MINING companies have vehemently opposed the reintroduction of a windfall mining tax in Zambia despite the current boom in international copper prices, warning that raising taxation could plant uncertainty in future investments in the sector. Among the companies...
A central team is visiting a mining site in Orissa’s Niyamgiri hills to probe the allegation against British mining major Vedanta that it had grabbed forest land, officials said Saturday. The union ministry of environment and forests team, led by senior official...
Vedanta Resources is plotting one of the biggest money-spinning corporate break-ups of a Ftse 100 company in years. The Agarwal family, which has a majority stake in the India-based miner, is considering a spin-off of several of its interests, resulting in five or six...
A charge sheet has been filed against Vedanta subsidiary Balco’s CEO and nine others by Chhattisgarh Industrial Health and Security Department in the Chimney collapse case. See...
An Indigenous group in Northern Colombia that suffered a bomb attack at the end of January is claiming that the bombing is linked to the interests of a US mining company, Muriel Mining. London-based Rio Tinto has an agreement with Muriel Mining which gives it the...
The Government of Bangladesh is considering ‘positively’ a new proposal of the UK-based Asia Energy which offered the government only 10 per cent stake in the Phulbari coal field for operating an open-pit mine, said sources in the government. Asia Energy is owned by...
Experts and activists in Peru complain that while mining corporations are cashing in on soaring metals prices, they continue to enjoy exemption from royalties and corporate taxes, if they reinvest their profits. Legal stability contracts that locked in the tax status...
Northern Chile’s region I environmental regulator Corema approved an EIA for copper miner Minera Doña Inés de Collahuasi’s US$750mn expansion project, aimed at increasing ore processing capacity by 20% to 170,000t/d from the current 140,000t/d, the company...
The Frieda copper gold project in the Sandaun Province of Papua New Guinea is shaping up as one of the largest open-pit greenfield copper projects in the world, according to Highlands Pacific managing director John Gooding. “As last year’s kilometre long...
ICEM Pledges Support to Locked-Out Rio Tinto Workers in US State of California The Geneva, Switzerland-based International Federation of Chemical, Energy, Mine, and General Workers’ Unions (ICEM) announces that it gives its unequivocal support to the 560 miners of US...
Last year, the world’s biggest mining company announced it would sell out of a major coal project in the rainforests of Indonesian Kalimantan. Don’t for a moment think that BHP Billiton was influenced by criticisms of its role in boosting global greenhouse...
Rio Tinto and BHP Billiton may together soon comprise the world’s most important iron ore mining group. Late last month, BHP announced it would be spending nearly US$2 billion to boost its iron business in Australia. At the same time, it plans to move into...
