As tensions in the mining sector start to flair up again, newly-elected ANC Deputy President Cyril Ramaphosa told CNN that mining companies need to take greater responsibility for the welfare of their workers. Speaking to Christiane Amanpour, the billionaire and...
UK Takeover Panel censures Bumi In mid-December 2012, the UK Takeover Panel ruled that the notorious Bakrie Group, and an investor called Rusan Roeslani, must reduce their shareholder voting rights in London-listed Indonesian coal giant Bumi plc from 50.3% to less...
Rio Tinto Group is said to have invited bankers to Mongolia to help it raise as much as $4 billion of debt for the Oyu-Tolgoi copper-gold site, the country’s biggest-ever mine. Rio Tinto is seeking to raise as much as $2 billion from commercial banks, with the...
Diversified miner Anglo American and cement producer Lafarge have completed the merger of their UK-based assets after receiving the final go-ahead from the UK Competition Commission. The newly formed 50:50 joint venture (JV), Lafarge Tarmac, comprised the parties’...
London-based multinational resource group Anglo American will continue with the works already underway at its US$3.3bn Quellaveco copper project in Moquegua region of Peru while updated technical and financial reports are prepared for the board of directors, a company...
Anglo American announced last week it has appointed current AngloGold Ashanti CEO, Mark Cutifani, as Cynthia Carroll’s replacement. Carroll, who took the reins at the transnational miner in March of 2007 announced in October last year that she would be stepping...
An environmental lawyer who has already helped several towns ban mining in their territory said he will help create a provincial assembly in western Colombia with more powers to exclude mining. Juan Ceballos, a lawyer with a passion for the environment, plans to help...
A new study shows that attempts to limit global warming to 2 degrees Celsius, from the year 2020, will be far more costly than taking urgent steps to do so now. If the measures – dependent on a realistic pricing of carbon emissions – are delayed until...
Local inhabitants armed with spears and slingshots have been protesting against the low prices the company paid to buy their land and the employment policy at its mineral sands operation near Fort-Dauphin at the island’s south-east tip. They blocked workers of...
Resistance to open pit mine, forced displacement and environmental disaster is strengthening everyday in Phulbari, Bangladesh. Recently, activists in Phulbari reported an exciting development. Shahriar Sunny, of the Bangladesh National Committee in Phulbari, states...
To attract foreign investors, the Mozambique government exempted the Mozal smelter from taxes on profit and VAT, levying only a 1% turnover tax, while allowing all profit from the smelter to be taken offshore. BHP Billiton, the mining group, owns 47% of Mozal, while...
Pakistan’s top court has declared invalid a lease for one of the world’s richest deposits of gold and copper held by a Canadian-Chilean consortium that includes Vancouver-based giant Barrick Gold Corp. Barrick, the world’s largest gold producer, and...
