As the long awaited submission to South Lanarkshire Council of the full application to mine 4 million tonnes of coal from the so-called “satelite” Glentaggart East mine has finally happened, there has been yet another accident on the A70 involving a coal HGV. This...
The Director of NASA’s Goddard Institute for Space Studies believes that coal is the single greatest threat to civilisation and all life on our planet. See http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=10725266.
Many of the world’s poorest countries are rich in valuable raw materials which could help fuel their development. And many of the world’s richest countries want to get their hands on them. The European Union is developing its Raw Materials Initiative...
Despite the nuclear disaster at Fukushima witnessed by the world, there are plans to build a major nuclear power station in a highly earthquake-prone region on the west coast of India. The Jaitapur nuclear plant can only be built with financing from banks like HSBC....
The London-based International Council on Mining and Metals includes numerous companies about whose activities LMN member groups are deeply concerned. (See http://www.icmm.com/members/member-companies.) ICMM is now ‘delighted’ to welcome a French uranium...
The South African mining industry is facing “a very serious” threat from silicosis claims that could result in implied damage of $100-billion, says RBC Capital Markets equity research unit. RBC analyst Leon Esterhuizen and associate analysts Arnold van Graan and Ben...
Forbes magazine has, until lately, rated the size (or power, if you prefer) of publicly-listed companies according to their value in the market (market capitalisation) on any specific date. Now it’s adopted three further criteria – sales, profits, and...
Private trader Glencore is to list in London this month Greed Inc: A special investigation into pollution, dubious tax practices and exploitation of African workers at Glencore News that the London Stock Exchange is on the verge of a mammoth flotation didn’t spread...
Global mining giant Xstrata faced the Land Court of Queensland over the greenhouse impacts of its proposed Wandoan mega coal mine. Friends of the Earth lodged the objection with the Land Court due to the colossal carbon emissions from the mine. Its members say that...
Despite Vedanta’s roaring hoardings of ‘Mining Happiness’, forceful grabbing of adivasi land by the company in Lanjigarh has always been a burning issue. Adivasis had been knocking all possible doors for justice: from the local administration to...
The Prime Minister’s Office (PMO) has asked for a review of Vedanta’s track record in the country’s mining and power sector before approving its $9.6-billion acquisition of Cairn India, a move that may further delay the controversial transaction that...
India-focused miner Vedanta Resources posted a 29 percent jump in full-year earnings per share, on the back of strong metal prices and a background of robust demand for commodities. See...
