Vedanta subsidiary offers 160 billion Rupees to buy out Indian government's stake in Hindustan Zinc, Balco
Vedanta subsidiary Sterlite Industries has offered to pay Rs 16,000 crore to buy government stakes in Hindustan Zinc (HZL) and Bharat Aluminium Company (Balco), in which the majority holding was acquired by the Vedanta group about a decade back. “Government had...Miners fight new fees structure in Zimbabwe
Sometimes, it seems a goverment just can’t win. In order to increase income, Zimababwe proposes to hike mining fees – and that’s inevitably upset the industry, which says it will make their businesses unviable. At the same time, some supporters of...Ghana: Collection of increased tax for mining companies is being delayed
Three months after the announcement of an increase in corporate tax for mining companies from 25 to 35 percent in Ghana, the raise is yet to be implemented. The tax may not be collected until 2013, according to TV3 television channel. “The attitude of government gives...Wish you were mine
The true extent of Africa’s vast wealth of resources is hard to guess. Geologists have picked over most of the rest of the globe in search of minerals, yet huge swathes of Africa remain largely unprobed. But the immense ore deposits so far discovered and soaring...USA: Navajo, Environmental Organizations Partner to Appeal Peabody's Kayenta Coal Permit
A group of five organizations, To Nizhoni Ani, Black Mesa Water Coalition, Dine C.A.R.E, Sierra Club and the Center for Biological Diversity have filed an appeal that challenges the U.S. Office of Surface Mining Reclamation and Enforcement’s (OSM) decision to...Statement of the indigenous peoples of the Barents Euro-Arctic Region
It’s rather wordy, lengthy, and couched in legalese – compared to some more community-orientated statements made of late. However, a Resolution, made at the second Barents Indigenous Peoples Congress, recently held in Norway, is an important statement of...Canada mining boom leaves natives in the cold
Despite living just 90km from a massive diamond mine, Jackie Hookimaw Witt has watched poverty tear at the fabric of Attawapiskat, an indigenous community in northern Canada…”Why are our people living in such extreme poverty when we are so close to this...World No. 3 copper mine halts operations after accident fatality
Collahuasi copper mine, jointly owned by Anglo American and Xstrata, has halted all operations pending accident investigation after a fatality at the mine’s sulphide plant. See...Coal impasse may lead Essar to hold 3 projects
Difficulties in sourcing fuel for its coal-fired electricity plants may force London-listed Essar Energy to shelve its plans for three power projects. See http://www.business-standard.com/india/news/coal-impasse-may-lead-essar-to-hold-3-projects/466122/. Report of the Special Rapporteur on the situation of human rights defenders in India
In the context of the country’s economic policies and despite legal requirements of consultation and rehabilitation, defenders engaged in denouncing development projects that threaten or destroy the land, natural resources and the livelihoods of their community or of...Launch of the Pandora's Box Report
Gaia Foundation has published a report, Opening Pandora’s Box – A New Wave of Land Grabbing for the Extractive Industries and The Devastating Impact on Earth.