The world’s 50 most valuable mining companies
BHP Billiton, Rio Tinto, Glencore are in top four; Anglo American and Fresnillo come in at 16 and 17.
Rio Tinto in Madagascar: A mine destroying the unique biodiversity of the littoral zone of Fort Dauphin
The World Rainforest Movement and Re:Common are joining London Mining Network in exposing the environmental destruction and human rights violations this industry is responsible for with the release of a new article about a biodiversity offset project used by Rio Tinto to greenwash destruction of a rare forest at the company’s ilmenite mine in south-eastern Madagascar.
Disaster at Glencore-owned mine in Kazakhstan
Last month yet another mining disaster occurred — though unsurprisingly, it received no international press coverage. Pollution from a zinc mine waste dump in the mining town of Ridder, Kazakhstan, spilled into the Ulba and Filippovka rivers, which flows near the Kazakhstan-Russian border, and headed toward the Siberian city of Omsk. The mine’s operators, Kazzinc Inc Ltd., is a subsidiary of Glencore, one of the largest multinational mining companies in the world.
Peru: Glencore-Xstrata human rights case heard in London
On 8 July 2016, there was to be a hearing in the London High Court in a case brought by 22 indigenous Peruvians who allege human rights violations perpetrated by the Peruvian Police for which they allege Xstrata Ltd (London) and its Peruvian subsidiary, Xstrata Tintaya S.A should be held liable.
Iron ore surges past $55 as Rio Tinto exits Simandou
The two events may not be directly connected, but it’s likely that Rio Tinto’s decision to shelve its huge Simandou iron ore project in Guinea bid up the price.