Big investors are increasingly aware that coal consumption will have to drop dramatically as part of efforts to tackle climate change, a top Macquarie Bank executive has warned. The warning from Macquarie’s executive chairman in Melbourne, Simon McKeon, came as a...
Lonmin Plc, the world’s third- largest platinum producer, said it will seek a court order to prevent a possible strike by the biggest union at its operations. The Association of Mineworkers and Construction Union said earlier it will serve Lonmin a 48-hour strike...
Indonesia’s government may decide this week on whether to allow Freeport McMoRan Copper and Gold Inc to resume open-pit mining, the Minister of Energy and Mineral Resources said on Tuesday, five weeks after a tunnel collapse killed 28 workers. Freeport suspended...
DMCI Group will be seeking the approval of its shareholders to delist its mining unit, Toledo Mining, from the London stock exchange, a move meant to cut costs. In a disclosure to the stock exchange on Tuesday, June 18, DMCI Holdings said it will need to comply with...
Rio Tinto is delaying an event to mark first exports from the $6.2 billion Oyu Tolgoi mine in Mongolia, as it awaits final clearance from the government, sources familiar with the situation said on Thursday. Reuters and traders had been invited to a ceremony on June...
Rio Tinto Ltd has written $592.1 million off its Tiwai Point aluminium smelter in New Zealand, slashing its value to just $14.8 million. The smelter’s future is under a cloud as Rio seeks to sell it as part of a clutch of ageing Australasian aluminium production...
A wave of new African mining legislation designed to encourage investment in the continent at the same time as guaranteeing fair deals for host nations is struggling to achieve its aims, information released last week suggests. (Mentions Rio Tinto, AngloGold Ashanti,...
El Salvador’s battle to protect its water by becoming the first country to ban metal mining could have a wide-ranging resonance The companies involved are not British but the issue is of universal significance. See...
Britain lobbies for nuclear export group to admit India Britain has stepped up efforts to let India join an influential global body controlling nuclear exports, a move that would boost New Delhi’s standing as an atomic power but which has faced resistance from...
In its corporate old age BHP Billiton is getting a little forgetful. A little over two weeks ago the company took investment analysts on a tour of a few of its half-completed metallurgical coal mines in Queensland. In the opening presentation BHP Billiton’s newly...
There are two words that BHP-Billiton really seems to choke on these days: thermal coal. In a 47-page briefing released just over two weeks ago on the company’s global coal interests, thermal coal (or ‘energy coal’ as the company quaintly prefers to describe it)...
Canadian Prime Minister Stephen Harper was met by a large crowd of protesters from 30 environmental and human rights groups when he visited London yesterday. Five activists were arrested after blocking the entrance to Harper’s speech and scaling the roof of...
