GCM Resources Plc (GCM.L) swung to a full-year pretax loss and said it remained fully committed to the Phulbari Coal project in Bangladesh and that it had cash of 1.4 million pounds as at end-June. See http://www.reuters.com/article/rbssEnergyNews/idUSBNG54445120090924.
Stop Press: According to Agence France Press (14.30 pm GMT) more than a hundred are now feared to have died in this disaster, with dozens more bodies still to be accounted for. At least thirty workers buried alive at UK mining company’s Indian operation PRESS RELEASE...
One of the world’s leading business websites, Forbes.com, has turned its attention to the unacceptable activities of companies that are mining iron ore in the Indian “holiday” state of Goa. The key culprit identified is Dempo – a company...
Just one more hurdle faces Grupo Mexico, before it’s allowed to take over one of the world’s biggest copper companies, the bankrupted Asarco. There’s still a prospect that Vedanta Resources will pip the Mexican miner to the post when a US district...
A plea to Vedanta – stay out of the Niyamgiri Hills “I am a Dongria Kondh and take pride in my identity. I live in the Niyamgiri hills. The hills are also the abode of our gods. It never occurred to us or our ancestors that our home or way of living would...
Recently, the government of DR Congo announced results of an audit of mining contracts signed with the former military regime, mostly by foreign companies. Arguably, it took the return of a fragile democracy (though certainly not of stability) for this process to be...
