The Bougainville Government has imposed an indefinite moratorium on mining at the troubled Panguna site — once the world’s biggest open-cut copper mines, formerly controlled by Rio Tinto.
It came down to the wire, but BHP, Vale SA and their Samarco joint venture managed to close a deal with prosecutors that distances the companies from 175 billion reais ($53 billion) in lawsuits.
Long-delayed permit expected to be issued next month. If not, mine will be shut by Sep. 2018
The newly-released so-called Paradise Papers has prompted the Australian Tax Office to initiate action against 18 multinational companies. One of these is Glencore, a major global mining company and the world’s biggest metals trader.
Ahead of the High Court hearing, two of the Peruvians taking a claims against Xstrata Ltd (London) and its Peruvian subsidiary, Xstrata Tintaya S.A., arguing the companies should be held liable for alleged human rights violations perpetrated by the Peruvian National Police.
