Chile’s environmental regulator SAM has imposed a $4.5 million fine on Anglo American Sur, a subsidiary of London-based Anglo American, for violations at one of the five copper mines it operates in the country.
Finally, after years of debate and internal political dissent, the Australia government will sell uranium to India, under a pact signed beween the two states this week. No doubt this is music to the ears of Australia’s two largest uranium mining companies – Rio Tinto and BHP Billiton.
A proposal to create a new national park that would have blocked the expansion of Glencore’s ferro-nickel Falcondo mine in the forested mountains of the central Dominican Republic was vetoed by President Danilo Medina.
This so-called “resource curse” has usually been identified as a consequence of over-invesment in mining in poorer countries, particularly by foreign companies. Did we ever think this term (or at least the concept) would be applied to a thoroughly “developed” nation such as Australia, with huge homegrown mining companies, such as BHP Billiton – the biggest of its kind in the world?
This so-called “resource curse” has usually been identified as a consequence of over-invesment in mining in poorer countries, particularly by foreign companies. Did we ever think this term (or at least the concept) would be applied to a thoroughly “developed” nation such as Australia, with huge homegrown mining companies, such as BHP Billiton – the biggest of its kind in the world?
