Coal at Risk as Global Lenders Drop Financing on Climate

Aug 6, 2013 | News

The world’s richest nations, moving to combat global warming, are cutting government support for new coal-burning power plants in developing countries, dealing a blow to the world’s dominant source of electricity. First it was President Barack Obama pledging in June...

Barrick in big trouble in Chile

Aug 6, 2013 | News

Shareholder class action against Barrick attracts 5 whistleblowers! Court documents filed by Labaton Sucharow LLP on August 2, 2013 related to a class action lawsuit on behalf of Barrick shareholders reveal the testimonies of five former Barrick employees. These...

Potash upheaval threatens England’s first mine in 40 years

Aug 6, 2013 | News

Opponents of England’s first planned potash mine in 40 years can thank Russian billionaire Suleiman Kerimov for helping their cause. A decision by OAO Uralkali to withdraw from a powerful marketing venture has upended the world’s $20 billion potash industry and is set...

ENRC a step closer to going private

Aug 2, 2013 | News

Eurasian Natural Resources Corporation, the London-listed giant miner wrestling with a series of accusations of corruption and bribery, took a major step towards being de-listed Friday, after the largest investor backed the founders’ US$4.5 billion takeover....

Deep sea mining – out of our depth

Aug 1, 2013 | News

Inside London’s Cumberland Hotel today a ‘deep sea mining summit’ is taking place, involving representatives from the mining industry, financiers and the British government. The industry is keen to get support – but the communities that will be most affected are...

Jolt for Vedanta as mining in Niyamgiri Hills voted out

Aug 1, 2013 | News

In what could be a jolt for Vedanta Aluminium Ltd, the fate of the beleaguered proposal to mine bauxite in Odisha’s Niyamgiri Hills was sealed on Monday, with the seventh of the 12 gram sabhas – at Phuldumer in Kalahandi district – rejecting the...

Sesa Goa to invest $400 mn in Liberian mine in 2-3 yrs

Aug 1, 2013 | News

Vedanta group firm Sesa Goa is looking at investing up to USD 400 million on its Liberian iron ore mining project in 2-3 years. It is gearing up to complete the first phase of mining in the West African nation by December, 2014. Since September 2012, Sesa Goa has been...

Colombian town rejects AngloGold Ashanti in local vote

Jul 31, 2013 | News

The inhabitants of the Colombian Municipality of Piedras rejected big mining projects yesterday in a local referendum. The population was summoned to respond if they agree with the development of “exploration, exploitation, processing, transformation or...