Bumi separation plan should complete by November

Coal mining group Bumi, which plans to split with the Indonesian Bakrie family that co-founded the company, said on Monday that the protracted separation deal should complete by November. Bumi, created to bring together Indonesian mining assets in a London-listed...

News about Lonmin and the Marikana massacre

Marikana inquiry’s mistakes call for a rethink ON October 1 last year, the Marikana Commission of Inquiry held its first day of hearings into the events of and before August 16 of that year, during which 45 people were killed. The commission’s chairman, Judge Ian...

Our Fossil-Fueled Future

“If the experts at the U.S. Department of Energy are right, the startling “new” fuels of 2040 will be oil, coal, and natural gas — and we will find ourselves on a baking, painfully uncomfortable planet”. See...

Pressure mounts on EU development bank to kill coal funding

Pressure is growing on the European Bank for Reconstruction and Development (EBRD) to agree tighter regulations on its funding of new coal power plants. Currently half of the EBRD’s energy portfolio supports fossil fuels, which includes US$1 billion in past financing...

Swiss police raid billionaire Beny Steinmetz's home

The Geneva home of Beny Steinmetz, the billionaire natural-resources investor who is Israel’s richest person, was raided by Swiss police, according to a person familiar with the matter. The raid was ordered by Geneva’s public prosecutor following a request...

Rio Tinto's giant Mongolian mine gets new CEO

The top copper marketing executive at Rio Tinto Ltd. will take over as the head of Oyu Tolgoi, the giant Mongolian copper and gold mine controlled by Rio Tinto, Oyu Tolgoi said on Wednesday. Oyu Tolgoi’s board, including three new Mongolian members, approved the...