Molybdenum trading on the London Metal Exchange, which began February 22, will mainly be attractive for new players on the market as they will need protection from price volatility, according to Pablo Bascur, managing partner of Chile-based consulting firm MolyExp....
The price of copper closed at US$3.262/lb cash on the London Metal Exchange Friday, up 6.3% week-on-week, while global stocks rose 0.9% to 766,712t, enough for 2.2 weeks of world consumption. See...
Report for the UN into the activities of the world’s 3,000 biggest companies estimates one-third of profits would be lost if firms were forced to pay for use, loss and damage of environment. See...
The press statement below mentions Richard Spoor. Richard Spoor is a human rights lawyer who has represented communities resisting encroachment on their land by mining companies. He is currently being sued for defamation by Anglo American plc subsidiary Anglo Platinum...
Trust sells Vedanta shares over human rights abuse After the Church of England, another British investor has decided to sell its shares worth 2.2 million pounds (Rs.159 million/$3.5 million) in the Indian-owned mining company Vedanta Resources, citing serious concerns...
Environmental regulators for the office of the Supervising Scientist admitted to an Australian Senate Estimates committee that water with uranium concentrations 5400 times the background level and a cocktail of other radionuclides are seeping from beneath the tailings...
Millions of workers around the world depend on income from small-scale mining. Three new reports examine how their economic survival can be promoted, but they come from different perspectives. The industry body, ICMM, regards these workers as...
MINING and power group Hargreaves Services pledged to continue its drive into Europe as it reported six months of surging profits despite low coal prices. The firm, which owns Yorkshire’s Maltby colliery and employs more than 1,000 in the region, is expanding...
Last December, Western Shoshone plaintiffs won a court stay on expansion by Barrick Gold of its major Cortez gold mine in Nevada, citing environmental violations. Since then, the company has proceeded with the project after allegedly failing to implement many of the...
Another tick of approval on a $30 billion gas processing operation in the Kimberley has put Western Australia one step closer to Premier Colin Barnett’s stated aim of becoming the “Saudi Arabia of natural gas”. But could it also prove to be one step...
Metals found in everyday electronics items, such as mobile phones and computers, are being mined illegally in the eastern Democratic Republic of Congo (DRC) and funding a conflict that has caused millions of deaths, said Global Witness on the opening day of the Mobile...
The nuclear industry, once an environmental pariah, is recasting itself as green as it attempts to extend the life of many power plants and build new ones. But a leak of radioactive water at Vermont Yankee, along with similar incidents at more than 20 other US nuclear...
