The Federal and Northern Territory governments’ has approved Rio Tinto subsidiary Energy Resources of Australia to re-start uranium processing at the embattled Ranger uranium mine in Kakadu, Australia. The decision was taken, ironically, on World Environment Day. The Ranger mine had been suspended since a uranium leach tank collapsed, spilling more than a million litres of radioactive and acidic slurry in December 2013.
Barclays Bank has been fined £26m by UK regulators after one of its traders was discovered attempting to fix the price of gold.
The trader, who has been sacked, exploited weaknesses in the system to profit at a customer’s expense, the Financial Conduct Authority (FCA) said.
The incident occurred in June 2012, the day after the bank was fined a record £290m for attempting to rig Libor.
Barclays said it “very much regrets the situation” that led to the fine.
A new study released this month, coinciding with two landmark victories by communities over fossil fuel companies has shown that the social license for companies to dig or drill at will is rapidly eroding, sending warning signals to investors worldwide.
Kalimantan – The project could see more than a billion tons of coal dug up from an area of global significance, where indigenous people have lived for generations amid the forests and rivers.
Kalimantan – The project could see more than a billion tons of coal dug up from an area of global significance, where indigenous people have lived for generations amid the forests and rivers.
