The Bumi drama highlights how many in the City want to shine more light on foreign firms gaining from a London listing. See http://www.independent.co.uk/news/business/analysis-and-features/mining-the-darker-side-of-the-london-market-8213987.html. Bumi affair reflects...
As peace talks begin in Norway between the Colombian government and Farc guerrillas, any brighter future for the country’s people requires new responsibility from the City of London and the British government. The UK represents one of the biggest investors in...
Last year, the USA’s “flagship” carbon capture and storage (CCS) project was about to be suspended. A leading Chinese scientist has also expressed strong doubts about the viability of the techology. According to the Global CCS Institute, last year...
The five-week wildcat strike at South Africa’s Marikana mine, owned by London-registered corporation Lonmin, ended with an important victory for the miners, which increased wages by between 11 and 22 percent. However, the way that the dispute has stoked the...
Nat Rothschild has abruptly quit the board of a mining company he created, accusing his chairman of being “complicit” in the “oppression” of some shareholders. See...
A month ago, in the wake of the Marikana massacre, Mines and Communities commented on the failure of South Africa’s National Mineworkers’ Union, to reconcile with a rival union, the AMCU. Not only has such conciliation not taken place, but nearly 20% of...
The striking miners refused the industry’s latest pay rise offer despite an extended deadline to respond, dimming hopes the illegal strike in the industry will come to an end anytime soon. Companies affected include London-listed AngloGold Ashanti. See...
Anglo America’s Kumba Iron Ore announced on Monday that it had fired almost 300 workers in South Africa for participating in an illegal strike and commandeering millions in company equipment. According to a company statement the strikers have occupied the mine...
The London-listed company has temporarily shut down its controversial alumina refinery plant in the eastern State of India, because it has run out of bauxite. See http://www.mineweb.com/mineweb/view/mineweb/en/page72102?oid=160177&sn=Detail&pid=92730
At a high-level conference on climate change at Chatham House, London, two activists interrupted first Peter Kent, Canada’s Environment Minister, then Shell’s UK Chairman Graham van’t Hoff, as they got up to make speeches. The conference attendees included EU Climate...
Mongolian MP N Batbayar says that the OyuTolgoi budget exceeded what was first planned and it means that the Mongolian foreign debt has increased. Oyu Tolgoi is operated by Rio Tinto. See http://english.news.mn/content/122449.shtml.
Following the accusations, recriminations and resignations surrounding Bumi plc and consequent calls by financial commentators for better regulation by the London listing authorities, activists and NGOs are calling on the government to explain to the UK investing...
