The Swedish Pension Fund has joined a number of its colleague funds, and disinvested from Freeport McMoRan, because of its Papuan Grasberg mine. Whether they will follow the Norwegian Pension Fund’s example and divest from Freeport McMoRan’s partner in the...
Rio Tinto has agreed to sell its majority stake in Australia’s third-largest thermal coal mine to Glencore Xstrata and Japan’s Sumitomo Corporation for just over $1 billion, pushing ahead with plans to focus on larger, core operations. Rio put its 50.1...
Rio Tinto will have to look further afield after another potential bidder for its Iron Ore Company of Canada (IOC) operation withdrew from bidding. Bloomberg reports China’s Minmetals considered the asking price, in the $3.5 billion to $4 billion range, too...
Vedanta’s future plan may trip on past hurdle Anil Agarwal’s Vedanta group’s plan to buy the Government of India’s residual 29 per cent stake in Hindustan Zinc Ltd (HZL) by December will hit a block with the Central Bureau of...
States and corporations need to do more to prevent the violation of indigenous peoples’ rights as a result of business-related activities, a United Nations independent expert body has said. “Indigenous peoples are among the groups most severely affected by the...
A major investigation into India’s illegal mining practices that led to the arrests of public officials for corruption was wound up last week without explanation, sparking concern about the extent of government complicity in illegal activities. (One of the...
Vedanta Resources said it has sought an alternate bauxite mine from Odisha government to run its Lanjigarh alumina refinery, which is staring at uncertain future due to local tribals rejecting the proposal to carry out mining in the Niyamgiri hills. See...
Marikana Massacre: the truth is coming out The justification given by SAPS, that they opened fire on mineworkers at the first killing scene on 16th August 2012 because they were under attack, has been blown out of the water. This follows discovery of a SAPs hard drive...
About 2,000 people, including environmentalists and horse-riding farmers, rallied in downtown Montevideo, Uruguay’s capital, to protest against three large scale mining-related projects expected to begin before year-end. The crowd asked the government to stop...
London-based Anglo American is a major shareholder in Nautilus. Truly astonishing story of how Nautilus got mineral rights in Tongan waters A project to dig minerals from the seabed off Papua New Guinea could signal a new era of mining in the world’s most remote and...
Indebted Bumi keeps digging up Borneo World ratings agency Moody’s Investors Service recently downgraded Bumi’s credit rating over concerns of default as its debts remained huge even after the debt settlement. Meanwhile, the company will likely report significant...
Alcoa complains to UK, US regulators about warehousing Alcoa Inc, the world’s second-largest aluminium producer, has complained to British and U.S. market regulators about a proposal by the London Metal Exchange to overhaul the LME’s warehousing policy....
