Amendment in Financial Reform legislation sets new global standard for corporate transparency When will UK follow suit? Communities living in resource-rich countries won a historic victory today when the U.S. Congress passed landmark transparency legislation as part...
A U.S. appeals court has rejected a $272.5 million class-action settlement between De Beers and purchasers of the company’s diamonds who said they were harmed by the company’s antitrust behaviour. The appeals court sent the settlement back to a lower court...
What is carbon trading for? Last year, thousands of people protested at the European Climate Exchange in London against carbon trading. The protest was part of the Camp for Climate Action that has also targeted coal mining, coal-fired power plants and the expansion of...
NETHERLANDS – Asset manager PGGM has withdrawn its investments in Indian mining company Vedanta Resources for “persistently ignoring” the environment and human rights. Despite a two-year dialogue concerning Vedanta’s mining activities in the state of...
There’s been a lot of recent speculation that Vedanta’s flagship bauxite mining project, at Nyamgiri in Orissa, is about to receive the clearance the company has been seeking for the past five years. Its hopes were boosted recently when the Indian prime...
London Calling examines dirty deals between China and Burma Rio Tinto has announced that it has now acquired an almost 30% stake in Canada’s Ivanhoe Mines – making it by far the company’s biggest backer. To date, Rio Tinto has invested over 1.7...
