Moves by unknown shell companies to control lucrative natural resources may have cost Democratic Republic of Congo $1 billion in lost revenue, as UK-listed mining company Glencore comes under pressure to explain deals. See...
Mining firm Xstrata has formally announced plans to merge with Glencore, the world’s biggest commodity trader. The deal would value the combined new business at $90bn (£56bn), of which Xstrata would comprise $39bn. The announcement came as Xstrata revealed a 20%...
London Mining Network’s concerns about Glencore and Xstrata involve the companies’ environmental and human rights impacts. But not even all the financial commentators are happy about the proposed merger. Money Morning says: Xstrata is a good fit for...
AN INDEPENDENT monitor’s report into Xstrata’s McArthur River mine has said there were extreme risks of a tailings dam bank breaking as well as acid draining into one of the river’s tributaries. Environment Centre NT director Dr Stuart Blanch said...
A conference on mining in Davao in the Philippines, organised by the Ateneo School of Government, concluded with the “Mindanao Declaration: Defending the Dignity of Life, Securing our Future”. The national Chamber of Mines was critical of the conference,...
The Loma Miranda mineral deposit is located some 17km southeast of the city of La Vega and 22km north of the city of Bonao. According to its owner, Xstrata-Falcondo, the deposit contains 22.9 million tonnes of ore grading 1,44% of nickel. Development of Loma Miranda...
