Economic conditions have killed another billion-dollar export port project but saved the multinational proponents a world of environmental heartache in the process. The Balaclava Island coal port, which was to cost $1 billion and move 35 million tonnes of coal a year,...
The Australian government’s OK to Rio Tinto’s controversial bauxite mining operations in Queensland will turn “World Heritage Area into a shipping superhighway,” say environmental groups. See...
Australia’s Export Finance and Insurance Corporation (EFIC) will contribute funding to Rio Tinto’s Oyu Tolgoi mine expansion in Mongolia. EFIC decided to support Rio Tinto despite calls from Australia’s Productivity Commission for the credit agency...
The Natural Resources Defense Council (NRDC) is expanding its campaign against a proposed Alaskan mine that the Environmental Protection Agency (EPA) says would damage a thriving sockeye salmon population. The NRDC launched a six-figure advertising effort Monday that...
Large mining companies must take responsibility for their activities in Mozambique, and that includes giving back to local communities. Mozambique Mineral Resources Minister Esperanca Bias said her country needed to properly benefit from extractive industries. This...
Riot police squads blocked the main access to the mountain so that Hellas Gold, a subsidiary of Vancouver’s Eldorado Gold, could continue clearing the forest in preparation of the Skouries open-pit mine and related facilities. Eldorado’s shares are traded...
India’s National Green Tribunal was to decide whether UK-listed Vedanta can re-open its Tuticorin copper smelter in the southern Indian state of Tamil Nadu. The plant has been shut since March, following toxic leaks which a growing body of residents allege have...
It was a “scam and a half”. Last year, a hundred Indian companies were revealed to have profited by US$210 billion from gaining control of domestic coal deposits, without their being offered for tender. Now, renowned Delhi-based research journalist,...
UK-listed Vedanta shouldn’t have acquired Cairn India and its lucrative share of Rajasthan’s oil fields, without their first being offered to the state oil company ONGC. So declared India’s Supreme Court. However, the court confessed it was...
Canadian mining company Hudbay (in which London-listed Vedanta is a major shareholder) was confronted at their annual shareholder meeting over their violations of human rights and targeting of Indigenous land defenders in Canada and Guatemala. See...
Business needs to take its share of responsibility for openness and help ensure the mineral wealth of developing countries is “a blessing rather than a curse,” said PM David Cameron. See...
New Zealand’s $22-billion Superannuation Fund has pulled nearly $2 million worth of investment out of Barrick Gold, the world’s biggest gold miner citing its human rights and environmental record. The Canada-based mining giant, which has a market...
