Nuclear news

UK’s nuclear clean-up programme to cost billions more than expected Nuclear Decommissioning Authority declines to predict final lifetime clean-up cost amid fears total bill could exceed £100bn See...

”Leave us and leave our land” indigenous community tells Bumi

Press release: Down to Earth, London Mining Network and the Indonesian Mining Advocacy Network (JATAM). London, 26 June 2013 Much of the talk at today’s Bumi plc AGM will centre on the company’s deep financial and governance woes, but it is the people most directly...

Vedanta and police collaborate in false arrests and imprisonment

Badapada: displaced women and children imprisoned for a month by Vedanta and police This report, directly from a Foil Vedanta team on the ground in Niyamgiri, tells a shocking story of the month long imprisonment of a group of Dalit women and children displaced by...

Shareholders Group Questions Bumi Accounts

The independent U.K.-based shareholders’ advisory body PIRC said late Tuesday it is unable to support the approval of Indonesian coal miner Bumi PLC’s annual report and accounts at next week’s annual shareholders meeting. The firm, which represents a...

Barclays and RBS underwrite Glencore Xstrata

Glencore Xstrata has signed a new $17.3 billion revolving credit facility, to replace the pre-merger credit of Glencore and Xstrata and provide working capital. The facilities were initially launched at $12 billion and were substantially oversubscribed, the...

No such thing as a sustainable bank yet, says Banktrack

London-listed Standard Chartered is among banks helping to finance at least eight destructive ‘dodgy deals’ around the world. The projects, which campaigners are fighting to reverse, include the extraction of Canada’s vast tar sands, risky oil drilling in the Arctic...

Mining Firms Face New Regulator Scrutiny Amid Deal Probes

For an industry that routinely makes multi-billion dollar deals with developing-world governments and an array of sometimes controversial leaders, the mining sector has been remarkably free of political scrutiny. No longer. World leaders gathering in Northern Ireland...

Peru protesters push to stop $5bn Newmont mine

Thousands of opponents of a $5 billion gold project of Newmont Mining circled a lake high in the Andes on Monday, vowing to stop the company from eventually draining it to make way for Peru’s most expensive mine. Lake Perol is one of several lakes that would...