The pensions of hundreds of public sector workers in Northern Ireland are no longer financing controversial UK-mining firm Vedanta Resources, which was accused by Amnesty International of breaching people’s human rights through its bauxite and aluminium operation in...
Chairman of Vedanta Resources, Anil Agarwal, got a little over 16 per cent hike in his annual remuneration to 2.01 million pounds in 2011-12. Agarwal’s cumulative remuneration included annual performance bonus of 0.55 million pounds and payment of 56,000 pounds...
Rapidly dwindling stock of bauxite at its refinery complex at Lanjigarh in Odisha’s (Orissa’s) Kalahandi district has forced Vedanta Aluminium Ltd (VAL) to downsize its capacity significantly. And, with bauxite stock depleting to almost ‘zero level’, the...
Phulbari Day was observed yesterday (Sunday 26 August) in Bangladesh. Protesters led by the country’s National Committee to Protect Oil, Gas, Mineral Resources, Power and Ports marched in honour of those who were killed while protesting against the Phulbari...
The world’s number one miner, BHP Billiton, has delayed its $30 billion Olympic Dam copper-uranium expansion and said no major projects would be approved until June 2013 as it tries cutting costs. See...
In August 2011, Reuters reported that the world’s biggest mining company, BHP Billiton, had agreed to pay US$19. 6 million in back royalties to the Colombian government. This was in return for its being allowed to continue operating Latin America’s biggest...
Glencore’s merger with Xstrata close to collapse Glencore chief executive Ivan Glasenberg says he could walk away from the deal rather than give in to shareholder demands. See...
Following the demand to implement an independent environmental monitoring programme in Espinar, Peru, the local NGO “Vicaría de la Solidaridad” got funds and technical support from the German Catholic Bishops’ Organization for Development Cooperation “Misereor”....
The European Union is funding a drive to develop a regulatory system for sea bed mining in the Pacific by SOPAC, the Secretariat of the Pacific Community, specifically its Applied Geoscience and Technology Division. SOPAC’s avowed purpose is to “help...
South Africa’s leading gold mining companies are facing a potential lawsuit on behalf of thousands of workers who claim they contracted silicosis, a lung disease, through the companies’ negligence. A South African lawyer has filed the first papers against...
The heated legal battle between diversified miner Anglo American and its Chilean adversary Codelco, the world’s largest copper producer, has finally come to an end, as the parties announced that they’ve reached an agreement. The cash deal of over $2.8 billion,...
In July 2012, the estate of Ken Talbot agreed to sell the Group’s majority 58.9% interest in the Revuboe metallurgical and thermal coal project in Mozambique to Anglo American plc. This will align the London-listed, mega-mining, outfit with the two other owners...
