World Bank Says Poor People Need Coal – especially in Mongolia

Before Christmas, environmental groups called foul on the World Bank for even considering a proposal to finance a new coal-fired power plant in Mongolia. Funding Rio Tinto’s Oyu Tolgoi copper and gold mine project, which also includes a 750 megawatt coal plant,...

Ex-miners seek silicosis class action vs South African firms

A South African lawyer has moved to file a class action suit against more than 30 gold firms on behalf of 17,000 former miners who say they contracted the debilitating lung disease silicosis due to negligence in health and safety. The companies include...

Zambia: State to probe siphoned corporate taxes

Washington-based group, Global Financial Integrity, in its report revealed that more than £5 billion (K40 trillion) had been illegally siphoned out of Zambia over 10 years, with most of it ending up in offshore banks and tax havens. Among the mining companies active...

Papua New Guinea: OK Tedi – Up The Fly Without A Paddle

Canada’s Globe and Mail newspaper investigates rumours of a mysterious plague down-river from a giant gold mine in remote Papua New Guinea, and uncovers disturbing questions about the flow of benefits from the resources boom. The Ok Tedi mine was previously...

BHP holds a whopping 1,425 permits in Peru

BHP Billiton, Barrick Gold, Sesuveca del Peru and local Cia de Minas Buenaventura SAA were the four mining firms that won the largest number of Peruvian exploration concessions in 2012, reports local newspaper Gestion. See...

Where now for Indigenous Peoples and the extractive industries?

This posting includes two statements from the recent UN Forum on Business and Human Rights, held in Geneva and sponsored by the new UN Working Group on Human Rights and Transnational Corporations. The first is by the Indigenous Peoples and Extractive Industries...

The greatest mining flameouts of 2012

2011 was a year where many metals and minerals were hitting all-time record prices, most companies had more cash than they knew what to do with and in some parts of the world mine workers wouldn’t ge out of bed for less than six-figures. 2012 was always going to...

Coal play: inside the GCM Resources AGM, 20 December 2012

21 December 2012 Report and reflection by Richard Solly, London Mining Network Yesterday was nearly the shortest day, and the weather in London was heavy, grey and wet, and inside the GCM Resources AGM everyone felt gloomy. Company Chairman Gerard Holden had a cold,...