Mining investment company Vallar plc Tuesday said it intends to buy a 25% stake in Bumi and 75% stake in Berau for a combined consideration of about US$3 billion, in a cash and new Vallar shares deal. As part of the transaction, Vallar will be renamed to Bumi plc....
The world’s third-largest gold-miner, AngloGold Ashanti, announced that it had sold its 10,17% stake in Vancouver-based B2Gold Corporation. AngloGold realised net proceeds of C$70-million from the sale of more than 31-million shares, or its entire holding in the...
The Australian government wrapped up four months of consultation with miners on a planned tax on profits, with Resources Minister Martin Ferguson calling them “constructive” after reports of friction over royalty payments. But the government would not...
Introduction by mining researcher Roger Moody With a double failure to make a stock market killing in as many months, the world’s biggest mining company is nursing its wounds. But – almost alone among senior mining companies – BHP Billiton now “suffers”, not...
The OECD has supported Australia’s controversial proposed mining tax by saying it is fair and efficient and recommended it be imposed on all miners. This affects, among others, London-listed mining giants Anglo American, BHP Billiton, Rio Tinto and Xstrata. See...
Foreign gold mining companies in Ghana regularly seize people’s land, pollute the environment and violently suppress those who oppose them, according to a new report by a human rights team at the University of Texas School of Law. The report concentrates on...
