Banking on the next Fukushima

Despite the nuclear disaster at Fukushima witnessed by the world, there are plans to build a major nuclear power station in a highly earthquake-prone region on the west coast of India. The Jaitapur nuclear plant can only be built with financing from banks like HSBC....

ICMM accepts new members

The London-based International Council on Mining and Metals includes numerous companies about whose activities LMN member groups are deeply concerned. (See http://www.icmm.com/members/member-companies.) ICMM is now ‘delighted’ to welcome a French uranium...

South African mining facing implied $100bn silicosis damage

The South African mining industry is facing “a very serious” threat from silicosis claims that could result in implied damage of $100-billion, says RBC Capital Markets equity research unit. RBC analyst Leon Esterhuizen and associate analysts Arnold van Graan and Ben...

Mines Bigger than Yours! Forbes' rankings surprise

Forbes magazine has, until lately, rated the size (or power, if you prefer) of publicly-listed companies according to their value in the market (market capitalisation) on any specific date. Now it’s adopted three further criteria – sales, profits, and...

Greedy Glencore does not plan to change its ways

Private trader Glencore is to list in London this month Greed Inc: A special investigation into pollution, dubious tax practices and exploitation of African workers at Glencore News that the London Stock Exchange is on the verge of a mammoth flotation didn’t spread...

Xstrata in court over coal carbon emissions

Global mining giant Xstrata faced the Land Court of Queensland over the greenhouse impacts of its proposed Wandoan mega coal mine. Friends of the Earth lodged the objection with the Land Court due to the colossal carbon emissions from the mine. Its members say that...