New analysis from Carbon Tracker shows how the growing number of coal mining companies listing in London exposes the financial market to a significant systemic risk. Investors tracking the FTSE AllShare Index are facing increasing efforts across the world to regulate...
The DSC Jaipur Literature Festival opened in India on 20 January 2012, and concludes today. Billed as “the largest literary festival in the Asia-Pacific” it had already provoked heated debate before it got underway – the Festival is sponsored by two...
The vast Grasberg copper-gold mine in Indonesian-occupied West Papua is a continuing source of tension between the Indonesian government and those campaigning for West papuan independence. London-based Rio Tinto helped to finance the mine’s expansion and...
In November 2001, Rio Tinto secured a “Notice of Completion (COC)” from Wisconsin’s Department of Natural Resources (DNR) confirming that it had successfully reclaimed its Flambeau copper mine. This enterprise generated massive opposition by a...
The company warned that recent flooding caused by heavy rainfall in northern Australia will continue to restrict its uranium production for the year. See http://www.mineweb.com/mineweb/view/mineweb/en/page504?oid=143022&sn=Detail&pid=92730.
Vedanta Aluminium Ltd tried to get the High Court in the Indian State of Orissa to overturn its decision to stop expansion of the company’s Lanjigarh bauxite refinery. It failed. See...
Vedanta’s contract with Scottish firm, Cairn Energy, to take a controlling stake in India’s most promising new oil field, still isn’t a “done deal”. But the acquisition has now moved one step closer to completion with backing from the Oil...
Barack Obama rejected the controversial Keystone tar sands pipeline last Wednesday, making good on a promise not to give in to a Republican ultimatum on the project. See http://www.no-tar-sands.org/2012/01/huge-victory-obama-kills-keystone/.
The debate over the use of coal in Britain is heating up. Reuters reports a British company, Clean Coal UK, is planning to mine an estimated billion tonnes of coal off the Welsh coast using underground coal gasification. The technique converts coal into a synthetic...
International Coal Ventures, a consortium of Indian state-run entities created to acquire coal assets abroad, has formed a strategic tie-up with Anglo American, a global leader in mining, for scouting for coking coal properties globally. See...
A Chilean court has ordered London-based Anglo American to reveal the contract under which it sold a 24.5% stake in its central Chile assets to Japan’s Mitsubishi. The court order follows a legal action filed by state copper producer Codelco aimed at gathering...
Efforts to bring the massive Tampakan copper-gold project to commercial phase suffered a major blow after the Department of Environment and Natural Resources rejected the proponent’s application for an environmental compliance certificate (ECC). Documents obtained by...
