Demand for metals on the world market is prompting a mining boom in Michigan’s rural Upper Peninsula, where jobs are scarce. But possible environmental damage to forests, lakes, and rivers alarms some locals. One of the companies causing concern is Rio Tinto...
The world’s biggest miner, BHP Billiton, is declaring force majeure at its coal mines in Australia’s Bowen Basin due to prolonged union strikes and heavy rain, the company said on Monday, in a move that could spur prices of metallurgical coal. About 3,500...
Investor BlackRock has reduced its weighting in BHP Billiton to 6.5% from as high as 10% on concern over near-term returns as the miner pursues a long-term growth strategy. See...
About three months after BHP Billiton announced it was reviewing the future of its diamonds business with a view to selling it, Rio Tinto has followed suit with its own strategic review. The decisions of both of the big miners to question the future of diamonds within...
Vedanta, Tata, ArcelorMittal and Adani are among a hundred companies, said to have benefited from the “fixing” of recent Indian coal contracts – to the tune of US$210 billion. Indian Prime Minister, Manmohan Singh, has argued that newspaper reports...
Vedanta Resources’ cynical campaign, to create an impression of “happiness” among communities impacted by its destructive activities, has been widely ridiculed. Now, it turns out that Vedanta’s supremo, Anil Agarwal, has been grooming his own...
