London Calling on a looming, copper-bottomed, threat

Jan 22, 2013 | News

“Digging copper has long proved one of the most damaging and life-threatening activities in the extractive sector. There might be justification for mining the red metal, so long as it is used to improve peoples’ lives – notably by bringing...

Talvivaara plans temporary lay offs due to mining halt

Jan 22, 2013 | News

London-listed Finnish nickel miner Talvivaara said it was planning to temporarily lay off some 230 employees for up to three months as mining activities are expected to remain suspended for the first half of the year. See...

“De-list Vedanta!” protest at FSA headquarters

Jan 21, 2013 | News

Activists from Foil Vedanta and other groups including LMN held a silent protest today calling for the new Financial Conduct Authority to de-list Vedanta from the London Stock Exchange. Click on image for more…

Rio Tinto boss Tom Albanese resigns over $14bn write-down

Jan 18, 2013 | News

The chief executive of mining giant Rio Tinto has resigned after the company announced a $14bn (£8.7bn) write-down. The write-down relates to the company’s aluminium and coal-mining businesses. Chief executive Tom Albanese stepped down by mutual agreement with...

Vedanta: the world's most hated company?

Jan 18, 2013 | News

When the Independent referred to FTSE 100 company Vedanta Resources as the world’s most hated company, it wasn’t joking. Two and a half years and later, the mining company is still sparking protests on several continents over its human rights abuses and...

Indian Ministers support Indigenous Peoples against Vedanta

Jan 18, 2013 | News

India Tribal affairs minister against diluting Forest Peoples’ Rights Tribal affairs minister Kishore Chandra Deo has warned against dilution of the Forest Rights Act for faster approval to projects and has asked environment minister Jaynathi Natarajan to ensure...

Indian court calls for probe into Vedanta's political donations

Jan 18, 2013 | News

The Delhi High Court has issued a notice to the central government and the Election Commission seeking a directive for a probe into the Congress and the BJP parties allegedly accepting donations from subsidiaries of the Vedanta Group. Vedanta is listed and...

Vedanta's Zambia unit suspends Chingola mine output

Jan 18, 2013 | News

Zambia’s Konkola Copper Mines has suspended production at its Chingola open-pit mine after the expiry of the contract with its Brazilian mining partner, the company said on Thursday. Konkola, owned by London-listed Vedanta Resources, contracted Brazil’s U&M Mining...

South African Gold Miners Sue Over Deadly Lung Disease

Jan 18, 2013 | News

Thousands of gold miners have asked permission from South African courts to sue some 30 mining companies over negligence in health and safety that the miners allege has caused them to contract silicosis, a debilitating and potentially fatal lung disease. Just before...