BHP Billiton confirms London listing for spin-off
Mining giant BHP Billiton, hoping to appease disgruntled investors, confirmed on Thursday that it would list a planned spin-off company in London next year, as well as in Australia and South Africa.
Mining giant BHP Billiton, hoping to appease disgruntled investors, confirmed on Thursday that it would list a planned spin-off company in London next year, as well as in Australia and South Africa.
Deva Gold, a subsidiary of the murky Canadian mining company, Eldorado Gold (whose shares are traded on London’s Alternative Investment Market, AIM), illegally started construction works for the development of the cyanide based Certej mine, despite not having acquired any of the relevant permits from the appropriate institutions. Thus the process of cyanide leaching in Romania is on its way.
Deva Gold, a subsidiary of the murky Canadian mining company, Eldorado Gold (whose shares are traded on London’s Alternative Investment Market, AIM), illegally started construction works for the development of the cyanide based Certej mine, despite not having acquired any of the relevant permits from the appropriate institutions. Thus the process of cyanide leaching in Romania is on its way.
Plummeting iron ore prices, debt and Ebola all threaten to drain the life out of the owner of Greenland’s largest mining project to date before the sod is even turned.
This land of nomads boasts one of the world’s fastest-growing economies, thanks in part to that massive Oyu Tolgoi mine. It alone is expected to account for up to one-third of the country’s gross domestic product and deliver much-needed infrastructure and good jobs.
But as the mine scales up, the operation that’s now led by mining giant Rio Tinto has struggled to live up to its promises of world-class environmental standards.