Australian Stern Hu has admitted that he took bribes while heading up Rio Tinto’s iron ore team in Shanghai. China has accused Hu and his Chinese colleagues Liu Caikui, Ge Mingqiang and Wang Yong of giving and receiving bribes and inducing Chinese steel company...
African Barrick Gold (ABG) priced its initial public offering (IPO) at 575 pence per share, at the bottom end of the 550 pence to 650 pence range, ahead of the start of trading on Friday. The price for ABG, the biggest flotation in London in almost two years, values...
Global miner BHP Billiton said it expects to finalise its iron ore joint venture with Rio Tinto this year and took a swipe at a plan being considered by Australia to hike taxes on miners. “It is imperative that the impact of any policy and tax changes of...
After having locked horns with the Orissa government on the Vedanta mining project, Environment and Forest minister Jairam Ramesh has now taken a dig at the Supreme Court over the issue. He said it was only in the case of Vedanta that the Supreme Court overruled its...
The Dongria Kondh tribe who live in the Niyamgiri Hills of Orissa do not normally go to the top of the bauxite-rich slopes. The hilltop is considered sacred, the place where their presiding deity Niyam Raja (literally, the King of Law), or the Universal Lawgiver, is...
The world’s biggest corporate gold miner, Barrick, has been saddled with yet another accusation that it’s been operating illegally – this time in the Dominican Republic. Coincidentally, the issue of the contract between Pueblo Viejo Dominicana...
Australian farmers fighting proposed coal mining by the world’s biggest mining company recently vowed to continue their struggle, after losing a court action. Now they have been partially vindicated, as the country’s Supreme Court finds that BHP...
Rights activists and residents have accused the Canadian owners of Guatemala’s largest gold mine of exploiting local communities. Most worrying, they say, is the use of highly toxic cyanide to separate gold particles from the rock. Some residents claim that...
Executives from Canadian-based Rio Tinto subsidiary Rio Tinto Alcan have expressed their satisfaction with the support it has received from the Paraguayan government to build a US$2.5bn aluminum smelter in the country, the Paraguayan presidential office said on its...
The Campaign against Foreign Control of Aotearoa (New Zealand) – CAFCA – has published a list of finalists for the Award of “The Worst Transnational Corporation” operating in the country in 2009 – the so-called “Roger...
Indian Ministry of Environment and Forests reports criticise Vedanta India’s Ministry of Environment and Forests commissioned a study of possible violations by Vedanta Alumininum (controlled by the UK’s Vedanta Resources plc) at its Lanjigarh mine and refinery site in...
Labour War in the Mojave The biggest hole in California, with the exception of the current state budget, is Rio Tinto’s huge open-pit mine at the town of Boron, near Edwards Air Force Base, eighty miles northeast of Los Angeles. In last year’s contract...
