Rio Tinto board told at annual meeting they were ‘selling the family silver’ Many private investors in Rio Tinto vented their anger at the mining group’s annual meeting in London over the board’s decision to pursue a $20bn (£13.3bn) bailout...
Yesterday’s Rio Tinto AGM was full of dissatisfied shareholders, and not only the usual suspects. Objections were raised to the proposed bailout by Chinalco, the level of executive pay, the clash of the AGM with that of Anglo American, the failure of the Board to plan...
On April 15th, Rio Tinto plc holds its 2009 annual general meeting in London. Among the issues for which the world’s third biggest mining company should face opprobrium are: confirmed leakages of contaminated water from its huge Ranger uranium mine in Australia;...
TALK of a possible BHP Billiton tilt at Xstrata has put a rocket under the Anglo-Swiss mining giant’s London-listed shares this week. Speculation that BHP and Brazilian iron ore giant Vale have Xstrata in their crosshairs has swirled through London business...
How much liability – if any – will UK mining company Vedanta shoulder, if and when it takes over the US’ historically most damaging non-ferrous metals producer, Asarco? That’s a burning question which numerous Asarco ex-employees and other...
As US policymakers debate Wall Street reform, there is little attention being paid to whether new regulations will be adequate to govern carbon trading and the carbon derivatives markets, which many experts believe could become larger than credit derivatives markets....
A new report finds that nuclear power plants cannot be built quickly enough and in a safe and secure manner to be a major global solution for climate change, according to a report from the Carnegie Endowment for International Peace. See...
In a new report on the inequities and injustices of mining taxation regimes in Africa, a group of African and international NGOs has called for two major changes. First, that the process of creating tax regimes and mechanisms of tax payment become transparent. Second,...
Surya Dash, a filmmaker from Orissa, has produced a 96 minute long documentary film Niyamgiri – The Mountain of Law. Niyamgiri is the mountain, sacred to the Dongaria Kondh people, which is threatened by a bauxite mining project controlled by London-listed...
From the Vicaría del Medio Ambiente de Jaén VIMA 31 March 2009 Charge of terrorism dropped again On the third of March 2009, the provincial department of the public prosecutor in Piura dropped the charges against the 35 accused of terrorism (amongst them mayors,...
As RBS holds its AGM, NGOs challenge the bank and UKFI to review and reduce fossil fuel financing following Parliamentary Committee recommendation. A coalition of environmental and development groups [1] are today (Friday April 3) calling on the Treasury, UKFI [2] and...
UK mining giant Vedanta Resources was dealt a double blow as the Organisation for Economic Co-operation and Development (OECD) agreed that all the complaints made by Survival International about the company’s planned bauxite mine in Orissa merit further consideration,...
