Nov 22, 2017 | News
The company claims Africa to be the “largest untapped source of growth for our industry…providing us with the opportunity, in partnership with the east, to be part of the once-in-a-lifetime transformation story”. So, metals and materials will be dug up on earth’s poorest subcontinent, to serve the pretended needs of growing middle-classes in China, India, and elswhere in Asia. No surprise there – Rio Tinto has been doing much the same for over a century, while the Chinese state has become the company’s pre-eminent shareholder.
New markets may be radically re-targeted, but the colonial trope appears as much in evidence as ever – though now dressed up in more evocative and fancier clothes.
Nov 22, 2017 | News
The company claims Africa to be the “largest untapped source of growth for our industry…providing us with the opportunity, in partnership with the east, to be part of the once-in-a-lifetime transformation story”. So, metals and materials will be dug up on earth’s poorest subcontinent, to serve the pretended needs of growing middle-classes in China, India, and elswhere in Asia. No surprise there – Rio Tinto has been doing much the same for over a century, while the Chinese state has become the company’s pre-eminent shareholder.
New markets may be radically re-targeted, but the colonial trope appears as much in evidence as ever – though now dressed up in more evocative and fancier clothes.
Nov 22, 2017 | News
Seattle-based law firm Hagens Berman Sobol Shapiro LLP released a statement saying it filed a suit on behalf of purchasers of Rio Tinto American Depositary Receipts between Oct. 23, 2012 and Feb. 15, 2013 in the U.S. District Court for the Southern District of New York. The action has been filed against Rio Tinto and its former CEO Tom Albanese and CFO Guy Elliott over the value destroying acquisition of Mozambique coking coal assets in 2011.
Nov 22, 2017 | News
London-linkied Canadian company Eldorado Gold, Greece’s biggest foreign investor, has decided to stop development and investment in its Skouries gold project located in the country’s northern region of Halkidiki, as talks with authorities seemed stalled.
Nov 22, 2017 | News
In a press conference and two statements, the world’s largest gold producer revealed that Acacia Mining Plc would pay Tanzania’s government $300 million and divide the future “economic benefits” of its mining operations in the African nation.
