Nathaniel Rothschild, co-chairman of miner Bumi Plc, says he has “total confidence” that Indonesia’s Bakrie family, Bumi’s largest shareholders, would succeed with plans to refinance a $1.35 billion (855.73 million pound) loan, but said talks with potential partners...
London-listed Glencore is close to lending $800-$900 million to Indonesia’s Bakrie coal mining group to help it repay its $1.35 billion debt and stave off a potential default. See...
UK-based Churchill Mining has lost its right to exploit one of Indonesia’s largest and most promising new coal fields, also in East Kalimantan. In a complex feud between the company and its Indonesian financial backer, Churchill was accused of having taken over...
The Australian government hast passed its “carbon tax” legislation, marking the first time that a major industrialised state has attempted to price, and place a cap on, its greenhouse gas emissions. Acrimonious debate around the proposal had evoked the...
A recent report by Publish What You Pay singled out Norway as a favoured European “secrecy jurisdiction” for extractive industry corporates, but the Netherlands isn’t far behind. Schiphol airport is home to AA Holdings Argentina BV, part of Anglo American plc, while...
A lawyer with a division of the Secretariat of the Pacific Community says deep-sea mineral exploration and mining will be hugely beneficial to the Pacific Islands. Hannah Lily, who’s with the Secretariat of the Pacific Community’s Pacific Geoscience Commission, aims...
Two native bands in British Columbia have accused Rio Tinto-Alcan of diverting water towards a massive aluminium smelter, thus causing a decline in their traditional stocks of fish. See http://www.minesandcommunities.org/article.php?a=11241.
A Ghanaian business magazine has revealed that the state holds no stake in any of five major gold mining enterprises operating in the country. Ghana’s Mine Workers Union is calling for a windfall tax to be applied to excess profits made by the industry. Among...
Pakistan’s Baluchistan provincial government has re-iterated its opposition to a major copper-gold project, being touted by UK-listed Antofagasta and Canada’s Barrick Gold. Among its objections are a claim that the two companies have failed to reveal the...
Protesters from the Occupy LSX demonstration marched from St Paul’s cathedral to join anti-nuclear campaigners, supporters of London Mining Network member group Colombia Solidarity Campaign and others outside yesterday’s BHP Billiton AGM. See short video...
2pm on FRIDAY 14 OCTOBER at the Colombian Embassy at 3 Hans Crescent, London, SW1X 0LN. Nearest tube: Knightsbridge. Organised by: Colombia Solidarity Campaign Movimiento 22 COLOMBIA, the second most BIODIVERSE country in the world, home to 105 INDIGENOUS CULTURES,...
Global diversified miner BHP Billiton moved a step closer to expanding its large-scale Olympic Dam copper and uranium mine in Australia on Monday, after securing environmental approvals for the project. See...
