal that is expected to lead to a radical overhaul of the company. See...
Bretton Woods Project last week took issue with the International Finance Corporation (IFC). The UK-based NGO strongly criticised the World Bank’s private lending arm over its backing for six mining projects, located in South Africa, Peru, Colombia, Mongolia and...
Vedanta Resources plc has been pummelled by numerous critics over recent years, not least by non-governmental organisation in the United Kingdom. That’s surely appropriate, given the company was listed on the London Stock Exchange in December 2003 and is thereby...
Mongolia’s new government will ignore calls for the nation to take a larger share of Rio Tinto Group’s Oyu Tolgoi copper and gold mine, focusing instead on attracting overseas investors to the country’s biggest coal field, the foreign minister said. See...
