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The Return of Victorian Era Exploitation
With vivid examples of the unapologetically exploitative approach of multinational mining corporations in Tanzania, Evans Rubara highlights some of the glaring malpractice of rapacious foreign companies operating on Tanzanian soil. In a sector supported by lax tax collection by the country's government and whose only concern is for profit, companies such as Barrick Gold Corporation have much to answer for in the face of widespread environmental degradation, the displacement and forcible removal of local people, and criminalisation of local mining activities. Drawing on the information collected within damning reports such as A Golden Opportunity, Rubara documents the extent to which mining companies operate with impunity in Tanzania, an impunity giving rise to sustained abuse of local people's rights and wholesale stealing of national resources.
2008-11-21 03:38:14
Liberia: Three Companies Shortlisted
The Bid Evaluation Panel of the Government of Liberia yesterday opened what it called "Envelope B" for companies interested in mining the Bong Range iron ore deposit in Bong County.
2008-11-21 03:34:13
Miners help FTSE move away from year-low
Mining stocks helped the FTSE 100 turn its back on its lowest level for the year, as the sector looked undervalued after steep selling during the previous two sessions
2008-11-21 03:26:31
Lonmin unveils shake-up as production falls
Lonmin announced plans to close uneconomic mines and slash capital spending as new chief executive Ian Farmer sought make the platinum mining group more profitable
2008-11-21 03:21:28
Norilsk Nickel may cut overseas production AP
AP - Russian mining company Norilsk Nickel, the world's largest nickel and palladium producer, may temporarily close down some of its overseas units amid a global slowdown for commodities, the chief executive said Thursday.
2008-11-20 11:49:10
Vedanta company suspends mining
An Indian subsidiary of the UK mining company Vedanta says it is suspending bauxite mining in the southern Indian state of Tamil Nadu.
2008-11-20 11:41:08
Widows settle suit against mining co.
The widows of two men killed in a 2006 coal mine fire in West Virginia settled a wrongful death lawsuit against Massey Energy Co., attorneys...
2008-11-18 03:10:28
India stress the need to increase trade and economic engagement with Belarus
New Delhi, Nov 17 ANI: Minister of State for Industry Dr. Ashwani Kumar stressed upon the need to increase the level of trade and economic engagement between India and Belarus on Monday.He was speaking at the bilateral meeting between him and Rusetsky, Minister of Industries, Republic of Belarus in New Delhi today. Dr. Kumar assured the Belarusian Minister of the Government's full support in strengthening trade and economic engagement with Belarus. He told the visiting Belarusian Minister of India's longstanding relationship with erstwhile Soviet Union and invited Belarusian companies to collaborate with Indian companies. He emphasized on the need to increase the frequency of exchange of business delegations and bilateral interactions between captains of industry from both sides. Rusetsky identified heavy engineering, IT, pharmaceuticals and mining and defence sectors as the focus areas for investment in Belarus. Rusetsky invited Indian companies to actively participate in the privatization process of Belarusian industry. Dr. Ashwani Kumar assured him of government's full support to Indian industry to engage in exploring business possibilities in Belarus. Dr. Kumar informed the visiting Minister that despite the global economic slowdown, Indian companies would continue in their endeavours to establish global footprints. Both the Ministers agreed to boost bilateral economic engagement so as to achieve the target of 500 million dollar of trade between the two countries by 2010. ANI
2008-11-17 10:01:08
Brutal reversal stuns mining groups
Mining executives should be used to the cyclical nature of their business by now, but the brutality of the reversal in their fortunes over the past six months has left them in a state...
2008-11-16 23:00:00
Xstrata cuts ferrochrome output
The mining group will suspend six furnaces, cutting its production capacity by 29% and taking 500,000 tonnes off the market...
2008-11-16 23:00:00