BHP Billiton faces US corruption probe
US authorities have warned BHP Billiton that they are looking into issues that could lead to the world’s No.1 mining company having to face action over potential breaches of anti-corruption laws,...
View ArticleExpansion and contractions at Glencore Xstrata
Glencore Xstrata to pursue $3bn iron ore project in Congo Mega miner Glencore Xstrata and London-listed junior partner Zanaga Iron Ore Company have decided to move forward with the assessment of their...
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London Metal Exchange under fire from US, UK and China
Alcoa complains to UK, US regulators about warehousing Alcoa Inc, the world’s second-largest aluminium producer, has complained to British and U.S. market regulators about a proposal by the London...
View ArticleGreenland awards London Mining huge iron ore project
Greenland’s industry minister called it the largest commercial project in the autonomous Danish territory’s history. London Mining is expected to seek investment partners for the multi-billion dollar...
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Fixing the world’s metals warehousing, why so long?
The London Metal Exchange (LME) is a defendant in the lawsuits accusing Goldman, JPMorgan and Glencore Xstrata of rigging the aluminium market and violating anti-trust laws. In the mid-1990s the LME...
View ArticleNuclear news
Nuclear experts slam Fukushima nuclear plant operators over not admitting toxic water releases Foreign nuclear experts have blasted the operator of Japan’s crippled Fukushima nuclear plant, with one...
View ArticleRio Tinto, Anglo American sell Palabora to China–SA consortium
Hot on the heels of an announcement that it is closing its open-pit operations at Australia’s Ranger mine, Rio Tinto says it will sell its majority-stake in South Africa’s Palabora copper mining...
View ArticleGreenland passes mining projects bill, opens for cheap labour
Greenland has passed a bill setting the framework for foreign mining and exploration companies to take advantage of the natural resources of the Arctic island and opening up for cheaper labour,...
View ArticleAfrican Barrick Gold tumbles on failed deal with Chinese
Shares in African Barrick Gold went down a mineshaft, losing a fifth of their value in one day, after talks failed to sell a majority stake in the London-listed miner to a Chinese group. In a press...
View ArticleGlencore delays closing of Xstrata merger, faces claims of aiding Iran...
Glencore and Xstrata announced last Friday that they have, once again, extended the deadline for closing their long-awaited $80 billion merger, scrapping March 15 as a target due to continuing...
View ArticleMining giant faces probe over Olympics hospitality
Australia’s Fairfax Media reported that the US Department of Justice and the Australian Federal Police were investigating allegations that BHP provided inducements, hospitality and gifts to Chinese and...
View ArticleGreenlanders vote – but for what kind of future?
Earlier this month Greenlanders voted in a new government. How will it now meet the challenge of having an apparent wealth of natural mineral resources – yet also one of the most fragile environments...
View ArticleGlencore pushes back Xstrata merger due to China probe
Glencore said last Tuesday it had again extended the date by which it expects to close its merger with Xstrata, due to the ongoing investigation into the deal in China. Glencore has been waiting for...
View ArticleGlencore given green light for Xstrata takeover; Xstrata’s problems mount in...
Glencore clinches Xstrata take-over with Chinese copper deal Glencore, the world’s largest minerals trader, is to sell the Las Bambas copper mine in Peru, thus satisifying conditions imposed by the...
View ArticleMining 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...
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