Vedanta's profits rise

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...

London Calling asks Sweden: Why stop hounding Vedanta now?

The Swedish government’s Ethical Council monitors company investments by the country’s four state pension funds. Among its prime targets are several resource extraction companies, including Rio Tinto and Freeport (because of their waste disposal practices...

The aftermath of another mining disaster in the Philippines

Another landslide has tragically swept away small-scale miners in the Philippines, in the gold rich Compostela Valley on Good Friday. Even as rescuers struggled through the mud, the military were destroying the miners’ houses to stop them returning – and...

Big Coal Emergency in Bangladesh Worsens

Violent crackdown on villagers peacefully opposing British company’s coal mine On the afternoon of May 5th, a peaceful anti-coal demonstration by local villagers in Bangladesh suddenly turned bloody. The resort to violence is the latest in a series of events...

Outrage at Indian go-ahead for POSCO "loot"

Last week, India’s Ministry of Environment and Forests (MoEF) gave the final go-ahead to  the POSCO steel project in Orissa. In an excoriating indictment of the decision, leading Indian environmental campaigner, Leo Saldanha, has laid bare the corrupt background...

Re-opening of Panguna Mine is not negotiable

Locals from Bougainville are keen to correct the pro-mine media regarding the reopening of the Panguna mine and warn against misrepresentation of views and a repeat of the bloody violence of the past. The proponent, Bougainville Copper Limited is majority owned by Rio...

London Calling sees Rio Tinto take it on the Chinalco

As reported last week, Vale of Brazil has just secured a big chunk of one of the world’s most-criticised new hydro dams. Now, China’s biggest aluminium producer, Chinalco, has signed a JV deal with a Malaysian tycoon in order to access electricity from...

Why did Barrick jump in, and Minmetals jump out?

London Calling ponders recent Western moves on Africa A while ago, the world’s biggest gold producer bid more than C$7 billion for Zambian copper miner, Equinox. The takeover is likely to proceed without hitch now that Barrick’s only major competitor,...

Tanzania's taxing problem

All Tanzanian companies (not just mining companies) are entitled to a refund on their input VAT. Thus, the recent announcement that AngloGold Ashanti and African Barrick are among those seeking a refund of more than US$270 million of this tax isn’t an anomaly as...