HSBC worried about its gold….

U.S. asset managers worried Obama could confiscate gold Speaking at the FT Silver conference in London, lead-off speaker John Levin, HSBC Bank’s Managing Director, Global Metals and Trading (HSBC is one of the world’s top precious metals traders and its...

UK mining company helps undermine Indigenous rights in Canada

Mining projects in Schefferville: Newfoundland and Labrador government undermining Innu rights The Innu communities of Matimekush-Lac John and of Uashat mak Mani-Utenam, supported by the member communities of the Innu Strategic Alliance, are undertaking concrete...

African Barrick to join FTSE 100

Two recently-listed commodity groups are to join Britain’s FTSE 100 after the latest quarterly indexes shuffle, FTSE Group said on Wednesday, reflecting strong investor interest in resource-linked stocks. India-focused oil & gas group Essar Energy and gold...

Customers more bullish than market – Alcan's Côté

For now at least, aluminium producer Rio Tinto Alcan is finding that its customers remain noticeably more bullish that the broader market, chief executive Jacynthe Côté said on Wednesday. “We are watching very carefully, but the demand seems to be holding,” she said...

Rio Tinto forms Mozambique JV with explorer AfNat

The share price of exploration company AfNat surged by 50% in London on Wednesday morning, after the company announced that it was forming an exploration joint venture (JV) with a subsidiary of the Rio Tinto group. AfNat is listed on London’s Alternative...

Flatulent dog to trumpet Australian mining industry

The heart-warming tale of a friendly, flatulent and hitch-hiking dog has seen major mining firms branch out into new territory, as they support an Australian film about the legendary “Red Dog”. Companies such as Rio Tinto and Woodside Petroleum have backed...

Our plan to stop the oil (and coal…): 95% renewables by 2050

Want a way to stop the corruption and pollution that the fossil fuel industry is wreaking on our planet? We’ve seen a better future, and here’s our plan to get there: the Energy [R]evolution.  Greenpeace teamed up with more than 30 scientists and engineers...

Xstrata burning coal to mine copper and gold

SAGITTARIUS Mines Inc. is allotting up to $1 billion in putting up its dedicated 400-megawatt power plant for the Tampakan copper and gold mining site in South Cotabato in the Philippines. Peter Forrestal, president of Sagittarius Mines and executive general manager...

Papua New Guinea removes land owner rights

Lawyers for a landowner group won an injunction against a mine’s submarine tailings disposal on the basis of a lack of a free and independent environmental plan, as is a prerequisite to their licensing by the Department of Environment and Conservation. The...

Battle for survival in India

The tribal people of Niyamgiri hills in Orissa are determined to prevent Vedanta Aluminium Ltd from mining the area for bauxite. Niyamgiri in Orissa is all set to become a scene of local community resistance to corporate interests. The hills of Niyamgiri, a Fifth...