Investor BlackRock has reduced its weighting in BHP Billiton to 6.5% from as high as 10% on concern over near-term returns as the miner pursues a long-term growth strategy. See...
About three months after BHP Billiton announced it was reviewing the future of its diamonds business with a view to selling it, Rio Tinto has followed suit with its own strategic review. The decisions of both of the big miners to question the future of diamonds within...
Vedanta, Tata, ArcelorMittal and Adani are among a hundred companies, said to have benefited from the “fixing” of recent Indian coal contracts – to the tune of US$210 billion. Indian Prime Minister, Manmohan Singh, has argued that newspaper reports...
Vedanta Resources’ cynical campaign, to create an impression of “happiness” among communities impacted by its destructive activities, has been widely ridiculed. Now, it turns out that Vedanta’s supremo, Anil Agarwal, has been grooming his own...
Mukesh Ambani is personally worth $20 billion. He holds a majority controlling share in Reliance Industries Limited (RIL), a company with a market capitalisation of $47 billion and global business interests that include petrochemicals, oil, natural gas, polyester...
A new report on the world’s “most controversial” mining firms has named and shamed ten companies, after comparing their performance against the UN Global Compact and other environmental, social and governance principles. The report from Zurich-based...
How on earth can taxing carbon emissions save the planet, without a drastic cutback in our reliance on coal? That’s a question which hasn’t yet been addressed by one of the world’s biggest thermal coal exporting countries. See...
India’s recently-formed Green Tribunal has shown some teeth. It’s ordered the suspension of the environmental clearance, granted just over a year ago, to the country’s biggest proposed industrial project, declaring the earlier process to have been...
Xstrata Plc, the world’s largest exporter of power-station coal, won court approval to build the A$6 billion ($6.3 billion) Wandoan coal mine in Australia that opponents say threatens the Great Barrier Reef. Carmel MacDonald, president of the Land Court of Queensland,...
A battle centred on gold mines in the north of Greece is turning violent. Because of the economical crisis, corporations are ‘buying’ at almost no cost the previously public forests and water in order to collect gold. “Greek Gold S.A.”, a subsidiary of Canadian...
Montana Exploradora, a subsidiary of the Canadian company Goldcorp Inc, has been exploiting natural resources, particularly gold, in the highlands of San Marcos since 2005. The people of San Marcos, where the Marlin mine is situated, have been suffering the daily...
The “will he won’t he” political pantomime continues as President Aquino’s promised executive order (EO) on mining in the Philippines is further postponed. The vacuum created by inaction is being more than filled with speculation; the most...
